Economy

Pre-market moves: CrowdStrike, American Express, SLB, Travelers and more

Ava Stringer

This morning, several stocks are showing considerable movement in pre-market trading. These early changes can set the tone for the rest of the trading day, offering insights into investor sentiment…

Economy

Elliott Management Acquires Major Stake in Starbucks, Engages with Management

Ava Stringer

Elliott Management recently acquired a significant stake in Starbucks and is working with the company’s management to improve its stock, according to a report published Friday by the Wall Street…

Economy

Delta Faces Major Disruption From Microsoft Outage

Ava Stringer

Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world have been severely disrupted by…

Economy

IMF questions rapid rate-cutting path amid persistent inflation

Ava Stringer

The International Monetary Fund (IMF) has tempered expectations for rapid interest rate cuts, warning of increased inflation risks that could extend the Federal Reserve's tightening cycle. While recent data have…

Economy

Netflix Beats Expectations With 34% Growth in Ad-Supported Subscribers

Ava Stringer

Netflix reported its second-quarter earnings on Thursday, demonstrating its dominance in the streaming industry with a significant increase in global subscribers and significant growth in its ad-supported subscription model. The…

Economy

Mid-Day Market Action: CrowdStrike, Plug Power, Comerica and More

Ava Stringer

Several stocks have seen significant mid-day changes in the market today. Among them are CrowdStrike, Plug Power, and Comerica. Here's a closer look at the major players making headlines. Crowd…

Economy

Trump Signals Support for Powell to Continue as Fed Chairman if Elected in November

Ava Stringer

In an interview with Bloomberg Businessweek, Republican presidential candidate and former U.S. President Donald Trump said he would allow Federal Reserve Chairman Jerome Powell to complete his term if he…

Economy

United Airlines Posts Strong Q2, But Gloomy Outlook Clouds Horizon

Ava Stringer

Chicago – United Airlines reported a solid second quarter, driven by rising demand for international travel. However, the carrier’s less-than-stellar third-quarter outlook cast a shadow over its otherwise strong performance.…

Economy

Royal Caribbean Focuses on Shorter Cruises and Immersive Experiences

Ava Stringer

Royal Caribbean Cruises is charting a new course to capture the evolving preferences of vacationers. As competition for leisure dollars intensifies, the cruise line is focusing on shorter itineraries packed…