Unlike its customers, Carnival Corp. CCA -4.77% shareholders should focus on the destination, not the journey. Many expected the world’s biggest cruise line to be profitable again three years after the Covid-19 pandemic hit with much of the tourism and leisure sector booming. They will have to wait a little longer for this very capital-intensive … Read more
Lyft Inc., LYFT -2.74% struggling with competition and a falling stock price, is bringing in a board member as chief executive, and its two co-founders will step back from managing the company, the ride-hailing company announced Monday. David Risher, who has held senior positions at Amazon.com Inc. and Microsoft Corp. before launching a children’s reading … Read more
Text size Crocs is among the stocks that have historically been most sensitive to changes in market-wide liquidity. Jamie McCarthy/Getty Images It is possible to identify stocks with a good chance of outperforming market averages in the next bull market. These are the ones that are particularly sensitive to changes in overall stock market liquidity, … Read more
First Citizens Bancshares Inc., FCNCB 1.85% one of the nation’s largest regional banks, is buying big chunks of Silicon Valley Bank more than two weeks after the lender’s meltdown rocked the banking system. The Federal Deposit Insurance Corp. said First Citizens FCNCB 1.85% acquires all deposits, loans and branches of Silicon Valley Bank, which will … Read more
Text size US consumer and housing market data, as well as several notable earnings reports, will be the highlights this week. Barring any surprises, congressional testimony from federal financial regulators will be the main event on the banking front. On Wednesday, Fed Vice Chairman Michael Barr and Federal Deposit Insurance Corp. Chairman Martin Gruenberg are … Read more
Elon Musk said Twitter Inc. employees will receive shares based on a valuation of around $20 billion, less than half the $44 billion price for which he acquired the company. last year, according to an email reviewed by The Wall Street Journal. In the memo to staff, Mr Musk said he was optimistic about the … Read more
Text size As Fed Chairman Jerome Powell acknowledged on Wednesday, the latest rate hike will certainly slow the economy. Al Drago/Bloomberg Never underestimate the ability of the stock market to prioritize hope over experience. Hope would suggest that all will be well: the bank run that began with the collapse of Silicon Valley Bank is … Read more
Text size Ford electric trucks in front of the New York Stock Exchange on Thursday. Photo by Spencer Platt/Getty Images Ford engine finally gave investors a glimpse of the electric vehicle startup she was incubating inside her 119-year-old self. Although the stock’s decline suggests disappointment, there is more to love than the market is giving … Read more
Text size Ford electric trucks in front of the New York Stock Exchange on Thursday. Photo by Spencer Platt/Getty Images Ford engine finally gave investors a glimpse of the electric vehicle startup she was incubating inside her 119-year-old self. Although the stock’s decline suggests disappointment, there is more to love than the market is giving … Read more
Bank of the First Republic FRC -3.74% has paid family members of its founder, James Herbert, millions of dollars for work at the lender in recent years, including for interest rate and risk advisory services, according to public disclosures made by the bank as part of the annual deposits. The bank paid Mr. Herbert, who … Read more
