American Airlines recently announced a significant cut to its profit forecast for the year, citing a failed sales strategy as one of the main reasons. The airline had anticipated earning between 70 cents to $1.30 per share, a stark contrast to the initial forecast of $2.25 to $3.25 a share made earlier in the year.
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Unilever saw its shares spike on Thursday morning after the company raised its full-year margin guidance and confirmed that the spinoff of its ice cream business was on track to be completed by the end of 2025. The increase in shares was initially nearly 8%, settling to around a 5.45% gain by mid-morning in London.
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter due to an oversupplied U.S. market. This oversupply has led to airlines discounting tickets during what is typically the most lucrative period of the year. Southwest indicated that unit revenue for the current quarter could decrease by as much as 2%
The landscape of financial services is rapidly changing, with the rise of “buy now, pay later” (BNPL) options becoming increasingly popular among consumers. However, with this surge in popularity comes concerns about the potential risks and challenges associated with these services. In the UK, the government is gearing up to introduce updated plans to regulate
NextEra Energy is contemplating the idea of bringing back to life the Duane Arnold Energy Center in Palo, Iowa. The nuclear plant had ceased operations in 2020 after 45 years of active service. With the increasing demand for carbon-free energy and a surge in electricity consumption, the company’s CEO, John Ketchum, mentioned the necessity of
Chipotle Mexican Grill recently released its quarterly earnings report, exceeding analysts’ expectations. Despite a challenging time for the restaurant industry, Chipotle saw an increase in restaurant traffic, leading to a positive outcome for the company. The stock initially surged 13% in extended trading but eventually settled around 3% higher. This performance comes after a month
As the U.S. presidential election approaches, experts predict that stock market volatility may increase, leading to heightened anxiety among investors. A recent survey by the American Psychiatric Association revealed that 73% of individuals are feeling anxious about the upcoming election. This anxiety can prompt investors to make impulsive decisions, such as moving their investments or
Employees are facing a challenging time with the state of the job market, as job seeker confidence has hit its lowest point in over two years. A recent quarterly survey by ZipRecruiter revealed this decline, indicating that workers are feeling more pessimistic about their prospects of securing their desired jobs. This shift in sentiment comes
As we look forward to 2025, many workers are gearing up for a disappointing reality – a smaller annual raise. According to a recent poll by WTW, a consulting firm, the typical worker can expect a 4.1% pay raise next year, down from 4.5% in the current year. This decrease comes as a surprise to
Despite a slight decrease in mortgage interest rates last week, the average contract interest rate for 30-year fixed-rate mortgages remains relatively high at 6.82%. This decrease from 6.87%, while promising, has not been enough to entice potential homebuyers off the fence. With points increasing to 0.59 from 0.57 for loans with a 20% down payment,