(Bloomberg) -- A Boeing Co. passenger jet operated by Turkish discount carrier Pegasus Airlines broke apart after veering off the runway as it landed in wet weather in Istanbul with at least 177 people on board.Authorities said no one was killed in the incident at Sabiha Gokcen airport on the Asian side of the city, Video footage showed passengers fleeing through gaps in the fuselage. The rear of the 737-800 caught fire, while the front became detached and appeared to have come to a rest upside down.The exact number of people on board wasn’t immediately certain. Turkish Transportation Minister Cahit Turhan said in televised comments that there were 183 including six crew members, adding that emergency teams were evacuating the passengers. The governor of Istanbul said there were 177 people on board in total, and 120 were hospitalized, according to the Associated Press.The single-aisle jet had flown from Izmir on Turkey’s...
Ford Motor Company (NYSE: F ) stock continued to drop on Wednesday after the company's disappointing earnings report, but two sell-side analysts kept positive ratings on the beleaguered automotive giant. ......
If the meteoric rise in Tesla (NASDAQ:TSLA) stock has taught investors anything over the past six months, it is to respect the power of a short squeeze.During that stretch, Tesla stock has more than tripled -- an unusually rapid rise for a stock of its size -- as the long term growth outlook for the electric vehicle maker dramatically improved amid Model 3 production ramp, falling costs, rising margins, completion of the Chinese Gigafactory and strong early consumer reception for the Model Y and Cybertruck.Not coincidentally, as Tesla stock has more than tripled amid all these favorable developments, short interest in the stock has fallen dramatically, with the percent of the float that is short dropping from 30% to 20%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, a big part of this Tesla rally has been fueled by a bunch of traders rushing to cover their short...
Take a look at the opinions of e-commerce firm Shopify (NYSE:SHOP) and you'll encounter a growing chorus of dissenting views. Since the beginning of November, Shopify stock has jumped nearly 60%. Just since the beginning of 2020, shares have returned over 18%.Source: Paul McKinnon / Shutterstock.com Understandably, investors who are looking at this opportunity now are tempted but hesitant. Based on the company's most recent earnings report, Shopify stock traded at over 24-times sales. To put this into context, hot names like The Trade Desk (NASDAQ:TTD) and Square (NYSE:SQ) traded at far lower price-sales (P/S) ratios, at 14.6 and 6.2, respectively.Not only that, the current PS ratio for Shopify stock is around 38.6 -- again greatly exceeding the ratios for the other two stocks. Therefore, it's not unreasonable to believe that shares could experience a corrective pothole in the nearer term.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, a...
(Bloomberg) -- The billionaire chief executive officer of Energy Transfer LP defended the pipeline giant’s partnership structure, stood by his propensity for dealmaking and announced an upcoming commercial to air during the Masters golf tournament at an industry conference in Houston.Donning black cowboy boots and a suit, Kelcy Warren told the Argus Americas Crude Summit that he may at some point consider shaking up Energy Transfer’s corporate structure even as he touted the benefits of the out-of-favor master limited partnership model and predicted a revival.“We may do an up-C, and we probably will do that,” Warren said, referring to a corporate structure that typically involves a publicly traded corporation that holds an interest in a tax-advantaged limited liability company. “We probably will have an alternative currency for our unitholders to look at, but MLPs are just too good of an instrument. They’re just too efficient not to attract people back at...
Penn National Gaming (NASDAQ: PENN ) unveils its next round of earnings this Thursday, February 6. Get prepared with Benzinga's ultimate preview for Penn National Gaming's Q4 earnings. Earnings and Revenue ......
Twitter (NYSE: TWTR ) announces its next round of earnings this Thursday, February 6. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement. Earnings and Revenue Wall Street ......
