Times News Network
Text size Boeing CEO Dave Calhoun expects air travel demand to stay. Dreamstime Boeing CEO Dave Calhoun spoke Wednesday at an conference in Qatar arranged by Bloomberg. For investors, there was some good news and some bad news. The Boeing (ticker: BA) CEO spoke on a panel along with Luis Gallego, who runs British Airways … Read More “Boeing CEO Says the ‘Drip, Drip, Drip’ of Bad News for the Stock Should Stop” »
Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car , should begin trading on Friday with a huge enterprise value. Polestar agreed to merge with a special purpose acquisition company, or SPAC, Gores Guggenheim (GGPI) back … Read More “Polestar, a New EV Company, Arrives This Week. It’s Worth More Than Rivian.” »
Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car (ticker: VOLCARB.Sweden), should begin trading on Friday with a huge enterprise value. Polestar agreed to merge with a special purpose acquisition company, or SPAC, Gores Guggenheim (GGPI) … Read More “A New EV Company Arrives This Week. It’s Worth More Than Rivian.” »
Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ’s if volume growth at Tesla follows a similar path as … Read More “NIO Stock Is a Cautionary Tale for Tesla Shareholders” »
Text size Exxon stock is rising after getting upgraded at Credit Suisse. Dreamstime Exxon Mobil stock is jumping after Credit Suisse upgraded its shares from Neutral to Outperform on Tuesday. Unlike many of its competitors, Exxon Mobil (XOM) bet that the world will continue to run on fossil fuels over the medium term and that’s … Read More “Exxon Stock Has Surged This Year. Why One Analyst Sees More Gains Ahead.” »
Text size Palantir stock has lost about half of its value so far this year. Dreamstime Palantir Technologies shares got a boost as BofA Global Research analyst Mariana Perez Mora began coverage of the analytics software company with a price target that is more than 50% above the level before her call. Mora rates the … Read More “Palantir Technologies Stock Gains on Buy Rating From BofA” »
Diamondback Energy stock gained after announcing a dividend increase. Spencer Platt/Getty Images Text size Diamondback Energy surged on Tuesday after the oil explorer said it would increase its base dividends from $2.80 to $3 per common share annually, a 7.1% jump, beginning at the end of the month. The implied annual dividend yield is 2.5%, … Read More “Diamondback Stock Jumps. Its Dividend Increase Is ‘Hard to Ignore.’” »
Text size Rising mortgage rates are dragging on the housing market. Justin Sullivan/Getty Images Jersey and Florida are hot. Housing in Austin and Seattle is not, according to the co-CEO of the U.S.’s second-largest home builder. Lennar (tickers: LEN, LEN. B) noted a slowdown nationally in housing on its earnings conference call Tuesday, and then … Read More “The 7 Worst Housing Markets in America, According to Lennar” »
Text size Tesla CEO Elon Musk. Getty Images Employees laid off by Tesla have sued in response, giving investors in the electric-vehicle company one more issue to worry about. Employment has been on the mind of Tesla (ticker: TSLA) investors since early June, when Reuters reported on an email from CEO Elon Musk saying he … Read More “Tesla Sued For Employee Layoffs. Musk Calls Suit Trivial.” »
Text size Walmart owns almost 59 million shares of Symbotic. Photo by George Frey/Getty Images Symbotic shares were rising sharply Tuesday after Walmart disclosed it holds a 62.2% stake in the artificial intelligence supply chain technology company. Symbotic (ticker: SYM) shares gained 28.5% to $21.58 in premarket trading. The stock’s high over the past year … Read More “Symbotic Stock: Walmart Discloses It Holds a 62.2% Stake in AI Company” »
