Text size We’re past the peak of first-quarter earnings season, but with several notable companies still left to report next week. The economic-data highlights of the week will be a pair of inflation ...
Tag: Shipping
Shipping Stocks: Matson Earnings Beat Amid Pacific Challenges
Matson (MATX), an ocean-shipping company focused on the Pacific, reported first-quarter earnings on Tuesday that beat expectations, boosted by demand for its China shipping services and an ongoing sup...
The Cruise Crowd Is Back, Even if Investors Aren’t. Here’s Why It May Be Time to Take a Plunge.
Few sectors absorbed as much pain as the cruise industry during the pandemic, which shut down sailing operations in the U.S. from March 2020 through last June. Shares of the big three cruise operators...
Aergility To Unveil Hybrid VTOL Cargo Drone
Rendering of ATLIS hybrid vertical takeoff and landing cargo drone. Aergility What’s shaping up to be a dogfight for a place in the burgeoning unmanned aircraft delivery industry is about to see...
Shipping Stocks Are Exploding Amid A Commodity Supercycle
Market experts consider rising inflation and the Ukraine crisis as the two biggest market risks this year. Runaway inflation has been corroding asset values, limiting buying power and eating away at c...
Here are 30 stocks that Goldman Sachs likes when the economy stutters and markets gyrate
Wall Street is finding some traction for Tuesday, as investors wade through big earnings and ample, gloomy distractions. Fighting has ramped up again in Ukraine as the battle begins for the country’s ...
Shipping lines are refusing to export the West’s plastic waste — Quartz
As of today (April 15), the world’s third largest shipping line, will no longer accept deliveries of scrap plastic on any of its ships. CMA CGM’s ban is a milestone in a global backlash against wealth...
Dow Jones Falls; Twitter Reverses Amid Elon Musk ‘Circus,’ Tesla Stock Dives; Shipping Play Offers Entry
The Dow Jones Industrial Average fell late while the Nasdaq took a tumble. Twitter (TWTR) reversed, with an analyst saying now is the time to sell due to the Elon Musk takeover “circus.” T...
Kodiak Robotics And U.S. Xpress To Make Autonomous Freight Runs From Dallas To Atlanta
A Kodiak truck and U.S. Xpress trailers last month completed a pilot run of four round trips … [+] covering about 6,350 miles, between the Dallas-Fort Worth Metroplex and greater Atlanta. Kodiak...
Cathie Wood’s ARK Snaps Up Nearly $20 Million of UiPath Stock
Text size Cathie Wood’s ARK Innovation ETF purchased 867,331 shares of UiPath on Monday. Courtesy of ARK Cathie Wood’s ARK Innovation exchange-traded fund purchased 867,331 shares of UiPath , th...
Why U.S. consumers suspect gas price gouging — and how much stations actually profit from a gallon of the fuel
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline price gouging at the pump, where drivers last month paid r...
Why ‘free’ shipping isn’t free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.” “People like free shipping because the word free is v...
UiPath stock drops 20% after outlook falls short of Wall Street expectations
UiPath Inc. shares dropped in the extended session Wednesday after the “software robot” provider’s weaker-than-expected outlook overshadowed a beat of Wall Street’s quarterly results estimates. UiPath...
Alaska Air Is Converting 2 More Boeing Jets Into Freighters. Here’s Why.
Text size Alaska Air sees capacity rising by 1% to 3% in 2022 compared to 2019. Photograph by Jason Redmond/AFP/Getty Images Alaska Air Group unveiled plans Thursday to convert two Boeing 737-800 pass...
Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry – Economics Bitcoin News
During the last few months, inflation has risen significantly in the United States as it has climbed at its fastest pace since 1982. Data shows younger families with children have been struggling to m...
Why U.S. bridges are in such bad shape
America’s bridges are in rough shape. More than a third of the nation’s bridges are in need of repair, and over 43,000 are in poor condition and classified as “structurally deficient...
Oil suffers ‘spectacular’ collapse, falls into bear market territory just 5 days after settling at nearly 14-year highs
U.S. and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad R...
Costco Quietly Catches Up to Amazon, Walmart in One Key Area
Costco’s (COST) – Get Costco Wholesale Corporation Report business has always been about driving people to its warehouses. The membership-based chain resisted efforts to even sell things o...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
What’s behind the congestion at U.S. ports
The Port of Los Angeles, the busiest port in North America, saw record volume in 2021. Container volume at the port, including imports like furniture and apparel, surged to a record 10.6 million TEUs ...
Intel to enter crypto space with blockchain accelerator shipping later this year
On Friday, Raja M. Koduri, senior vice president of accelerated computing systems and graphics group at Intel, declared their intent to contribute to the development of blockchain technologies, beginn...
Why consider the Dow transports when they point to a slowing economy? Because these 7 stocks are cheap
The Dow Jones Transportation Average has long been considered a good forward indicator of the direction of the U.S. economy. With early signs that an economic slowdown is coming, this might be an obvi...