Text size The cruise company predicted it would continue to be unprofitable in the third quarter. Alexandre Meneghini/Reuters/Alamy Shares of Norwegian Cruise Line Holdings fell sharply Tuesday after ...
Tag: North America
What Caused Nvidia’s Shortfall? Gamers or Crypto Mining?
Text size Nvidia has been hurt by fading pandemic-era demand for gaming graphics cards. Justin Sullivan/Getty Images Nvidia warned on Monday that shortfalls in its gaming segment revenue would hamper ...
Nvidia Stock Sinks as Revenue Estimate Misses, Gross Margin Outlook Slashed
Text size Nvidia stock has declined 10% this year, while the Nasdaq Composite has fallen 18%. Justin Sullivan/Getty Images Nvidia shares plunged after the chip manufacturer shared preliminary financia...
Tesla and 9 Other Companies That Would Take a Hit From a 15% Minimum Corporate Tax
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerb...
What Stocks Are Moving Monday? Tesla, Palantir, First Solar and More.
Text size Tesla shares rise early Monday. (Photo by Justin Sullivan/Getty Images) Stock futures were trading higher Monday with investors assessing how aggressive the Federal Reserve will be in its ef...
Senate Passes Climate Bill. The Rush to Renewable Energy Is On.
The climate and tax package passed by the Senate on Sunday will unlock around $400 billion in funding for clean energy and accelerate a historic shift in how the world is powered. Along with a paralle...
GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.
Text size GE wants to be a player in the electricity grid of the future. That will benefit its coming Vernova business. Brandon Bell/Getty Images NISKAYUNA, N. Y–In General Electric ’s sprawling resea...
Berkshire Buys Buffett Successor’s Stake in Prized Utility Unit
Text size Photo by CHANDAN KHANNA/AFP via Getty Images Berkshire Hathaway bought a 1% stake held by Vice Chairman Greg Abel in the company’s big electric utility business for $870 million in cash, hig...
Block’s Earnings Beat Estimates but the Stock Drops. Here’s Why.
Text size Jack Dorsey co-founded Block and remains its chair but is no longer CEO. Joe Raedle/Getty Images Block said Thursday that Bitcoin revenue at its Cash App unit dropped 34% in the second quart...
Tesla’s Annual Meeting Is Done. Here’s What Happened.
Tesla wants to grow production by 50% a year. It soon may need another plant or major plant expansion to do so. Mario Tama/Getty Images Text size Tesla ’s huge base of retail investors always likes to...
Walmart Stock Falls After Report of Hundreds of Layoffs
Text size Shares of Walmart are down about 10% this year. Photo by Michael Ciaglo/Getty Images Walmart is eliminating about 200 jobs in a bid to restructure the company, according to a report from The...
Tesla Has an Annual Meeting Thursday. What to Watch For.
Text size Tesla convenes its 2022 annual meeting of shareholders on August 4. Mario Tama/Getty Images Tesla ’s huge base of retail investors always like to hear from management and CEO Elon Musk. They...
Occidental Petroleum Tops Profit Estimates, Pays Down Debt
Text size Occidental stock has doubled this year and is the top performer in the S&P 500, Callaghan O’Hare/Bloomberg Warren Buffett probably liked Occidental Petroleum ’s second-quarter earn...
AMD Stock Drops After Earnings
Text size AMD shares are down 31% so far this year. Dreamstime Advanced Micro Devices reported better-than- expected earnings results Tuesday afternoon. But the company forecast less revenue than expe...
Caterpillar’s Earnings Are Good and Sales Top Estimates. But the Stock Falls.
Text size Caterpillar’s earnings and sales in the second quarter beat Wall Street expectations. Bernd Lauter / AFP via Getty Images Caterpillar reported second-quarter numbers that beat Wall Str...
Intel Stock Could Be Worth More Dead Than Alive. Why This Analyst Sees 50% Upside.
Text size Intel was once the most valuable chip maker in the U.S. David Paul Morris/Bloomberg While badly wounded, Intel isn’t dead yet. And at least one analyst thinks there could be considerably mor...
Royal Caribbean Stock Tumbles on $900 Million Notes Offering
Text size Cruise lines had to to take out significant debt during the pandemic to stay afloat. Pau Barrena/AFP via Getty Images Royal Caribbean Group stock tumbled after the company said it had starte...
Boeing Stock Rises as Strike Temporarily Averted, 787 Cleared for Deliveries
Text size The Federal Aviation Administration gave clearance to Boeing to begin deliveries of the 787 Dreamliner after approving the company’s plan to correct production problems with the aircra...
Amazon Stock ‘Needs’ to Be Owned. This Analyst Explains Why.
Text size Amazon workers sort packages for delivery in New York. Michael M. Santiago/Getty Images Amazon.com is a must-have stock for investors following the company’s second-quarter earnings beat, ac...
Twitter Stock Is Downgraded. Analyst Needs Just One Sentence to Explain Why.
Text size Twitter stock is downgraded given uncertainty over the company’s pending acquisition by Elon Musk. Justin Sullivan/Getty Images Twitter stock received another downgrade on Friday, fuel...