ZIM Integrated Shipping Shares Soar After Q4 Results Top Estimates

ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported a fourth-quarter FY22 sales decline of 37% year-on-year to $2.19 billion, beating the consensus of $2.11 billion. The company attributed the r...

After weathering pandemic storm, cruise-line stocks offer upside, says Stifel

Like the rest of the travel industry, cruise operators have weathered a pandemic-related storm over the last couple of years, but they now deserve attention from investors, says analyst firm Stifel. “...

Norwegian Cruise Line Misses Earnings Estimates. The Stock Is Falling.

Norwegian Cruise Line Holdings stock tumbled Tuesday as the company posted a wider-than-expected loss and provided disappointing guidance for 2023. Cruise operator Norwegian (ticker: NCLH) posted an a...

Meet The Startup That’s Putting Ice Factories In Shipping Containers For Winn-Dixie Supermarkets

Ice is heavy and hard to transport. That’s why Relocalize plans to make it in shipping container factories near its customers, starting with Southeastern Grocers. getty Canadian startup Relocali...

Stocks Poised for Mixed Open

U.S. stocks are poised for a mixed open on Monday, as the market enters the tail end of fourth-quarter earnings season amid several well-watched economic indicators, including the Conference Board’s C...

Rising Freight Rates Put The Wind In The Sails Of Hong Kong Shipping Mogul Helmut Sohmen

This story appears in the February/March 2023 issue of Forbes Asia. Subscribe to Forbes Asia ss This story is part of Forbes’ coverage of Hong Kong’s Richest 2023. See the full list here. ss Hong Kong...

Norfolk Southern’s stock extends selloff, and one analyst turns bullish

Shares of Norfolk Southern Corp. have fallen enough — when compared with those of other railroad operators and the broader stock market — to create a “compelling entry point” for investors, according ...

Small Caps Below Book Value And Paying Dividends

Small caps getty These 5 small capitalization companies appear to fit the profile of a value stocks as defined generally by Benjamin Graham in his classic work The Intelligent Investor. The stocks are...

EV Battery Maker QuantumScape’s Stock Is Plunging After a Run-Up

QuantumScape stock saw a wild gain on Wednesday, ahead of reporting a narrower-than-expected fourth-quarter loss after the market close. Shares are plunging Thursday morning. What’s more, the plunge i...

Container Shipping Gets Digital

The Digital Container Shipping Association, a Dutch non-profit comprising nine big carriers including Maersk, MSC, Hapag-Lloyd and Yang Ming, has gotten all members to agree to standardize on electron...

6 Tips For Wooing Back Lost Retail Customers

Here are six ways to win back lost customer love. getty Seven in 10 relationships reportedly fail within the first year. Are retail-customer relationships any better? This is the right time of the yea...

Lyft stock sinks 30% after sales outlook falls short of $1 billion

Lyft Inc. posted record revenue for a second consecutive quarter Thursday, but the company’s worse-than-expected forecast tanked its stock in extended trading. Lyft LYFT, -3.16% expects first-quarter ...

Disney, CVS, Uber, Chipotle, PayPal, and More Stocks to Watch This Week

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Indian tycoon Adani hit by more losses, calls for probe

Shares in troubled Adani Enterprises gyrated Friday, tumbling 30% and then rebounding after more than a week of heavy losses that have cost it tens of billions of dollars in market value. The company,...

‘Patience will be rewarded.’ Here’s why Wall Street is not panicked over Amazon’s earnings slump.

Amazon.com Inc.’s worst annual loss ever was triggering a gentle gallop toward the exits among investors on Friday, but Wall Street analysts were stoic, urging patience on the long-term value offered ...

Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street

For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those t...

How Gautam Adani Made (and Could Lose) a $147 Billion Fortune

Listen to article (2 minutes) AHMEDABAD, India—Gautam Adani is ubiquitous in this country. His name is plastered on roadside billboards and on the airports and shipping docks he operates. His power pl...

This Robot Electric Cargo Plane Could Be The Start Of A Wave That Transforms Shipping

Pyka’s autonomous electric Pelican cargo carrier is an adaptation of a plane it developed for crop spraying. The Oakland-based startup sees it as a step on the road to developing a zero-emission...

Shipping Platform Freightos Goes Public in SPAC Deal

Online freight booking platform Freightos Ltd. started trading shares publicly on Thursday through a merger with a special-purpose acquisition company, just as the booming shipping demand that helped ...

Hellbiz hires same company used by Genius Group to combat illegal short selling

Shares of Hellbiz Inc. HLBZ, +109.13% soared 41.3% in midday trading Monday, and have more than doubled in two days, after the e-scooters and e-bicycles provider said it hired Shareholder Intelligence...

Earnings Watch: Microsoft, Tesla and Intel are about to face the doubters

After one of the worst years in Wall Street’s history, investors have some serious questions for companies. As holiday returns roll in — and with them, forecasts for the months or year ahead — many ha...

UAE’s Masdar Seeks Early Mover Advantage In Emerging Market For Green Hydrogen

Green hydrogen made using renewable energy could play a key role in decarbonizing the global … [+] economy. getty Over the past decade and a half, Abu Dhabi’s Masdar has built itself into one of...

Judge Orders Cruise Companies to Pay More Than $436 Million for Docking at Seized Terminal in Cuba

Four major cruise lines say they will appeal a recent ruling that would force them to pay roughly $436 million in total damages to a company that owned a port terminal in Havana prior to the Cuban Rev...

Shipping Stocks – ZIM Stock Price Plunges into Pacific Ocean (52-Week Low)

Zim’s stock price hit an 18-month low of $16.23. Investors have been seeing bearish weekends for the past five weeks in a row. ZIM, Zim Integrated Shipping Services Limited, is doing poorly so far. Th...

These 20 stocks were the biggest losers of 2022

Updated with Dec. 30 closing prices. This was a year of reckoning for Big Tech stocks — even those of companies that continued to grow sales by double digits. Below is a list of the 20 stocks in the S...

Warren Buffett jumps into local politics to fight Omaha streetcar project

OMAHA, Neb. — Billionaire investor Warren Buffett broke with his practice of staying out of local politics to urge his hometown of Omaha to abandon its planned streetcar project because he says it’s t...

20 EV stocks that could rebound the most in 2023

Even as electric-vehicle sales have been gaining traction, associated stocks have been crushed during 2022, led by Tesla. Below is a screen of stocks of companies involved in the development, producti...

Carnival stock is suffering its worst year on record, but looks ‘overly compelling’ to this analyst

Shares of Carnival Corp. have had a really bad year, even worse than the pandemic year of 2020. And that’s what makes Stifel Nicolaus analyst Steven Wieczynski believe the stock is now “overly compell...

QuantumScape starts shipping EV battery prototypes

In this photo illustration the QuantumScape logo is seen on a smartphone and a pc screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Electric vehicle battery startup QuantumScape said Tu...

FedEx and Nike earnings will hold vital hints on holiday-shopping strength

After investors raced for the exits following their last earnings reports, package-deliverer FedEx Corp. and athletic-gear maker Nike Inc. will try it again. And they’ll offer important reads on deman...

DOJ Files Lawsuit Against Arizona For Building Shipping Container Border Wall

Topline The Department of Justice accused Arizona Gov. Doug Ducey (R) and state officials of trespassing on federal lands by building a wall of shipping containers along the state’s border with Mexico...

Giant Fund Dumps Carnival Stock, Buys Snap, Warner Bros., and Baker Hughes

One of the largest public funds in the world recently made major changes in its U.S.-traded equity investments. National Pension Service of South Korea exited its investment in cruise giant Carnival (...