Delta is losing less money per day, but it’s still far from turning a profit
Delta Air Lines is not losing as much money a day as it was earlier in the pandemic and has its sights set on having positive cash flow in the spring, but the company still posted a large loss in the third quarter. It reported that it had brought its cash burn down to...
Dating App Hinge Breaks Out of Tinder’s Shadow
Match Group, the parent company behind Tinder, posted dramatic revenue growth for its non-Tinder dating apps during its third quarter, showing the potential of emerging brands like Hinge. Match raked in $639.8 million in revenue, an 18% increase from the same quarter...
Tesla hits record in fifth straight profitable quarter but faces delivery target challenge
CEO Elon Musk called Tesla’s third quarter “our best quarter in history,” beating analysts’ estimates and more than doubling its profit over the same period year before. But the company’s target of delivering half a million vehicles in 2020 continues to be a challenge...
Boeing’s 2020 Was Bad, But Recovery Isn’t Off The Table Yet
Boeing has had perhaps the roughest 2020 out of everyone, with the company logging record losses this year. Add to the mix the company’s pre-existing troubles before COVID-19, and you’ve got an outright mess -- and the future’s not looking so great either. The...
Netflix is investing heavily in India but is struggling to capture the market
Netflix is thinking globally and putting its hopes and dollars in a relatively new and untapped market, India. The reasoning is clear, India is the second most populated country in the world with more than 1.3 billion citizens. With the Chinese market closed off to...
Netflix’s production machine is on track to release more titles in 2021 than this year
Despite a major slowdown in production amid the pandemic, Netflix announced during an investor call in October that it is on track to release more originals in 2021 than it will this year, alleviating some investors' concerns that pipeline troubles could threaten the...
Tesla proves skeptics wrong with new products and green energy boost
2020 has been a hugely profitable year for Tesla. Its stock price has soared more than 400% this year, and Ron Baron, founder of the investment management fund Baron Capital, told CNBC in mid-October that Tesla’s stock price was likely to jump another 400% by this...
Yeti, too hot of a stock, is going to chill soon
Yeti is doing well, too well, after running up strong performance the first half of the year as a pandemic stock. Now it’s overpriced. Even though Yeti Holdings, known for its cooler and tumbler brand, is in the luxury category, the high cost of its products...
Amazon’s profits skyrocket in Q3 and the company reveals an aggressive expansion plan which is too risky for stock investors
Amazon surpassed Wall Street’s revenue projections for Q3. Brian Olsavsky, CFO of Amazon emphasized that the company believes the high-volume demand will be sustained beyond the pandemic, and therefore the company is investing heavily in expanding. Investors, on the...
Peloton’s blockbuster demand hits snag with shipping delays
Peloton faces continued shipping delays for its products causing long wait times and poor customer service, despite strong growth in the first quarter of this year. The at-home connected fitness company said delays for its products will extend into the...
Investment Journal
Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.