American Airlines recently announced a significant cut to its sales outlook, indicating a challenging road ahead for the company. The airline giant now expects unit revenues to plummet by as much as 6% in the second quarter compared to the previous year, a stark contrast from the initial forecast of a decline of no more
Ryan Salame, once a trusted lieutenant of FTX founder Sam Bankman-Fried, has been handed a harsh sentence of 90 months in prison, equating to seven and a half years behind bars, followed by three years of supervised release. These consequences are coupled with a hefty financial burden, as Salame has been ordered to forfeit more
Robinhood’s decision to initiate a $1 billion share repurchase program is certainly a bold move. The market’s positive reaction with a 4.5% increase in after-hours trading indicates that investors are optimistic about the company’s future. However, the extended timeline of two to three years for the execution of the program starting in the third quarter
As we delve into the global equities market, we see that the focus is on the potential clues about the outlook for U.S. interest rates that could be gathered from the upcoming inflation data. Investors are eagerly awaiting the data that will be released later in the week, with the Federal Reserve’s core Personal Consumption
In a recent case concerning Elon Musk’s record Tesla pay package, a Delaware judge, Chancellor Kathaleen McCormick, voided the agreement. This decision came after a shareholder legal team filed a lawsuit against the $56 billion pay package. The team sought orders from McCormick to prevent the case from being overturned in a Texas court. The
GameStop, a video game retailer, saw a significant increase in its shares by almost 23% after announcing that it made approximately $933 million from a stock sale. Gambling Stocks DraftKings and U.S.-traded shares of FanDuel parent company Flutter Entertainment experienced a decline of 10% and 7% respectively. This drop was attributed to the Illinois Senate
Semler Scientific, a relatively unknown medical technology company, made headlines recently as its shares experienced a significant surge in value. This sudden increase came after the company announced its decision to embrace bitcoin as its primary treasury reserve asset, following in the footsteps of industry giant MicroStrategy. Despite focusing on products related to the detection
Porsche, known for its iconic sports cars, has once again raised the bar with the introduction of the 2025 911 Carrera GTS hybrid. Priced at $164,900, this production hybrid version of the beloved 911 marks a significant milestone for the German automaker. As the automotive industry continues to shift towards electrification and stricter fuel economy
Recently, New Zealand’s central bank announced new rules that will limit how much housing finance lenders can provide for borrowers looking to take on high levels of debt relative to their incomes. This decision comes as policymakers aim to reduce default risk in the country’s volatile housing market. Implementation Date for the Rules According to
In George Miller’s new Mad Max film “Furiosa,” a red paint flare explodes and casts the theater screen in a saturated crimson cloud. However, this is not the ordinary movie-viewing experience that most people are familiar with. The theater is equipped with gyroscopic 4DX chairs, plumes of fog, and environmental effects that enable the audience
Investing in the pharmaceutical industry has always been a risky venture, with constantly changing trends and advancements. However, Roundhill Investments’ recent move to launch the GLP-1 & Weight Loss ETF (OZEM) signifies a strong belief in the long-term potential of GLP-1 weight loss drugs. This ETF focuses on pairing established leaders like Eli Lilly and
In a strategic move to boost its international presence and attract a wider audience, Alibaba’s AliExpress has partnered with soccer legend David Beckham in its latest global brand ambassador agreement. This collaboration comes at a crucial time when Chinese e-commerce companies are eyeing rapid expansion beyond their borders to gain market share and visibility on
Investors around the world are bracing themselves for a busy week ahead as they await key data releases that could have a significant impact on global financial markets. From Asia to Europe to the United States, market participants are closely monitoring various economic indicators that could shape the future trajectory of interest rates, inflation, and
Governor Kazuo Ueda of the Bank of Japan (BOJ) emphasized the need for caution when it comes to inflation-targeting frameworks. He acknowledged that Japan faces unique challenges after years of ultra-easy monetary policy. While progress has been made in shifting away from zero and raising inflation expectations, Ueda stressed the importance of proceeding carefully to