Here are some of the biggest movers in premarket trading Friday: Stock gainers: MongoDB Inc. shares MDB, +0.06% roared more than 25% higher in premarket trading Friday after the database-software company blew away expectations with its earnings and forecast delivered after Thursday’s closing bell. Shares of Lululemon Athletica Inc. LULU, -1.08% rallied nearly 15% after…
For many of us, the upcoming Memorial Day weekend is the unofficial start to the summer season. But we should never forget the true meaning of Memorial Day itself (Monday, May 29) — an occasion to honor those who died while serving their country. The national holiday traces its roots back to 1868, when a…
Traveling this Memorial Day Weekend? Put some deep breaths on your checklist. Americans should brace for jammed highways and long airport lines with more people projected to drive and fly this holiday weekend compared to last year, experts say. Gas is $1 cheaper than it was at the same point last year and airline passengers…
First-quarter earnings season is just about over for the S&P 500. Then again, with about 20% of the companies having fiscal quarters that don’t match the calendar, it seems the flow of earnings reports never ends. It might seem from media reports that the economy is always facing some sort of crisis, but you may…
U.S. shares of Taiwan Semiconductor Manufacturing Co. rode the wind behind Nvidia Corp.’s record revenue forecast to their best week in nearly a year and a half. TSM TSM, +2.24% shares rose 12% Thursday as Nvidia Corp.’s stock NVDA, +2.54% soared in response to news of a wave on expected sales of chips used for…
Kneel to your king Wall Street. After forecasting record revenue backed by a “killer AI app,” Nvidia helped deliver a powerful performance for the Nasdaq COMP, +1.71% on Thursday. Indeed, thanks to that chip maker and a few other generals — Microsoft, Apple, Alphabet, etc.— tech is seemingly unstoppable: Top contributors to S&P 500 year-to-date…
Americans want to travel this summer, but they’re stressed out about money. Luckily, experts say there are ways to find cheap flights — but it may require a bit of detective work. “All estimates show that it’s going to really be a busy summer,” Ben Ayers, a senior economist at Nationwide Economics, told MarketWatch. The…
The U.K.’s Competition and Markets Authority on Wednesday said it has provisionally found that Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada broke competition law by exchanging sensitive information on U.K. government bonds in one-to-one online chats. The regulator said the conversations in Bloomberg terminal chats and the alleged unlawful behavior took…
Shares of American Airlines Group Inc. and JetBlue Airways Corp. dropped late Friday after a U.S. judge sided with the Justice Department in a lawsuit aimed at undoing the airlines’ joint venture in airports in the Boston and the New York City areas. In separate statements, both JetBlue JBLU, -1.80% and American Airlines AAL, -1.53%…
Things move quickly in the world of artificial intelligence. It is easy to sit back and complain about developments that could be disruptive, but sometimes investors are best served by putting emotions aside and observing new developments and how they affect markets. Could AI developments and related trends make you a lot of money? Below…
Norfolk Southern NSC, +0.55% said Thursday it reached an agreement on providing paid sick leave with a union representing more than 3,300 of its employees. The Brotherhood of Locomotive Engineers and Trainmen’s members will get up to seven paid sick days per year, according to a statement. It provides them with an additional five days…
Deutsche Bank AG will pay $75 million to settle a proposed class-action lawsuit claiming it aided Jeffrey Epstein’s sex-trafficking ring, the Wall Street Journal reported Wednesday night. The suit was filed by lawyers on behalf of an anonymous victim and others who accused the financier, who died by suicide in federal lockup in 2019, of…
After six years of flying, U.S.-based flight attendant Allyah McIntyre was used to dealing with difficult passengers. During the earliest days of the coronavirus pandemic, dealing with the few passengers who chose to fly was actually a pleasant experience. But as more people began to book airline tickets again, chaos reigned, she said. “The passengers…
George Soros’s Soros Fund Management placed new bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc. During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX, +0.09%, according to a filing. The fund…
A royal party now, a taxpayer hangover later. That’s the price that must be paid for a once-in-a-lifetime event: King Charles III’s May 6 coronation that’s expected to top the record-breaking coronation of his mother, the late Queen Elizabeth II, though an incoming hoard of tourists may balance that out. While her late majesty’s 1953…
The students of the Nigerian Army College of Logistics and Management (NACOLM) embarked on an excursion to the British American Tobacco (BAT) Nigeria Factory, in Ibadan Oyo State. NACOLM’s visit to the $185 million State of the Art facility established in 2003, was part of efforts to enhance their learning on supply chain logistics…
Deutsche Lufthansa confirmed its forecasts for the year as it expects a strong summer travel season after booking higher revenue and narrower losses for the first quarter. The German carrier group XE:LHA on Wednesday posted revenue of 7.02 billion euros ($7.72 billion) for the three months to the end of March, up 40% on year…
Bed Bath and Beyond Inc., which filed for chapter 11 bankruptcy last month, has filed complaints against two ocean carriers, claiming that they abandoned their service commitments to the troubled home goods retailer. The Wall Street Journal first reported Tuesday that Bed Bath and Beyond BBBY filed a complaint with the Federal Maritime Commission alleging…
Travel prices are high and young Americans remain eager to vacation. Yet looming economic trends, like rising debt and layoffs, point to trouble ahead.
Shares of transportation stocks are lagging behind the broader U.S. stock market, reflecting rising investor concerns of a recession following weaker demand for goods, travel and materials, while underscoring how economic uncertainties could choke off a strong run for the transportation industry. The Dow Jones Transportation Average DJT, which tracks 20 U.S. transportation stocks from…