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Southwest Airlines Sees Q1 Loss, Fewer Deliveries Amid Boeing Issues; Stock Down
Southwest Airlines Co. (LUV), in a filing with the U.S. Securities And Exchange Commission, on Tuesday said it sees a net loss in its first quarter 2024, and trimmed forecast for unit revenues amid challenges with Boeing Co., while capacity outlook was raised. Further, the airline is now expecting fewer deliveries of new aircraft from Boeing in 2024.
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Kohl's Swings To Profit In Q4; Results Top Estimates
Department store chain Kohl's on Tuesday reported a profit for the fourth quarter compared to a loss last year, boosted by improved margins and lower expenses, despite a small decline in revenues. Adjusted earnings per share and quarterly revenues came in well above analysts' expectations. The company initiated earnings and net sales growth guidance for the full-year 2024, in line with estimates.
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U.S. Consumer Prices Increase In Line With Estimates In February
Consumer prices in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Labor Department on Tuesday.
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UK Unemployment Rate Rises Unexpectedly; Wage Growth Slows
The UK unemployment rate increased unexpectedly in January, while the softening of pay growth soothed fears of inflation building up, data published by the Office for National Statistics showed on Tuesday. The ILO jobless rate rose to 3.9 percent in the three months to January from 3.8 percent in the prior period. The rate was seen unchanged at 3.8 percent.
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Bay Street Likely To Open On Mixed Note; U.S. Inflation Data In Focus
Canadian shares are likely to open on a mixed note on Tuesday, with investors digesting U.S. consumer price inflation data and tracking commodity prices. While oil is slightly up, gold prices are down, suggesting a mixed start for stocks from these sectors.
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U.S. Small Business Optimism Sinks To 9-Month Low On Inflation Worries
Confidence among U.S. small businesses fell unexpectedly in February to its lowest level in nine months as firms continued to remain worried about inflation, survey data from the National Federation of Independent Business showed Tuesday. The NFIB Small Business Optimism Index fell to 89.4 from 89.9 in January. Economists had forecast a score of 90.5.
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Manchester United Q2 Profit Soars; Reiterates FY24 Revenue Outlook
Manchester United (MANU) announced Tuesday a second-quarter net income of 20.4 million British pounds or 12.49 pence per basic share, sharply higher than 6.3 million pounds or 3.87 pence per basic share in the prior-year quarter.
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Berita lainnya
ADM Guides FY24 Adj. EPS In Line; Authorizes Addl. $2 Bln Share Buyback - Update
While reporting financial results for the fourth quarter and fiscal 2023 on Tuesday, Archer-Daniels-Midland (ADM) initiated its adjusted earnings guidance for the full-year 2024 in a range of $5.25 to $6.25 per share.
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FDA Seeks $7.2 Bln In FY25 Budget For Critical Investments
The U.S. Food and Drug Administration said it will be seeking $7.2 billion as part of the President's fiscal year 2025 proposed budget, to enhance food safety and nutrition, advance medical product safety, and modernize its infrastructure and facilities. FDA's request is $495 million or 7.4 percent above the fiscal 2023 funding level, and also reflects the agency's focus to help support supply
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Sensex, Nifty Pare Early Gains; IT Stocks Top Gainers
Indian shares ended flat to marginally higher on Tuesday, paring early gains.
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Pound Slides On Downbeat Jobs Data
The British pound weakened against other major currencies in the European session on Tuesday, after data showed Britain's unemployment rate rose for the first time since July and wage growth eased, adding to evidence of a cooling labor market.
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934 hari yang lalu
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Tuesday.
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934 hari yang lalu
European Shares Gain With UK Employment And US Inflation Data In Focus
European stocks ticked higher on Tuesday, after having fallen for the first time in three days the previous day due to uncertainty about the outlook for interest rates.
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