Carvana (CVNA) stock surges on 2023 profit, analyst upgrades
Vehicles are seen on a display at a Carvana dealership on February 20, 2023 in Austin, Texas. Brandon Bell | Getty Images Carvana shares surged 30% Friday morning after posting its first-ever annual profit and receiving a pair of upgrades by Wall Street analysts. The used-car retailer has been trimming inventory and expenses as it […]
Two years after Ukraine invasion, the corporate fight against Russia continues
Two years after Russia launched its full-scale invasion of Ukraine, Kyiv’s efforts to defeat Moscow are being played out not just on the battlefield, but also in boardrooms around the world. Following its invasion and the imposition of U.S. and partners’ sanctions and other economic measures, Russia’s economy contracted by 2.1% in 2022, according to […]
Two years after Ukraine invasion, the corporate fight against Russia continues
Two years after Russia launched its full-scale invasion of Ukraine, Kyiv’s efforts to defeat Moscow are being played out not just on the battlefield, but also in boardrooms around the world. Following its invasion and the imposition of U.S. and partners’ sanctions and other economic measures, Russia’s economy contracted by 2.1% in 2022, according to […]
Warner Bros. Discovery (WBD) earnings Q4 2023
The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began their strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, U.S. May 2, 2023. Alyssa Pointer | Reuters Warner Bros. Discovery missed analyst targets for both profit and revenue in the fourth quarter but […]
Rivian and Lucid shares plunge after weak EV earnings reports
A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Justin Sullivan | Getty Images Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and stagnant production in their fourth-quarter earnings after the bell Wednesday. Rivian […]
Odysseus lander reaches moon, rockets Intuitive Machines’ stock up 37%
Intuitive Machines Inc. made history Thursday when the Houston-based space-exploration company’s Odysseus spacecraft became the first commercial lander to successfully reach the moon. The uncrewed Odysseus lander is also the first American spacecraft to reach the lunar surface since Apollo 17’s Challenger lunar module in December 1972. Intuitive Machines shares LUNR, -11.16% soared more than […]
How Wall Street reads IM-1 moon-fueled rally
Intuitive Machines’ Nova-C lander “Odysseus” deploys from the upper stage of SpaceX’s Falcon 9 rocket to begin the IM-1 mission. NASA TV Much like Intuitive Machines’ spacecraft, its stock has been flying to the moon the past week. In a little over a month since hitting all-time lows, and as its IM-1 mission made its […]
AT&T says its wireless network has been restored after service outage
AT&T Inc. said Thursday its cellular network has been restored, after widespread “wireless service interruptions” affected some of its customers earlier in the day, following user reports of outages. Tens of thousands of AT&T T, -2.41% users had flagged service disruptions on Downdetector shortly after 11 a.m. Eastern time. AT&T said it took “immediate action” […]
Intuitive Machines Odysseus lands on moon in historic NASA mission
The IM-1 lander “Odysseus” in lunar orbit on Feb. 21, 2024. Intuitive Machines A U.S. company has gone to the moon – and into the history books. Intuitive Machines IM-1 mission reached the moon’s surface on Thursday evening, in the first American lunar landing since the Apollo era. The company’s Nova-C cargo lander, named “Odysseus” […]
Capital One Discover acquisition has $1.4 billion breakup fee for another buyer
Capital One headquarters in McLean, Virginia on February 20, 2024. Brendan Smialowski | AFP | Getty Images Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with another buyer, but no such fee if U.S. regulators kill the deal, people with knowledge of the matter […]
