As inflation continues wreaking havoc on the U.S. economy, many consumers have pulled back on their spending. But there's one area that has remained relatively unchanged: Essential spending, like bac… [+3478 chars]
Shale producers Devon Energy (DVN) and Diamondback Energy (FANG) beat earnings predictions Monday, after both companies booked losses during market trading. The stocks continued to drop in extended t… [+11646 chars]
Electric heavy truck maker Nikola said Monday that it struck a $144 million deal to acquire battery pack supplier Romeo Power, giving the company control over a key part of its supply chain. The all… [+2317 chars]
Yes, that is a CryptoPunk pendant. Image: Tiffany & Co. For about $50,000 (30 Ethereum), CryptoPunk holders can get a handcrafted pendant modeled after their NFT (non-fungible token) from Tiffa… [+2827 chars]
What happened In a surprise announcement this morning, cruise line company Royal Caribbean (RCL -7.54%) -- which just finished reporting better-than-expected (but still unprofitable) financial resul… [+2878 chars]
Tesla has secured battery material supply deals with two large Chinese companies, according to new fillings. The move aims to ensure battery supply to support its electric vehicle production through … [+2559 chars]
The 2-year yield also gained to just above 2.9%, meaning the closely watched 2-year/10-year yield curve remains inverted, a situation often interpreted as a sign of impending recession. Wall Street … [+672 chars]
Advanced Micro Devices, Inc.AMD shares are trading higher by 2.99% to $97.30 Monday afternoon ahead of tomorrow's earnings report. According to analyst consensus estimates, Advanced Micro Devices is… [+526 chars]
Revlon, Inc. REV shares are trading higher following a Reuters report suggesting a US bankruptcy judge has given the company permission to proceed with a $1.4 billion loan. According to the report, … [+573 chars]
Intel CEO Pat Gelsinger has tasked his team with finding new cost savings as the chip giant tries to battle back from a challenging second quarter while also rebuilding the company for the future. "… [+3303 chars]
After suffering the worst first-half of the year since 1970, the S&P 500 finished its best month in two years in July, but top economist Mohamed El-Erian isn't calling a bottom just yet, suggesti… [+2780 chars]
PepsiCo announced Monday a $550 million investment in energy drink maker Celsius Holdings as part of a long-term distribution deal with the smaller company. Shares of Celsius closed up 11% on the ne… [+1852 chars]
