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Search resuls for: "Delta Air Lines Inc"


7 mentions found


☆ Wall Street turns around to trade higher, led by cyclical stocks
  + stars: | 2022-10-13 | by ( Shreyashi Sanyal Ankika Biswas | Shreyashi Sanyal | Ankika Biswas | ) www.reuters.com   time to read: +3 min
read moreCore CPI, which excludes volatile food and fuel prices, gained 6.6% last month, compared with the estimates of a 6.5% rise. FEDWATCHCyclical parts of the market, including the S&P 500 financials (.SPSY), energy (.SPNY) and materials (.SPLRCM) sector indexes, rose between 2% and 3%. Big Wall Street banks will kick-off third-quarter reporting season on Friday, with investors awaiting to see how a high interest-rate environment would affect their profit. Analysts expect profit for S&P 500 companies to have risen just 4.1% from a year ago, much lower than an 11.1% increase expected at the start of July, according to Refinitiv data. read moreAdvancing issues outnumbered decliners by a 1.38-to-1 ratio on the NYSE and by a 1.35-to-1 ratio on the Nasdaq.
☆ Wall St falls as hot inflation data drives fears of big rate hike
  + stars: | 2022-10-13 | by ( Shreyashi Sanyal Ankika Biswas | Shreyashi Sanyal | Ankika Biswas | ) www.reuters.com   time to read: +4 min
The headline consumer price index gained at an annual pace of 8.2% in September, compared with an estimated 8.1% rise. read moreCore CPI, which eliminates volatile food and fuel prices, gained 6.6% last month, compared with the estimates of a 6.5% increase. "We would have hoped to see some moderation in inflation and we're not seeing that at this point. read moreDeclining issues outnumbered advancers for a 4.89-to-1 ratio on the NYSE and for a 3.39-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and 170 new lows, while the Nasdaq recorded 10 new highs and 514 new lows.
☆ Futures tumble after hot inflation data
  + stars: | 2022-10-13 | by ( Shreyashi Sanyal Ankika Biswas | Shreyashi Sanyal | Ankika Biswas | ) www.reuters.com   time to read: +3 min
The headline consumer price index gained at an annual pace of 8.2% in September, compared with an estimated 8.1%. Core CPI, which eliminates volatile food and fuel prices, gained 6.6% last month, compared with the estimates of a 6.5% increase. Register now for FREE unlimited access to Reuters.com Register"It's saying that inflation is still not under control. The Fed will most likely continue its pace of rate increases," said Robert Pavlik, senior portfolio manager, Dakota Wealth in Fairfield, Connecticut. FEDWATCHThe report follows data on Wednesday that showed U.S. producer prices increased more than expected in September amid strong gains in the costs of services and goods, suggesting inflation could remain uncomfortably high for a while.
☆ Economic worries loom over U.S. airline earnings
  + stars: | 2022-10-12 | by ( Rajesh Kumar Singh | ) www.reuters.com   time to read: +4 min
Travel demand tends to cool after Labor Day, which marks the unofficial end of the U.S. summer season. Britain's biggest airport, Heathrow, on Tuesday warned of a possible slowdown in travel demand this winter. As companies call their employees back to office, business travel demand has received a boost. Prior to the pandemic, business travel accounted for up to 50% of the U.S airline industry's passenger revenue, according to trade group Airlines for America. "We're looking at business travel," Christopher Raite, senior analyst at Third Bridge, said.
☆ Factbox: Companies potentially affected by Italy's election
  + stars: | 2022-09-25 | by ( ) www.reuters.com   time to read: +5 min
A woman walks at a polling station during the snap election in Rome, Italy September 25, 2022. read moreHere is a list of companies that could be affected by the outcome of the election. The change of government and calls by Meloni to revisit Italy's national recovery plan could threaten Italy's ability to meet the commitments to which European Union post-pandemic funds are tied. Brothers of Italy welcomed CDP's decision to wait for the election before filing its non-binding bid for TIM's network. read moreBrothers of Italy has called for the new government to be allowed to make a final decision on ITA.
☆ Delta Looks to Improve Margins, Cut Debt as Travel Rebounds
  + stars: | 2022-09-19 | by ( Nina Trentmann | ) www.wsj.com   time to read: +8 min
September has been off to a good start, Mr. Janki said at a conference last week. Consumer demand remains strong and corporate travel—an important income generator for Delta before the pandemic—is recovering, Mr. Janki said. “We are keenly focused on continuing to strengthen the balance sheet and drive debt down,” Mr. Janki said. Adjusted net debt stood at $19.6 billion at the end of the second quarter, Delta said. Mr. Janki wants his 600-people strong finance team to rely more on data and improve its systems, including streamlining information in the cloud.
☆ The new M1 Owner's Rewards Card earns 10% cash back at Netflix, 5% at Starbucks, 2.5% at Amazon, and more incentives based on your investments
  + stars: | 2021-07-28 | by ( David Mcmillin | Jasmin Baron | Read More | ) www.businessinsider.com   time to read: +8 min
Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The new M1 Owner's Rewards Card is free for M1 Plus members, but there's a waiting list to apply. Here's what to know about the new M1 Owner's Rewards Card to help you decide if it's a good fit for you. M1 Owner's Rewards Card detailsBefore you decide on the M1 Owner's Rewards Card, there are a few important caveats to consider:You have to join a waitlistThe card's launch involves handing over your data to join a waitlist for the application. The Owner's Rewards Card will be included in that $125 price tag.
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