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Japanese theme park guests zipline into Godzilla’s mouth

Japan is offering the ultimate experience for Godzilla fans: the chance to zipline into his mouth at a theme park.

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Latest Stories

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  • Chipmaker Intel Beats Fourth-Quarter Targets, Raises Outlook, Hikes Dividend

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  • Column: What happens to businesses when their CEOs become extremists?

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  • David Einhorn — Notorious Tesla Short Seller — Just Had His Best Quarter Ever

    Greenlight Capital hedge fund manager and notorious value investor David Einhorn just released his annual letter to investors, which revealed a record quarter for Einhorn to close out a difficult 2020.Finishing Strong: Greenlight took a massive hit from a large short position in Tesla Inc (NASDAQ: TSLA) in 2020, but Greenlight finished strong with a 25% gain in the fourth quarter. Despite the disastrous Tesla short position, Einhorn was able to salvage a 5.2% overall gain for the fund for the year.The Greenlight letter disclosed several new long positions heading into 2021, including Fubotv Inc (NYSE: FUBO), Danimer Scientific Inc (NYSE: DNMR) and Neubase Therapeutics Inc (NYSE: NBSE), according to Bloomberg. All three stocks were trading higher by more than 10% on Thursday.Einhorn said the Tesla short position was Greenlight's biggest loser in 2020, although he reportedly adjusted the position prior to Tesla's inclusion in the S&P 500.Related Link: Q3 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their PortfoliosEinhorn's Recent Struggles: Greenlight has significantly underperformed the S&P 500 in recent years as growth stocks have soared and value stocks have lagged. Greenlight reported a 14% net gain in 2019 following a 38% net loss in 2018, its worst year since the fund's inception in 1996.Einhorn gained mainstream notoriety on Wall Street back in 2007 when he disclosed a short position in Lehman Brothers prior to the bank's collapse in 2008. However, he had drawn a lot of criticism in recent years for his persistent short position in Tesla and his often heated public communications with Tesla CEO Elon Musk."TSLA cars are not a fad; if they were, TSLA would sell many more than it does. The fad is in owning TSLA stock," Einhorn said in the letter.As of the end of the third quarter, Greenlight's three largest long positions were Green Brick Partners Inc (NYSE: GRBK), Brighthouse Financial Inc (NASDAQ: BHF) and Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW).Benzinga's Take: Economist John Maynard Keynes famously said "the market can stay irrational longer than you can stay solvent," and Einhorn's performance in recent years highlight just how much of a toll a single short position can take on an entire portfolio when the stock in question gets caught in a potential market bubble. Short positions can result in unlimited theoretical losses, whereas standard long positions are capped at just 100% downside.Image credit: PokerListings, YouTubeSee more from Benzinga * Click here for options trades from Benzinga * Why This Enphase Energy Analyst Is Bullish Following Tesla-Driven Sell-Off * Here's How Americans Are Spending Their Stimulus Payments(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • IBM Stock Falls As Fourth-Quarter Revenue Continues To Slide

    IBM reported fourth-quarter results late Thursday that fell short on revenue but beat on earnings as the company continues a major transition. IBM stock fell in after-hours trading.

  • The Biden Boom Is Coming And These Stocks Could Soar

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  • If I inherit a Roth IRA, are the distributions taxed?

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  • Jim Cramer: Here Are the Biden Stocks

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  • IBM misses quarterly sales estimates, shares fall

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  • BlackRock raises dividend by 14%, with first new payout in March

    BlackRock Inc. said Thursday that it will raise its dividend by 14%. The investment management's new quarterly dividend of $4.13 a share, up from $3.63 a share, will be payable March 23 to shareholders of record on March 5. The stock slipped 0.1% in afternoon trading. At current prices, the new annual dividend rate implies a dividend yield of 2.23%, compared with the dividend yield for the SPDR Financial Select Sector ETF of 1.95% and the implied yield for the S&P 500 of 1.48%, according to FactSet. BlackRock's stock has gained 16.7% over the past three months, while the financial ETF has rallied 24.1% and the S&P 500 has advanced 12.1%.

  • Your next stimulus check — for $1,400 — is about to start moving closer

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  • IBM Quarterly Revenue Miss Shows Cloud Struggles Continue

    (Bloomberg) -- International Business Machines Corp. reported quarterly revenue that missed analysts’ estimates, signaling Chief Executive Officer Arvind Krishna’s plans to shed legacy businesses and focus on cloud services will take more time to bear fruit.Sales fell 6.5% to $20.4 billion in the three months ended Dec. 31, the Armonk, New York-based company said Thursday in a statement. That was below the $20.75 billion analysts had forecast, on average, and marked the 10th consecutive quarter with no year-over-year increase in revenue. The shares fell in extended trading.Last October, Krishna announced he would spin off IBM’s managed infrastructure services unit into a separate publicly traded company. The division, which is currently part of IBM’s Global Technology Services division, handles day-to-day infrastructure service operations, like managing client data centers and traditional information-technology support for installing, repairing and operating equipment. While the unit accounts for about a quarter of IBM’s sales and staff, it has seen business shrink as customers embraced the shift to the cloud, and many clients delayed infrastructure upgrades during the pandemic. The spinoff is scheduled to be completed by end of 2021.Revenue declined across IBM’s business segments in the fourth quarter. Cloud and Cognitive Software, IBM’s biggest unit, saw revenue decrease 4.5% from a year earlier. That follows a 7% gain in that unit in the third quarter. Total cloud revenue increased 10% to $7.5 billion. In Global Technology Services, revenue fell 5.5% while sales from Global Business Services dropped 2.6%. Systems, which includes hardware and operating systems software, saw sales decline 18%.Krishna said the company’s actions to focus on cloud and artificial intelligence “will take hold,” and give him “confidence we can achieve revenue growth in 2021.” The company hasn’t given specific financial forecasts since it withdrew its annual projection for 2020 in April.IBM fell about 6% in extended trading after closing at $131.65 in New York. The stock has declined about 5% over the past 12 months.“It’s more or less a reflection of the difficult spot they’re in,” in trying to restructure the business, said Daniel Elman, an analyst at Nucleus Research.IBM seeks to distinguish itself from its bigger rivals in cloud, such as Amazon.com Inc. and Microsoft Corp., by offering a hybrid model, which assists clients in storing and computing data across on-premises infrastructure, private cloud services and servers run by public providers. Krishna was the driving force behind IBM’s $34 billion purchase of open source software provider Red Hat in 2018, the first step toward transitioning IBM into what it sees as a $1 trillion hybrid-cloud market, and which now leads much of the company’s growth. Red Hat revenue increased 19% in the fourth quarter to $1.3 billion.IBM continues to make acquisitions to bolster its cloud credentials. The company has made seven acquisitions focused on cloud and AI since October, Chief Financial Officer James Kavanaugh said in the statement, including Taos Mountain LLC, a firm that helps companies shift software and data online, and Instana, which manages cloud applications.Fourth-quarter earnings excluding some costs were $2.07 a share, beating the average analyst estimate of $1.79. Gross margin was 52.5%, 1.3 percentage points higher than analysts’ expected.(Updates with analyst comment in seventh paragraph. A previous version of this story corrected the spelling of the CEO’s name in first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • How Is Your 401(k) Taxed When You Retire?

    The taxes you owe on your 401(k) distributions at retirement depend in large part on whether your funds are in a traditional 401(k) or a Roth 401(k).

  • Apple Stock Surging Ahead Of Possible Record Holiday Quarter

    Wall Street analysts are pounding the table for Apple stock ahead of the company's December-quarter earnings report next week. Apple stock is nearing a new buy point, chart analysis shows.

  • Tesla isn't the only auto stock exploding right now

    Other auto stocks joins in the impressive rally in Tesla's stock. Here's why.

  • Big U.S. oil drillers have federal permits to mute effect of any Biden ban

    U.S. President Joe Biden's promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives. But smaller independent oil drillers without the resources of big corporations were more worried about Biden's vow to toughen regulations and stop issuing new permits on federal lands, part of his sweeping plan to combat climate change and bring the economy to net zero emissions by 2050. Federal lands are the source of about 10% of U.S. oil and gas supply.

  • Intel Gives Upbeat Forecast on PC Demand; Shares Jump

    (Bloomberg) -- Intel Corp. gave an upbeat forecast for the current quarter on continued demand for personal computers that enable working and studying from home.The results, released before the market closed on Thursday, sent the shares higher in New York. The stock then dipped slightly in extended trading. Revenue in the period ending in March will be about $17.5 billion, the Santa Clara, California-based company said. This excludes the memory chip division Intel is selling. Analysts were looking for $16.2 billion on average, according to data compiled by Bloomberg.Intel sees strong demand for laptops through the first half of the year, Chief Financial Officer George Davis said in an interview. Earnings in the second part of the year will partly depend on whether corporations increase spending on new hardware, he added.“The question is will we see support from enterprise,” he said. “They’ve been very quiet.”The world’s largest chipmaker shared no new details about its manufacturing plans in its earnings statement on Thursday. The company will address this during a conference call with analysts later on Thursday. Investors have been waiting to see if Intel will outsource more production.Intel recently decided to replace Chief Executive Officer Bob Swan with Pat Gelsinger, a former insider who left in 2009 after decades at the company. It made the change after falling behind in manufacturing, a lapse that’s offering rivals the chance to make better chips for the first time in more than a decade.Read more: Intel Goes Back to Roots With Gelsinger to Regain Chip LeadSwan was due to announce a plan on Thursday to outsource more manufacturing to other companies or try to reclaim Intel’s leadership in production technology. Gelsinger takes over officially on Feb. 15 and he is taking more time to devise his own strategy.“Longer term, it goes beyond the make-vs.-buy decision,” Ambrish Srivastava, an analyst at BMO Capital Markets, said in a note published before Intel earnings. ‘’What we are looking for is how Intel addresses what appear to be recurring issues it has had on that front. For that, we will likely have to wait to hear from the new CEO.”Intel’s stock rose 6.5% to close at $62.46 in New York. The shares declined 17% in 2020 but have rebounded following Gelsinger’s appointment.While Intel is currently benefiting from strong PC demand, Gelsinger is taking the reins of a company in the midst of its worst crisis in at least a decade. It has been the largest chipmaker for most of the past 30 years dominating the $400 billion industry by making the best designs in its own cutting-edge factories. Most other U.S. chip companies shut or sold plants and tapped other firms to make the components. Intel held out, arguing that doing both improved each side of its operations and created better semiconductors.That strategy has crumbled in recent years as Intel struggled to introduce new production techniques on time. It is now lagging behind Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., which make chips for Intel’s competitors. Intel has had talks with both Asian companies about producing some of its leading products, Bloomberg reported earlier this year.Intel’s personal computer chip division had revenue of $10.9 billion in the fourth quarter. Analysts expected $9.72 billion. Its higher-margin data center unit generated sales of $6.1 billion. Wall Street was looking for $5.37 billion.In Intel’s data center business, revenue from cloud service providers fell 15% from a year earlier. Enterprise and government sales slumped 25%. Volumes and average selling prices declined. Owners of large data centers are working their way through unused stockpiles of chips.In its PC business, Intel reported a 30% surge in laptop chip sales, even as average selling prices declined 15%.Fourth-quarter profit, excluding some items, was $1.52 a share on $20 billion of revenue, down 1% from a year earlier. Analysts had estimated $1.11 a share on revenue of $17.5 billion.Intel’s gross margin, the percentage of revenue remaining after deducting the cost of production, was 56.8%. This is a key indicator of the strength of its manufacturing and product pricing. Intel has historically delivered margins of about 60%.(Updates with CFO comments in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Intel stock gains after early release of earnings

    Intel Corp.'s stock rallied to close higher in the last minutes of trading Thursday after the chip maker released quarterly results and an outlook that topped Wall Street expectations.

  • PayPal Stock Looks Like a Cryptocurrency Winner. It Might Be Bad News for Visa and Mastercard.

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  • IBM Beat Earnings Expectations. Why Its Stock Is Tumbling.

    IBM projects full-year 2021 adjusted cash flow between $11 billion and $12 billion, up from $10.8 billion in 2020, and between $12 billion and $13 billion in 2022.