The economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday.Gross domestic product, a measure of all the goods and services produced, increased...
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines on Thursday posted a $19 million profit for the last three months of 2023, topping Wall Street estimates on the top and bottom lines.Shares of...
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Southwest Airlines ranked as the second-best domestic airline, according to Bounce's 2023 Airline Index.Aaronp/bauer-griffin | Gc Images | Getty ImagesSouthwest Airlines has taken the Boeing 737 Max 7 out of its fleet plans as regulators haven't yet certified the smallest model of the manufacturer's best-selling plane.Southwest became the latest...
Omar Marques | Lightrocket | Getty ImagesComcast topped both revenue and profit estimates in the fourth quarter as it lost fewer broadband subscribers than expected, and it raised its dividend 7%, the company said Thursday.Here's how Comcast performed, compared with estimates from analysts surveyed by LSEG, formerly known as Refinitiv.Earnings...
Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023.Bloomberg | Bloomberg | Getty ImagesTurkey's central bank on Thursday hiked its key interest rate by another 250 basis points to 45%.The hike to the benchmark one-week repo rate was in line...
Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024. Patrick T. Fallon | AFP | Getty ImagesAlaska Airlines said Thursday that the weekslong grounding of the Boeing...
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million.The four-acre estate in Southampton, New York, known as La Dune, was sold by Concierge Auctions at a starting bid of $66 million. The property was sold in two...
Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023.Nokia shares were 7% higher at around 8.19...
New Hyundai cars are displayed on the sales lot at San Leandro Hyundai on May 30, 2023 in San Leandro, California.Justin Sullivan | Getty ImagesSouth Korea's Hyundai Motor Co on Thursday reported a 31% rise in fourth-quarter profit that missed analyst expectations due to unfavorable exchange rates as well...