Republican presidential nominee and former U.S. President Donald Trump raises his fist during Day 1 of the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 15, 2024. Elizabeth Frantz | ReutersDonald Trump will allow Federal Reserve Chair Jerome Powell to complete his term at the...
With consumers getting more selective on how and where they vacation, cruise lines are fighting for Americans' tourist budgets. Royal Caribbean thinks shortening trips and packing the days with activities and exclusive opportunities will keep customers hooked."I think we are an experience-driven mindset," Royal Caribbean CEO Jason Liberty told...
Check out the companies making headlines in after-hours trading. Five Below — Five Below shares tumbled nearly 9% after the discount retailer announced in a press release that its chief executive officer, Joel Anderson, had stepped down "to pursue other interests." The company appointed Kenneth Bull as its interim...
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations.Shares...
The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple Federal Reserve interest rate cuts this year. In its latest World Economic Outlook update, the IMF said "the momentum on global disinflation is slowing, signaling bumps along the path." The...
Morgan Stanley on Tuesday reported second-quarter results that largely exceeded Wall Street expectations — though weakness in one key segment warrants closer monitoring even as the stock shook off earlier declines. Revenue for the three months ended June 30 increased over 11% year over year to $15.02 billion, outpacing...
It's the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual inflation.So when worldwide events like the Covid-19 pandemic push inflation well above that 2% target, it can be a real shock to consumers....
Check out the companies making headlines in midday trading. Charles Schwab – The financial services giant slid close to9% following its second quarter results. The firm reported adjusted earnings of 73 cents per share and revenue of $4.69 billion. These just barely beat estimates, as analysts polled by LSEG...