Author: News Room

Earnings season has kicked off with Delta Air Lines, Inc. (DAL) reporting its Q1 results. Despite providing solid numbers and maintaining full year guidance, DAL stock is still trading down. A day earlier, American Airlines Group Inc. (NASDAQ:AAL) stock tumbled more than 9% after issuing preliminary results that disappointed analysts and investors, which I believe was mostly related to analyst expectations being set unrealistically high. In some way, it seems a lot like airlines have to guide extremely strong for quarters ahead and show extremely strong Q1 results in order to satisfy the market. In this report, I will be…

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Bitcoin (BTC), the most valuable cryptocurrency in the world by market capitalization that powers the world’s first cryptographically secured, decentralized payments ledger, hit its highest level since June 2022 on Thursday to the north of the $30,600 level.BTC/USD was last changing hands up in the region of 1.6% on the day, having recovered well from an earlier dip to the south of the $30,000 mark.The latest push higher, which was catalyzed by a bullish breakout to the north of a pennant structure late last week, has seen Bitcoin extend its on-the-year gains to more than 80%.That makes Bitcoin one of…

A former Fox News producer who claims the right-wing network pressured her to give false testimony escalated her own lawsuit against the company, adding CEO Suzanne Scott as defendant and accusing Fox’s lawyers of deleting messages from her phone. In explosive lawsuits filed last month, Abby Grossberg claimed Fox lawyers bullied her into protecting the network and its on-air personalities in her deposition for the Dominion Voting Systems’ case. Grossberg now accuses Scott of being complicit in the alleged coercion, according to her amended lawsuit. Fox News has previously said her lawsuits are “riddled with false allegations” and says its…

The European Union will launch an 11th wave of sanctions on Russia and seek to crack down on efforts to evade economic penalties introduced in the wake of its full-scale invasion of Ukraine, a top EU official told CNBC Thursday.”Europe has rolled out 10 packages of sanctions. We will have another package,” Mairead McGuinness, EU commissioner for financial stability, financial services and capital markets union, told CNBC’s Joumanna Bercetche at the International Monetary Fund’s spring meeting in Washington, D.C.EU countries have been in talks about drawing up a fresh round of sanctions against Russia in recent weeks and McGuinness confirmed…

By David Lawder WASHINGTON (Reuters) – White House economic adviser Lael Brainard said on Wednesday the U.S. banking system is “sound” and stable after two bank failures last month, but institutions that fail to show investors they are managing risks effectively may come under market pressure. Brainard, director of the National Economic Council, told an event hosted by the Semafor news outlet that actions taken to protect depositors in failed Silicon Valley Bank and Signature Bank (OTC:) were “very targeted” on specific risks, adding that discussions about broad changes to Federal Deposit Insurance Corp limits are “on a slower track.”…

By Andrew Hay (Reuters) – More than 18,000 cows died after an explosion and fire at a family dairy farm in west Texas, marking the deadliest such barn blaze on record in the United States. Firefighters rescued one employee from the South Fork Dairy near Dimmitt on Monday as flames raced through a building and into holding pens, according to images and statements from the Castro County Sheriff’s Office. The cause of the fire was under investigation and it was not immediately possible to contact members of the family who own the farm in one of Texas’ biggest milk production…

© Reuters. FILE PHOTO: The logo of LVMH is seen before a news conference to present the 2022 annual results of LVMH Moet Hennessy Louis Vuitton in Paris, France, January 26, 2023. REUTERS/Gonzalo Fuentes By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) – LVMH, the world’s largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts’ expectations, as China rebounded sharply after COVID-19 lockdowns. Sales at the French company, which owns the Louis Vuitton and Dior fashion houses, as well as Hennessy cognac and U.S. jeweler Tiffany, came to 21.04 billion euros ($23.10 billion) for the…

Stock market bulls confidently predict that the U.S. market will rally the instant the Federal Reserve pauses in its battle against inflation. Yet it hasn’t always worked out that way. A review of past cycles of inflation, interest rates and the U.S. stock market reveals that there can be a considerable lag between peak inflation, peak interest rates, and the stock market’s low. And by “considerable” I mean months, if not years. Consider… Read the full article here

There are many strategies for investment income, but during this time of uncertainty with seesawing market, high inflation and the possibility of more interest-rate increases, some investors want safety more than anything else. If you want to protect your money and take best advantage of current interest rates while lowering your risk of having to make subsequent investments at lower rates, laddering a portfolio of bonds and bank certificates of deposits may work out well. Ken… Read the full article here