As the Iran war continues to sow instability regarding long-term jet fuel prices, most airlines have had to trim their networks to operate only the most high-traffic routes. Irish flag carrier Aer Lingus, which at its peak flew to more than 20 U.S. cities due to the large numbers of diaspora, business, and other types
Six weeks ago, investors were openly questioning whether Meta Platforms‘ enormous spending on artificial intelligence would deliver a clear return to shareholders. Meta shares climbed 21% through mid-July, adding roughly $270 billion in market capitalization, Motley Fool reported. That rally pushed CEO Mark Zuckerberg‘s estimated net worth to $222.1 billion and made him the fifth-richest
Anyone who has carried a balance on a credit card knows the part of debt that actually hurts. It is not the number you owe. It is the rate attached to it. A $10,000 balance at 3% is a nuisance you manage. The same balance at 20% starts making decisions for you. The federal government
JPMorgan Chase just had the most profitable quarter in its history. Second-quarter net income came in at $21.2 billion, powered by a surge in trading revenue and a gain on its Visa stake. The S&P 500 is up close to 10% this year. Consumers are still spending. Inflation has moderated. By most measures, the market’s
ServiceNow (NOW) shares slipped about 0.7% to $102.50 in midday trading July 20 after CLSA began covering the enterprise-software company with an Underperform rating and a $72 price target, implying about 30% downside from the stock’s midday price. CLSA analyst Bhavtosh Vajpayee said ServiceNow’s growth has remained steady as businesses adopt artificial intelligence tools, but
Every country that builds things eventually faces the same question about a cheaper foreign rival, and there are only two honest answers to it. You can wall the rival out and buy yourself time, or you can let the rival in and try to learn something before it eats you. Both answers cost money. Only
The usual path from paycheck to real estate income is easy to describe. Buy rentals, let the rent stack up month after month, and wait for the checks to grow big enough to walk away from the office. The math, while tantalizing on paper, often runs slower in practice. After the mortgage, taxes, insurance and
Some contract announcements move stocks. And then there are the ones that reframe an entire investment thesis. We saw the latter on a Monday, July 20. IREN Limited (IREN) was trading up more than 21% to $40.57 as of July 20 midday, according to Yahoo Finance. That’s after the Australia-based Artificial Intelligence (AI) cloud infrastructure
Economic resilience is probably something most Americans would welcome. We’re seeing that consumer spending is still growing, wage gains haven’t gone away, and corporate dealmaking is showing fresh momentum. Those trends point to a country that is successfully blowing past the recent inflation shock. However, in an exclusive interview with CBS News’ “Face the Nation,”
Netflix (NFLX) investors did not punish the streaming giant for delivering a disappointing quarter. Instead, NFLX is facing criticism for making the next phase of growth harder to measure. Shares plunged more than 10% on Friday, July 17, before closing near $68.95, down about 7.2%, according to Reuters. The stock slide erased around $35 billion