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

Hundreds of Southwest pilots picket in Dallas amid summer travel crunch

Hundreds of Southwest pilots picket in Dallas amid summer travel crunch

DALLAS — Hundreds of uniformed Southwest Airlines pilots stood in perfect lines in the scorching Texas sun at Dallas Love Field on Tuesday, holding signs that blamed Southwest management for delays and cancellations that have upset passengers. Every once in a while, a motorist would honk or yell encouragement. Most passengers made a beeline for … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Elon Musk joins the growing chorus fearing a US recession.  But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … 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

Tesla’s ‘strong competitive advantage’ earns stock an upgrade

Tesla's 'strong competitive advantage' earns stock an upgrade

Tesla Inc. is set up well in both the short term and the long run, according to an RBC Capital Markets analyst, who just turned bullish on the stock amid its “favorable” positioning. RBC’s Joseph Spak upgraded electric vehicle maker’s stock TSLA, -7.07% to outperform from sector perform late Sunday, writing of the company’s “more … Read more

Former Amazon Executive Dave Clark Named CEO at Flexport

Former Amazon Executive Dave Clark Named CEO at Flexport

Dave Clark, who led the sweeping logistics expansion at online retailer Amazon. com Inc., will become chief executive of Flexport Inc., the digital-focused freight forwarder that has emerged as one of the biggest in a stable of tech-forward shipping startups. Mr. Clark, who resigned last week as CEO of Amazon’s consumer business, will join Flexport … Read more

‘Boeing management is running around like headless chickens,’ Ryanair CEO says

'Boeing management is running around like headless chickens,' Ryanair CEO says

Michael O’Leary, chief executive of Ryanair Holdings Inc., tore into Boeing Co. during an earnings call Monday, blasting the plane-maker’s “very poor management” and calling for a shakeup at the top. “At the moment, we think Boeing management is running around like headless chickens, not able to sell aircraft, and then even the aircraft they … Read more