Tag Archives: Soars

Wall Street seems to love this comeback story. Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Wall Street analysts, at first glance, appear optimistic the decision will improve the fortunes for a stock that has lagged… Source link

A majority of Canadians are cutting back on spending due to inflation, including on groceries. (Photo by Zou Zheng/Xinhua via Getty Images) Canadians are cutting back on groceries and entertainment as red-hot inflation continues to put pressure on household budgets, a new Yahoo/Maru Public Opinion poll has found. The survey of 1,517 Canadians found that 60 per cent of respondents set stricter priorities and reduced spending due to higher prices in July than they did in June. Among those that… Source link

(Bloomberg) — One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from US shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes or so. No one was injured. Most Read from Bloomberg It sounds like a story for the local press, at most — except that more than three weeks later, financial and political shockwaves are still reverberating across Europe, Asia and beyond. That’s because natural gas is the… Source link

(Bloomberg) — Advanced Micro Devices Inc. gave a strong sales forecast for the current quarter, indicating that the chipmaker continues to make strides in its most lucrative market: data-center processors. Most Read from Bloomberg AMD predicted second-quarter sales of roughly $6.5 billion, compared with an average analyst estimate of $6.03 billion. That helped send the shares up as much as 8.3% in late trading Tuesday. The outlook helped allay concerns that the chip market is slowing — and… Source link

Stocks dipped Monday and oil prices soared as investors nervously considered the potential for even higher inflation and greater global economic damage from Russia’s war in Ukraine and sanctions that have ensued. The S&P 500, Dow and Nasdaq declined but came off session lows from pre-market trading. Traders piled into safe haven assets, and gold prices (GC=F) briefly jumped above $2,000 per ounce for the first time since September 2020. U.S. Treasury yields advanced. In energy markets, Brent… Source link

Amazon (AMZN) reported fourth quarter results on Thursday and announced it will raise its Prime membership fee to $139 per year from $119 in the U.S. The stock is soaring in after-hours. These are the top- and bottom-line results for Amazon’s fourth quarter. Earnings per share: $27.75 vs $3.77 expected Revenue: $137.4 Billion vs $137.82 Billion expected AWS net sales: $17.78 Billion vs $17.23 Billion expected This is the third time since the launch of Amazon Prime that the e-commerce giant… Source link

The quarterback who still has something to prove showed that maybe he really is built to win big games. The head coach who still does too, showed that maybe he’s not. The Los Angeles Rams, and QB Matthew Stafford, defeated the Arizona Cardinals, coached by Kliff Kingsbury on Monday, 30-23. While this was still a regular season game in December, it might signal plenty about the January playoff ones to come. Stafford did everything to win it. Kingsbury did enough to not. Start with Stafford, who… Source link

Starbucks (SBUX) posted fiscal fourth-quarter earnings results that mostly missed Wall Street estimates, but the coffee giant reported a spike in active Starbucks reward members as the fast food industry leans into digital in an effort to boost sales and drive customer loyalty. Here’s what the Seattle-based company reported, compared to Wall Street estimates, according to a Bloomberg consensus estimates: Revenue: $8.1 billion versus $8.22 billion expected Adj. earnings per share (EPS): $1.00… Source link

(Bloomberg) — Ford Motor Co., charging forward with big investments in electric vehicles, raised its full-year profit forecast and said it will restore its dividend, sending the stock soaring by as much as 9.5%. Most Read from Bloomberg The automaker on Wednesday lifted its 2021 profit forecast for the second time in as many quarters, and is now projecting $10.5 billion to $11.5 billion in earnings before interest and taxes. The reinstated quarterly dividend of 10 cents a share will be paid… Source link

By Dhirendra Tripathi Investing.com – Phunware stock (NASDAQ:PHUN) was defying all conventions Friday as it rose 1,468% on speculation that the company is being tapped to build former U.S. President Donald Trump’s proposed social media platform. Trading in the stock was halted later. It jumped 1,000% after it resumed. The stock touched a high of $24.04 during the session. It had closed at $1.53 Thursday. More than 197 million shares of the company changed hands on Nasdaq in less than an hour… Source link