Delta Air Lines kicked off airline earnings season Thursday with a mixed bag of results. While the company reported strong travel demand and met analysts’ expectations for second-quarter earnings, its third-quarter revenue forecast fell short, sending shares down nearly 9% premarket. The culprit? An excess of flights that is driving down fares despite high enthusiasm…
Fueled by a surge in technology stocks and rising expectations of a Federal Reserve rate cut, Asia-Pacific markets rose on Thursday. The highlight was Japan’s Nikkei 225 index, which topped the 42,000 mark for the first time ever. The Nikkei rose nearly 1%, with technology stocks leading the charge. The broader Topix also hit new…
Barcelona, Spain – Tensions between residents and tourists in Barcelona reached boiling point this weekend. Protests against mass tourism saw hotel and restaurant entrances blocked in Barceloneta, with calls for an immediate reduction in visitor numbers. Reasons for discontent Residents blame the influx of tourists for the rising cost of living, crowded public spaces and…
On Monday, the Republican National Committee (RNC) adopted a new platform, heavily influenced by former President Donald Trump. The revised platform introduces significant changes to previous GOP positions on marriage and abortion, while making ambitious economic promises. Key economic commitments include ending inflation, transforming the United States into a manufacturing powerhouse, and implementing deep tax…
Boeing has agreed to plead guilty to a criminal fraud charge linked to the tragic 737 Max crashes, the Justice Department announced Sunday. This comes months after U.S. prosecutors accused the aerospace giant of violating a 2021 settlement that had previously shielded it from criminal prosecution. As part of the settlement, Boeing will pay a…
Boeing has agreed to plead guilty to a criminal fraud charge linked to the tragic 737 Max crashes, the Justice Department announced Sunday. This comes months after U.S. prosecutors accused the aerospace giant of violating a 2021 settlement that had previously shielded it from criminal prosecution. As part of the settlement, Boeing will pay a…
The New York Times editorial board on Friday called on President Joe Biden to withdraw from the presidential race against Donald Trump, citing his poor performance in the debate the night before. “The president appeared on Thursday night as a shadow of a once-great public servant,” the Times editorial said. “He struggled to articulate what…