Airlines have a record 260 million seats to fill this quarter. They’re offering more fare sales for off-peak travel to do it. JetBlue, Spirit and Frontier all say average fares are dropping. A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Luke Sharrett | Bloomberg | Getty … Read more
Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of inflation but are unsure whether they’ve done enough to keep the momentum going. Speaking a little more than a week after the central bank voted to hold benchmark policy rates steady, Powell said in remarks … Read more
Buildings are illuminated at night in Tokyo, Japan, on Friday, July 21, 2023. Toru Hanai | Bloomberg | Getty Images Japan’s business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook. Big non-manufacturers’ mood brightened to levels unseen since 1991, … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Fast Money Bill Simon, Fmr. Walmart U.S. CEO, joins ‘Fast Money’ to discuss consumer stock weakness impact on Amazon Prime’s two-day event. 05:45 5 hours ago Source link
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
Image source: Jaromila | E+ | Getty Images Consumers are still splurging for a side of fries with their meals. That can have a positive read-through for the economy. Frozen potato supplier Lamb Weston Holdings has seen the share of consumers ordering the iconic side with fast food meals — known as the fry attachment … Read more
The league dominated the headlines over the summer as Saudi clubs cumulatively spent more than $1 billion in transfer fees and attracted some of the biggest names from Europe’s top leagues. Speaking to CNBC at the APOS conference in Bali, Indonesia, on Thursday, Nohra said that Saudi Arabia’s strategy is “extremely long term,” but that … Read more
Tue, Sep 12 2023 11:53 AM EDT Europe stocks close 0.2% lower European stock markets closed 0.2% lower on Tuesday, paring gains from earlier in the session as investors monitored a busy week for economic data. — Sam Meredith Tue, Sep 12 2023 9:03 AM EDT UK mortgages in arrears shoot to seven-year high U.K. … Read more
Hong Kong’s Hang Seng index closed Friday trade in bear market territory, down 2.1% on the day and almost 21% from its January highs. The pan-European Stoxx 600 index followed suit, down 1% on the day and more than 3% for the week, while U.S. stock futures pointed to another lower open on Wall Street. … Read more
Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes released Wednesday from the session indicated. That discussion during a two-day July meeting resulted in a quarter percentage point rate hike that markets generally expect … Read more