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Monthly Archives: October 2018

Norwegian Air earnings Q3 2018

Simon Dawson | Bloomberg | Getty Images A Boeing Co. 737 passenger aircraft, operated by Norwegian Air Shuttle ASA Scandinavian carrier Norwegian Air reported slightly weaker-than-expected quarterly earnings Thursday, citing rising fuel costs, a strengthening dollar and stiff competition. The fast-growing budget airline posted 1.6 billion Norwegian crowns ($191 million) …

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Chinese spies are reportedly listening to Trump’s phone calls

Thomas Peter | Reuters China’s President Xi Jinping and U.S. President Donald Trump attend a state dinner at the Great Hall of the People in Beijing, China, November 9, 2017. Intelligence reports indicate that Chinese spies are listening in on President Donald Trump’s phone calls on his iPhone, The New …

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Musk says Tesla has a ‘first-class’ health clinic for employees

DAVID MCNEW | AFP | Getty Images Elon Musk speaks near a Falcon 9 rocket during his announcement that Japanese billionaire Yusaku Maezawa will be the first private passenger who will fly around the Moon aboard the SpaceX BFR launch vehicle. Tesla CEO Elon Musk briefly moved away from talking …

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Chip stocks suffer their biggest drop in nearly 10 years

It’s been a tough week for semiconductor-related stocks. Shares of chipmaker Advanced Micro Devices, or AMD, fell as much as 18 percent in extended trading Wednesday after the company reported third quarter revenue that missed Wall Street estimates. Also on Wednesday, Texas Instruments tumbled after disappointing quarterly earnings and lowered …

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Tesla will cpmpete with Uber and Lyft

Patrick T. Fallon | Bloomberg | Getty Images An employee cleans a Tesla Model 3 electric vehicle on display at the company’s showroom in Newport Beach, California, U.S., on Friday, July 6, 2018.Patrick T. Fallon/Bloomberg via Getty Images On a third-quarter earnings call, Tesla CEO Elon Musk said the company …

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Stocks making the biggest moves after hours: Tesla, CommScope and more

Stephen Lam | Reuters A parking lot of predominantly new Tesla Model 3 electric vehicles is seen in Richmond, California, U.S. June 22, 2018. Check out the companies making headlines after the bell: Tesla shares soared as much as 13 percent during after-hours trading as the company beat analysts estimates …

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Tesla cash position improves in Q3, to continue through Q4

Daniel Acker | Bloomberg | Getty Images Deepak Ahuja, Tesla CFO (left) and Elon Musk, Tesla founder and CEO (right), at the Nasdaq opening bell ceremony for the Tesla initial public offering on Tuesday, June 29, 2010. Tesla promised it would swing to profitability and positive free cash flow in …

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There’s only one sector in the stock market doing well right now

Ron Antonelli | Bloomberg | Getty Images A woman pushes a cart while shopping at a Costco Wholesale Corp. store in Hackensack, New Jersey.  The S&P 500 Consumer Staples index is up 2.6 percent this month, on pace for the fifth straight month of gains while both the Dow Jones …

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Microsoft earnings Q1 2019

Zach Gibson | Bloomberg | Getty Images Microsoft CEO Satya Nadella smiles at a meeting of the Economic Club of Washington in Washington, D.C., on Oct. 4, 2017. Microsoft will report fiscal first quarter earnings after market close on Wednesday. The company will hold a conference call to discuss the …

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Trump says attempted attacks on Democratic officials are ‘egregious’

Andrew Harrer | Bloomberg | Getty Images President Donald Trump speaks in the Oval Office of the White House, Washington, D.C. Oct. 17, 2018.  President Donald Trump on Wednesday condemned a series of suspected mail bombing attempts against Democratic officials, saying “threats of political violence of any kind have no …

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