Business
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These five synchronized assets are pointing to a ‘black swan event,’ says market veteran
Blame Elon Musk for the sour mood that’s shaping up for Thursday, as Tesla earnings gloom (see more below) appears to be having a pinball effect across several asset classes. Of course, the day is young, with lots more data and earnings to come, including some regional banks after the sector’s turmoil last month. Assets…
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AT&T earnings to show if the wireless subscriber party has kept roaring
The wireless industry has seen robust net additions over recent years, and Wall Street wants to know how long companies can keep up the strong growth. AT&T Inc.’s T, -0.61% Thursday morning earnings report could provide a hint of what to expect this year. Wall Street forecasts for the company’s first-quarter postpaid net additions span…
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Lululemon reportedly looking to sell Mirror, 3 years after buying it for $500 million
 Lululemon Athletica Inc. is looking to sell its Mirror in-home fitness business, according to reports Tuesday, three years after acquiring it for about $500 million. Bloomberg News reported Tuesday morning that Lululemon LULU, -0.64% was working with an adviser to solicit interest in the business. Later in the day, CNBC reported that Hydrow, a private…
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As the original Netflix dies, a new era of ads and password crackdowns is born
Netflix Inc. is finally killing the DVD-by-mail business that years ago made it one of the buzziest names on Wall Street, just as it reshapes itself with another new business model, one supported by ads and password crackdowns. As the two co-CEOs, Ted Sarandos and Greg Peters, had their first earnings interview without co-founder and…
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Netflix misses on subscriber growth and earnings forecast, but stock recovers on ad plans, password-sharing crackdown
Netflix Inc.’s stock initially plunged in after-hours trading Tuesday, after the streaming giant posted weaker subscriber growth and forecast a smaller profit than Wall Street expected. But shares later erased most of their losses on company disclosures that its new ad-supported service is a success and its crackdown on shared accounts in the U.S. is…
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ASML 1Q Sales EUR6.75B
By Kyle Morris ASML Holding NV said Wednesday that first-quarter net sales and gross margin beat guidance due to higher than expected extreme ultraviolet and deep ultraviolet revenue, but that net bookings dropped on quarter. The Dutch manufacturer of lithography systems for the semiconductor industry said that net income was 1.95 billion euros ($2.14 billion)…
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This space stock is taking off ?
  Here are our top investing ideas today – these setups look primed! Be the best prepared trader on the Street! AKA – Up over 28% in pre-market after earnings beat LUNR – Up over 33% in pre after announcing $719 million award from NASA BBBY – 2nd day play, trades up over 25% in…
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Heineken Backs 2023 Guidance After 1Q Pricing-Driven Revenue Growth
By Michael Susin Heineken NV backed its full-year guidance on Wednesday on the back of robust pricing and after reporting increased revenue for the first quarter. The Dutch brewer said that the outlook for 2023 remains unchanged, with adjusted operating profit–the company’s preferred metric, which strips out exceptional and other one-off items–expected to grow organically…
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Glencore willing to consider improvements to Teck Resources proposal
Glencore PLC GLEN, -1.10% said Wednesday that it would be prepared to consider improvements to its merger, demerger proposal for Teck Resources Ltd TECK, -1.13%. if its board were willing to engage with it, but would also be willing to go directly to its shareholders if not. The London-listed Anglo-Swiss commodity mining and trading company…
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4 ideas for travelers who want to reduce their carbon footprint
This article is reprinted by permission from NerdWallet. Travel, by nature, takes energy. Moving our bodies around the globe requires fuel, often in the form of carbon-emitting fossil fuels. Air travel generates 11% of total U.S. transportation emissions, according to a 2021 White House fact sheet. That’s a huge number, but it points to another…