Carnival Stock Surges as Second-Quarter Revenue Rises Sharply

Carnival Stock Surges as Second-Quarter Revenue Rises Sharply

text size A large Carnival cruise ship docked at port in turquoise blue water. Dreamstine Shares of carnival were rising Friday after the cruise line posted second-quarter revenue that rose sharply from the first quarter of 2022. carnival (ticker: CLC ) reported a GAAP loss of $1.61 a share, wider than analysts’ estimates for a … Read more

Stocks Open Higher After S&P 500’s Worst Week in Two Years

Stocks Open Higher After S&P 500's Worst Week in Two Years

US stock futures climbed, offering investors a repossession from a recent stretch of whipsaw trading that had sent stocks and cryptocurrencies falling. Futures for the S&P 500 gained 1.6% on Tuesday, while those for the Dow Jones Industrial Average added 1.4%. Contracts for the Nasdaq-100 jumped 1.6%. The US stock market was closed Monday for … Read more

JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

JetBlue Airways Corp. JBLU 5.30% is continuing its quest to buy Spirit Airlines Inc., SAVE 2.11% increasing its offer and strengthening its commitment to divest itself of assets to get regulatory approval for the deal. JetBlue JBLU 5.30% on Monday increased its offer to $33.50 in cash per Spirit share. Previously, it had offered $31.50 … Read more

Bitcoin’s Price Falls Below $20,000

Bitcoin's Price Falls Below $20,000

The price of bitcoin has fallen below the key psychological level of $20,000 as a brutal selloff in cryptocurrencies deepened. Bitcoin fell momentarily to $18,739.50 and stayed below $20,000 on Saturday, according to CoinDesk, losing 72% of its value from its high in November. Concerns about the Federal Reserve’s actions to tame higher-than-expected inflation have … Read more

Stock Futures Falter as Post-Fed Rally Fades

Stock Futures Falter as Post-Fed Rally Fades

US stock futures and global indexes slumped, suggesting Wall Street’s post-Fed meeting rally isn’t set to last. Futures tied to the S&P 500 dropped 1.9% on Thursday, a day after the broad index rallied 1.5% to halt a five-day losing streak. Blue-chip Dow Jones Industrial Average Futures lost 1.5% while Nasdaq-100 futures fell 2.2%, putting … Read more

Celsius Is Crashing, and Crypto Investors Are Spooked

Celsius Is Crashing, and Crypto Investors Are Spooked

A few months ago, Mike Washburn’s cryptocurrency investment looked like a winner. Now he’s just hoping to get his money back. Mr. Washburn, a 35-year-old plumber in Otsego, Minn., had $100,000 in an account at Celsius Network LLC, one of the largest lenders in the cryptocurrency world. Recently widowed, Mr. Washburn said he and his … Read more

Elon Musk Expected to Reiterate Desire to Own Twitter in Meeting Thursday

Elon Musk Expected to Reiterate Desire to Own Twitter in Meeting Thursday

Elon Musk is expected to confirm his desire to own Twitter Inc. TWTR 2.07% when he speaks to the social-media company’s employees on Thursday, according to a person familiar with the matter. The billionaire Tesla Inc. chief executive is slated to answer pre-submitted employee questions for roughly an hour at a virtual Twitter all-hands meeting … Read more

Bitcoin Price Falls Toward $20,000 as Cryptocurrency Rout Deepens

Bitcoin Price Falls Toward $20,000 as Cryptocurrency Rout Deepens

Cryptocurrencies extended their slide Wednesday, with bitcoin on the verge of falling below $20,000 for the first time since December 2020. Bitcoin’s price fell as low as $20,111 in early US trading and was only marginally higher in the afternoon. Most recently, it was at $20,655, down 6.1% from Tuesday’s 5 pm ET price and … Read more

Crypto Legislation Could Undermine Market Regulations, Gensler Says

Crypto Legislation Could Undermine Market Regulations, Gensler Says

WASHINGTON—Securities and Exchange Commission Chairman Gary Gensler expressed concern Tuesday that efforts in Congress to write legislation for the cryptocurrency industry could compromise regulations that govern the broader capital markets. Asked about a bill introduced last week by Sens. Cynthia Lummis (R., Wyo.) and Kirsten Gillibrand (D., NY), Mr. Gensler initially demurred, saying he would … Read more

Bitcoin Price Dips Below $21,000 as Crypto Firms Announce Layoffs

Bitcoin Price Dips Below $21,000 as Crypto Firms Announce Layoffs

The price of bitcoin continued to fall Tuesday as the crypto industry struggles with fallout from the extended selloff. Bitcoin traded as low as $20,834 earlier on Tuesday, according to CoinDesk. The original cryptocurrency hasn’t traded under $20,000 since December 2020. For the day, bitcoin fell 5.4% to $21,991.89, its lowest close since Dec. 16, … Read more