Month: October 2024
United Airlines raises spending requirements to earn frequent flyer status
A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024. Kevin Carter | Getty Images United Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to increase profits and give an exclusive feel to […]
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What investors should look for as Meta, Microsoft report earnings Wednesday
Another busy day of megacap technology earnings kicks off Wednesday with results from Meta Platforms and Microsoft after the bell. Capital expenditures spending remain top of mind for investors this reporting season after concerns about the payoffs from artificial intelligence investments dented sentiment and pressured the behemoths earlier this year. Those concerns haven’t dissipated, with […]
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Stocks making the biggest moves midday: Reddit, Super Micro Computer, Garmin, Snap and more
Check out the companies making headlines in midday trading. Reddit – Shares soared 41% after the social media company reported a blockbuster third-quarter report . Reddit reported earnings of 16 cents per share, while analysts surveyed by LSEG had expected a loss of 7 cents. The company’s $348.4 million revenue also exceeded consensus estimates of […]
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S&P 500 to move 2% on election, with some markets set to be even more volatile, options indicate
Options traders are buckling down for outsized volatility around next week’s election, according to Goldman Sachs. John Marshall of the bank’s derivatives research team said in a note to clients that options market pricing is pointing to a big move for the S & P 500 next week, and even bigger moves for certain groups […]
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Trump Media plummets 22%, cutting into DJT rally days before election
Aytac Unal/ | Anadolu | Getty Images Shares of Trump Media dropped more than 22% Wednesday, pouring cold water on a remarkable rally that added billions of dollars to former President Donald Trump’s on-paper net worth in the run-up to the 2024 election. DJT stock, which closed at $51.51 per share on Tuesday, was trading […]
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Harris plays clean up on Biden ‘garbage’ comments
Vice President Kamala Harris on Wednesday distanced herself from President Joe Biden’s controversial comment that appeared to label supporters of Donald Trump as “garbage.” “I strongly disagree with any criticism of people based on who they vote for,” Harris told reporters before the Democratic presidential nominee flew to Raleigh, North Carolina, for campaign events. “You […]
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UK borrowing costs spike after extensive tax hikes announced in budget
Britain’s Chancellor of the Exchequer Rachel Reeves poses with the red budget box outside her office on Downing Street in London, Britain October 30, 2024. Maja Smiejkowska | Reuters LONDON — U.K. borrowing costs on Wednesday touched their highest level since Labour took office, after Finance Minister Rachel Reeves unveiled a vast package of tax […]
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Microsoft set to report quarterly results after the close
Microsoft CEO Satya Nadella takes part in the Partnership for Global Infrastructure and Investment Event during the G7 Summit at the Borgo Egnazia resort in Savelletri, Italy, on June 13, 2024. Mandel Ngan | AFP | Getty Images Microsoft will report results for its fiscal first quarter after the close of regular trading on Wednesday. […]
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Meta set to report Q3 earnings after the bell
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta is slated to report third-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are […]
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Pending home sales took an unexpected leap higher last month, but rates are now much higher
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called “pending” sales were at the highest level since March and 2.6% higher than September of last year. Since pending sales are based on […]
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