Warner Bros. Discovery hypes free cash flow. Investors don’t buy it
The “Bobs” from the film Office Space Source: 20th Century Fox | YouTube Listening to Warner Bros. Discovery Chief Executive Officer David Zaslav speak on Friday’s fourth-quarter earnings calls, I couldn’t help but think of a scene in the movie “Office Space.” An employee named Tom meets with two consultants, both named Bob (together, The […]
Intuitive Machines stock (LUNR) jumps after Odysseus moon landing
Intuitive Machines’ Nova-C lunar lander on display at NASA’s Marshall Space Flight Center. NASA Shares of Intuitive Machines jumped 16% in trading Friday after the company’s successful first moon landing. Intuitive Machines’ Nova-C cargo moon lander known as “Odysseus” on Thursday became the first privately developed spacecraft to land on the lunar surface — as well as the first […]
H&R Block’s online tax prep tricked customers into paying more money, FTC claims
H&R Block made it too hard for taxpayers to opt out of pricier tax-preparation plans and tricked customers about what types of taxes could be done for free, according to allegations in a new complaint by federal regulators. The Federal Trade Commission said Friday that H&R Block’s HRB, +2.57% online filing process pressured users with […]
United Airlines raises checked bag fee $5, following American
United Airlines planes at Denver International Airport. Leslie Josephs | CNBC United Airlines is raising the price to check bags, becoming the latest carrier this year to hike a fee that generated more than $5 billion for airlines in the first nine months of 2023 alone. United economy passengers who book domestic tickets starting Feb. […]
Block’s stock shows new shine as it heads for best day in two years
Judging by the sharp rally in Block Inc. shares, you could say it was a blockbuster quarter for the Square and Cash App parent company. Block’s stock SQ, +19.31% was ahead nearly 20% in afternoon trading Friday and would log its best day in over 15 months — since it rose 26.1% on Feb. 25, […]
Carvana (CVNA) stock surges on 2023 profit, analyst upgrades
Vehicles are seen on a display at a Carvana dealership on February 20, 2023 in Austin, Texas. Brandon Bell | Getty Images Carvana shares surged 30% Friday morning after posting its first-ever annual profit and receiving a pair of upgrades by Wall Street analysts. The used-car retailer has been trimming inventory and expenses as it […]
Two years after Ukraine invasion, the corporate fight against Russia continues
Two years after Russia launched its full-scale invasion of Ukraine, Kyiv’s efforts to defeat Moscow are being played out not just on the battlefield, but also in boardrooms around the world. Following its invasion and the imposition of U.S. and partners’ sanctions and other economic measures, Russia’s economy contracted by 2.1% in 2022, according to […]
Two years after Ukraine invasion, the corporate fight against Russia continues
Two years after Russia launched its full-scale invasion of Ukraine, Kyiv’s efforts to defeat Moscow are being played out not just on the battlefield, but also in boardrooms around the world. Following its invasion and the imposition of U.S. and partners’ sanctions and other economic measures, Russia’s economy contracted by 2.1% in 2022, according to […]
Warner Bros. Discovery (WBD) earnings Q4 2023
The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began their strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, U.S. May 2, 2023. Alyssa Pointer | Reuters Warner Bros. Discovery missed analyst targets for both profit and revenue in the fourth quarter but […]
Rivian and Lucid shares plunge after weak EV earnings reports
A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Justin Sullivan | Getty Images Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and stagnant production in their fourth-quarter earnings after the bell Wednesday. Rivian […]
