Month: July 2022

A robust summer travel season and improved international and business travel helped major U.S. airlines deliver profits in the second quarter. However, many carriers missed Wall Street’s earnings expectations as they battled sky-high fuel costs and operational challenges, mainly due to staffing issues. Airlines have raised ticket prices to mitigate the impact of higher costs.
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Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Amazon shares rallied 12.5% in premarket trading after it posted better-than-expected quarterly revenue and issued an upbeat outlook. Amazon logged an overall quarterly loss, owing largely to a $3.9 billion negative impact from its investment in electric vehicle maker Rivian
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Fintech stocks have been some of the best-performing stocks in recent years, as investors have bet on the industry’s continued growth. More specifically, mobile payments, peer-to-peer lending, online banking and investment management are just a few fintech products available. Overall, fintech stocks have been rising recently as investors have expressed more interest in the space.
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VioletaStoimenova Investment Thesis Visa (NYSE:V) and American Express (NYSE:AXP) are two giants in the finance industry. Since inception, Visa has facilitated transactions among financial institutions, merchants, and consumers. Using their vast payment network, their core business provides transaction processing services (authorization, clearing, and settlement) through VisaNet. In 2021, the Visa brand processed 232 billion payments
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Miami-headquartered cruise operator Carnival (NYSE:CCL) recently received some positive news as the Centers for Disease Control and Prevention (CDC) has ended its Covid-19 Program for Cruise Ships. Don’t get too excited yet, though. CCL stock could still head lower as Carnival’s planning a massive share sale. Plus, an analyst is suggesting that the company’s share sale
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Jim Magats, former PayPal executive who is being named CEO of the startup MX Photo: Tom Cook MX, the startup competing against Plaid to help connect financial institutions and fintech players, is naming PayPal executive Jim Magats its new CEO, CNBC has learned. Magats, a nearly two-decade PayPal veteran who was most recently senior vice
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The current market downturn is a tense and risky time for investors. However, it also presents an opportunity to purchase undervalued blue-chip stocks to buy that are being pulled down with the wider economy in this bear trend. These well-run established companies will continue producing robust earnings even though their share prices may go down
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In this article GSBD CMI Shipping containers are seen at a terminal inside the Port of Oakland as independent truck driver continue protesting against California’s new law known as AB5, in Oakland, California, July 21, 2022. Carlos Barria | Reuters Economists are forecasting the economy barely grew in the second quarter, and some expect that
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S&P 500 stocks to buy on the dip is our topic today. Unrelenting inflation and the potential response from the Federal Reserve have been of particular concern to investors. The June Consumer Price Index (or CPI) did little to assuage fears, rising 9.1% from a year ago. The skyrocketing inflation and the subsequent interest rate
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Fritz Jorgensen Meta Platforms (NASDAQ:META) dropped after-hours; however, for the day the company remained roughly balanced. The company had weak earnings as it continues to spend massively on Reality Labs and this quarter it also had weak earnings from Europe as the country is mired in rising energy prices and instability. As we’ll see throughout
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A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Check out the companies making headlines after the bell:  Meta Platforms — Shares of the social media company
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The secular trends that favor solar energy are the same which existed for the last several years. Broadly speaking, concern for climate change continues to grow and demand for cleaner energy sources is increasing. A report from Deloitte highlights the fact that solar photovoltaic (PV) systems have declined 85% in cost over the past decade.
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