Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T Fallon | AFP | Getty Images DETROIT — Shares of General Motors on Thursday hit a new 52-week low and opened at their lowest price since November […]
CNN — Despite a disappointing season on the pitch, Paris Saint-Germain star Lionel Messi was the highest-paid athlete in the world over the last 12 months, according to Forbes. The soccer sensation is reported to be bringing in pre-tax gross earnings of $130 million a year from on-field and off-field pursuits, keeping him ahead of […]
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures drop after Wall Street extends its multiday losing streak Traders on the floor of the NYSE, May 11, 2022. Source: NYSE US stock futures dropped Thursday as the broad sell-off and revaluation of risk assets […]
Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric […]
It’s a scenario that John Buenger encounters all too often at his independent insurance agency. People see an ad for life insurance on TV, but when they ask for more details, the policy isn’t what they expected. “The fine print on these ads goes by so quickly that when people call in to get more […]
New York CNN Business — Electric truck maker Rivian delivered some much needed assurance to Wall Street Wednesday, even as it reported a larger than expected first quarter loss. The company said that it had 7,000 new orders for its R1 electric pickup in the last two months, bringing total net orders up to 90,000 […]
ASSOCIATED PRESS / 2020 A Southwest Airlines Boeing 737-7H4 takes off from Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. Southwest Airlines is reporting a loss of $278 million in the first quarter, Thursday, April 28, 2022, but says it will be profitable for the rest of 2022. DALLAS >> Southwest Airlines will spend […]
red boxphoto: Justin Sullivan/ (Getty Images) Great news for anybody who wants to see some sun-damaged touch screens get livened up by a little good, hearty cheer: Redbox just got itself bought by Chicken Soup For The Soul Entertainment Inc., the company behind eight million books of inspirational sub-Reader’s Digest horseshit, and also, for some […]
CNBC’s Jim Cramer said Wednesday that while the hot consumer price index suggests the Federal Reserve is losing in its struggle against inflation, the dismal performance of stocks, particularly in the Russell 1000, offers a different view. “When I talk about the Fed winning or losing the fight against inflation, I mean the fight to […]
Roblox CEO David Baszucki told CNBC on Wednesday that the company is seeing its bookings recover in April after the company said earlier this week that they declined 3% in the March quarter. Bookings are how the company describes sales of its virtual currency, Robux, which players use to buy digital items such as avatars […]