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Ryanair boss says Boeing aircraft issues could hamper expansion
Proactive Investors· 2024-01-17 12:19
Ryanair Holdings PLC (LSE:RYA) chief executive Michael O'Leary has indicated potential further delays in Boeing aircraft deliveries could to drag on the airline's expansion plans. After a panel of a Boeing 737 Max 9 fell off mid-flight earlier this month, the Irish budget carrier said last week that fares are likely to rise due to delivery delays curtailing capacity. O’Leary told reporters today that he was not yet concerned the incident would have a significant impact on expansion, but said “you couldn’t r ...
Untouchable Nvidia hits yet another all-time high
Proactive Investors· 2024-01-17 11:49
Nvidia Corporation (NASDAQ:NVDA) stock hit another all-time high on Tuesday, in a sign that the bubble may not be over yet for the semiconductor megacap. Shares reached $563.89 at NASDAQ’s closing bell, bringing Nvidia’s market capitalisation to an eye-watering $1.39 trillion. Nvidia’s market valuation has tripled in the past 12 months thanks to an artificial intelligence premium. The company’s top-spec microchips became synonymous with the AI revolution after OpenAI used thousands of Nvidia H100 units to t ...
Disney rejects Peltz and acitivist investor board nominees
Proactive Investors· 2024-01-17 09:08
The Walt Disney Company (NYSE:DIS) has formally rejected board member candidates put forward by activist investors, including Nelson Peltz. Chief executive Bob Iger wrote that the company had embarked on an “unprecedented transformation” in becoming cost efficient and that he did “not endorse” the nominees in a letter to shareholders on Tuesday. Activist investor Trian Fund Management put forward two candidates for Disney's board in December, including its chief executive Peltz. Former Disney chief financia ...
Bitcoin ETF volumes top $10bn in three days, but spot prices lag
Proactive Investors· 2024-01-17 09:01
Freshly minted bitcoin exchange-traded funds are seeing exceptionally large trading volumes since last week’s landmark debuts from BlackRock Inc (NYSE:BLK), Grayscale, Fidelity and VanEck, among others. Bloomberg data shows a total of $10 billion in trading volumes across 10 ETF products in the first three trading days, an “insane” volume, according to Bloomberg’s ETF seer Eric Balchunas. He stated on social media: “Let me put into context how insane $10b in volume is in first 3 days. There were 500 ETFs la ...
Fortnite developer Epic loses to Apple in App Store dispute
Proactive Investors· 2024-01-17 08:15
The US Supreme Court has decided not to review the dispute between Apple Inc (NASDAQ:AAPL, ETR:APC) and Epic Games over Apple’s App Store's policies, effectively upholding a lower court's ruling. Epic Games, known for the popular game Fortnite, had accused Apple of monopolistic practices within its iOS app ecosystem, citing the tech giant's restrictions against rival app stores and alternative payment methods. The case gained prominence when Epic bypassed Apple's in-app payment system, leading to Fortnite's ...
Amazon launches AI chatbot to answer users' product questions
Proactive Investors· 2024-01-16 23:49
About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine. Read more About the publisher Pr ...
US banks show improved earnings visibility in 4Q
Proactive Investors· 2024-01-16 20:13
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Boeing making steady turnaround progress as leadership changes loom: analysts
Proactive Investors· 2024-01-16 19:21
About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...
Procter & Gamble 2Q results could be hit by inflation, brand switching
Proactive Investors· 2024-01-16 17:29
About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...
General Electric profit slump expected for 4Q
Proactive Investors· 2024-01-16 16:52
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...