CNBC’s Jim Cramer on Wednesday explained why he thinks Boeing is a buy even though it posted a third-quarter loss of more than $6 billion, saying there simply aren’t many competitors who can manufacture aircraft at scale.”The worse Boeing’s financials might be, the better the buy, because as soon as this machinists strike is over and Boeing raises some money, it’ll be back on the road to profitability,” he said. “Do not get me wrong, this company is in awful shape — but only two companies on earth can make commercial aircraft at scale and Boeing is one of them.…
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Lorna Kapusta talks about how women are using their money and gives tips for women wanting to invest. Source link
Action was lively on the cryptocurrency market, but that wasn’t necessarily good news. A gloomy stock market and news — well, vibrant speculation — of a pending sell-off by a major corporate cryptocurrency holder put the hurt on altcoins Wednesday. A nervous market traded out of many of the better-known coins and tokens in that universe. Among the many decliners was Avalanche (AVAX -4.08%), which was off by almost 4% over the past 24 hours in late afternoon trading. Aptos (APT -4.68%) was also down by a similar percentage, while Chainlink (LINK -7.22%) had it worse with an almost 6%…
Tesla (TSLA) reported mixed third quarter results after the bell on Wednesday, but the stock jumped in after-hours trading as investors cheered the earnings beat, higher gross margins, and news that Tesla’s cheaper EV is on track for production next year. CEO Elon Musk also added on the earnings call that Tesla’s volume growth could be 20-30% next year. For the quarter, Tesla reported revenue of $25.18 billion vs. $25.4 billion per Bloomberg consensus, higher than the $25.05 billion it reported in Q2 and also topping the $23.40 billion Tesla reported a year ago. Tesla posted adjusted EPS of $0.72…
Toyota is redefining the future of clean energy with its portable hydrogen cartridges showcased recently at the Japan Mobility Bizweek 2024. This cutting-edge technology could change how we power vehicles and appliances simultaneously offering a quick and sustainable alternative to time-consuming electric vehicle (EV) charging. Let’s explore it. In March, Primearth EV Energy (PEVE) became fully owned by Toyota. On October 1, the company celebrated its new name, Toyota Battery, with a ceremony. President Masamichi Okada expressed his gratitude and promised to lead Toyota Group’s push toward electrification. He said, “It goes without saying that we will contribute to the…
Oct. 23, 2024 6:00 PM ETDTE, VRSN, VLO, LEA, UPS, SPGI, LUV, HOG, NOC, UNP, WNC, R, BC, FTI, AIT, BFH, NDAQ, VC, SAH, CNX, LH, WST, RES, DAR, HON, VLY, NTCT, ORI, LNN, RDUS, CBRE, RS, HAS, EEFT, CRS, TECK, TXT, POOL, ALKS, BCS, MSM, LKQ, AB, WEX, KKR, RCI, DOV, TSCO, FCNCA, NHYDY, ASPS, TAL, DASTY, ADT, TPH, AAL, ALLE, LADR, VIRT, MTLS, EQNR, KDP, GTX, DOW, CARRBy: Pranav Ghumatkar, SA News EditorMajor earnings expected before the bell on Thursday include: American Airlines Group (AAL) Dow (DOW) Southwest Airlines (LUV) United Parcel Service (UPS) Valero Energy (VLO) Other…
WESPORT, N.Y. (WCAX) – Amtrak is working to make train travel across New York safer, including upgrades to key train stations across the North Country. The Amtrak station in Westport, New York, as part of an effort to upgrade facilities on the Adirondack Train route.“Our hope is more riders that have a disability will now realize the ease of traveling by train,” said Amtrak’s Dave Handera. He says $3 million from the Infrastructure Jobs Act was put into the new upgrades, including a 120-foot platform, heated walkway, a new accessible wheelchair and handicapped parking spots.They are enhancements that benefit passengers…
Lando Norris is at a critical juncture in his Formula 1 career as he vies for the 2024 championship. Despite McLaren’s advancements, Norris missed crucial opportunities at the U.S. Grand Prix in Austin. To stay competitive, he must adopt certain aspects of Max Verstappen’s aggressive driving style, a trait that has consistently allowed Verstappen to prevail in tight, high-stakes situations. McLaren’s MCL38 has been one of the fastest and most adaptable cars on the 2024 grid, often competing with the likes of Red Bull, Ferrari, and Mercedes. However, McLaren’s dominance hasn’t been consistent across all races. While the car performed…
Neither Donald Trump nor Kamala Harris talks much about transportation on the campaign trail, but the winner will have a huge influence on federal transportation spending and policy, Yonah Freemark writes. The first Trump administration spent almost half one discretionary funding program on new road lanes, while the Biden administration has made equity and the environment its top priorities. (Bloomberg, Streetsblog USA) The rising cost of insurance contributes the financial burden of owning automobiles, with some families’ bills topping $20,000. (New York Times) The National Highway Traffic Safety Administration opened a new investigation into Tesla after a driver using its…
NEW YORK – Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE), known for its experiential entertainment services, has secured a strategic investment from Yellow (OTC:) River Global Capital. The investment, aimed at enhancing AGAE’s growth in entertainment content and location-based entertainment chains, includes a $6.6 million equity infusion and the appointment of a new board member. AGAE issued 6 million shares to Yellow River at a par value of $0.0001 per share, alongside a warrant for an additional 6 million shares at $1.80 each, a 50% premium over AGAE’s closing stock price on October 17, 2024. The deal also grants Yellow River…