Stocks making the biggest moves midday: Korn Ferry, Beyond Meat, Advanced Micro Devices & more

Check out the companies making headlines midday Friday:Korn Ferry — Shares of Korn Ferry sank more than 17% on disappointing fourth-quarter results. Advanced Micro Devices tumbled more than 3%, while Xilinx and Nvidia also fell 2.2% and 1.5%, respectivelyBeyond Meat — Shares of Beyond Meat tumbled more than 8%. Delta Air Lines — Delta Air Lines’ stock rose slightly after the airline company bought a 4.3% stake in Hanjin Kal, the parent company of Korean Air. Chevron — Shares of Chevron rose 0.57


Check out the companies making headlines midday Friday:Korn Ferry — Shares of Korn Ferry sank more than 17% on disappointing fourth-quarter results. Advanced Micro Devices tumbled more than 3%, while Xilinx and Nvidia also fell 2.2% and 1.5%, respectivelyBeyond Meat — Shares of Beyond Meat tumbled more than 8%. Delta Air Lines — Delta Air Lines’ stock rose slightly after the airline company bought a 4.3% stake in Hanjin Kal, the parent company of Korean Air. Chevron — Shares of Chevron rose 0.57
Stocks making the biggest moves midday: Korn Ferry, Beyond Meat, Advanced Micro Devices & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: yun li
Keywords: news, cnbc, companies, biggest, company, moves, shares, air, phillips, stock, making, korn, midday, devices, meat, rose, chevron, slightly, ferry, stocks, sales, micro


Stocks making the biggest moves midday: Korn Ferry, Beyond Meat, Advanced Micro Devices & more

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE).

Check out the companies making headlines midday Friday:

Korn Ferry — Shares of Korn Ferry sank more than 17% on disappointing fourth-quarter results. The consulting firm reported a revenue of $491 million, below the $500 million Wall Street had expected, according to Refinitiv. The company also dialed back its first-quarter guidance. Its earnings slightly beat estimates.

Kroger — Shares of Kroger dipped nearly 4% after the supermarket chain reported quarterly results that underwhelmed investors. While Kroger’s fiscal first-quarter earnings and sales both beat analysts’ expectations slightly, revenue fell 1.2% to $37.25 billion and same-store sales were flat in the quarter. The company also kept its full-year profit forecast.

Advanced Micro Devices, Nvidia, Xilinx — Shares of semiconductors dropped after the Commerce Department barred five more Chinese entities from buying U.S. components after blacklisting telecom giant Huawei last month. Advanced Micro Devices tumbled more than 3%, while Xilinx and Nvidia also fell 2.2% and 1.5%, respectively

Beyond Meat — Shares of Beyond Meat tumbled more than 8%. Tyson Foods is reportedly ramping up its marketing spending to make a push into the alternative meat market. Also Shake Shack CEO told CNBC Friday that the fast food chain has no intention of adding Beyond Meat to menu right now. Beyond Meat’s stock has had a wild run, surging about 500% from its $25 IPO price to about $152 on Friday. The stock touched $200 a share on Tuesday, hitting a market cap of nearly $10 billion.

UnitedHealth Group — Shares of UnitedHealth Group rose more than 1.8% following a report by the Wall Street Journal that the health insurer has agreed to acquire health-payments firm Equian for about $3.2 billion. Equian is currently owned by private-equity firm New Mountain Capital.

Delta Air Lines — Delta Air Lines’ stock rose slightly after the airline company bought a 4.3% stake in Hanjin Kal, the parent company of Korean Air. Delta said it plans to increase the stake to 10%. The move is an expansion of Delta’s business in Asia after its joint venture with Korean Air which started last year.

Micron Technology — Shares of Micron fell 2.6% after J.P. Morgan cut its year-end price target for the chipmaker to $50 from $64. The bank expects the U.S. restrictions on Chinese telecom giant Huawei would have a negative impact on Micron because Huawei is a major customer, accounting for 13% of its sales in the first half of 2019.

Chevron — Shares of Chevron rose 0.57% after Chevron Phillips Chemical, a joint venture of Chevron and Phillips 66, made a $15 billion acquisition offer for Nova Chemicals, which is currently owned by Abu dhabi’s sovereign wealth fund Mubadala Investment. The acquisition would give Chevron Phillips Chemical the opportunity to expand as Nova Chemicals’s expandable polystyrene and resins are used in various industries from construction to packaging.

— CNBC’s Marc Rod, Elizabeth Myong, Mallika Mitra and Jesse Pound contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: yun li
Keywords: news, cnbc, companies, biggest, company, moves, shares, air, phillips, stock, making, korn, midday, devices, meat, rose, chevron, slightly, ferry, stocks, sales, micro


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Dow futures sharply higher after Federal Reserve raises rate cut hopes

U.S. stock index futures were sharply higher Thursday morning, after the Federal Reserve signaled possible interest rate cuts later this year. ET, Dow futures rose 115 points, indicating a positive open of more than 130 points. Futures on the S&P and Nasdaq were both seen slightly higher. Market focus is largely attuned to monetary policy settings, after the Fed signaled interest rate cuts beginning as early as July. Canopy Growth and Red Hat are expected to release their latest earnings after m


U.S. stock index futures were sharply higher Thursday morning, after the Federal Reserve signaled possible interest rate cuts later this year. ET, Dow futures rose 115 points, indicating a positive open of more than 130 points. Futures on the S&P and Nasdaq were both seen slightly higher. Market focus is largely attuned to monetary policy settings, after the Fed signaled interest rate cuts beginning as early as July. Canopy Growth and Red Hat are expected to release their latest earnings after m
Dow futures sharply higher after Federal Reserve raises rate cut hopes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: sam meredith
Keywords: news, cnbc, companies, higher, futures, reserve, raises, yield, rate, cut, hopes, points, sharply, fed, federal, stock, signaled, market, latest, dow, slightly


Dow futures sharply higher after Federal Reserve raises rate cut hopes

U.S. stock index futures were sharply higher Thursday morning, after the Federal Reserve signaled possible interest rate cuts later this year.

At around 02:40 a.m. ET, Dow futures rose 115 points, indicating a positive open of more than 130 points. Futures on the S&P and Nasdaq were both seen slightly higher.

Market focus is largely attuned to monetary policy settings, after the Fed signaled interest rate cuts beginning as early as July.

Policymakers at the Fed said Wednesday that they would stand ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation.

Most Fed policymakers slashed their rate outlook for the rest of the calendar year by approximately half a percentage point in the previous session, while Chairman Jerome Powell said others agree the case for lower rates is building.

Many market participants viewed the overall tone from the U.S. central bank as more dovish-than-expected, with the U.S. benchmark 10-year Treasury yield falling to 1.974% — its lowest level since November 2016. The yield stood at 2.8% in January.

On the data front, investors are likely to monitor the latest weekly jobless claims figures, first-quarter current account data and the Philadelphia Fed manufacturing survey for June at around 8:30 a.m. ET. Leading index figures for May will follow slightly later in the session.

In corporate news, Darden Restaurants, Kroger and Commercial Metals are among some of the companies scheduled to report their latest quarterly results before the opening bell.

Canopy Growth and Red Hat are expected to release their latest earnings after market close.


Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: sam meredith
Keywords: news, cnbc, companies, higher, futures, reserve, raises, yield, rate, cut, hopes, points, sharply, fed, federal, stock, signaled, market, latest, dow, slightly


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Dow futures rise as oil prices surge on tanker incident in the Gulf of Oman

U.S. stock index futures were slightly higher Thursday, after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods. Oil prices pared some of their recent losses on Thursday, following a sharp sell-off in the previous session. Crude futures tumbled as much as 4% on Wednesday, slipping to near five-month lows amid continued increases in U.S. crude stockpiles and concerns about lower demand growth. Oil prices rebounded more than 2% Thursday m


U.S. stock index futures were slightly higher Thursday, after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods. Oil prices pared some of their recent losses on Thursday, following a sharp sell-off in the previous session. Crude futures tumbled as much as 4% on Wednesday, slipping to near five-month lows amid continued increases in U.S. crude stockpiles and concerns about lower demand growth. Oil prices rebounded more than 2% Thursday m
Dow futures rise as oil prices surge on tanker incident in the Gulf of Oman Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: sam meredith
Keywords: news, cnbc, companies, amid, oman, crude, surge, latest, dow, tanker, rise, gulf, morning, prices, oil, trade, recent, incident, futures, tariffs, slightly


Dow futures rise as oil prices surge on tanker incident in the Gulf of Oman

U.S. stock index futures were slightly higher Thursday, after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods.

Around 6 a.m. ET, Dow futures indicated a positive open of more than 60 points. Futures on the S&P and Nasdaq were both seen slightly higher.

Oil prices pared some of their recent losses on Thursday, following a sharp sell-off in the previous session. Crude futures tumbled as much as 4% on Wednesday, slipping to near five-month lows amid continued increases in U.S. crude stockpiles and concerns about lower demand growth.

Oil prices rebounded more than 2% Thursday morning amid reports of a tanker incident in the Gulf of Oman.

International benchmark Brent crude traded at around $61.58 during early morning deals, up nearly 3%, while U.S. West Texas Intermediate (WTI) stood at $52.38, up more than 2%.

On the data front, import prices for May and the latest weekly jobless claims figures will both be released at around 8:30 a.m. ET.

Broadcom is expected to report its latest quarterly earnings results after market close.

Market focus is largely attuned to global trade developments, amid intensifying tensions between the world’s two largest economies.

Expectations that trade officials from the U.S. and China will clinch a deal on the side-lines of a G20 meeting in Osaka on June 28-29 have been fading in recent days.

Trump, who has said he still has plans to meet with Xi later this month, has repeatedly threatened to escalate an already months-long trade war by putting tariffs on almost all of the remaining Chinese imports that are not already impacted by U.S. charges.

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: sam meredith
Keywords: news, cnbc, companies, amid, oman, crude, surge, latest, dow, tanker, rise, gulf, morning, prices, oil, trade, recent, incident, futures, tariffs, slightly


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Dow futures slightly higher despite Trump’s warning on China tariffs

U.S. stock index futures were slightly higher Tuesday morning despite comments from President Donald Trump on trade war with China. ET, Dow futures rose 45 points, indicating a positive open of more than 59 points. Futures of S&P and Nasdaq were also seen slightly higher. President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, there will be additional duties on Chinese goods. This would take effect immediately.


U.S. stock index futures were slightly higher Tuesday morning despite comments from President Donald Trump on trade war with China. ET, Dow futures rose 45 points, indicating a positive open of more than 59 points. Futures of S&P and Nasdaq were also seen slightly higher. President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, there will be additional duties on Chinese goods. This would take effect immediately.
Dow futures slightly higher despite Trump’s warning on China tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: silvia amaro
Keywords: news, cnbc, companies, futures, donald, trumps, trump, chinese, china, xi, warning, war, higher, points, dow, despite, slightly, president, tariffs, trade


Dow futures slightly higher despite Trump's warning on China tariffs

U.S. stock index futures were slightly higher Tuesday morning despite comments from President Donald Trump on trade war with China.

At around 01:36 a.m. ET, Dow futures rose 45 points, indicating a positive open of more than 59 points. Futures of S&P and Nasdaq were also seen slightly higher.

President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, there will be additional duties on Chinese goods. This would take effect immediately.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: silvia amaro
Keywords: news, cnbc, companies, futures, donald, trumps, trump, chinese, china, xi, warning, war, higher, points, dow, despite, slightly, president, tariffs, trade


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Gold dips slightly on profit booking, US-China trade optimism

Gold prices dipped slightly on Tuesday as investors booked profits following robust gains over the past weeks, while rising hopes of a trade deal between China and the United States lifted equities. Spot gold dipped slightly to $1,327.41 per ounce. Global Investors, adding that strong gains last week prompted some profit booking. Lower interest rates reduce the opportunity cost of holding nonyielding bullion and weigh on the dollar. “I dont think it (gold prices) has the fundamentals to move muc


Gold prices dipped slightly on Tuesday as investors booked profits following robust gains over the past weeks, while rising hopes of a trade deal between China and the United States lifted equities. Spot gold dipped slightly to $1,327.41 per ounce. Global Investors, adding that strong gains last week prompted some profit booking. Lower interest rates reduce the opportunity cost of holding nonyielding bullion and weigh on the dollar. “I dont think it (gold prices) has the fundamentals to move muc
Gold dips slightly on profit booking, US-China trade optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11
Keywords: news, cnbc, companies, uschina, tariffs, optimism, rates, gold, gains, prices, trade, president, slightly, profit, investors, ounce, booking, interest, dips


Gold dips slightly on profit booking, US-China trade optimism

Gold prices dipped slightly on Tuesday as investors booked profits following robust gains over the past weeks, while rising hopes of a trade deal between China and the United States lifted equities.

However, increasing expectations the U.S. Federal Reserve would proceed with an interest rate cut this year pressured the dollar, supporting bullion rates.

Spot gold dipped slightly to $1,327.41 per ounce. Prices had hit a 14-month high of $1,348.08 on June 7.

U.S. gold futures settled 0.1% higher at $1,328.50 per ounce.

With fears easing that the United States would impose trade tariffs with Mexico, investors are now optimistic that U.S. President Donald Trump could shelve threats to impose more tariffs on China as well. He is expected to meet with President Xi Jingping at a Group of 20 summit on June 28-29.

“People think there is going to be a sort-of resolution at the end of this month with tariffs when President Trump meets with Xi,” said Michael Matousek, head trader at U.S. Global Investors, adding that strong gains last week prompted some profit booking.

The trade dispute between Beijing and Washington has toppled markets since its inception more than a year ago and raised concerns of a global economic slowdown, prompting central banks around the world to keep a hold on interest rates.

“The rhetoric around Fed rates cut is weakening the dollar, which will help drive gold,” Matousek said. Lower interest rates reduce the opportunity cost of holding nonyielding bullion and weigh on the dollar.

Investors now see the U.S. Federal Reserve cutting rates as well, with Fed fund futures now pricing in more than two 25-basis point rate cuts by year-end.

Markets await consumer price index data on Wednesday, closely watched by the Fed as an inflation indicator, and Retail sales on Friday for indication on whether tariffs are slowing the economy.

“Stronger equity markets has drawn money away from gold,” said Rob Lutts, chief investment officer at Cabot Wealth Management. “I dont think it (gold prices) has the fundamentals to move much higher. It has exhausted its run right here.”

Other precious metals did not resonate with bullion’s move, with silver up 0.6% at $14.75 per ounce and platinum gaining nearly 1% to $809.50 per ounce.

Among other precious metals, palladium extended gains for a fourth straight session, climbing 0.9% to a six-week high at $1,395.01 per ounce.


Company: cnbc, Activity: cnbc, Date: 2019-06-11
Keywords: news, cnbc, companies, uschina, tariffs, optimism, rates, gold, gains, prices, trade, president, slightly, profit, investors, ounce, booking, interest, dips


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A private survey shows China’s manufacturing activity for May was slightly higher than expected

A private survey of China’s factory sector showed on Monday that manufacturing activity was slightly better than expected in May. The PMI reading for April was 50.2. Last week, China’s official manufacturing PMI for May came in at 49.4, lower than the 49.9 economists polled by Reuters had forecast. “The stronger rise in overall new business supported a renewed expansion in buying activity among Chinese manufacturing firms. The official PMI survey typically polls a large proportion of big busines


A private survey of China’s factory sector showed on Monday that manufacturing activity was slightly better than expected in May. The PMI reading for April was 50.2. Last week, China’s official manufacturing PMI for May came in at 49.4, lower than the 49.9 economists polled by Reuters had forecast. “The stronger rise in overall new business supported a renewed expansion in buying activity among Chinese manufacturing firms. The official PMI survey typically polls a large proportion of big busines
A private survey shows China’s manufacturing activity for May was slightly higher than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: yen nee lee huileng tan, yen nee lee, huileng tan
Keywords: news, cnbc, companies, reading, manufacturing, private, expected, chinese, slightly, activity, chinas, shows, pmi, indicator, survey, data, economic, higher, official


A private survey shows China's manufacturing activity for May was slightly higher than expected

A private survey of China’s factory sector showed on Monday that manufacturing activity was slightly better than expected in May.

The Caixin/Markit factory Purchasing Managers’ Index for May was 50.2. Analysts polled by Reuters had expected the indicator to come in at 50. The PMI reading for April was 50.2.

PMI readings above 50 indicate expansion, while those below that signal contraction.

Last week, China’s official manufacturing PMI for May came in at 49.4, lower than the 49.9 economists polled by Reuters had forecast. It was lower than April’s reading of 50.1. The official non-manufacturing PMI for May was 54.3 — unchanged from April.

Growth of new orders grew in May, and the rate of new business growth quickened slightly in the last month, Caixin said in a statement on Monday.

“The stronger rise in overall new business supported a renewed expansion in buying activity among Chinese manufacturing firms. Though only slight, it was the first time that purchasing activity had increased for five months,” the statement added.

Despite the steady reading that was still in expansionary territory, business confidence slipped to the lowest level since the survey series began in April 2012.

That was “amid concerns of an escalating China-US trade war and forecasts of relatively subdued global demand,” the satement added.

Analysts had warned that the official PMI data show that growth in China remains under pressure, despite earlier optimism that Chinese officials managed to stabilize the world’s second-largest economy.

Before the release of the Caixin indicator, an economist from Mizuho Bank said the data “will not supplant the overall sense of economic pessimism” even if it turns out “unexpectedly resilient.”

“Our best guess is that despondency will build up around China’s growth/exports expectations, spilling over more widely to the rest of Asia/Australia, in the near-term,” Vishnu Varathan, Mizuho’s head of economics and strategy, wrote in a Monday morning note.

“What’s more, the wider strategic tech war playing out with Huawei (and related suppliers and advanced Chinese tech companies) also creates a chill around the outlook for not only for exports, but for wider commercial activity as well,” he added.

The PMI is a survey of businesses about the operating environment. Such data offer a first glimpse into what’s happening in an economy, as they are usually among the first major economic indicators released each month.

For China, the PMI is among economic indicators that investors globally watch closely for signs of trouble amid domestic headwinds and the ongoing U.S.-China trade dispute.

The official PMI survey typically polls a large proportion of big businesses and state-owned enterprises. A separate survey, the Caixin indicator, features a bigger mix of small- and medium-sized firms.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: yen nee lee huileng tan, yen nee lee, huileng tan
Keywords: news, cnbc, companies, reading, manufacturing, private, expected, chinese, slightly, activity, chinas, shows, pmi, indicator, survey, data, economic, higher, official


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Stocks rise slightly, but trade and economy worries persist

Stocks rose on Thursday, regaining some of the losses from the previous session, but the market’s gains were kept in check as worries over the global economy and trade lingered. The S&P 500 climbed 0.2% to 2,788.86 as the real estate and tech sectors outperformed. The major indexes had closed lower on Wednesday, with the Dow losing more than 200 points. Stock benchmarks briefly turned negative in afternoon trading, around the same time the 10-year Treasury yield gave back its earlier gains. Plun


Stocks rose on Thursday, regaining some of the losses from the previous session, but the market’s gains were kept in check as worries over the global economy and trade lingered. The S&P 500 climbed 0.2% to 2,788.86 as the real estate and tech sectors outperformed. The major indexes had closed lower on Wednesday, with the Dow losing more than 200 points. Stock benchmarks briefly turned negative in afternoon trading, around the same time the 10-year Treasury yield gave back its earlier gains. Plun
Stocks rise slightly, but trade and economy worries persist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: fred imbert
Keywords: news, cnbc, companies, economy, shares, tech, trading, yield, slightly, stocks, month, worries, sp, points, yields, persist, rise, trade


Stocks rise slightly, but trade and economy worries persist

Stocks rose on Thursday, regaining some of the losses from the previous session, but the market’s gains were kept in check as worries over the global economy and trade lingered.

The Dow Jones Industrial Average closed 43.47 points higher at 25,169.88, led by McDonald’s and Coca-Cola. The S&P 500 climbed 0.2% to 2,788.86 as the real estate and tech sectors outperformed. The Nasdaq Composite advanced 0.3% to 7,567.72. The major indexes had closed lower on Wednesday, with the Dow losing more than 200 points.

Shares of software company Keysight Technologies led the tech sector higher, rising 11.3% on stronger-than-expected earnings.

Stock benchmarks briefly turned negative in afternoon trading, around the same time the 10-year Treasury yield gave back its earlier gains. The yield fell to 2.227%, near 20-month lows. The 10-year yield entered May trading above 2.5%.

Plunging yields this month, along with a yield curve inversion, have raised concerns about slowing economic growth. Investors typically see bonds as a safer alternative to riskier assets when economic worries arise.

“It definitely points to slower growth. That’s the primary driver right now in this risk-off environment we’ve experienced in the month of May,” said Ryan Nauman, market strategist at Informa Financial Intelligence, about the drop in yields. “People are rotating out of equities and into Treasurys for that defensive play.”

Bank shares followed yields lower. The SPDR KS&P Bank ETF (KBE) dropped 1.5% as Bank of America shares lost 2.1%. J.P. Morgan Chase also declined 1.1%.

The S&P 500 is down more than 5% this month and remains below 2,800 — a key level watched by traders — for the first time since late March.

There are “insufficient signs of bottoming” in the market, said Mark Newton, managing member at Newton Advisors, in a note. “Yet this will all take time. Until then, downside targets should take another 3-5 trading days with the 2722-35 [range] having significance for S&P. Closes back up above 2800, however, would be something to watch carefully.”

The protracted trade dispute between China and the U.S. also weighed on markets. A senior Chinese diplomat ramped up the rhetoric overnight. Also, China has halted soy purchases from the U.S., according to Bloomberg News.


Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: fred imbert
Keywords: news, cnbc, companies, economy, shares, tech, trading, yield, slightly, stocks, month, worries, sp, points, yields, persist, rise, trade


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This company wants you to travel ‘standing’ on your flight—and it could save you money

Italian seat manufacturer Avioninteriors recently debuted the concept of “standing seats.” According to the company, the contraption “ensures an increased upright passenger position, allowing installation of the seat at a reduced pitch.” But it’s unclear how much airfare passengers would be able to save by purchasing standing seats, and experts aren’t optimistic about the seats’ success. Let’s assume with SkyRider [2.0] you’re taking 15% off seats. The SkyRider 2.0 is the second “saddle-style” s


Italian seat manufacturer Avioninteriors recently debuted the concept of “standing seats.” According to the company, the contraption “ensures an increased upright passenger position, allowing installation of the seat at a reduced pitch.” But it’s unclear how much airfare passengers would be able to save by purchasing standing seats, and experts aren’t optimistic about the seats’ success. Let’s assume with SkyRider [2.0] you’re taking 15% off seats. The SkyRider 2.0 is the second “saddle-style” s
This company wants you to travel ‘standing’ on your flight—and it could save you money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: jimmy im
Keywords: news, cnbc, companies, standing, save, money, 20, company, flightand, upright, seats, seat, wants, slightly, travel, avioninteriors, skyrider, space, passengers


This company wants you to travel 'standing' on your flight—and it could save you money

Sometimes it feels like airlines have already stripped everything they can from your Basic Economy seat to make it cheaper — the space is cramped and there are no amenities, sometimes you don’t even get space in the overhead bin.

But it seems there’s at least one thing left they can take away: One day you might not sit at all.

Italian seat manufacturer Avioninteriors recently debuted the concept of “standing seats.”

With the design, called SkyRider 2.0, passengers would actually be held upright by a small, padded support saddle (that looks akin to a slightly bigger and softer bike seat). It’s connected to a pole attached to both the ceiling and floor, and there is also back support.

According to the company, the contraption “ensures an increased upright passenger position, allowing installation of the seat at a reduced pitch.” Pitch is the distance between your seat and the one in front of you, and the average economy seat in the U.S. already doesn’t leave that much wiggle room at 31 to 32 inches.

Avioninteriors has not yet disclosed how much smaller that space will get with standing seats, but the design is meant to help airlines squeeze 20 percent more passengers onto a plane by allowing for an “ultra-high density” of people in the cabin, according to the company. The seats also require minimal maintenance because of a reduced number of components, according to Avioninteriors’ website. All that could mean increased profit for airlines.

But it’s unclear how much airfare passengers would be able to save by purchasing standing seats, and experts aren’t optimistic about the seats’ success.

“If the FAA [Federal Aviation Administration] is satisfied in some bizarre way that standing is not a safety problem, and you have an unlimited supply of people who put no premium in comfort whatsoever, sure, but don’t count on it,” aviation expert Richard Aboulafia of Teal Group tells CNBC Make It.

“It’s dysfunctional.”

Aboulafia also doesn’t believe any savings would be enough of a benefit.

“If an airline did offer this sort of seat, what would it do for the passenger price-wise? There are already a lot of ultra-low-cost airfares out there from companies like Southwest. Let’s assume with SkyRider [2.0] you’re taking 15% off seats. It’s not that much money for cheap fares.

“How many people are really going to say, ‘wow, I’m saving $10 for standing for two hours….’ How many of these people are out there?”

Aboulafia adds, “Being in the aircraft business, we haven’t heard a lot about these seats, for what that’s worth.”

Avioninteriors did not immediately respond to CNBC Make It’s request for comment.

The SkyRider 2.0 is the second “saddle-style” seat developed by Avioninteriors. The original SkyRider, designed in 2010, was still bare bones but allowed for a slightly more seated position.

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This helicopter-airplane hybrid could take flight for civilians as early as 2020—take a look


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: jimmy im
Keywords: news, cnbc, companies, standing, save, money, 20, company, flightand, upright, seats, seat, wants, slightly, travel, avioninteriors, skyrider, space, passengers


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Lyft’s shares slightly negative on third day of trading, still below IPO price

Shares of Lyft were slightly negative by the end of trading Tuesday, marking its third day on the public market. Tuesday marked the second day of losses for Lyft, which ended its second day of trading Monday at $69.01, below its IPO price of $72 in an oversubscribed offering. Lyft’s market capitalization now lies below $20 billion after ending its first trading day at $22.2 billion. Without a clear counterpart on the public market, Lyft remains difficult to evaluate. Watch: Lyft shares slump 12%


Shares of Lyft were slightly negative by the end of trading Tuesday, marking its third day on the public market. Tuesday marked the second day of losses for Lyft, which ended its second day of trading Monday at $69.01, below its IPO price of $72 in an oversubscribed offering. Lyft’s market capitalization now lies below $20 billion after ending its first trading day at $22.2 billion. Without a clear counterpart on the public market, Lyft remains difficult to evaluate. Watch: Lyft shares slump 12%
Lyft’s shares slightly negative on third day of trading, still below IPO price Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-02  Authors: lauren feiner, mike blake
Keywords: news, cnbc, companies, second, trading, slightly, lyfts, ipo, day, market, stock, shares, lyft, public, price, billion, negative


Lyft's shares slightly negative on third day of trading, still below IPO price

Shares of Lyft were slightly negative by the end of trading Tuesday, marking its third day on the public market. The shares were still trading below their IPO price of $72, at $68.97 per share. Trading volume for Lyft was high, and the stock bounced between positive and negative territory throughout the the day.

Tuesday marked the second day of losses for Lyft, which ended its second day of trading Monday at $69.01, below its IPO price of $72 in an oversubscribed offering. Lyft’s market capitalization now lies below $20 billion after ending its first trading day at $22.2 billion.

Analyst skepticism sent the stock down as much as 4 percent in premarket trading Tuesday, with Seaport Global Securities initiating coverage of the stock with a sell rating and 12-month price target of $42 per share.

“In order to justify its current market valuation, investors need to take a big leap of faith that the millennials and later generations will forego ownership of a car and opt instead for reliance on a ridesharing service,” the analyst wrote in a note Tuesday morning. Instead, he said ride-sharing will continue to be used as a “convenient supplement.”

Lyft’s stumble may be troubling to some investors, but based on previous tech stock debuts, it’s too early to tell what this first week will mean for the stock. Snap debuted in 2017 with a $24 billion valuation, but has slid to just $15 billion. Twitter’s market capitalization has not changed much since its market debut in 2013, which was about $25 billion at the end of its first day of trading. Today, it’s market value is about $25.7 billion.

Meanwhile, Facebook’s stock plunged 11 percent on its second day of trading in 2012 after being valued at over $100 billion in its IPO, but today the company is worth more than $481 billion.

Lyft’s rapid growth fueled by private funds could leave little room for new stockholders to gain from its public offering. Dropbox, similarly, went public last year with a market value of $8.2 billion and is now around $8.8 billion with its shares little changed from their $21 IPO price.

Without a clear counterpart on the public market, Lyft remains difficult to evaluate. Investors know Lyft’s main rival, Uber, is much larger, with an expected valuation of over $100 billion. But since it hasn’t yet released its prospectus, it’s hard to say how its financials stack up to Lyft’s. Uber did release unaudited financials for 2018. The company said it generated $11.3 billion in revenue, up 43 percent year over year. It also posted adjusted losses of $1.8 billion, down from $2.2 billion in 2017.

There is also the remaining risk of imbalance after Lyft’s lock-up period ends. Currently, only 11 percent of Lyft’s outstanding shares are available for trading, while employees and early investors are required to wait six months to sell their shares. But if too many shares flood to market, the company runs the risk of not having enough buyers to meet the supply.

Still, other tech companies will be looking to Lyft’s performance and the public reaction as they prepare their own public offerings. Lyft’s rival Uber is expected to drop its S-1 this month and go public a few weeks after that. And a number of others, including Slack, Pinterest and Zoom, are expected to hit the public market this year as well.

-CNBC’s Ari Levy contributed to this report.

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Watch: Lyft shares slump 12% on second day of trade


Company: cnbc, Activity: cnbc, Date: 2019-04-02  Authors: lauren feiner, mike blake
Keywords: news, cnbc, companies, second, trading, slightly, lyfts, ipo, day, market, stock, shares, lyft, public, price, billion, negative


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Huawei tops $100 billion revenue for first time despite political headwinds

Huawei’s revenue grew 19.5 percent in 2018, surpassing $100 billion for the first time, despite continuing political headwinds from around the world. Sales came in at 721.2 billion yuan ($107.13 billion) last year. Net profit reached 59.3 billion yuan, higher by 25.1 percent compared to a year ago. Sales in its carrier business, which is its core networking equipment arm, reached 294 billion yuan, slightly below the 297.8 billion yuan recorded in 2017. The real driver of growth was the consumer


Huawei’s revenue grew 19.5 percent in 2018, surpassing $100 billion for the first time, despite continuing political headwinds from around the world. Sales came in at 721.2 billion yuan ($107.13 billion) last year. Net profit reached 59.3 billion yuan, higher by 25.1 percent compared to a year ago. Sales in its carrier business, which is its core networking equipment arm, reached 294 billion yuan, slightly below the 297.8 billion yuan recorded in 2017. The real driver of growth was the consumer
Huawei tops $100 billion revenue for first time despite political headwinds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: arjun kharpal, elizabeth schulze
Keywords: news, cnbc, companies, huawei, huaweis, business, 100, tops, despite, slightly, revenue, yuan, headwinds, reached, political, net, billion, profit


Huawei tops $100 billion revenue for first time despite political headwinds

Huawei’s revenue grew 19.5 percent in 2018, surpassing $100 billion for the first time, despite continuing political headwinds from around the world.

Sales came in at 721.2 billion yuan ($107.13 billion) last year. Net profit reached 59.3 billion yuan, higher by 25.1 percent compared to a year ago. The revenue growth was faster than that seen in 2017, but the net profit rise was slightly slower.

Huawei’s numbers are a bright spot for the firm, which has faced intense political pressure. The U.S. government has raised concerns that Huawei’s network gear could be used by the Chinese government for espionage. Huawei has repeatedly denied those allegations.

Sales in its carrier business, which is its core networking equipment arm, reached 294 billion yuan, slightly below the 297.8 billion yuan recorded in 2017.

The real driver of growth was the consumer business, with revenue for that division rising 45.1 percent year-on-year to reach 348.9 billion yuan. For the first time, consumer business is now the biggest share of Huawei’s revenue.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: arjun kharpal, elizabeth schulze
Keywords: news, cnbc, companies, huawei, huaweis, business, 100, tops, despite, slightly, revenue, yuan, headwinds, reached, political, net, billion, profit


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