Coterra Energy topped Wall Street expectations Thursday with first-quarter results that further proved the Club holding’s nimble production strategy is the right one for shareholders. Revenue in the three months ended March 31 fell 19% year over year to $1.43 billion, beating the consensus forecast of $1.39 billion, according to analyst estimates compiled by LSEG. […]
Chinese state-owned company COSCO Shipping has launched what it calls the “world’s largest” river-to-sea electric container ship. The Green Water 01 is a 10,000-ton+ fully electric vessel that sets a new benchmark in sustainability in the marine logistics industry. China Ocean Shipping (Group) Company, or COSCO for short, is a state-owned multinational conglomerate headquartered in Shanghai specializing in […]
Milk is defined by its percentages: nonfat, 2 percent, whole. Now there is a different kind of milk percentage to keep in mind. Last week, the FDA reported that 20 percent of the milk it had sampled from retailers across the country contained fragments of bird flu, raising concerns that the virus, which is spreading […]
Chevy Blazer EV 2LT (Source: Chevrolet) Chevy is offering a $4,000 discount for owners and lessees of Teslas and other EVs for the 2024 Blazer EV but with some quirky conditions. Chevrolet’s conquest bonus cash offer doesn’t require a trade-in and can be transferred to household members, so that’s nice. The $4,000 discount applies to […]
Dado Ruvic | Reuters Block reported first-quarter earnings after the bell Thursday that exceeded analysts’ estimates. The stock rose more than 7% in extended trading. Here’s how the company did, compared with analysts’ consensus estimates from LSEG. Earnings per share: 85 cents adjusted vs. 72 cents expected Revenue: $5.96 billion vs. $5.82 billion expected Block, […]
A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters Coinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. The stock was trading about 2% lower in extended trading. Here’s how the company did, compared to analysts’ […]
Rivian has secured $827 million worth of incentives from the state of Illinois to expand its main factory in Normal. Rivian’s Normal, Illinois plant is where it builds the R1S and R1T. The plant was purchased from Mitsubishi in 2017. But the plant is also set to produce the R2 SUV, a smaller upcoming EV […]
Robert B. Oxnam, an eminent China scholar who learned through psychotherapy that his years of erratic behavior could be explained by the torment of having multiple personalities, died on April 18 at his home in Greenport, N.Y., on the North Fork of Long Island. He was 81. His wife, Vishakha Desai, said the cause was […]
Transcarent, a digital platform focused on the self-insured employer market, announced it secured a $126 million Series D investment. The funds bring the unicorn company’s total raise to $450 million and valuation to $2.2 billion. General Catalyst and 7wireVentures led the round, with participation from new investors Memorial Hermann Health System and Geodesic Capital. Former […]
Photo: Electrify America Electrify America (EA) increased its total number of chargers to over 4,000 in 2023 – here’s what it’s aiming to achieve in 2024. In 2022, there were 5.3 million customer charging sessions on Electrify America’s network. In 2023, validated data reflected 10.9 million customer charging sessions – a 106% increase year-over-year. EA’s […]
