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 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
Text size Wall Street is not happy with the recent performance of Rivian or Rivian stocks. Justin Sullivan/Getty Images Rivian Automotive the stock trades much worse than most of its peers. Sales and products are not the problem. It is spending. The company needs a plan to control cash and improve investor sentiment. Wall Street … Read more
GameStop shares soared late in trading on Tuesday after the video game retailer reported a strong quarter. Jim Watson/AFP via Getty Images Text size GameStop announced a surprise fiscal fourth-quarter profit, sending the stock soaring late in trading on Tuesday. The company reported earnings of 16 cents per share, compared with a loss of 49 … Read more
Text size Nike stock rose 3.3% in after-hours trading on Tuesday. Scott Olson/Getty Images Nike beat third-quarter earnings expectations, sending the stock higher in after-hours trading. Nike (ticker: NKE) posted earnings of 79 cents per share, beating estimates of 56 cents per share, according to FactSet. Sales of $12.4 billion were up 14% from the … Read more
Text size First Republic shares closed down 47% in Monday trading. The stock is now down more than 90% so far in March. Eric Thayer/Bloomberg Shares of Bank of the First Republic are still in freefall even after the banking industry provided the lender with billions of dollars in cash. That money could be enough … Read more
Arrives within a week You’re here was a rotten credit rating at Moody’s, even though Tesla’s financial performance was much better by Moody’s own calculations. That changed Monday night after Moody’s upgraded its rating on the electric vehicle maker. Still, investors might wonder why the rating isn’t even higher. Elon Musk seems to be the … Read more