article_normal

Elon Musk called ESG a scam – did Tesla boss do investors a favor?

Investing usually uses a combination of the head, heart, and gut even if it’s not supposed to. And there is probably no topic in the market that evokes “all the emotions” quite like ESG. This week, a big move to insulate Tesla from a closely watched Environmental, Social and Governance (ESG) index brought almost equal …

Elon Musk called ESG a scam – did Tesla boss do investors a favor? Read More »

Nvidia’s data center sales will likely outpace games – that may not be a good thing

Nvidia Corp.’s data center sales are expected to outpace game sales in its fiscal first quarter results, as demand from server farms remains high and interest in games wanes from frenetic levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% Financial results are due after the closing bell on Wednesday. Analysts polled by FactSet expect …

Nvidia’s data center sales will likely outpace games – that may not be a good thing Read More »

Cathie Wood has a simple response to Tesla’s exit from the S&P 500 ESG: ‘ridiculous’

Cathy Wood wasn’t happy to dismiss one of her most famous investments, Tesla Inc. , from a prominent index that tracks environmentally and socially friendly companies. “Silly,” Wood was terse in response to the news that the S&P 500 ESG had brought down electric car maker Elon Musk’s Tesla TSLA, -6.80% of its lineup, as …

Cathie Wood has a simple response to Tesla’s exit from the S&P 500 ESG: ‘ridiculous’ Read More »

‘Boeing management spins like a headless chicken,’ says Ryanair CEO.

Michael O’Leary, CEO of Ryanair Holdings Inc. , stormed Boeing during Monday’s earnings call, criticizing the aircraft maker’s “very poor management” and calling for a change at the top. “Right now, we believe Boeing management is roaming like a headless chicken, unable to sell planes, and then even the planes they deliver, they can’t deliver …

‘Boeing management spins like a headless chicken,’ says Ryanair CEO. Read More »

Crypto investor Barry Silbert offers sympathy and advice to those who lost fortunes this week

Billionaire crypto investor Barry Silbert, founder and CEO of Cryptocurrency Group, offered sympathy and advice to those who have recently lost their fortunes. It’s been a tough six months to be an investor in cryptocurrency. Volatile markets, distressed asset prices, rising interest rate yields, and high inflation have all combined to shock the stock, bond …

Crypto investor Barry Silbert offers sympathy and advice to those who lost fortunes this week Read More »

‘Nowhere to hide?’ Why stagflation fears are putting stocks on the verge of entering a bear market

It will take more than Friday’s big bounce to quell fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to control inflation without flooding the economy raises fears of stagflation – a pernicious combination of slow economic growth and persistent inflation. Recessive inflation is a “horrific environment” for investors, said …

‘Nowhere to hide?’ Why stagflation fears are putting stocks on the verge of entering a bear market Read More »

‘It’s pure panic’: Parents of twins in Florida spent more than 4 hours driving to find baby formula

When Eric and Kelly Schmidt, both 35, went to the Central Florida Target this week to buy regular baby formula, Up & Up Gentle, for their five-month-old twins, they found an empty shelf. Then the couple embarked on a half-day trek in search of formula, and any formula, and their quest didn’t end there. “We …

‘It’s pure panic’: Parents of twins in Florida spent more than 4 hours driving to find baby formula Read More »

Beyond Meat stock drops 20% amid poor sales, heads below first-time IPO price

Beyond Meat Inc. has taken 2022 not-so-good turned ugly into a worst Wednesday with quarterly results lacking in excitement. BYND Vegan Meat Products Manufacturer, -13.83% It posted a net loss of $100.5 million, or $1.58 per share, compared to a net loss of $27.3 million, or 43 cents per share, in the same quarter last …

Beyond Meat stock drops 20% amid poor sales, heads below first-time IPO price Read More »

A new study finds that the omicron is no less sharp than previous variants, and not just more transmissible

A new study by researchers at Harvard Medical School among others finds that the omicron variant of the coronavirus that causes COVID-19 is as severe as previous variants, not more transmissible but no less severe, as previously thought. The study was based on the records of 130,000 Covid patients in Massachusetts and was carried out …

A new study finds that the omicron is no less sharp than previous variants, and not just more transmissible Read More »

Lyft stock fell 26% after expectations, racer numbers came short

Lyft Inc. says: On Tuesday, the first quarter was better than expected, with CEO Logan Green saying transfer order volumes hit “a new high for COVID,” but stocks fell after CEOs’ expectations fell short. Lyft LYFT, -2.35% Shares initially rose more than 2% after results beat most analysts’ expectations excluding passenger numbers, but then fell …

Lyft stock fell 26% after expectations, racer numbers came short Read More »