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Alaska Airlines planes. Anadolu | Anadolu | Getty Images Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September, less than a year after inking the deal that gives…
Jerome Powell, chairman of the US Federal Reserve, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednesday, Dec. 4, 2024. Yuki Iwamura | Bloomberg | Getty Images Friday’s jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later…
Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing. Source: NYPD UnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor event held by his company. But Thompson’s death this week in the heart of corporate America’s capital has sent…
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls increased by 227,000 for the month, compared with an upwardly revised 36,000 in October and the Dow Jones consensus estimate…
Justin Sullivan | Getty Images Cryptocurrency-related stocks popped in premarket trading Thursday after the price of bitcoin soared above $100,000 for the first time overnight. MicroStrategy surged 6.1%, while Robinhood Markets and Coinbase Global climbed 4.3% and 3.5% each. Mara Holdings and Riot Platforms added around 6% and 4%, respectively. MicroStrategy has become a proxy…
A neon sign indicates that Bitcoin is accepted inside the venue of the Paralelni Polis project, an organization combining art, social sciences and modern technology, in Prague, Czech Republic, on Friday, Jan. 5, 2024. Milan Jaros | Bloomberg | Getty Images The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time…
[The stream is slated to start at 1:40 om ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference. The appearances comes two weeks ahead of when the central bank will announce its decision on…
France’s Prime Minister Michel Barnier ponders during a session of questions to the government at the National Assembly in Paris, on December 3, 2024. Julien De Rosa | Afp | Getty Images The French government once again stands on the brink of collapse, after Prime Minister Michel Barnier refused to bend to demands from right…
The benchmark U.S. 10-year Treasury yield edged lower on Tuesday as investors await data that will offer insights about the strength of the U.S. economy. The 10-year Treasury yield slipped 1 basis point to 4.182% while the yield on the 2-year Treasury dipped 4 basis point to trade at 4.159%. Yields and prices move in…
U.S. President Joe Biden meets with President-elect Donald Trump in the Oval Office at the White House in Washington, U.S., November 13, 2024. Kevin Lamarque | Reuters Investors wondering if the presidential election may usher in a bad or good time for the stock market won’t find any easy answers looking at the past. One…
