Markets

admin October 1, 2018

Ryanair could be headed for a rough landing this year. Europe’s leading low cost airline slashed its profit forecast for the current fiscal year to between €1.1 billion ($1.27 billion) and €1.2 billion ($1.39 billion). That’s about €150 million ($174 million) less than the company had expected. Ryanair (RYAAY) said that strikes and flight cancellations […]

admin October 1, 2018

Fox News has fired contributor Kevin Jackson for his tweets about Brett Kavanaugh’s accusers. Jackson used a pejorative to refer to the three women who have accused the Supreme Court nominee of inappropriate behavior. Jackson said Thursday on Twitter that the women were not to be believed, then referred to them using a demeaning word. […]

admin October 1, 2018

Analysts are telling Tesla investors to brace themselves. “If you buy or own Tesla stock, be prepared for a wild ride,” Autotrader analyst Michelle Krebs told CNNMoney. The Securities and Exchange Commission sued Elon Musk on Thursday for making “false and misleading” statements to investors in an August 7 tweet that said he had secured […]

admin September 30, 2018

BlackBerry’s transformation from struggling smartphone company into a burgeoning leader in cybersecurity software and connected cars is on track. The company now generates more than 90% of its total revenue from software and services. And 81% of those sales are recurring. In other words, BlackBerry is no longer subject to the fickle tastes of consumers […]

admin September 30, 2018

1. Back to business: The SEC is off Elon Musk’s back. Now he and Tesla can return to that other pesky problem — making and selling cars. Tesla will turn in a critical production report on Tuesday that will show investors whether the company can sustain and surpass its long-promised target of building 5,000 Model […]

admin September 30, 2018

JCPenney’s CEO left in May. Now its second in command is out too. Penney said Thursday that Jeffrey Davis, the company’s chief financial officer, was resigning 14 months after taking the job. Jerry Murray, a top executive, will take over as the interim finance chief. Davis’ departure marked another sign of trouble at JCPenney (JCP). […]

admin September 29, 2018

Sears stock has fallen into the bargain bin. In the latest indignity for a once-grand retailer, the share price fell below $1 on Friday for the first time in the company’s history, dropping as much as 15% to 85 cents in midday trading. Falling into loose-change territory is more than embarrassing. Nasdaq, the exchange where […]

admin September 29, 2018

It was one of the most terrifying moments of the financial crisis: The Dow plunged nearly 780 points on September 29, 2008 — a 7% wipeout — after the House voted against a bailout of the nation’s biggest banks. And many investors simply never came back. The market plunge following the rejection of the bailout […]

admin September 29, 2018

Can Tesla navigate through its many controversies and still meet its sales targets? We’re about to find out. Early next week Tesla will report how many cars it made in the third quarter and how many it was actually able to deliver to customers. Three months ago, investors and Tesla fans waited to see if […]