American Airlines reports Q3 loss and adjusts downward 2023 profit projection
American Airlines reported a third-quarter loss and adjusted its 2023 profit outlook due to the impact of rising fuel prices. The airline now anticipates earning [more…]
Category: U.S.
Retail Sales in September surged 0.7%, exceeding estimates by a wide margin
Despite concerns about high interest rates and a weakening economy, consumers displayed remarkable resilience in September, propelling retail sales well above expectations. According to the [more…]
September saw a greater-than-anticipated increase in wholesale inflation, with a rise of 0.5%
In September, the producer price index (PPI) in the U.S. exceeded expectations, rising by 0.5%, indicating continued inflationary pressures. This increase was primarily driven by [more…]
Escalation in Israel fuels demand for gold and safe haven assets
The escalating violence in Israel is expected to drive investors towards safe haven assets as they monitor Middle East developments for potential market-related geopolitical risks. [more…]
Constellation Brands surpasses expectations with strong Q2 performance
Constellation Brands, the owner of popular beer brands Modelo Especial and Corona Extra, exceeded analysts’ predictions in its fiscal second quarter of 2024. The company [more…]
Ryan Cohen assumed the roles of CEO, president, and chairman of GameStop, and will not be receiving any compensation for his duties
Ryan Cohen, the billionaire who holds the largest stake in GameStop, is assuming the roles of CEO, president, and chairman of the video game retailer. [more…]
UPS plans to employ an additional 100,000 seasonal workers while providing Teamsters with an increase in pay
UPS has announced its plan to hire over 100,000 seasonal workers for the upcoming holiday shipping rush, and this year, these workers will receive higher [more…]
SEC investigation gathers trove of messages from Wall Street’s private messaging apps
The SEC is said to be examining a vast number of private messages obtained from messaging platforms like WhatsApp and Signal as part of its [more…]
Gold remains stagnant while financial markets assess the prospects of additional interest rate increases in the U.S.
Gold prices declined on Monday, partly due to the strength of the U.S. dollar following indications from U.S. Federal Reserve officials that interest rates would [more…]
Klaviyo’s NYSE debut, surging 9% above $30 IPO price, sets valuation benchmark for unicorns
On Wednesday, Klaviyo witnessed a 9.2% increase in its share price during its debut on the New York Stock Exchange. This marked a significant milestone [more…]