Investors were expecting a disastrous quarter from Boeing and they were not disappointed. Boeing, the world’s largest aircraft manufacturer, net profit fell 21% in the first quarter. The worsening of economic results is largely due to the crisis around the…
Verizon Raises Profit Forecast, Loses More Wireless Phone Customers
Verizon Communications Inc today raised its 2019 profit forecast and beat Wall Street estimates for quarterly profit as it focuses on cost cuts and manage monstrous debt, but the U.S. based wireless carrier lost more phone subscribers than analysts had…
Lockheed Martin, United Technologies Beat Analysts’ Expectations
The aerospace giant Lockheed Martin shares have improved by 6% after quarterly results have been released, surpassing analysts’ expectations. Lockheed Martin posted first quarter earnings of $5.99 per share, up 49% y/y. Lockheed Martin also updates the 2019 financial results…
Halliburton Beat Analysts’ Expectations, Future Doomed Because New Tech
Halliburton Co. (ticker: HAL) showed a year-on-year increase in net profit for the first quarter, but adjusted earnings fell as expected. Net income rose to $152 million, or 17 cents a share, from $46 million, or 5 cents a share,…
EV Hype Escalates Into an Absurd Price Bubble
Electric rebuild of Ford Bronco revealed with shocking price. Not built just by Ford, which has an all-new version on the production line next year, but assembled by Zero Labs, a startup niche builder based in Los Angeles that’s turned the…
IPO Mania Sent Uber and Lyft Fares Skyrocketing, While Driver Pay Plummets
As Uber and Lyft look to IPOs to let their investors, who have been subsidizing 40-50% of every ride, redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and…
The National Enquirer sold for $100 million to James Cohen
American Media Inc. sold the National Enquirer for $100 million to James Cohen, CEO of Hudson News. The notorious tabloid, along with two sister periodics, has a new owner – the head of the travel retailer known for its airport newsstands….
New York Auto Show: Hyundai New Sonata and Venue Debuting Today
2020 Hyundai Sonata marks another selling hit for the Korean automaker. It’s a striking design that stands out as one of the most attractive in its segment. It’s one of the best looking mainstream sedans to reach production since the…
Nissan, Ford and Daimler Led March European Car Sales Decline
European car registrations fell 3.6% in March, the Automobile Manufacturers Association, known by its acronym in French, ACEA said today, with Nissan, Ford, Daimler and Alfa Romeo showing some of the biggest sales declines. Registrations in the EU and European…
Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%
For high-end analysts, cardboard demand is one of secret indicator. The cardboard industry is an oligopoly, with a few producers making most of the boxes and International Paper is the leading producer of containerboard globally. A limited number of competitors is…
Acceleration of charged particles to extremely large energies by a sub-Dreicer electric field
Scientists R.S. Marshall and P.M. Bellan published their latest scientific findings about: Acceleration of charged particles to extremely large energies by a sub-Dreicer electric field. Acceleration of a fraction of initially low-energy electrons in a cold, collisional plasma to energies orders…
EU Refiners Turn to Ural Crude as US Unleashed More Sanctions on Venezuela
European refiners switched to expensive Russian sour Urals crude after US sanctions hit Venezuela’s similar-grade exports. Experts said that even though US crude output is increasing and exports are due to soar later this year, it is not an alternative because American…
The 30 Billion Supplements Sector Has a Problem: Food Supplements Don’t Work
A 10-year observation study of over 30,000 people has found that some vitamins and minerals can help you avoid cardiovascular disease, but only if your body gets your beneficial nutrients from food, not from food supplements. The study, published this…
Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant
Tesla shares fall almost 5% on the stunning news that its relationship with Panasonic could be on the rocks. Panasonic is freezing plans to expand the capacity of Tesla’s Gigafactory 1 at the very same time that demand questions are starting…
Chevron Buys Anadarko Petroleum for $33 Billion in Cash and Shares
Oil giant Chevron buys a major company in the oil and gas exploration and drilling sector Anadarko Petroleum for $33 billion. Chevron pays a combination of cash and shares. The acquisition valued Anadarko Petroleum at $65 for one share. Chevron’s…