AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, + 34.57% shares climbed as much as 46% to an … Read more

Elon Musk suggested getting into the lithium business, and these surging stocks show why

Lithium is becoming a lucrative business as electric vehicles become more prevalent, and miners are enjoying the rewards. Albemarle Corp. ALB, + 9.31% blew away earnings and revenue projections in a first-quarter earnings report Wednesday afternoon and executives added $ 1 billion to their annual sales forecast, sending shares up nearly 20% in after-hours trading. … Read more

Opinion: AMD will finally give investors its data-center data as business soars

Advanced Micro Devices Inc.’s data-center business will finally get its own spotlight. After reporting record sales Tuesday and predicting another record this quarter, AMD AMD, + 1.44% Chief Financial Officer Devinder Kumar said that beginning in the second quarter, the chip maker will delineate sales specifically from the division that has boosted its stock in … Read more

AT&T’s Last Quarter With WarnerMedia Was Messy. But the Telecom Business Shines.

Text size The AT&T logo is displayed at a store in Washington. Stefani Reynolds / AFP via Getty Images AT&T delivered strong growth on the subscriber front in its last quarter with a media business, as the new telecom-only company looks to its next chapter. Results for the first quarter were messy, reflecting segments AT&T … Read more

Inflation and weak business and international travel are obstacles for major US airlines as the earnings season begins

The top 3 US airlines are reporting first-quarter results in the coming days, with investors hoping to see further signs of a recovery in international and business travel that has lagged behind domestic and recreational air travel, amid fears that inflation could lead to passengers remaining. Home. Delta Air Lines Inc. HE GAVE, + 0.76% … Read more

Tesla needs lithium. Elon Musk suggests that it could get into the mining business.

Tesla CEO Elon Musk has indicated that an electric vehicle manufacturer could enter the mining business. Patrick Pleul / POOL / AFP via Getty Images Text size Tesla CEO Elon Musk lamented rising lithium prices in a recent tweet. He even suggested it Tesla could reach the mining industry to help address the shortage of … Read more

Anglo Pacific is recording record profits, seeing very strong business prospects – a comment on commodities

Author: Jaime Llinares Taboada Anglo Pacific Group PLC on Wednesday announced a record profit for 2021 and said that the business outlook is very strong due to rising commodity prices. Here’s what the Royal and Streaming Company was supposed to say: Performance in 2021: “A record-breaking annual portfolio contribution of $ 85.6 million (2020: $ … Read more

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