Corporate/Industrial News

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 …

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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 …

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‘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 …

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‘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 …

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‘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 …

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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 …

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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 …

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Tesla is asking for more time to introduce an agent, dashing hopes for a fresh look at Musk’s collectibles

Tesla Inc. asked. More time to introduce its proxy before the annual shareholder meeting, according to a report released Monday, dashing hopes for a fresher look at CEO Elon Musk’s holdings amid Twitter Inc.’s top CEO presentation. In the form of a modified 10-K, Tesla TSLA, + 3.70% He said his proxy statement will be …

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Opinion: Berkshire and Buffett have 5 words for sellers who want their money: ‘Take it or leave it’

As fans flock this weekend to Omaha, Nebraska, for Berkshire Hathaway’s annual shareholder meeting hosted by Chairman and CEO Warren Buffett, you might be wondering what all the fuss is about. Answer: Unique magic. Buffett and Berkshire Bercia, + 0.57% BRK.B, + 0.46% In the corporate world, it is characterized by a combination of extraordinary …

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CDC study highlights how quickly the omicron variant is infecting Americans, WHO warns testing remains crucial

A report from the Centers for Disease Control and Prevention highlights how many Americans have contracted COVID-19, and how dramatically the number has increased since the arrival of the highly contagious omicron variant late last year. The report published on Tuesday found the number of cases was particularly striking in children, with three out of …

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