Mortgage REIT Selloff Overdone on Rate Fears: KBW, RBC (Update 1)
Rising interest rates have sparked a selloff in mortgage REITs, but reports from KBW and RBC urge investors to add exposure to the sector.
Bullish Tesla CEO Musk Pushes Case for Big 2023 Gains: Stock Soars
'If it's a smooth year ... without some big supply chain interruption or massive problem, [we] have the potential to do 2 million cars this year,' Musk says
IBM Stock Slides After Muted Q4 Earnings; 3,900 Job Cuts Planned
"For 2023, we again expect solid growth in our two most important measures of success: revenue and free cash flow," said CFO Jim Kavanaugh.
Southwest Airlines Flight Cancellation Chaos Hits Outlook
"I am deeply sorry for the impact to our employees and customers," said Southwest CEO Bob Jordan.
Comcast Ad Sales, Theme Parks, Payout Boost Offset Broadband Losses
"We achieved these results while continuing to invest in broadband, our 10G network evolution, Xfinity Mobile, Peacock, and theme parks, and we also took cost actions to further our growth in the future," said CEO Brian Roberts.