Month: July 2024
Delta shares tumble after outlook falls short of estimates despite strong summer travel demand
Nurphoto | Nurphoto | Getty Images Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its forecast fell short of analysts’ estimates as carriers discounted fares after expanding flights. Shares of Delta fell about 8% in premarket trading. Other U.S. airlines were also trading lower. […]
Read More
Macron breaks his silence on France’s election earthquake as post-vote deadlock continues
France’s President Emmanuel Macron exits a polling booth, adorned with curtains displaying the colors of the flag of France, to vote in the second round of France’s legislative election at a polling station in Le Touquet, northern France on July 7, 2024. Mohammed Badra | Afp | Getty Images French President Emmanuel Macron broke his […]
Read More
Apple reaches deal with EU regulators to open up mobile payments system to rivals
The European Union flag displayed on a mobile phone screen in front of the Apple logo on July 2, 2024. Anadolu | Anadolu | Getty Images LONDON — EU antitrust regulators on Thursday accepted commitments from Apple to allow access to its tap and go payments technology to rivals, bringing an end to a four-year […]
Read More
Treasury, IRS announce ‘major milestone’ of $1 billion in past-due taxes collected from millionaires
Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax […]
Read More
NATO condemns China as a ‘decisive enabler’ of Russia’s war in Ukraine in sternest rebuke to date
The NATO logo seen during the coalition’s summit in Washington D.C. on July 10. Nurphoto | Nurphoto | Getty Images In NATO’s most serious denunciation of China to date, the military coalition labeled Beijing a “decisive enabler” of Russia in its ongoing war in Ukraine and expressed concerns over its nuclear arsenal and “systemic challenges” […]
Read More
JPMorgan is bullish on this Southeast Asian country, cites opportunities in data centers
NEW YORK, NEW YORK – MAY 26: The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City. Michael M. Santiago | Getty Images Data centers have been widely talked about and Malaysia is emerging as an attractive investment opportunity offering different sectors and ideas to play, according […]
Read More
UK economy returns to growth in May, beating expectations as British pound hits four-month high
City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. […]
Read More
Japan is worried about another ‘transactional’ Trump presidency, Tokyo-based expert says
Prime Minister of Japan Shinz Abe, and U.S. President Donald Trump hold a joint press conference in the Rose Garden at the White House in Washington, D.C., on Thursday, June 7, 2018. Cheriss May | NurPhoto | Getty Images Pesek said that the Japanese government had been “pretty certain that Biden had this well in […]
Read More
CNBC Daily Open: A true bull market — it’s not Wall Street
Traders work on the floor of the New York Stock Exchange during morning trading on October 04, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
Read More
China’s robotaxi push sparks concerns about job security for drivers
More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters. Bloomberg | Bloomberg | Getty Images BEIJING — China’s yearslong effort to develop robotaxis is starting to gain traction […]
Read More