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

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 lurched below $20,000, and below a level widely monitored by cryptocurrency enthusiasts, as a brutal selloff in crypto showed no signs of abating. Bitcoin fell as low as $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 … 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 Market Drops as Post-Fed Rally Fades

Stock Futures Falter as Post-Fed Rally Fades

The S&P 500 fell 2.7%, while the Dow Jones Industrial Average dropped 2.1%, or about 639 points. The tech-heavy Nasdaq Composite slumped 3.5%. Major indexes rallied Wednesday after the Federal Reserve raised its benchmark interest rate by 0.75 percentage point. It was the Fed’s largest rate increase since 1994 but lined up with investors’ expectations … 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

US Stocks Rise Ahead of Fed Rate Decision

US Stocks Rise Ahead of Fed Rate Decision

US stocks were higher Wednesday ahead of the Federal Reserve’s decision on interest rates, while European markets advanced after the European Central Bank said it would shield weaker economies from rising borrowing costs. The S&P 500 climbed 1.0% in morning trading. The Dow Jones Industrial Average added 232 points, or 0.7%, and the Nasdaq Composite … Read more

US Stocks Rise Ahead of Fed Rate Decision

US Stocks Rise Ahead of Fed Rate Decision

US stocks were higher Wednesday ahead of the Federal Reserve’s decision on interest rates, while European markets advanced after the European Central Bank said it would shield weaker economies from rising borrowing costs. The S&P 500 climbed 1.0% in morning trading. The Dow Jones Industrial Average added 232 points, or 0.7%, and the Nasdaq Composite … Read more