One of the big recovery stories this year has come from the Aerospace industry, which includes commercial airlines. It comes as no surprise, really to say that in 2020 and the early part of 2021 the industry was one of the biggest, unquestioned losers in the stock market after commercial travel dried up to practically […]
Read MoreDelta Air Lines (DAL) reports third-quarter earnings on Wednesday, as the airline industry shows signs of rebounding from the impact of the coronavirus’ delta variant. Delta stock and other airline stocks were quiet ahead of the report. The results for Delta come after American Airlines (AAL) offered a slightly more upbeat third-quarter sales forecast, and […]
Read MorePlus, Dick’s Sporting Goods reported sales growth of 21% for the second quarter, American Airlines warned that rising COVID infections are denting August revenue, and Microsoft said its cloud gaming services is coming to new Xbox devices this holiday season.
Read MorePlus, Target also reported an earnings beat, PayPal and Fiserv are partnering to allow gig workers to get their paychecks directly in Venmo, and Southwest Airlines announced a new employee referral bonus.
Read MorePlus, Home Depot said fewer customers visited its stores in the second quarter, Spirit Airlines said recent disruptions cost it around $50 million in revenue, and Bill Ackman’s SPAC was hit with a lawsuit this morning alleging “staggering compensation” to its sponsors.
Read MoreOne of the most-anticipated (or perhaps, most-hoped-for) reopening stories this year has come from the Aerospace industry, which includes commercial airlines. It comes as no surprise, really to say that in 2020 and the early part of 2021 the industry was one of the biggest, unquestioned losers in the stock market. The biggest portion of […]
Read MorePlus, Southwest lowered its revenue and profit forecast as the COVID-19 delta variant impacts bookings, Rocket Labs announced a deal to provide three of its photon spacecraft to Varda Space Industries, and the Labor Department reported July’s CPI came in at 5.4% year-over-year.
Read MorePlus, UPS shares are down after earnings showed deliveries are slowing down in the U.S., GE CEO Culp warned that the conglomerate is facing inflationary pressures, and American Airlines said it may have to add extra stops for some flights amid snarls in trucking and supply chains delays fuel shipments to some airports.
Read MorePlus, American Airlines and Southwest Airlines both posted second quarter profits on federal aid and surging travel demand, DiDi shares are dropping on reports that Chinese regulators are planning unprecedented penalties for the ride-share giant, and Uber Freight is buying shipping software company Transplace.
Read MorePlus, Coca-Cola said its second quarter revenue topped 2019 levels, Bitcoin is rebounding, and Ford is partnering with Argo AI and Lyft on an autonomous vehicle fleet.
Read MorePlus, DISH Network said it has signed a multi-year agreement with AT&T worth $5 billion for wireless services, Zoom is buying cloud contact center software provider Five9 for $14.7 billion, and Bill Ackman’s Pershing Square Tontine Holdings SPAC has dropped its deal for 10% of Universal Music Group.
Read MorePlus, Apple asked suppliers to increase iPhone production by 20%, Citigroup delivered an earnings beat, and a short seller accused Oatly of misleading investors and consumers.
Read MorePlus, JPMorgan is buying OpenInvest, Walmart will start offering its own brand of analog insulin at a cheaper price for diabetes patients, and Capri Holdings raised its revenue guidance for the year on rising luxury sales.
Read MorePlus, Bitcoin rebounded, Southwest Airlines CEO Kelly will step down next year, and GlaxoSmithKline is spinning off its consumer products business to focus on reviving its drug unit.
Read MorePlus, Reddit and several other major websites were down early this morning due to a Fastly outage, Bitcoin is dropping after the U.S. recouped most of the ransom paid to the hackers that took down the Colonial Pipeline last month, and one analyst says Apple could hit a $3 trillion market cap next year.
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