Ahead of the fourth of July holiday weekend, travelers at Hartsfield-Jackson Atlanta International Airport on June 30, 2023, in Atlanta, Georgia, were faced with flight disruptions. Despite this, airline investors have remained unfazed. Between June 24 and July 2, U.S. airlines experienced delays in over 63,000 flights, accounting for 30% of their schedules. Additionally, over …
Last month, wind turbine manufacturer Siemens Gamesa experienced costly failures that had a negative impact on the shares of its parent company, Siemens Energy. This has raised concerns among analysts about potential problems in the wider wind industry. Siemens Energy CEO Christian Bruch admitted during a call with journalists that there were significant quality issues …
Witnessing the grand opening of Rivian’s new storefront in the Meatpacking District of Manhattan on June 23, 2023, is truly an electrifying experience. The presence of this electric truck maker has created a buzz in the city that never sleeps. Spencer Platt | Getty Images Discover the latest updates from top companies during midday trading. …
Displayed on a smartphone screen, the Tesla, Inc. logo captures attention in this photo illustration. Rafael Henrique | Lightrocket | Getty Images Discover the latest news from companies in premarket trading. Tesla saw a nearly 7% surge in its stock after exceeding Wall Street’s expectations for second-quarter delivery and production numbers. The company experienced an …
Japan has introduced a new stock index called the JPX Prime 150 Index to enhance corporate governance reforms and assist investors in identifying corporate value in the equity markets. It is a curated list of the top 150 constituent listings on the Tokyo Exchange, including major tech giants like Sony Group, Hitachi, Nintendo, and Warren …
The surge in e-commerce demand, port congestion, and limited airline capacity due to the pandemic have led to a record increase in air freight rates just before Christmas 2021. This situation has also created a profitable opportunity for the aerospace industry, specifically in converting passenger planes into cargo carriers. Cirium, an aviation data firm, reported …
An image of Warren Buffett at the Berkshire Hathaway Shopping Day, May 5, 2023. Yun Li | CNBC Renowned business tycoon Warren Buffett, known for his astute investment strategies, has showcased his whimsical side by acquiring companies that produce products he personally enjoys, such as Dairy Queen and See’s Candies. One of his recent acquisitions …
WisdomTree, in an attempt to stand out from its unsuccessful peers, is seeking to launch a spot bitcoin exchange-traded fund (ETF). Last week, the firm submitted an application to the U.S. Securities and Exchange Commission (SEC), marking its second attempt at a bitcoin ETF after being rejected two years ago. Jeremy Schwartz, the global chief …
The 2023 Apple Worldwide Developers Conference logo is displayed on a smartphone screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading Friday. Apple — Shares of the tech giant gained over 1%, pushing the company’s market capitalization above $3 trillion, a significant milestone first achieved in January …
A shopper exits a Nike store in Chicago’s bustling Magnificent Mile shopping district, proudly carrying a purchase. (Image credit: Scott Olson | Getty Images) Discover the most significant movers in premarket trading. Nike — Shares of the renowned sports apparel giant fell by nearly 3% after reporting an uncharacteristic earnings miss, breaking a streak of …