Jabil’s stock declines as CEO Kenny Wilson goes on paid leave pending an investigation

Jabil’s stock declines as CEO Kenny Wilson goes on paid leave pending an investigation

Jabil Inc. shares declined in Thursday’s extended trading after the company said its chief executive was going on paid leave pending an investigation related to company policies. The electronics-manufacturing services company disclosed the news in a securities filing, saying that the investigation doesn’t relate to or impact Jabil’s JBL, -0.05% financial statements or reporting. Don’t … Read more

United Airlines rallies on profit forecast. But it’s adapting to the ‘reality’ of Boeing’s difficulties.

United Airlines rallies on profit forecast. But it’s adapting to the ‘reality’ of Boeing’s difficulties.

Shares of United Airlines Holdings Inc. rallied after hours on Tuesday, after the airline reported first-quarter results and forecast a second-quarter profit that were above Wall Street’s expectations, helped by strong demand and a rebound in business travel. But United UAL, +1.12% said it expects to bring fewer aircraft into its fleet this year, after … Read more

We’re spending more on ‘bucket list’ experiences — but are they worth the money?

We’re spending more on ‘bucket list’ experiences — but are they worth the money?

Americans are spending more on experiences, not things. Along with a post-pandemic surge in travel, there’s more demand for concert tickets, sporting events and museum exhibits. Yet prices for these experiences are soaring, straining the budgets of even the most gung-ho seekers. Seeing an obscure flamenco guitarist perform at your tiny local venue might run … Read more

Nvidia just keeps getting stronger, and that could be trouble for this stock

Nvidia just keeps getting stronger, and that could be trouble for this stock

Wall Street may be overestimating Arista Networks Inc.’s ability to capitalize on artificial-intelligence, and that’s partly because “Nvidia keeps getting stronger.” At least, that’s the view of Rosenblatt Securities analyst Mike Genovese, who double-downgraded Arista shares ANET, -8.59% to sell from buy in a Friday morning report. He also dramatically reduced his price target — … Read more

Harmonic ends review of its video business; CEO to retire

KB Home board authorizes  billion stock buyback, raises dividend by 25%

Harmonic HLIT, +1.55% ended a review of its video business without completing a transaction and said its chief executive would retire. The company said on Monday its board found that current market conditions “do not support its value creation objectives” for the business. The San Jose, Calif.-based, video-streaming and broadband company has been reviewing strategic … Read more