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☆ Morning Bid: Markets bet July 2023 is 'peak Fed'
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanSurprise news of a 2%-plus print on U.S. headline inflation rate for June has world markets betting the peak of the Federal Reserve's interest rate campaign will now be this month. Either way, the latest inflation cheer means U.S. rate futures have wiped out bets of another Fed rate hike after a final quarter-point move to 5.25-5.50% at July 26's meeting. Although they see peak rates held there to year-end, futures now price as much as a full percentage point of cuts by this time in 2024. The VIX "fear index" (.VIX) fell back below 14 to its lowest of the month so far. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, That's, Christopher Waller, Mary Daly, Joe Biden, Christine Lagarde, Toby Chopra Organizations: Fed, Nasdaq, PepsiCo, Delta Airlines, Bank of, Swiss, Bank of Canada, Federal Reserve, San Francisco Fed, Nordic, European Central Bank, . Treasury, Reuters, Thomson Locations: U.S, Beijing, Jackson, Fastenal, Helsinki, Brussels, Japan

☆ Stocks making the biggest moves premarket: Delta Air Lines, PepsiCo, MillerKnoll and more
▼ + stars: | 2023-07-13 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Delta posted adjusted earnings per share of $2.68 cents, more than the $2.40 expected by analysts polled by Refinitiv. It gained adjusted revenue of $14.61 billion, greater than the $14.49 billion consensus estimate. MillerKnoll posted adjusted earnings of 41 cents per share on revenues of $957 million. PepsiCo — The beverage stock rose 2% after PepsiCo on Thursday beat earnings and revenue expectation in its recent results, and raised its full-year outlook. The firm reported adjusted earnings of $2.09 per share, more than the $1.96 per share consensus estimate from Refinitiv.

Persons: MillerKnoll, Noguchi, Eames, Refinitiv, Bob Iger's, Iger, Carvana, Bard chatbot, Morgan Stanley, SoFi, — CNBC's Michelle Fox, Jesse Pound Organizations: Delta Airlines, JFK International, Delta Air Lines, Air Lines, Refinitiv, PepsiCo, Walt Disney Company, Disney, CNBC, ViaSat, JPMorgan, European Union, Financial, Microsoft, Cirrus Logic, Barclays Locations: New York City, Americas, Brazil

☆ Delta stock still has a lot of upside, says TD's Helane Becker
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta stock still has a lot of upside, says TD's Helane BeckerHelane Becker, TD Cowen, joins 'The Exchange' to talk Delta AIrlines, the state of the airline space and more.

Persons: TD's Helane Becker Helane Becker, TD Cowen Organizations: Delta AIrlines

☆ These 10 states are running America's best economies for residents
▼ + stars: | 2023-07-13 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. IndianaWhile the Hoosier State's economy is hardly a barnburner, Indiana offers stability. The state's debt rating is solid. UtahThe Beehive State's economy just keeps buzzing.

Persons: Christina, Dupont De Nemours, Incyte Carlos Hernandez, Eileen T, Meslar, Eli Lilly, Kyle Green, Lucas Jackson, George Frey, Zions, Tim Aeppel, —, Justin Sullivan, Lindsey Nicholson, Matthew Busch, payrolls, Jim Watson Organizations: Companies, Business, Getty, Bureau, AAA, Reuters, Indiana, Hoosier, Federal Housing Finance Agency, National Association of Realtors, Simon Property, Bloomberg, Gem, Data Solutions, Micron Technology, Lamb Weston Holdings, South, South Carolina, Union Pacific, Automotive Designs, . Tennessee The Volunteer State, Headquarters, FedEx, Tractor, Delta Airlines, Peach State, Assurant, Intercontinental Exchange, Universal, North, Bank of America, Duke Energy, Just Energy Group, Texas, Lone Star State, Oracle, Tesla, AFP Locations: U.S, States, Wilmington , Delaware, Delaware, Middlebury , Indiana, , Indiana, CBH, Calvary Springs, Nampa , Idaho, Idaho, California, York County , South Carolina, South Carolina, Palmetto, South, Salt Lake City , Utah, Utah, Bristol , Indiana, Tennessee, Alpharetta , Georgia, Georgia, Denver , North Carolina, North Carolina, Houston , Texas, The Texas, Texas, New York, Miami , Florida, Florida

☆ Jefferies: Delta Airlines is well set up for earnings despite recent turbulence
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJefferies: Delta Airlines is well set up for earnings despite recent turbulenceSheila Kahyaoglu, Aerospace & Defense Analyst at Jefferies, discusses earnings from Delta Airlines and the outlook for the airlines industry.

Persons: Email, Sheila Kahyaoglu Organizations: Email Jefferies, Delta Airlines, Aerospace & Defense, Jefferies

☆ Micron and Pfizer are the most oversold S&P 500 stocks. Here are the other buying opportunities
▼ + stars: | 2023-07-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Traders on Wall Street are back to worrying that the Federal Reserve has significantly more ground to cover to tame inflation. CNBC screened the for the most oversold stocks on Wall Street based on their 14-day relative strength index. Chipmaker Micron and pharmaceutical giant Pfizer were among the most oversold stocks on Wall Street with RSI readings of 21.72 and 20.16, respectively. However, the top spot for most overbought stocks currently belongs to AmerisourceBergen , with a 14-day RSI reading of 88.42. ABC YTD mountain AmerisourceBergen is the most overbought stock on Wall Street.

Persons: nonfarm payrolls, FactSet, DAL Organizations: Federal Reserve, CNBC, Chipmaker Micron, Pfizer, Micron, MU, RSI, FactSet, Delta Airlines, ABC Locations: AmerisourceBergen

☆ Avolon says $4 trln needed to transform global jet fleet
▼ + stars: | 2023-06-13 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakePARIS, June 13 (Reuters) - Global aviation needs $4 trillion of capital over the next 20 years to fund new commercial deliveries and transform the world's fleet, leasing firm Avolon said on Tuesday. The world's commercial passenger aircraft fleet is set to nearly double to 46,880 aircraft by 2042, the Dublin-based firm predicted. Environmental critics say such rapid growth of commercial aviation is at odds with its environmental objectives. Avolon has said the main focus should be on increasing the supply of Sustainable Aviation Fuels. Europe's Airbus will maintain leadership of the narrow-body market with its current 53% share of the fleet rising to 58% by 2042, Avolon predicted.

Persons: Mike Blake PARIS, Avolon, Tim Hepher, Conor Humphries Organizations: Delta Airlines, REUTERS, Global, . Airlines, Sustainable Aviation Fuels, Airbus, Boeing, Embraer, Thomson Locations: San Diego , California, U.S, Dublin, China

☆ Delta Airlines plane slide accidentally deploys after plane diverted to Salt Lake City
▼ + stars: | 2023-06-12 | by ( Tina Burnside | ) edition.cnn.com time to read: +1 min

CNN —An inflatable emergency slide accidentally deployed inside of a Delta Air Lines plane while on the ground at Salt Lake International Airport on Saturday. “Delta flight 520, operating from New York-JFK to Los Angeles-LAX, diverted to Salt Lake City due to a maintenance issue,” said an airline spokesperson in a statement issued to CNN on Sunday. “While on the ground, the same aircraft’s slide was deployed by accident.”No emergency landing was declared, nor did the plane divert due to the slide, according to the statement. The spokesperson said there were 168 passengers on board the B767-300 plane at the time of the incident. It landed at Los Angeles International Airport Saturday evening without further incident“We apologize for the delay to their travel plans.

Persons: ” Organizations: CNN, Delta Air Lines, Salt Lake International, LAX, Los Angeles International Locations: Salt, New York, JFK, Los Angeles, Salt Lake City

☆ A man on a Delta flight was accused of groping the woman beside him. He blamed bad eyesight saying he was aiming for her thigh.
▼ + stars: | 2023-06-07 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Georgia doctor was charged with abusive sexual contact aboard a Delta flight. The woman said he touched her crotch, and the outside of her genitals through her pants. He said he tried to squeeze her thigh but got her crotch as he didn't have his glasses on. "At some point I saw her and reached out and grabbed her right upper thigh with my left hand. Cho told Portland police that he worked in Georgia and was travelling to Portland to propose to his girlfriend.

Persons: didn't, Jake Namjik Cho, Cho Organizations: Morning, Delta Airlines, Portland International, Portland police, Police, Portland, FBI Locations: Georgia, Atlanta , Georgia, Maine, Portland, Fayetteville , Atlanta

☆ Air New Zealand has been ranked the best airline in the world, a study found. See which others made the top 10.
▼ + stars: | 2023-06-03 | by ( Beatrice Nolan | Marielle Descalsota | ) www.businessinsider.com time to read: +6 min

Air New Zealand has been ranked the best airline in the world by AirlineRatings.com. Air New Zealand has been ranked the best airline in the world by AirlineRatings.com, a website for airline safety and product reviews. Air New Zealand was ranked first for best economy class; Qatar Airways took the lead for business class; and Singapore Airlines was ranked the best first-class airline. Air New ZealandSafety: 7/7Product: 7/7Air New Zealand, or Air NZ, is headquartered in Auckland, New Zealand. Korean Air has an average score of 7.8/10 based on 60 AirlineRatings.com reviews.

Persons: Geoffrey Thomas, Taylor Rains, Johannes P, Virgin Atlantic Sir Richard Branson, Steve Parsons, Richard Branson, Emirates Yursi Abu Barak Organizations: Morning, Air New, Qatar Airways, Air, Zealand, Singapore Airlines, Delta, US, Ryanair, New Zealand, Air New Zealand Air, Air New Zealand, Air NZ, . Air NZ, Qatar Airways Qatar Airways, Etihad Airways, Etihad Airways Airbus, Etihad, UAE, Korean Air Korean, Airlines, Korean Air, Christo, Anadolu Agency, Getty Images, SIA, Qantas Qantas, Qantas Media Safety, Qantas, Virgin, Virgin Atlantic Boeing, Heathrow Airport, Virgin Atlantic, Delta Airlines, Cathay Pacific Airways Cathay, Boeing, Cathay, Nikkei, Emirates, Dubai . Emirates, UAE . Emirates Locations: Zealand, Air New Zealand, Europe, Air, Auckland , New Zealand, Doha, Qatar, Al Jazeera, Abu Dhabi, UAE, Seoul, South Korea, Bali , Indonesia, Singapore, Asia, Mascot, Australia, Virgin Australia, Crawley , England, Taoyuan City, Taiwan, East Asia, Cathay Pacific Airways Cathay Pacific, Hong Kong, Nikkei Asia, Dubai ., Emirates, Dubai

One is about the possibility that we’re going to have this super intelligent AI that’s capable of great destruction. casey newtonI think that’s right. But it’s just like — I don’t think — I don’t think about to do these things in the moment like Dan. I don’t think that there’s an ethical issue with doing what he wants to do. And yeah, I just think it’s going into an area that’s going to be uncomfortable for the friend.

Persons: kevin roose, casey newton, we’re, ” casey newton I’ve, kevin roose It’s, Kevin Roose, ” casey newton, Casey Newton, clowned, New York Times ’, Kate Conger, Casey, Ajeya Cotra, kevin roose Totally, Sam Altman, Demis Hassabis, Dario Amodei, Elon Musk, Steve Wozniak, They’re, Kevin, Dan Hendricks who’s, “, “ I’m, don’t, you’re, I’m, — casey newton, it’s, ChatGPT, casey newton I’m, I’ve, Martinez, Varghese, kevin roose Tyler, —, Steven A, Schwartz, ”, they’re, it’ll, there’s, Mr, Bean, We’ve, James Vincent, It’s, Jensen Huang, Harry Potter, Harry Potter of, kevin roose —, casey newton Parallelelizable, Parallelizable, — casey newton Let’s, that’s, who’s, NVIDIA —, casey newton Well, doesn’t, katie cogner, Kate Conger who’s, katie cogner Hi, katie cogner I’m, Dan, what’s, Getty, casey newton Kate, let’s, John, Here’s John, john, kevin roose That’s, Kate, he’s, He’s, he’ll, casey newton That’s, There’s, we’ve, “ I’ve, ” Kate, cogner, Prince Harry, katie cogner Doesn’t, Harry, casey newton We’re, We’re, kevin roose Kate, they’ve, Joni Mitchell, Chris Vecchio, Chris, kevin roose I’m, You’d, casey newton “, you’ll, casey newton Oh, ” kevin roose Organizations: The New York Times, NVIDIA, New York Times, Safety, Google, AI, ChatGPT, Avianca Airlines, Delta Airlines, China Southern Airlines, KLM Royal Dutch Airlines, Royal Dutch Airlines, “, Bar Association, Texas, M University Commerce, Apple, Microsoft, Netflix, Harry Potter of Kentucky Christian, Facebook, eBay, “ New York Times, Boston, Garden, MetLife, TED, AIs Locations: British, Avianca, Durden, ChatGPT, Taiwan, Kentucky, Hogwarts, Harry Potter of Kentucky, California, Madison, —

☆ Lawyer apologizes for fake court citations from ChatGPT
▼ + stars: | 2023-05-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —The meteoric rise of ChatGPT is shaking up multiple industries – including law, as one attorney recently found out. Steven Schwartz, an attorney with Levidow, Levidow & Oberman and licensed in New York for over three decades, handled Mata’s representation. Schwart’s affidavit Wednesday contained screenshots of the attorney appearing to confirm the authenticity of the case with ChatGPT. “is varghese a real case,” Schwartz asked the chatbot. 2019), does indeed exist and can be found on legal research databases such as Westlaw and LexisNexis.

☆ The best North American airlines in 2023 for every budget—from first class to economy
▼ + stars: | 2023-05-16 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

The 2023 North America Airline Satisfaction Study, from J.D. Power this month released its 2023 North America Airline Satisfaction Study, which measures passenger satisfaction among business and leisure travelers of major airline carriers. The best airlines in North America in 2023JetBlue Airways ranked no. Alaska Airlines ranked third with an overall customer satisfaction score of 823. Southwest Airlines topped the list for best basic economy and economy.

☆ US airlines thrown a curveball as consumer habits change post-pandemic
▼ + stars: | 2023-05-10 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +5 min

Even as the thirst for travel remains strong, the changing trends are driving up airlines' operating costs and hurting revenue. Travel demand has also softened on days in the middle of the week, but has strengthened on peak days. Frontier Airlines (ULCC.O) decided to slash flights on Tuesdays and Wednesdays by about 20%, citing weak demand. Delta Airlines (DAL.N) reported that bookings for trips inside 30 days were declining, while those outside 30 days were stronger. Last year, it denied boarding to more customers than American Airlines (AAL.O) and United, U.S. Transportation Department data shows.

[1/2] A woman checks the arrivals and departures board at Chicago Midway International Airport in Chicago, Illinois, U.S. April 18, 2023. REUTERS/Jim Vondruska/File PhotoNEW YORK, May 10 (Reuters) - A gloomy forecast from vacation rental firm Airbnb (ABNB.O) weighed on travel-related stocks on Wednesday as an expected slowdown in bookings signaled an impending slump in travel demand with consumers seeking cheaper accommodation amid inflation and recession fears. Airbnb's forecast will heighten caution in the travel sector, which encompasses hotels, airlines, and vacation rental firms, according to an investor note by JPMorgan analysts, led by Doug Anmuth. "We also believe Airbnb's commentary will result in increased caution in the travel space, but more specifically around vacation and the U.S.," the analysts said. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ Southwest is the worst airline in the US, according to a new study — take a look at how the 11 biggest US airlines rank
▼ + stars: | 2023-04-27 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

The personal finance website WalletHub released its list of the worst airlines in the US on April 19. Nicolas Economou/NurPhoto/Getty ImagesWalletHub analyzed 2022 flight data from the US Department of Transportation to come up with its ranking. The nine national airlines were selected based on the highest passenger revenue, Gonzalez said. The last category was safety for 30 points, which factored in the number of fatal injuries in aviation accidents, the number of injuries in aviation accidents, and the number of aviation accidents — the data is measured from 2017 to 2022. Take a look at how these US airlines rank, from the lowest to highest scores.

[1/2] People stand in front of a welcome sign at a security checkpoint at Seattle-Tacoma International Airport in SeaTac, Washington, U.S. April 12, 2021. The residents asked for an order forcing the Port of Seattle, Alaska Airlines and Delta Airlines to establish a fund for medical monitoring to help screen for diseases. A representative for the Port of Seattle said the airport and its tenants follow strict federal, state and local requirements that address environmental issues like air quality and noise. The Seattle-Tacoma airport is located south of the city of Seattle, and is the primary commercial air hub for the region. The case is Codoni v. Port of Seattle, Superior Court of the State of Washington in and for the County of King, No.

☆ Why the surge in summer travel airfare, hotel prices is not likely to slow down
▼ + stars: | 2023-04-15 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

Travel is showing no signs of cooling off this summer, as both demand and prices are expected to stay high. "There's still a lot of pent of demand going back to the pandemic," Booking Holdings CEO Glenn Fogel said on "Squawk on the Street" last week. He also pointed to the TSA checkpoint travel numbers, which are now within a few percentage points compared to the number of travelers seen in 2019. That demand has kept prices high, Fogel said, noting recent trips he's taken. "[Consumers] have gone three years without having the experiences they want, including last summer," Delta Airlines CEO Ed Bastian said on "Squawk Box" earlier this week.

☆ Elon Musk dreams of Twitter's AI power
▼ + stars: | 2023-04-13 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

Elon Musk's personal AI ambitions. Elon Musk was one of the more prominent names on an open letter calling for a pause in AI development. My teammate Asia Martin points out that Musk's position on AI is contradicted by Twitter's investment in generative AI. Twitter's recent purchase of hardware normally used to develop generative AI products shows the extent of this ambition. Read more on Elon Musk's AI ambitions.

☆ Delta bets on premium travel as 'shock absorber' for economic downturn
▼ + stars: | 2023-04-12 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +6 min

[1/5] Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike SegarCHICAGO, April 12 (Reuters) - Delta Air Lines (DAL.N) is doubling down on more profitable premium travel as it looks to shore up its defenses against an economic downturn. Chief Executive Ed Bastian told Reuters the U.S. carrier will have premium seats on every plane it flies starting this summer. Rivals United Airlines (UAL.O) and American Airlines (AAL.O) are also chasing premium revenue. CHANGING TRAVEL PATTERNSThe quest for premium revenue has its underpinnings in the post-pandemic travel patterns.

☆ Final Trades: Tesla, EOG, Delta Airlines and Occidental
▼ + stars: | 2023-03-31 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Tesla, EOG, Delta Airlines and OccidentalThe final trades of the week. With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Jeff Mills, Tim Seymour and Guy Adami.

☆ Flight attendant of 10 years shares top travel tips — from how to switch seats to what happens if you cheat the boarding line
▼ + stars: | 2023-03-23 | by ( Hannah Towey | ) www.businessinsider.com time to read: +7 min

Bribing flight attendants with candy or gift cards won't get you upgraded to first class, he said. Flight attendants have a word for that, according to Henderson, and it's not something you want to be called: "gate lice." "That's one thing I can say about all flight attendants across the board. Moreso than treats, Henderson said flight attendants really appreciate passengers who take the time to thank them at the end of the flight. "Even just so much saying thanks for keeping us safe, or thanks for all you do," he told Insider.

☆ Attempted $32 million heist at Chile's largest airport ends in shootout that kills security officer and alleged robber
▼ + stars: | 2023-03-09 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Two people died in a shootout during an attempted robbery at an airport in Chile Wednesday. A group of men tried to steal $32 million as it was transported from a plane to armored trucks. One alleged robber and one security officer were killed, and two of the vehicles used by the robbers have been destroyed. One of the robbers was also shot and killed in the robbery as a shootout ensured with security officials, per CNN. "Our hearts go out to the loved ones of those impacted by yesterday's sad events at Arturo Merino Benítez International Airport," the spokesperson said.

☆ These stocks are winning even as Fed hikes rates — and Wall Street sees the gains continuing
▼ + stars: | 2023-03-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The Federal Reserve's interest rate hikes have made markets volatile, but some stocks have still managed to outperform. The S & P 500 is down 6.6% since March 15, 2022 — one day before the central bank began its campaign to push interest rates to almost 5% today from near 0% a year ago. Fed Chairman Jerome Powell told Congress Tuesday that rates will likely continue higher for longer to contain inflation, fueling a selloff in stocks. Here are some of the stocks that can continue to gain even as the Fed lifts its likely peak interest rate, and where analysts expect the stocks to trade in the future. Analysts are optimistic that Delta Airlines will manage to continue its gains — 86% of analysts rate the stock a buy.

☆ The CNBC ‘Halftime Report’ investment committee weighs in on recent market calls
▼ + stars: | 2023-03-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe CNBC ‘Halftime Report’ investment committee weighs in on recent market callsCNBC’s ‘Halftime Report’ investment committee, Stephanie Link, Jim Lebenthal and Karen Firestone, discuss some recent calls on Delta Airlines, Bank of America and Charles Schwab.

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