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Search resuls for: "Shrug"


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☆ American Airlines expects fourth-quarter profit thanks to strong travel demand
  + stars: | 2022-10-20 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +3 min
American Airlines reported a $483 million profit for the third quarter and joined rivals in forecasting resilient travel demand, as the airline industry continues to shrug off concerns about an economic slowdown. Here's how American performed in the third quarter, compared with Wall Street expectations according to Refinitiv consensus estimates:Adjusted earnings per share: 69 cents vs. an expected 56 cents. 69 cents vs. an expected 56 cents. The industry has seen strong travel demand, well into the off-peak fall season, as consumers continue to fly and, in many cases, pay more than they were in 2019. ET, when they will likely face questions about booking forecasts for 2023, business travel demand and labor negotiations.
☆ Amazon shoppers shrug off second Prime Day sale
  + stars: | 2022-10-14 | by ( Annie Palmer | ) www.cnbc.com   time to read: +3 min
For Amazon, the event tested how members of its Prime subscription program would respond to two major discount events in the same year, after the company's main Prime Day sale in July. They estimate Amazon brought in $5.7 billion in revenue from the Prime Early Access Sale vs. $7.5 billion in July. The average spend per order during the Prime Early Access Sale was $46.68, down from $60.29 on Prime Day, according to market research firm Numerator. Discount events such as the Prime Early Access sale are a relatively low cost way to goose sales, Kaziukenas said. WATCH: Amazon gets in front of holiday shopping with second Prime Day of the year
☆ The CEO of Capital, formerly Party Round, dishes on the strategy behind its rebrand — and why the company's ambitions have grown beyond being just a tool for startup fundraising
  + stars: | 2022-10-14 | by ( Emilia David | ) www.businessinsider.com   time to read: +3 min
Party Round is now Capital and will offer more features beyond fundraising capabilities. Party Round, the fundraising app for startups, has rebranded as Capital, expanding its services beyond a tool to raise cash. Jordi Hays, Capital CEO, said the rebrand was really tied to the company's expanding vision to support other startups as they built Party Round with the idea of becoming a sort of neobank. But now, once they've begun fundraising, Capital can issue a virtual Visa debit card to users so they can start using the cash they just received. Capital has a long history with NFTs; Party Round went viral in 2021 after it launched NFT versions of top VCs.
☆ Wall Street sends regulators a poop emoji
  + stars: | 2022-09-28 | by ( John Foley | ) www.reuters.com   time to read: +4 min
For Wall Street brokerages, one answer is simply to flout it. At many of the firms, even managers whose job it was to enforce those rules were copiously breaking them. The regulators at least didn’t say they’d uncovered anything illegal, though disappearing-message apps and encryption make evidence easy to hide. But it’s still troubling to find widespread, frequent examples of bank employees, many with “global firm-wide leadership” roles, routinely doing something their companies forbid. The SEC fined the firms $1.1 billion, while the CFTC fined the same companies around $710 million.
☆ Europe can shrug off Putin’s Chinese gas Plan B
  + stars: | 2022-09-14 | by ( Pierre Briancon | ) www.reuters.com   time to read: +3 min
LONDON, Sept 14 (Reuters Breakingviews) - Selling more gas to China is one of Vladimir Putin’s oldest pet projects. A pivot of Russia’s gas trade towards China may well happen over time. But for the next few years, Moscow won’t have the pipelines, the ships, or even the gas to make Putin’s dream come true. Register now for FREE unlimited access to Reuters.com RegisterChina is also taking some of Russia’s liquefied natural gas, from Russia’s eastern fields. Right now, European member states seem to be cooling on enforcing a cap on Russian gas prices.
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