Morgan Stanley on market backside and tech shares, Nasdaq

Shares across the board rallied in July, with Nasdaq having recovered from previous falls. And Wall Street is debating whether the market has bottomed. Growth stocks like technology have generally tumbled this year due to currency tightening, recessions and other risks. And Morgan Stanley in an August 3 report warned that although the Nasdaq is … Read more

AMC Leisure ‘APE’ Most well-liked Inventory Dividend Plan. Share slip after earnings.

Font size Investors will receive one preferred share for each common share they own. Jeenah Moon / Bloomberg AMC Entertainment finally give “apes” what they want. The movie theater company has combined its second-quarter earnings report with the news that it is paying a special dividend to its AMC Preferred Share Units. AMC preferred stock … Read more

Virgin Galactic delays house tourism flights once more, till the second quarter of 2023

The aircraft carrier VMS Eve lifts off from Spaceport America in New Mexico, carrying the VSS Unity spacecraft on July 11, 2021. Virgin galaxy Space travel company Virgin galaxy on Thursday postponed the start of commercial flights for another three months, citing a delay in refurbishment work on the carrier’s aircraft carrier. Virgin Galactic announced … Read more

DoorDash, Past Meat, AMC, and many others

DoorDash signs are painted on a restaurant on the day they held their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies that hit the headlines after the bell: DoorDash – Shares of the food delivery company increased 12% after beat revenue. According to Refinitiv, DoorDash reported revenue of … Read more

Non-meat (BYND) Q2 2022 earnings

Vegetarian sausages from Beyond Meat Inc, maker of vegan burgers, are displayed for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Besides meat on Thursday lowered its revenue forecast for 2022 and announced it would cut its workforce by 4%, citing economic uncertainty. The El Segundo, California-based company also … Read more

Eli Lilly, Cigna, Restaurant Manufacturers and extra

Take a look at some of the biggest drivers in the currency markets: Eli Lilly (LLY) – The drugmaker’s stock fell 3.6% in money markets after it missed estimates with quarterly results and slashed its full-year forecast. Lilly’s performance for the quarter was impacted by falling insulin prices and falling sales of its Covid-19 treatment. … Read more

US weekly jobless claims rise to 260,000 forward of nonfarm payrolls report

A rental sign is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters The total number of initial unemployment insurance claims was 260,000 last week, near the highest level since November amid a shift in the US labor market. Totals for the week ended July 30 … Read more

Eli Lilly, Cigna, Restaurant Manufacturers and extra

Take a look at some of the biggest drivers in the currency markets: Eli Lilly (LLY) – The drugmaker’s stock fell 3.6% in money markets after it missed estimates with quarterly results and slashed its full-year forecast. Lilly’s performance for the quarter was impacted by falling insulin prices and falling sales of its Covid-19 treatment. … Read more

Restaurant Manufacturers Worldwide (QSR) Q2 2022 earnings

A sign hangs in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | beautiful pictures International restaurant brand on Thursday reported quarterly earnings and revenue that beat Wall Street’s expectations, boosted by growth in international sales at Burger King and a rebound in Tim Hortons’ Canadian locations. … Read more

Jim Cramer Says Congressional Spending Payments Might Exacerbate Inflation, However He is Nonetheless Upbeat

CNBC’s Jim Cramer on Wednesday said that two massive Congressional spending bills have him worried about the trajectory of inflation. “I’m still a bull – I’ve been feeling optimistic since June when I see commodities moving in the right direction. And I’m also very confident about wage inflation, if not Congress,” he said.Crazy money” said … Read more