Travellers determined to take to the skies despite soaring ticket prices have pushed airline profits to fresh heights, as resilient consumer spending buoys the global economy. As they reported record profits on Friday, British Airways-owner IAG said trips across the Atlantic and to leisure destinations had been particularly popular “as customers prioritise holidays”, while Air
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Congress adjourned for its long summer break Thursday still far apart on top-line 2024 spending levels with only a few weeks left to reconcile the difference. There are also looming deadlines to pass a new farm bill and reauthorize the Federal Aviation Administration. Congress faces a partial government shutdown if it hasn’t passed funding bills
Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat. The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat, has been refining the model since 2011. Like Twitter, it
The Municipal Securities Rulemaking Board has voted to move ahead with its controversial amendments to Rule G-14 on trade reporting, changing the trade reporting window to one minute from 15 minutes. That was approved during its quarterly board meeting that took place July 26-27, during which the board also approved a new $47 million budget
Hospitals, already facing multiple challenges, are being stressed by a heat wave that has hit a large swath of the United States, according to a Moody’s Investors Service analyst. A heat dome that initially impacted California and Texas has spread across most of the southwest and is also affecting some Northwest states like Idaho. An
Issuers have had to become creative to derive interest cost savings in the years since the Tax Cuts and Jobs Act of 2017 eliminated the tax-exempt advanced refunding option. A clear successor has yet to emerge, but rising interest rates, falling prices and fluctuating relative value prompted issuers to consider tender offers as a way
In this article PG ROKU INTC Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bell. Intel — Shares popped 6.7% after the chipmaker posted better-than-expected second-quarter results and
Simon Davis is the co-founder and CEO of Mighty Bear Games, a multiplatform game developer in Southeast Asia creating accessible multiplayer experiences in Web3. Davis has spent almost two decades working in the gaming industry, but he never planned to actually work in this field. Before crypto, he was a professional guitarist who made ends
The Kyrgyz Republic, a central Asian state bordering China, is reportedly growing its cryptocurrency mining powers with support of the local government. Kyrgyz President Sadyr Japarov has given a nod to building a crypto mining farm at a hydroelectric power plant, Kyrgyzstan’s national news agency Kabar reported on July 27. The government of Kyrgyzstan plans
A residential complex constructed by Evergrande in Huai’an, Jiangsu, China, on July 20, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — China’s housing ministry has announced plans to make it easier for people to buy property. The news, out late Thursday, indicates how different levels of government are starting to act just
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Munis yields rose Thursday, following and outperforming a U.S. Treasury sell-off on the heels of strong-than-expected economic data. Equities ended down. Thursday’s “economic data offers the latest evidence that the U.S. economy is weathering the fastest rate hikes in a generation without much damage to the major gear-works of the economy,” said Wells Fargo Securities
The ongoing challenges faced by publicly-owned mass transit authorities are looming large as federal funding for COVID relief will start drying up in in 2024. Possible solutions to careening over the financial cliffs include raising taxes, raising fares, tapping future casino revenue, and instituting controversial congestion traffic plans. “Just last week we unveiled our financial
A KKR logo is displayed on the floor of the New York Stock Exchange (NYSE), August 23, 2018. Brendan McDermid | Reuters Private equity firms should be motivated to hunt for deals despite the challenging interest rate environment as the potential purchase price tends to be more in their favor, according to KKR’s Global Co-Head
(Click here to subscribe to the Delivering Alpha newsletter.) The job market may be strong, but the invisible strings that connect workers to their jobs are increasingly weaker. Trends such as “lazy girl jobs” and “quiet quitting” have gone viral in a post-pandemic world where young workers are trading ambition for balance. Actors and writers continue to
As you read this you may be experiencing one of the hottest days in history in your area or breathing smoke from a wildfire. These situations are more and more common, causing physical impacts, but also bringing process and design questions into discussion. Adaptation means taking on responsibility for those who live in dangerous areas.
Coutts chief executive Peter Flavel has stepped down, saying that he bore “ultimate” responsibility for the bank’s treatment of former UK Independence party leader Nigel Farage. The private bank and its owner, NatWest, have been engulfed in a crisis since Farage revealed last week that Coutts had closed his account in part because of his
Global investment giant BlackRock is expanding its reach in India with a partnership targeting the launch of the “digital-first offering” in India. BlackRock, on July 26, officially announced a joint investment project with Jio Financial Services (JFS), an arm of Indian tycoon Mukesh Ambani’s Reliance Industries — India’s most-valued firm. The companies each plan to
Tracey Ryniec uncovers two top stocks that are flying under the radar. Applied Optoelectronics: https://www.zacks.com/stock/quote/AAOI?cid=CS-YOUTUBE-FT-VID Bio Telemetry: https://www.zacks.com/stock/quote/BEAT?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
In this article EBAY LHX MAT ALGN NOW CMG STX META Follow your favorite stocksCREATE FREE ACCOUNT Meta headquarters in Menlo Park, California, US, on Thursday, July 21, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Meta Platforms – Shares of Meta Platforms jumped nearly