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Category: Industries


Enterprise, Industries

Fisker and Lordstown Motors slide as Goldman Sachs downgrades the stocks on electric-vehicle industry competition

April 22, 2021

Via: Markets Insider

Shares of Fisker and Lordstown Motors dropped Thursday after Goldman Sachs downgraded the ratings of both electric-vehicle makers. The firm cited increasing competition and concerns about product timing. Fisker was cut to sell from a neutral rating, and its 12-month […]


Industries, News, Others

Alaska to join Florida in suing the CDC for its ‘job-killing’ pause on the US cruise industry

April 21, 2021

Via: Markets Insider

Alaska Gov. Mike Dunleavy announced on April 20 that Alaska will be joining Florida in suing the US Centers for Disease Control and Prevention to bring cruising back. The CDC has maintained its pause on the cruise industry – via […]


Energy, Industries

It’s reasonable for oil prices to be $60 to $75 in a year’s time, says oil expert Dan Yergin

April 20, 2021

Via: CNBC

Demand and supply pressures will offset each other in the oil market, and it’s reasonable to expect prices to remain in its current range in one year’s time as countries recover from the coronavirus crisis, said oil expert Dan Yergin. […]


Industries, Retail & Wholesale

GameStop shares jump after CEO steps down, ‘Roaring Kitty’ raises stake

April 19, 2021

Via: CNBC

GameStop rallied on Monday after the brick-and-mortar video game retailer announced its succession plan as it seeks to pivot to e-commerce following a historic Reddit-fueled short squeeze earlier this year. Shares of GameStop jumped more than 8% to around $167 […]


Financial Services, Industries

Morgan Stanley tops earnings estimates on better-than-expected trading, investment banking results

April 16, 2021

Via: CNBC

Morgan Stanley reported Friday that first-quarter profit and revenue beat expectations on stronger-than-expected trading and investment banking results. The bank posted profit of $4.1 billion, or $2.19 a share, more than double the $1.7 billion earnings of the year-earlier period. […]


Financial Services, Industries

Bank of America tops estimates on Wall Street trading and banking, release of loan-loss reserves

April 15, 2021

Via: CNBC

Bank of America reported Thursday profit that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan-loss reserves as fewer consumers were expected to default on debts. The bank posted a first-quarter […]


Enterprise, Industries, Manufacturing

Daimler CEO expects ‘intense competition’ if Apple and Alibaba enter electric vehicle market

April 15, 2021

Via: CNBC

The chief executive of Germany’s Daimler believes the automaker will face stiff opposition from tech giants like Google, Apple and Alibaba if they decide to launch their own electric vehicles. While the tech giants are yet to start selling their […]


Energy, Industries

Oil could plummet to $10 by 2050 if Paris climate goals are achieved, energy consultancy says

April 15, 2021

Via: CNBC

The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting Paris Agreement goals, a consultancy said on Thursday. Energy research and consultancy Wood Mackenzie […]


Financial Services, Industries

Goldman Sachs reports record results that top the Street amid booming investment banking

April 14, 2021

Via: CNBC

Goldman Sachs on Wednesday blew past analysts’ expectations with record first-quarter net profits and revenues on strong performance from the firm’s investment banking and trading businesses. The bank posted per-share earnings of $18.60, crushing the $10.22 estimate of analysts surveyed […]


Industries, Manufacturing

The auto industry ‘has to move’ on electrification as consumers become more conscious, Nissan CEO says

April 14, 2021

Via: CNBC

Sustainability has made its way onto the dashboard of many company executives, and the money is set to follow — particularly in the electric vehicle space, if investment trends and research and development commitments are anything to go by. “ESG […]