Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ended June, Microsoft, Sony and Nintendo each posted … Read more

‘Stray’ — the videogame where you play as a cat — is breaking the internet

'Stray' — the videogame where you play as a cat — is breaking the internet

The cat is out of the bag — and probably all over your Twitter feed. “Stray,” a new videogame for Sony’s SONY, +3.42% PlayStation and Microsoft MSFT, +2.08% Windows, lets players explore a subterranean, cyberpunk city as ginger tabby that’s trying to claw its way back to its family. The $29.99 third-person platform adventure and … Read more

What Cramer is watching Monday — Price target cuts and downgrades, few bright spots

Mark Zuckerberg envisions 1 billion people in the metaverse

What I am looking at July 11, 2022 Twitter jump ball: Elon Musk terminates deal. Twitter (TWTR) says it will sue. The stock sinks 5% in the premarket. Baird price target cut to $33 per share from $45. Meta Platforms (META), a Club holding, downgraded to sell from hold (underperform from hold) at Needham. Pretty … Read more

5 things to know before the stock market opens Monday, July 11

5 things to know before the stock market opens Monday, July 11

Here are the most important news items that investors need to start their trading day. 1. Earnings and stocks Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. Brendan Mcdermid | Reuters Earnings season kicks off this week as several big companies, including major … Read more

China factories are feeling some heat as US, Europe demand slows

China factories are feeling some heat as US, Europe demand slows

Pictured here on June 24, 2022, are workers making umbrellas in a factory in Jinjiang city, Fujian province, China. Yuan He | Future Publishing | Getty Images European sales for Guangdong-based coffee machine company HiBrew have tapered off after a sterling run last year when pent-up global demand drove up purchases of Chinese consumer goods. … Read more

China factories are feeling some heat as US, Europe demand slows

China factories are feeling some heat as US, Europe demand slows

Pictured here on June 24, 2022, are workers making umbrellas in a factory in Jinjiang city, Fujian province, China. Yuan He | Future Publishing | Getty Images European sales for Guangdong-based coffee machine company HiBrew have tapered off after a sterling run last year when pent-up global demand drove up purchases of Chinese consumer goods. … Read more

Cash is pouring into municipal bond ETFs. Here’s why they could be winners for investors

Cash is pouring into municipal bond ETFs.  Here's why they could be winners for investors

Municipal bond funds may be having their moment in the sun after a rough start to the year for fixed income. According to Strategas Research, the iShares National Muni Bond ETF (MUB) saw the second highest inflows in the second quarter among US ETFs at $5.4 billion. That was behind only the SPDR Bloomberg 1-3 … Read more

Bitcoin Soars as Crypto Traders Turn Bullish. 2 Signs the Rally Has Momentum.

Bitcoin Soars as Crypto Traders Turn Bullish.  2 Signs the Rally Has Momentum.

Text size Cryptos are recovering after weeks of losses. Dreamstime Bitcoin led a rally in digital assets on Friday as cryptocurrency traders seemed to turn firmly bullish after weeks of prices under pressure. The price of Bitcoin rose 5% over the past 24 hours to $21,500. The largest digital asset moved as high as $22,400 … Read more

Spirit-Frontier merger in question after another vote delay, JetBlue circles

Spirit-Frontier merger in question after another vote delay, JetBlue circles

The fate of Spirit Airlines’ merger with fellow budget carrier Frontier Airlines is growing murkier. Spirit this week delayed its shareholder meeting for a third time, opening the door to more talks from both Frontier and rival suitor JetBlue Airways. The latter two delays each came just hours before Spirit shareholders were due to vote … Read more

Costco once again shows why it is the best-run retailer on the planet

Costco once again shows why it is the best-run retailer on the planet

Costco (COST) posted another strong monthly sales result for June — a sign the big box retailer is continuing to outperform and steal market share while many of its peers struggle in a difficult economic environment. Net sales for the month jumped a solid 20.4% year over year to $22.78 billion, according to data released … Read more