Summary: Investors who have suffered losses in MediaAlpha, Inc. (NYSE: MAX) are encouraged to contact the provided source.
Full articleSummary: The Federal Aviation Administration is investigating how titanium with potentially falsified records made its way onto commercial jets manufactured by Airbus SE and Boeing Co. The titanium was used in parts made by suppliers including Spirit AeroSystems Holdings Inc., and the industry has long been trying to combat unauthorized parts entering the aviation supply chain.
Full articleSummary: Major U.S. equity indices and S&P 500 sectors are trading lower due to rising investor anxiety over interest rates, with 30-year Treasury yields surging. Traders are trimming Fed rate cut expectations, showing only one rate cut fully priced in for the year. American Airlines Group Inc. drops over 14% following analyst downgrades, while Marathon Oil Corp rises nearly 10% in response to an acquisition deal.
Full articleSummary: Stock market indexes remained lower today amidst growing concerns of inflation ahead of a key Fed report, impacting major indexes and sectors like health care. The Dow Jones and S&P 500 declined, while the Nasdaq had a slightly better performance. Yield on the 10-year Treasury note jumped, leading to worries about potential rate cuts being pushed back. Companies such as Tesla, C3.ai, UnitedHealth Group, and Salesforce experienced stock movements related to earnings, acquisitions, or market sentiment.
Full articleSummary: Market opened in the red as Nasdaq hits a record high, Hess shareholders approve Chevron merger, ConocoPhillips to acquire Marathon Oil, focus on AI race with upcoming earnings from Salesforce and HP. Other trending tickers include Chewy, American Airlines, and Netflix.
Full articleSummary: U.S. stocks fell on Wednesday driven by rising Treasury yields and weakness in industrials especially in airlines stocks after American Airlines cut its profit guidance for Q2. Energy stocks also experienced a decline despite Marathon Oil Corporation agreeing to be acquired by ConocoPhillips. US Treasury yields continued to climb ahead of PCE data.
Full articleSummary: Stocks slid on Wednesday due to turbulent trading in Nvidia and rising Treasury yields. Tech stocks like Nvidia fluctuated, causing uncertainty in the market. Despite strong gains earlier in the month, weakness was seen across various sectors including airlines and healthcare services.
Full articleSummary: 1. Nasdaq Composite closed above 17,000 for the first time driven by surge in Nvidia shares. 2. Federal Reserve's Kashkari seeks more inflation data before considering interest rate cuts. 3. American Airlines slashes second-quarter sales outlook, causing shares to fall over 8% in extended trading.
Full articleSummary: U.S. stocks fell on Wednesday on concerns of upcoming inflation data leading to potential delay in interest rate cuts by the Federal Reserve. Rate jitters are rising amid hawkish Fedspeak and anticipation of the upcoming PCE data.
Full articleSummary: The Wall Street Journal analyzed CEO pay versus performance for travel companies in the S&P 500 in 2023. Glenn Fogel of Booking Holdings was the highest-paid travel CEO at $46.7 million and achieved top shareholder returns, along with CEOs of Delta Air Lines, Host Hotels, and Royal Caribbean. Not all top-paid CEOs had top industry returns, like Robert Isom of American Airlines and Chris Nassetta of Hilton.
Full articleSummary: Charles Schwab Investment Management Inc. reduced its position in American Airlines Group by 2.0% in the fourth quarter, while other institutional investors also made changes to their positions in the company. American Airlines Group reported its quarterly earnings results with a net margin of 0.94% and a negative return on equity of 31.65%. Various analysts have given ratings to the stock, with an average rating of 'Moderate Buy' and a consensus price target of $17.62.
Full article