Shares of Florida utility giant and renewable power developer NextEra Energy (NYSE: NEE) fell 5.5% on Tuesday. Although utilities are supposed to be a stable and somewhat “boring” sector, they have been anything but over the past year. In NextEra’s case, the stock swooned last year as long-term interest rates rose, but it recovered in […]
CAIRO (AP) — A boat carrying migrants sank off the coast of Yemen, leaving at least 49 dead and 140 missing, the U.N.’s International Organization for Migration said Tuesday. The boat was carrying some 260 Somalis and Ethiopians from the northern coast of Somalia on the 320-kilometer (200-mile) journey across the Gulf of Aden when […]
Shipwreck hunters have discovered the remains of a famous American submarine that sank with 79 crew on board while fighting a Japanese warship near the Philippines in 1944. According to the New York-based Lost 52 Project, which made the discovery, the wreck of USS Harder now lies on its keel on the bottom of the […]
Shares of semiconductor up-and-comer Marvell Technology (NASDAQ: MRVL) sank 10.5% on Friday. Thanks to its networking portfolio and custom ASIC (application-specific integrated chip) business, Marvell has seen bullish sentiment from investors recently. Some believe it will become a key player in the artificial intelligence (AI) race. However, the purely AI-related portion of Marvell’s business apparently […]
Shares of NextEra Energy Partners (NYSE: NEP) were plunging today, down 8.1% as of 2:45 p.m. ET. The company, which is a renewable energy master limited partnership, buys and holds cash-flowing solar, wind, and geothermal projects under long-term power purchase agreements (PPAs), then pays out most cash flow as distributions to unitholders. In recent days, […]
Advanced Micro Devices (NASDAQ: AMD) stock sank Wednesday following the company’s first-quarter earnings release. The semiconductor company’s share price ended the daily trading session down 9%, according to data from S&P Global Market Intelligence. AMD published its Q1 report Tuesday after the market closed, delivering sales and earnings for the period that came in slightly […]
Former Mueller prosecutor Andrew Weissmann on Tuesday said that the early testimony in former President Donald Trump’s hush-money criminal trial has been “so powerful” that the public should “recalibrate” how it views the case. Longtime former Trump fixer Michael Cohen has been poised to be a star witness in the case but the former president’s […]
Hard-line conservatives are turning up the heat on their GOP colleagues who voted Friday to kill a proposed warrant requirement for domestic communications caught up in foreign surveillance operations. That provision — offered as an amendment to a larger bill renewing a key section of the Foreign Intelligence Surveillance Act (FISA) — went down on the […]
The Titanic sank on April 15, 1912, but the wreck was not found until September 1, 1985. The story of the ship, its passengers, and life onboard still fascinates us today. One of the ship’s musicians wasn’t officially declared dead until 2000. The sinking of the Titanic on April 15, 1912, has captivated people for […]
Stock of JPMorgan Chase & Co. (NYSE: JPM) — America’s biggest bank both by revenue and by market cap — is tumbling on Friday, down 5.8% through 11:05 a.m. ET despite the bank reporting big beats on both revenue and earnings for its first quarter of fiscal 2024. Heading into the quarter, analysts had JPMorgan pegged […]
(Bloomberg) — Globe Life Inc. dropped by a record on Thursday, closing at the lowest level in eight years after a short-seller report that the company refuted. Most Read from Bloomberg Shares dropped 53% during regular hours trading in a frenzied sell-off that triggered multiple volatility halts through the day. The rout followed a critical […]
It seemed inevitable that Nvidia (NASDAQ: NVDA) stock wouldn’t keep up its torrid pace after more than tripling over the last year. The stock has finally begun to give back a small slice of those gains in recent weeks. That downturn extended today after Barron’s highlighted an analyst report that threw cold water on many […]