United Airlines reported third-quarter results on Wednesday that missed the Street’s estimates. The airline’s passenger revenue was down 84% year-over-year. Meanwhile, daily cash burn fell to $25 million on an average in Q3, from $40 million in Q2. Emily McCormick breaks down the company’s financial results on The Final Round. …read more […]
Many commodities have supply-and-demand surpluses and shortages.
Nickel is no exception.
It’s the fifth-most-common element on Earth. It occurs naturally in the form of oxides, sulfides and silicate minerals.
Nickel has many key roles in the industrial world. It has high strength, is corrosion resistant, is highly pliable, and has good thermal and electrical conductivity.
Stainless steel production accounts for two-thirds of all nickel use, but the metal has many other applications.
Today, battery manufacturing accounts for only 2% of all nickel produced. But that is about to change.
Electric vehicle manufacturers are beginning to replace the cobalt in their batteries with nickel.
Cobalt is rare and …read more […]
“We’re ready to turn the page on seven months that have been dedicated to developing and implementing extraordinary and often painful measures, like furloughing 13,000 team members, to survive the worst financial crisis in aviation history,” said United CEO Scott Kirby. Chicago-based United said its daily cash burn slowed to an average $25 million in the quarter ended September from $40 million in the second quarter, and included $4 million per day in severance and debt payments. United furloughed thousands of employees this month as a second round of payroll relief from Washington has so far failed to materialize, but …read more […]
Apple has debuted its all-new iPhone 12 with 5G technology. But 5G networks and apps still aren’t ready for showtime. …read more […]
Yahoo Finance’s Akiko Fujita and Emily McCormick discuss outlook for United Airlines, which is set to report quarterly earnings after the bell today. …read more […]
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to… …read more […]
As artificial intelligence and 5G technologies expand into more and more niches, and pick up more customers and users, the demand for semiconductor chips is growing – and the chip industry has proven resilient in the face of coronavirus and a general economic turndown. The iShares PHLX Semiconductor ETF (SOXX) is up 32% year-to-date, beating the S&P 500’s 8% gain.The strength of the chip industry has attracted notice from some of Wall Street’s top stock analysts. These analysts aren’t just looking at the big names in the chip industry; the less well-known, mid-cap companies have also been sparking analyst interest. …read more […]
(Bloomberg) — America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.“It’s just going to be too difficult to replace the 2 million barrels a day of production that we’ve lost, and then to further grow beyond that,” Chief Executive Officer Vicki Hollub said Wednesday at the Energy Intelligence Forum. “Over the next three to four years there’s going to be moderate restoration of production, but not at high growth.”Occidental is one of the biggest producers in the U.S. shale …read more […]
The Department of Labor is set to release its weekly report on unemployment insurance claims Thursday at 8:30 a.m. ET. …read more […]
Apple’s marketing team is leading with something other than a “better camera” this year with 5G in play. But Apple’s still sticking with its photo-first approach, just differently this time. …read more […]
Lawmakers are setting the stock market up for failure soon, says Wall Street pros. …read more […]
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]
(Bloomberg) — Volkswagen AG’s heavy-truck division set a deadline for Navistar International Corp. to accept its takeover bid, dousing hopes for a richer offer than the $3.6 billion dangled last month.VW’s Traton SE unit said that its $43-a-share offer expires at 6 p.m. Central European Time on Friday and will be withdrawn unless it’s notified of a willingness to proceed. Navistar signaled last month it would seek a higher bid than what Traton offered.The price “represents our best and final offer,” Traton said in a letter to Navistar’s board of directors. Navistar shares plunged as much as 21% to $35, …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
