XPO Logistics announced that it has acquired the operating assets of East Coast Air Charter, a non-asset, third party logistics business specializing in expedited air charter brokerage, with 2012 revenues of approximately $43M. The cash purchase price was $9.25M with no assumption of debt, excluding any working capital adjustments. The acquisition is expected to be immediately accretive to earnings.
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
This growth ETF has nicely outperformed the S&P 500 since its inception.
You'll only find seven different stocks in this billionaire's portfolio, and only one of them is a "big tech" company.
Bitcoin block subsidies were recently reduced by half for the fourth time in history, and halving events have always led to significant price appreciation.
Microsoft, which overtook Apple as the world's most valuable company earlier this year, is looking to cement its AI market leadership.
Shares of the carrier were up 4% in premarket trading. Major U.S. airlines are experiencing a resurgence in corporate reservations as large companies ramp up their work-related travel expenses - a customer segment that was largely absent from the travel surge after the pandemic. The International Air Transport Association expects 4.7 billion people to travel in 2024, compared with 4.5 billion in 2019.
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.
These stocks all deserve to be trading at far higher prices, and it may not be too long before they start to rally.
