American Express Co
Warren Buffett’s Berkshire Hathaway sells Bank of America for a ninth-straight day
In this article BRK.A BAC Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway’s selling streak in its big Bank of America stake has extended to nine straight days, suggesting that […]
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Stocks making the biggest moves midday: CrowdStrike, Plug Power, Comerica and more
Check out the companies making headlines in midday trading. CrowdStrike – The stock fell more than 10% after an update by the cybersecurity firm caused a major IT outage that affected airlines, hospitals, financial services firms and other businesses . Shares of Microsoft were also marginally lower following the news that many Microsoft users around […]
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Stocks making the biggest premarket moves: CrowdStrike, American Express, SLB, Travelers and more
Check out the companies making the biggest moves in premarket trading: CrowdStrike — Shares plunged nearly 13%, paring some of its earlier losses, after an update from the cybersecurity company caused a major IT outage impacting businesses around the globe. Microsoft — The tech giant slipped 1.6% after being hit with widespread tech outages from […]
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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. […]
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Air travel demand is breaking records. Airline profits are not
Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines have forecast record demand, and in some cases, revenue. But higher […]
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Federal Reserve claims all 31 banks in annual tension check withstood a significant hypothetical downturn
Vital Details The Federal Reserve explained Wednesday that the greatest banking companies running in the U.S. would be equipped to stand up to a severe recession scenario. Every single of the 31 financial institutions in this year’s regulatory exercising cleared the hurdle of staying in a position to take up losses while keeping additional than […]
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How Delta made itself America’s luxury airline — and what United wants to do about it
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in for every seat it flies one mile, outpaced its competitors’ last […]
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Payhawk, a $1 billion company card startup, options M&A searching spree right after 86% gross sales growth
Key Details Bulgarian-launched company card startup Payhawk said it is seeking for startups in the globe of corporate spend administration to obtain. Payhawk’s acquisition generate will come just after substantial development for the fintech, which claimed it observed an 86% increase in revenue in the very first quarter. Supply
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$9 billion travel tech firm Navan on track to hit profitability this year and ‘not far’ from IPO, CEO says
TripActions CEO Ariel Cohen TripActions The boss of travel and expense management platform Navan told CNBC he’s preparing the company to get its business into shape for an eventual initial public offering this year, in another sign leaders of privately-held startups are getting more optimistic about their prospects in the public markets. Asked about when […]
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Goldman Sachs and American Express are the leading companies for working parents in 2024
Vadym Buinov | Moment | Getty Images Working parents, guardians or caretakers know the challenge of striking the delicate balance between work and care responsibilities. From paid parental leave to quality health care coverage and equal pay that cover childcare costs, it’s become a priority for workers to find an employer that recognizes parents have […]
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