The outlook for the semiconductor sector is moving from bad to worse, and investors appear to be moving their money into the software sector as a result. Pessimism about the future of the chip sector ...
Tag: Corporate
Carnival Stock Surges as Second-Quarter Revenue Rises Sharply
Text size A large Carnival cruise ship docked at port in turquoise blue water. Dreamstine Shares of Carnival were rising Friday after the cruise line posted second-quarter revenue that rose sharply fr...
Intel wins latest race in chip uses for the cloud, says KeyBanc Capital Markets
Chip giant Intel Corp. is leading growth in cloud technology, according to new research from KeyBanc Capital Markets. Intel Corp. INTC, +3.21% is the winner in KeyBanc’s latest monthly data tracking s...
Bed Bath & Beyond is reducing store hours and turning down the air conditioning to cut costs, analysts say
Bed Bath & Beyond Inc. is turning down the air conditioning at its stores in order to save cash, according to Bank of America analysts who conducted channel checks and store visits. Other measures...
Inflation Makes Biden Look Bad. But Corporate America’s Pro-China, Anti-Tariff Push Bound To Fail
Going up! Gasoline prices rising due to market speculation in oil futures, and lower supply, too, as … [+] Washington and Brussels’ disdain for fossil fuels exacerbates the problem caused ...
Zendesk Close to Striking Buyout Deal, Sources Say
Zendesk Inc. is close to a deal with a group of buyout firms, according to people familiar with the matter, resurrecting a failed attempt to sell itself in what would be one of the biggest private-equ...
Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints
Billionaire Ken Griffin is relocating his hedge-fund firm Citadel from Chicago to Miami, the third major employer to announce the move of a corporate headquarters from Illinois in the past two months....
Snowflake has catapulted into ‘elite territory,’ JPMorgan says in upgrade
Snowflake Inc. is winning big praise from those in charge of tech spending, and that’s cause for an upgrade of its stock at JPMorgan. The bank’s recent survey of chief information officers found stron...
These dividend stocks yield at least 5% and have plenty of room to raise payouts
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts co...
Berkshire Hathaway Holds 16.3% of Occidental Petroleum After Recent Buys
Text size Warren Buffett, chairman and CEO of Berkshire Hathaway. Kevin Dietsch/Getty Images Berkshire Hathaway purchased more than $500 million of Occidental Petroleum stock recently and now holds a ...
Polestar shares expected to debut Friday on Nasdaq after SPAC deal approved
Shares of electric vehicle company Polestar are expected to debut on the Nasdaq on June 24, after shareholders of special purpose acquisition company Gores Guggenheim Inc. GGPI, +11.87% approved the p...
Stock market nosedive, recession and your 401(k). Here’s what to do.
Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it fo...
This dividend fund is down 3% vs. S&P’s 20% drop. Here are its top stock picks
By now even the most ardent tech and growth-stock enthusiasts realize the bull market is over. John Kornitzer’s approach to selecting high-quality stocks for the Buffalo Flexible Income Fund is one th...
Boeing Says ‘Drip, Drip’ of Bad News Should Stop. Investors Don’t Believe It.
Text size Boeing CEO Dave Calhoun expects air travel demand to stay. Dreamstime Boeing CEO Dave Calhoun spoke Wednesday at an conference in Qatar arranged by Bloomberg. For investors, there was some g...
Polestar, a New EV Company, Arrives This Week. It’s Worth More Than Rivian.
Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car , should begin trading on Fr...
Toyota Stock Falls After It Cuts Production Again. Bad News for Car Prices.
Text size Toyota reduced its output forecast, citing parts shortages. Above, a dealership in Houston. Brandon Bell/Getty Images Toyota Motor updated its production plans, unveiling more cuts. Wednesda...
Dallas Cowboys Owner Jerry Jones Scores on Billion-Dollar Natural-Gas Gambit
Football season is months away, but Dallas Cowboys owner Jerry Jones already has notched a big win this year betting on natural gas. Mr. Jones took control of producer Comstock Resources four years ag...
Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Fri...