DIRS.INFO The most relevant business & tech news

☆ Airline stocks rise as United kicks off busy earnings week
▼ + stars: | 2024-01-23 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. United Airlines shares rose about 4% Tuesday after the company reported higher-than-expected earnings and revenue for the fourth quarter. The report kicks off a busy week of airline earnings reports, with quarterly updates from American , Southwest and Alaska all due out on Thursday. Shares of Delta, which reported fourth-quarter earnings earlier this month, were up about 2%. United shares are about flat this year but are down about 30% from its 52-week high of $58.23 recorded in July 2023.

Persons: Scott Kirby, Kirby, CNBC's Phil LeBeau Organizations: Boeing, United Airlines, Max, CNBC, Spirit Airlines, JetBlue Locations: Barcelona, Southwest, Alaska

☆ CNBC Daily Open: Make way for the bull market?
▼ + stars: | 2024-01-22 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. All-time highThe S&P 500 closed at an all-time high on Friday, rising 1.23% to close at 4,839.81, setting fresh record intraday and closing highs from January 2022. [PRO] Earnings seasonTesla, Netflix, Intel and Alaska Air are among nearly 70 S&P 500 companies that are scheduled to report earnings this week. Just 69% of the roughly 52 S&P 500 companies that have reported, according to FactSet, have surpassed expectations.

Persons: Ron DeSantis, Donald Trump, Arnold Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Federal Reserve, Commerce Department, Florida Gov, Republican New, JetBlue Airways, Spirit Airlines, Arnold Palmer Regional Airport, Netflix, Intel, Alaska Air Locations: Florida, Republican New Hampshire, Pittsburgh

☆ Stocks making the biggest moves midday: Vita Coco, Archer-Daniels-Midland, Gilead Sciences and more
▼ + stars: | 2024-01-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Archer-Daniels-Midland — The food processor's shares dropped more than 22%, making the stock poised for its second worst day in its history back to 1972. Archer-Daniels-Midland announced weak fourth-quarter earnings guidance and placed Chief Financial Officer Vikram Luthar on administrative leave amid an investigation into the company's accounting practices. StoneCo — Shares of the Brazilian payments company rose more than 6% following an upgrade to a buy rating from Goldman Sachs. The financial firm cited an attractive entry point and a constructive outlook on the next freight cycle as catalysts for the change. Vita Coco — The coconut water company tumbled more than 5% after William Blair downgraded shares to market perform from outperform.

Persons: Archer, Vikram Luthar, Goldman Sachs, Trodelvy, Bernstein, Hunt, Gus Richard, Coco, William Blair, — CNBC's Michelle Fox, Alexander Harring, Hakyung Kim, Tanaya Macheel, Pia Singh, Samantha Subin Organizations: Arkhouse Management, Brigade Capital Management, Daniels, Midland, SolarEdge Technologies, Riley, Bloomberg, U.S . Securities, Exchange Commission, Spirit Airlines, JetBlue Airways —, JetBlue, Gilead Sciences, . Union Pacific, Norfolk Southern, UBS, Northland Capital Markets Locations: Brazil, Norfolk, Suez

☆ Stocks making the biggest moves premarket: Macy's, Boeing, Archer-Daniels-Midland and more
▼ + stars: | 2024-01-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Macy's – Shares of the department store giant added 2% in premarket trading after the company over the weekend rejected a $5.8 billion proposal by Arkhouse Management and partner Brigade Capital Management to take the retailer private. Boeing — The airline stock slid 1.8% after the U.S. Federal Aviation Administration recommended operators visually inspect the mid-exit door plugs of Boeing 737-900ER aircraft, which are similar to the ones grounded after the Alaska Airlines flight emergency. Archer-Daniels-Midland – Shares slid nearly 12% after the food processor placed CFO Vikram Luthar on administrative leave amid an investigation into some accounting practices and issued fourth-quarter earnings guidance that fell below prior expectations. Spirit Airlines , JetBlue Airways — The airlines said Friday that they plan to appeal a federal judge's ruling that blocks their planed merger. Spirit Airlines added about 1% before the bell, while JetBlue Airways slipped 0.8%.

Persons: Macy's, Vikram Luthar, Goldman Sachs, Riley, Morgan Stanley, Oppenheimer, —, — CNBC's Pia Singh, Sarah Min, Tanaya Macheel, Lisa Kailai Han Organizations: Arkhouse Management, Brigade Capital Management, Boeing, U.S . Federal Aviation Administration, Alaska Airlines, Daniels, Midland, Bloomberg, U.S . Securities, Exchange Commission, Spirit Airlines, JetBlue Airways Locations: Brazil

☆ Spirit Airlines shares extend rebound after it appeals ruling blocking JetBlue merger
▼ + stars: | 2024-01-22 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023. "Our merger agreement with Spirit remains in effect and we still have obligations under the agreement. This is a standard procedure, required under the merger agreement," JetBlue General Counsel Brandon Nelson said in a note to staff Friday. The stock had dropped more than 60% after the ruling but has rebounded slightly following the appeal and after Spirit raised raised its financial forecast for the fourth quarter of 2023. JetBlue shares rose about 1% on Monday and have climbed more than 3% since its merger with Sprit was blocked.

Persons: Brandon Nelson, William Young, Young, Spirit, Sprit Organizations: JetBlue, Hollywood International, Spirit Airlines, Spirit, U.S, CNBC PRO Locations: Fort Lauderdale, Fort Lauderdale , Florida

☆ Dow closes above 38,000 for first time
▼ + stars: | 2024-01-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever. The S&P 500 gained 0.2% and the Nasdaq Composite added 0.3%. The S&P 500 also closed at an all-time high, reaching 4,850.43. The S&P 500 on Friday entered bull market territory, rallying more than 20% off its lows and hitting a new record. JetBlue shares gained 0.2%.

Persons: New York CNN — Stocks, Macy, Archer Organizations: New, New York CNN —, Dow, Nasdaq, Arkhouse Management, Brigade Capital Management, Spirit Airlines, JetBlue, Daniels, Midland Locations: New York

☆ How Spirit Airlines' uncertain future could add cost and stress to travel across America
▼ + stars: | 2024-01-21 | by ( Kevin Williams | ) www.cnbc.com time to read: +3 min

Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Tuesday, Oct. 24, 2023. Spirit Airlines Inc. is scheduled to release earnings figures on October 26. Photographer: Eva Marie Uzcategui/Bloomberg via Getty ImagesA federal judge's order blocking a $3.8 billion-dollar deal that would have JetBlue Airways purchase rival Spirit Airlines leaves Spirit with an uncertain future. Few places will feel the impact harder than the Arnold Palmer Regional Airport (LBE) if Spirit can't keep flying. The Arnold Palmer Regional Airport has almost all the amenities of any major airport, just on a smaller scale.

Persons: Eva Marie Uzcategui, Arnold, Arnold Palmer, DeNuzio's, Gabe Monzo, Monzo, Jase Ramsey, Ramsey Organizations: Spirit Airlines, Hollywood International, Spirit Airlines Inc, Bloomberg, Getty, JetBlue Airways, Arnold Palmer Regional, TSA, Pennsylvania Department of Transportation, Florida Gulf Coast University, Southwest, Southwest Florida International Locations: Fort Lauderdale, Fort Lauderdale , Florida, Pittsburgh, Latrobe , Pennsylvania, LBE, Orlando, Myrtle Beach, Florida, Fort Myers, Southwest Florida, South Florida

☆ JetBlue to cut some routes as it pushes for profitability
▼ + stars: | 2024-01-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

JetBlue Airways told staff this week that it will cut some routes and service as it struggles to return to profitability and grapples with the fallout of its blocked plan to buy Spirit Airlines . The airline is instead focusing on leisure routes, adding service throughout the Caribbean and to Paris, the memo said. "We constantly adjust our network to support our strategy and these recent changes are a necessary quick step to help return our business to profitability," JetBlue said. "All the routes included have recently underperformed our expectations and these changes come as post-COVID travel patterns continue to evolve." JetBlue ranked 9th in on-time arrivals among U.S. airlines in the first 10 months of 2023, according to the Transportation Department.

Persons: John F, Dave Jehn, Jehn, William Young's Organizations: JetBlue Airways, Spirit Airlines, JetBlue, Kennedy, CNBC, Washington International Thurgood Marshall Airport, Washington D.C, Transportation Department, CNBC PRO Locations: New, Portland , Oregon, San Jose , California, Westchester , New York, New York, Ponce , Puerto Rico, Milwaukee , Wisconsin, Caribbean, Paris, Baltimore, Washington

☆ Stocks making the biggest moves premarket: Spirit Airlines, Nvidia, Wayfair and more
▼ + stars: | 2024-01-19 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

This is Wayfair's third restructuring since 2022 and is expected to save the company about $280 million. Hertz — Hertz shed 2.8% on a Jefferies price target cut and downgrade to hold from buy. AMD added 1.6%, after reaching its highest-ever closing price on Thursday amid increased investor interest in the second-largest standalone GPU maker. DraftKings — Shares of the sports betting company rose more than 1% after Stifel upgraded DraftKings to buy from hold. J.B. Hunt Transport Services – Shares rose more than 3% after the company posted mixed quarterly results.

Persons: Hertz, Wells, Stifel, J.B, J.B . Hunt, Macheel, Samantha Subin, Jesse Pound Organizations: Jefferies, EV, Spirit Airlines, JetBlue, Texas, UBS, Nvidia, AMD, ESPN Bet, Hunt Transport, LSEG

☆ Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal
▼ + stars: | 2024-01-19 | by ( J. Edward Moreno | ) www.nytimes.com time to read: 1 min

Spirit Airlines, once a fast-growing low-cost carrier, is struggling to convince investors that it has a clear path forward after an antitrust ruling blocked the sale of the company to JetBlue Airways. A federal judge in Boston blocked the proposed merger on Tuesday, concurring with the Justice Department that the deal would hurt consumers by reducing their choices and raising fares. Before it struck a deal with JetBlue in July 2022, Spirit was struggling. Unlike larger airlines, it never fully recovered from the early days of the pandemic in 2020. Some airline experts say the carrier might have to file for bankruptcy protection.

Persons: Spirit Organizations: Airlines, JetBlue Airways, Justice Department, JetBlue Locations: Boston

☆ Why the JetBlue-Spirit antitrust ruling doesn't spell doom for an Alaska-Hawaiian merger
▼ + stars: | 2024-01-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. President Joe Biden's Justice Department has successfully had two airline link-ups halted in court in recent months. That doesn't necessarily spell doom for Alaska Air's plan to buy Hawaiian Airlines . The decision immediately sparked questions of whether an Alaska-Hawaiian combination would suffer a similar fate in an antitrust lawsuit. The Justice Department didn't immediately respond to a request for comment about whether it plans to challenge Alaska and Hawaiian's proposed deal.

Persons: Joe Biden's, William Young, Michael Linenberg, Department didn't, Hawaiian's, Herbert Hovenkamp Organizations: Hawaiian Airlines, San Francisco International Airport, Department, Hawaiian Airlines . U.S, Justice Department, JetBlue Airways, Spirit Airlines, Deutsche Bank, JetBlue, University of Pennsylvania's Carey Law School, Spirit Locations: Alaska, San Francisco , California, United States, Hawaiian Airlines ., Hawaii

☆ JetBlue and Spirit appeal judge's ruling that blocks their proposed merger
▼ + stars: | 2024-01-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: 1 min

Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023. JetBlue Airways and Spirit Airlines on Friday said they are appealing a federal judge's ruling issued earlier this week that blocks the two carriers' planned merger on antitrust grounds. JetBlue had planned to buy Spirit for $3.8 billion in a deal struck in the summer of 2022. A federal judge on Tuesday, however, barred that combination, saying it would eliminate the budget carrier and mean higher prices for cost-conscious consumers. Spirit shares extended gains posted during the regular session on Friday, rising more than 10% in after-hours trading, while JetBlue's were little changed.

Persons: JetBlue's Organizations: JetBlue, Hollywood International, JetBlue Airways, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida

☆ Spirit Airlines presses JetBlue to appeal merger block: Report
▼ + stars: | 2024-01-19 | by ( ) 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 EmailSpirit Airlines presses JetBlue to appeal merger block: ReportCNBC's Phil LeBeau joins 'Squawk Box' with the latest news from Spirit Airlines.

Persons: Phil LeBeau Organizations: Spirit Airlines, JetBlue

JetBlue and Spirit Airlines Say They Will Appeal a Judge's Ruling That Blocked Their MergerJetBlue and Spirit Airlines are appealing a judge's ruling that is blocking their planned merger

Organizations: JetBlue, Spirit Airlines

☆ Spirit Airlines jumps 30% after raising fourth-quarter forecast
▼ + stars: | 2024-01-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023, sending shares soaring more than 30% after a rout earlier this week that followed a judge's ruling that blocks JetBlue Airways from buying the budget carrier. Spirit said in a filing that it expects revenue to come in at about $1.3 billion, at the high end of its earlier forecast, thanks to strong bookings at the end of the year. The airline said in the filing that it had $1.3 billion of liquidity at the end of 2023. Spirit said Friday it expects compensation from Pratt & Whitney, a unit of RTX, in connection with that engine issue. Spirit plans to hold a quarterly call with analysts on Feb. 8 to discuss results and its outlook.

Persons: Spirit, Pratt Organizations: Airlines, JetBlue Airways, Pratt & Whitney, Airbus, Company

☆ Troubled Spirit Airlines’ shares rebound despite more losses ahead
▼ + stars: | 2024-01-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The discount airline said in the filing that it expects to beat analysts’ expectations for the end of the year. Shares of Spirit fell 47% in trading Tuesday after the court blocked the acquisition by JetBlue and another 22% on Wednesday. Other analysts didn’t predict bankruptcy or liquidation, but still forecast a difficult course for Spirit trying to make it on its own. It put its operating losses between $158 million to $172 million, down from the $178 million operating loss in the third quarter, and better than forecasts of a $197 million loss. Following $1 billion in losses in 2020 and 2021, the company lost $264 million in the first nine months of 2023.

Persons: Spirit, Cowen, Helane Becker, ” Organizations: New, New York CNN, Spirit Airlines, JetBlue Airways, JetBlue, Airbus, JPMorgan Locations: New York

☆ Spirit Airlines goal should be to preserve value as much as they can, says TD Cowen's Helane Becker
▼ + stars: | 2024-01-19 | 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 EmailSpirit Airlines goal should be to preserve value as much as they can, says TD Cowen's Helane BeckerHelane Becker, TD Cowen senior research analyst, joins 'Money Movers' to discuss why bankruptcy is the best plan for Spirit Airlines, Chapter 7 liquidation could be the best case, and more.

Persons: Cowen's Helane Becker Helane Becker, TD Cowen Organizations: Spirit Airlines

☆ Stocks making the biggest moves midday: Wayfair, iRobot, Spirit Airlines, Celsius and more
▼ + stars: | 2024-01-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

This is Wayfair's third restructuring since summer 2022, and it is expected to save the company about $280 million. The bank said Hertz's short-term profitability would be hampered by electric vehicle repair costs, rising operating expenses and vehicle depreciation. Spirit Airlines — Shares surged more than 20% after the budget airline raised its fourth-quarter forecast . Schlumberger reported adjusted earnings of 86 cents per share on $8.99 billion of revenue, higher than the 84 cents per share on $8.95 billion of revenue expected by analysts surveyed by LSEG. Celsius Holdings — Shares of the drink company slid more than 10% following a downgrade to neutral from buy at Bank of America.

Persons: Hertz, Wells Fargo, bullishness, Goldman Sachs, — CNBC's Michelle Fox, Alexander Harring, Tanaya Macheel, Jesse Pound, Pia Singh, Samantha Subin Organizations: Jefferies, Spirit Airlines —, Spirit Airlines, iRobot, Amazon, Street, European Union, Texas, UBS, Nvidia, Semiconductor, Devices, Travelers Companies, LSEG, Schlumberger, Broadcom, Bank of America, State Locations: European

☆ Stocks making the biggest moves premarket: Discover Financial Services, Spirit Airlines, Humana, Hertz and more
▼ + stars: | 2024-01-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Discover Financial Services — The financial services stock dropped more than 7% after posting mixed fourth-quarter results. Hertz — The automotive rental company's stock climbed about 6% following an upgrade to overweight from Morgan Stanley earlier on Thursday. Kinder Morgan — Shares of the energy infrastructure company fell less than 1% after Kinder Morgan's fourth-quarter revenue came in lower than expected. Fastenal — The industrial supplies company added 4% after posting fourth-quarter earnings that exceeded analyst expectations. Humana — The health insurance company lost more than 14% on Thursday after guiding for full-year 2023 adjusted earnings of $26.09 per share.

Persons: Hertz, Morgan Stanley, Adam Jonas, Hertz's, BofA, Ranjan Sharma, Kinder Morgan —, Kinder Morgan's, Kinder, Fastenal, Chris Caso, — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Jesse Pound, Pia Singh, Samantha Subin Organizations: Discover Financial, Apple, Bank of America, Spirit Airlines, JetBlue, Citi, Spirit, Alaska Air Group —, Boeing, Alaska Airlines, Federal Aviation Administration, JPMorgan, Wolfe Research, Humana, Alcoa, Revenue Locations: Singapore

☆ Analyst: Spirit Airlines could be forced out of business after JetBlue deal is blocked
▼ + stars: | 2024-01-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a proposed sale to JetBlue Airways, according to a note from an airline analyst. “We believe Spirit will first look for an alternative buyer, but another airline may get the same pushback [from antitrust regulators. Its fares prompted major airlines to offer a certain number of no-frills “basic economy” seats on their planes. It also prompted concerns that its purchase by JetBlue would lead to higher fares across the industry — concerns which resulted in the Justice Department’s antitrust case that blocked the deal. “While we are disappointed with this [court decision] outcome, we are confident in our strengths and strategy,” said a company statement sent to CNN.

Persons: Helane Becker, Cowen, “, ”, Becker, General Merrick Garland, Pete Buttigieg, ” Buttigieg, Fitch, it’s, William Young Organizations: New, New York CNN — Spirit, JetBlue Airways, JetBlue, Transportation, Refinitiv, JPMorgan Chase, CNN, Airbus, Boeing, lessors, Federal, Spirit Locations: New York, Spirit’s, U.S

☆ Stocks making the biggest moves midday: Apple, Humana, Taiwan Semiconductor, Birkenstock and more
▼ + stars: | 2024-01-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Taiwan Semiconductor Manufacturing — U.S.-listed shares of the semiconductor company popped 9.79% on the back of a fourth-quarter profit and revenue beat . Fastenal earned 46 cents per share on revenue of $1.76 billion, while analysts polled by StreetAccount forecast 45 cents per share on $1.75 billion in revenue. Adjusted earnings per share were 32 cents, versus the 27 cents expected from analysts polled by StreetAccount. KeyCorp — The Cleveland-based bank dropped 4.62% after reporting fourth-quarter adjusted earnings per share of 3 cents, down from 38 cents a year prior. Kinder Morgan — Kinder Morgan shares slid 1.42% after the natural gas pipeline operator reported fourth-quarter revenue of $4.04 billion, missing the LSEG consensus estimate of $4.41 billion.

Persons: Sekisui, Hertz, Morgan Stanley, Fastenal, Birkenstock, KeyCorp —, Kinder Morgan — Kinder Morgan, CNBC's Lisa Han, Samantha Subin, Alex Harring, Yun Li, Pia Singh, Sarah Min Organizations: Apple —, Nasdaq, Bank of America, Apple, CVS Health, MDC Holdings, MDC, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor, Nvidia, Qualcomm, Devices, Spirit Airlines, JetBlue, Citi, StreetAccount, Horizon, Discover Financial, Wolfe Research, JPMorgan Locations: KeyCorp — The Cleveland, Singapore

TOKYO (AP) — Asian shares traded mixed Thursday as pessimism spread among investors about any imminent interest rate cut in the United States. Wall Street slipped following another signal that it may have gotten too optimistic about when the Federal Reserve will deliver the cuts to interest rates. Yields climbed after a report showed sales at U.S. retailers were stronger in December than economists expected. Higher yields can crimp profits for companies, while also making investors less willing to pay high prices for stocks. Higher yields hurt all kinds of investments, and high-growth stocks tend to be some of the hardest hit.

Persons: Australia's, Korea's Kospi, Seng, Brent, Stan Choe, Yuri Kageyama Organizations: TOKYO, Nikkei, Shanghai, Federal Reserve, Dow Jones, Nasdaq, U.S, Treasury, Amazon, Fed, Traders, CME Group, European Central Bank, U.S . Bancorp, Sporting Goods, Spirit Airlines, JetBlue Airways, JetBlue, U.S ., AP Locations: United States, Hong, U.S, New York

Thursday's analyst calls featured an upgrade to a car rental stock and a big downgrade to an airline. The bank also hiked his price target on the tech giant to $225 per share, implying upside of 23%. — Pia Singh 5:36 a.m.: Citi downgrades Spirit Airlines to sell Citi is throwing in the towel on Spirit Airlines . Week to date, Spirit shares are down nearly 60%. Spirit shares were down more than 4% in the premarket.

Persons: Morgan Stanley, Hertz, Andrew Percoco, Percoco, — Pia Singh, Wamsi Mohan, Fred Imbert, Kirk Materne, Materne, Dan Dolev, Dolev, he's, CFRA, Kenneth Leon, Berkshire Hathaway, Leon, Ranjan Sharma, Sharma, bode, Adam Jonas, Jonas, Morgan, Stephen Trent, Trent Organizations: CNBC, flipside, Citi, Spirit Airlines, JetBlue, Bank of America, Apple Bank of America, Apple, Microsoft, ISI, Activision, Activision Blizzard, Mizuho, Fidelity National Information Services, Paramount Global, RedBird Capital, Warner Bros ., Comcast, Paramount's, Showtime, Paramount, JPMorgan, Grab Holdings, Hertz Global Holdings, Jan, Citi downgrades Spirit Airlines, Spirit, Airlines Locations: Berkshire, 1H24, Wednesday's

☆ Premarket stocks: Airline stocks are getting pummeled. Here are four reasons why
▼ + stars: | 2024-01-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s been a tough month for shares of airline companies. Here’s why investors are getting out of airline stocks. Boeing’s “can of worms”: Boeing’s problems began on Jan. 5, when the door plug on an Alaska Airlines Boeing 737 Max 9 detached mid-flight. Oil prices are volatile: Investors are also concerned about a possible spike in oil prices. United Airlines Holdings shares have declined 8% so far in January and American Airlines Group shares have fallen 6%.

Persons: New York CNN — It’s, Wells, “, Max, JetBlue’s, Patrick T, Fallon, Brent, Ed Bastian, Antony Blinken, CNN’s Jennifer Hansler, Bryan Mena, Read Organizations: CNN Business, Bell, New York CNN, NYSE, Alaska Airlines Boeing, Max, Boeing, Alaska Airlines, US Federal Aviation Administration, National Transportation Safety, FAA, ”, Spirit Airlines, JetBlue, Spirit, CNN . Spirit Airlines Airbus, JetBlue Airlines Airbus, Los Angeles International Airport, Getty, US Justice Department, Hawaiian Airlines, Hawaiian Holdings, US, . West Texas, Delta Air Lines, Delta, United Airlines Holdings, American Airlines Group, Blinken’s Boeing, Commerce Department Locations: New York, Washington, Boston, AFP, Iran, Yemen, Davos, Zurich, deplane

☆ Stock Market Today: Indexes Finish Lower as Investors Digest Bank Earnings
▼ + stars: | 2024-01-17 | by ( ) www.wsj.com time to read: +1 min

Stocks finished lower Tuesday after a Federal Reserve official said the central bank could cut interest rates this year but that the process should be "carefully calibrated and not rushed." Benchmark Treasury yields rose to settle at 4.064%, its highest afternoon level of the year so far. In bank stocks: Morgan Stanley fell after reporting quarterly results, while PNC wavered. Shares of leading U.S.-listed Chinese companies fell, with the Invesco Golden Dragon China exchange-traded fund down nearly 4%. Chinese Premier Li Qiang on Tuesday sought to reassure investors about opportunities in his country.

Persons: Stocks, Dow industrials, Morgan Stanley, Goldman Sachs, Tesla, Elon Musk, Yemen's Houthi, Li Qiang Organizations: Federal Reserve, PNC, Boeing, Spirit Airlines, JetBlue, Oil, Shell, Benchmark Locations: China

Search resuls for: "Spirit Airlines"

25 mentions found