Pipeline Outage forces airlines to find other ways of getting fuel
The cyberattack that forced the shutdown of the country’s largest refined fuel-products pipeline over the weekend has sparked some routing changes for American…
Day: May 11, 2021
‘It’s a big deal’ for America’s push to reopen, says NIH Director on Pfizer vaccine approval for adolescents
National Institutes of Health Director Dr. Francis Collins described the Food and Drug Administration’s emergency use authorization of Pfizer and BioNTech’s Covid vaccine for kids…
Cloud stocks plunge to six-month low as investors hasten rotation out of recent top performers
The rotation out of tech stocks continues to hammer cloud companies the hardest, as investors sell out of last year’s…
Citi downgrades Facebook and Google, says ad market expectations are too bullish
The growth trajectory for the online advertising market doesn’t appear to be strong enough to drive more gains for two…
Shares of The Trade Desk close down 26% after company reports earnings and upcoming stock split
Shares of ad tech company The Trade Desk closed down nearly 26% on Monday after the company reported first-quarter earnings and a 10-for-1 stock…
NTSB releases preliminary report on fatal Tesla crash in Spring, Texas
The National Transportation Safety Board, a federal agency that investigates accidents, has released records from a preliminary probe of a fatal Tesla…
Goldman says these are the biggest threats to the dominant 5 tech stocks
The so-called FAAMG stocks — Facebook, Apple, Amazon, Microsoft, and Google-parent Alphabet — have evolved into dominant juggernauts in the market, but Goldman Sachs is warning…
These cybersecurity stocks could benefit from the Colonial pipeline attack, says Goldman
The cyberattack that knocked a key U.S. gas pipeline offline should be another positive for the stocks in growing cybersecurity industry, Goldman…
More than 40 attorneys general ask Facebook to abandon plans to build Instagram for kids
Attorneys general from 44 states and territories urged Facebook to abandon its plans to create an Instagram service for kids under the…
Cloudflare seeing uptick in cyber incidents as hackers try ‘unleashing everything,’ CEO says
Cybersecurity provider Cloudflare has observed a significant rise in threats toward its customers in recent months, CEO Matthew Prince told CNBC on…
Roblox revenue grows 140% in first earnings report since company went public
Roblox shares rose as much as 5% in after-hours trading, following the release of the company’s first earnings report since it went…
Bitcoin’s biggest rival just hit a record high — here’s how to mine for ethereum
Bitcoin’s biggest rival, ether, blew past $4,000 on Monday to hit a new record high. The cryptocurrency is up more than 400%…
Tom Lee is worried about ‘FANG’ and tech, favors these three sectors now amid the reopening
Fundstrat’s Tom Lee tweaked his group of reopening “epicenter” sectors and is sounding the alarm about weakness in major tech…
SolarEdge’s slide offers a buying opportunity, Bank of America says in upgrade
Bank of America upgraded shares of SolarEdge Technologies to a buy rating on Monday, saying the stock’s post-earnings sell-off is overdone. Shares…
Ford names new F-150 electric pickup Lightning with plans to reveal it May 19
Ford Motor’s upcoming all-electric F-150 pickup truck will be called Lightning, a name used by the automaker for street performance trucks…
FDA permits use of the Pfizer-BioNTech Covid vaccine in kids ages 12 to 15
The Food and Drug Administration on Monday approved Pfizer and BioNTech’s request to allow their Covid-19 vaccine to be given to kids ages…
Investors are being driven out of the flashy stocks into ‘boring’ names as the economy grows, Jim Cramer says
Many stocks that were up in Monday’s session will continue winning, while those that declined will likely keep melting down,…
Tesla, GM and Visa among the ‘Memorial Day trade’ stocks to play, Jim Cramer says
With a holiday and the summer months on the horizon, CNBC’s Jim Cramer on Monday revealed a list of stocks…