Breaking News: Economy
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase. Source
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Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue
Southwest Airlines airplanes are serviced at their gates at Fort Lauderdale-Hollywood International Airport on May 18, 2024, in Fort Lauderdale, Florida. Gary Hershorn | Corbis News | Getty Images Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets […]
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American shares drop 7% on weak profit forecast after backfired sales plan, industry oversupply
An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California. Kevin Carter | Getty Images American Airlines shares shed more than 7% in premarket trading Thursday after the carrier slashed its profit forecast for the year after a backfired […]
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Stocks making the biggest moves after hours: Chipotle, IBM, Ford, ServiceNow and more
Check out the companies making headlines in after-hours trading: Ford Motor — Ford shares tumbled 11% after the company’s second-quarter earnings came in much lower than Wall Street expected due to longtime warranty issues. The automaker posted adjusted earnings per share of 47 cents, significantly less than analysts’ forecast of 68 cents, per LSEG. Automotive revenue […]
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Job seekers are sour on the cooling labor market
Key Points Job seekers are feeling less confident about their ability to land a new gig. The labor market has cooled from a red-hot pace in 2021 and 2022. The unemployment rate has increased and businesses aren’t hiring as readily. While data suggest the labor market remains strong, further cooling could be troublesome, economists said. […]
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Stocks making the biggest moves midday: Lamb Weston, Tesla, Enphase Energy and more
Check out the companies making headlines in midday trading. Lamb Weston –The potato and French-fry company tanked 27% after issuing a disappointing report for the fiscal fourth quarter. Lamb Weston generated adjusted earnings of 78 cents per share on $1.61 billion of revenue. Wall Street analysts were looking for $1.26 per share in earnings on […]
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CNBC Daily Open: Nasdaq futures fall as Alphabet, Tesla earnings disappoint
Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | 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 matter where they […]
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Stocks making the biggest moves midday: Spotify, United Parcel Service, Pentair and more
Check out the companies making headlines in midday trading: Spotify Technology — Shares surged 12% after the music streaming company posted better-than-expected second-quarter earnings. Gross margin and operating income also surpassed expectations. Analysts said they remain cautiously optimistic despite softness in monthly active user counts, pointing to strong margin performance and the company’s focus on […]
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Harris debuts on campaign trail as favorite for Democratic nomination: Live Updates
Netanyahu to meet Biden Israeli Prime Minister Benjamin Netanyahu visits the White House this week to meet U.S. President Joe Biden, amid pressure to end the war that has devastated the Gaza Strip since October. Israel, which maintains it does not target civilians and only pursues Palestinian militant group Hamas, has faced international criticism over […]
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CNBC Daily Open: Wall Street looks past political uncertainty
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | 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, […]
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