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Breaking News: Markets

Airline execs predict record summer, even more demand for first class

by Monica Lozano
Airline execs predict record summer, even more demand for first class

Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC While the aviation industry has been in the spotlight lately for a host of safety …

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Categories Travel

EU official warns on weaponization of trade amid U.S.-China tensions

by Adrian Jhonsan
EU official warns on weaponization of trade amid U.S.-China tensions

Valdis Dombrovskis, Vice-President of the European Commission for the Euro & Social Dialogue, photographed at the Renaissance Harbour View Hotel in Wan Chai. 02DEC17 SCMP/ Xiaomei Chen (Photo by Chen …

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Categories World

U.S. crude oil falls below $85 as traders discount Iran-Israel war risk

by Milton Acorn
U.S. crude oil falls below  as traders discount Iran-Israel war risk

Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline …

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Categories Science

High company valuations a ‘worry,’ IMF’s capital markets chief says

by Adrian Jhonsan
High company valuations a ‘worry,’ IMF’s capital markets chief says

Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the …

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Categories World

Adidas shares rise after first-quarter profit hike, improved outlook

by Adrian Jhonsan
Adidas shares rise after first-quarter profit hike, improved outlook

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.  Justin Sullivan | Getty Images Shares of Adidas jumped 6.3% on Wednesday after the company …

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Categories World

Regional bank failures may be ahead, Fmr. FDIC Chair Sheila Bair warns

by Adrian Jhonsan
Regional bank failures may be ahead, Fmr. FDIC Chair Sheila Bair warns

Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin hitting Wall Street this week. “I’m …

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Categories World

Morgan Stanley delivers a rebound quarter, eases concerns about a key overhang

by Adrian Jhonsan
Morgan Stanley delivers a rebound quarter, eases concerns about a key overhang

Morgan Stanley delivered mostly better-than-expected first-quarter results Tuesday morning — a much-needed report for the bank, whose stock has lagged industry peers and tested our patience. Revenue for the three …

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Categories World

Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation

by Adrian Jhonsan
Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation

Federal Reserve Chair Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in …

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Categories World

Trump Media shares fall, Truth Social will launch TV platform

by James Odonell
Trump Media shares fall, Truth Social will launch TV platform

Jonathan Raa | Nurphoto | Getty Images Trump Media shares plummeted by more than 14% Tuesday after the company announced its Truth Social platform is moving to launch a live …

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Categories Politics

With the market oversold, we’re buying a geopolitical hedge and an unfairly punished beer stock

by Adrian Jhonsan
With the market oversold, we’re buying a geopolitical hedge and an unfairly punished beer stock

We are buying 300 shares of Coterra Energy at roughly $26.85 and 25 shares of Constellation Brands at roughly $255.56. Following the trades, Jim Cramer’s Charitable Trust will own 2,900 …

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Categories World
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