Delta on Thursday kicked off an airline earnings season marked by packed planes but profits under pressure as costs rise and increased capacity weighs on fares.
Schlagwort-Archiv: Markets
PepsiCo earnings beat estimates, but U.S. demand weakens
The food and beverage giant PepsiCo reported better-than-expected second-quarter earnings, but its revenue fell short of Wall Street’s estimates.
Watch Fed Chair Jerome Powell testify live before the House financial services panel
The central bank chief is set for his second day of testimony on Capitol Hill.
The Fed may soon cut interest rates. That could make your next trip abroad more expensive
The Federal Reserve raised rates aggressively to tame high inflation, supporting the U.S. dollar. Cutting rates may weaken it versus foreign currencies.
Bill Gross says Tesla is the new meme stock
Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors.
China’s inflation numbers miss expectations, rising 0.2% in June
China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts.
Athletic Brewing raises $50 million as nonalcoholic wave sweeps beer making
Athletic holds over 19% market share within nonalcoholic beer and is driving 32% of total nonalcoholic beer category growth, according to NielsenIQ data.
Watch Fed Chair Jerome Powell testify live before Senate banking panel
Powell speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.
‚Make or break week:‘ Stifel sees 40% chance of President Biden dropping out of the race
Brian Gardner, Stifel’s chief Washington policy strategist, said it is a „make or break week“ for President Joe Biden’s campaign.
BP shares drop 3% after warning of up to $2 billion impairment, weak refining margins
BP on Tuesday said it expects to post an impairment of up to $2 billion in the second quarter, also warning of lower refining margins.