Author: Press Room

Delta Air Lines posted a wider loss than it previously estimated for the first three months of the year but forecast revenue growth and profits for the second quarter that were ahead of analysts’ estimates, signaling strong travel demand despite weakness in other sectors.The Atlanta-based carrier said it expects sales in the current quarter to increase by 15% to 17% over last year, with adjusted operating margins of as much as 16% and adjusted earnings per share of between $2 to $2.25. Analysts polled by Refinitiv had anticipated second-quarter revenue growth of 14.7% and earnings per share of $1.66. The…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. After more than a year of soaring prices monopolizing the attention of Wall Street, Main Street, economists, and journalists, the tide may be turning.  According to some experts, inflation rates have reached an inflection point and painful interest rate hikes could soon ease.  The US Consumer Price Index, a widely used measure of inflation, has shown a significant deceleration since it shot up…

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The Dogecoin price has risen by 6% in the past 24 hours, following a tweet from Elon Musk that promised to pay “a million Dogecoin” for proof that he and/or his family once owned an emerald mine in South Africa.At $0.087026, DOGE is down by 6.5% in a week but up by 19% in the last 30 days, as well as by 23.5% since the beginning of the year.The meme token’s latest Musk-inspired rally follows similar surges in the year to date, with the Dogecoin community continuing to hold out hope that the Twitter owner will follow through on earlier…

The news: Visa is piloting a new service that lets users transfer money to people who don’t use the same peer-to-peer (P2P) payment service, per a press release. Dubbed Visa+, this interoperable offering will connect Venmo and PayPal in the US later this year before integrating across more payment platforms. While PayPal does own Venmo, it’s currently impossible to transfer money in real time between the two apps.How it works: Visa+ users won’t need a Visa card. Instead, they’ll set up a personalized payment address linked to either their Venmo or PayPal account that will let them send and receive…

Instagram has been testing its Creator Marketplace feature since July 2022. Some creators have been unimpressed with the marketplace due to a lack of opportunities. Instagram is now onboarding third-party influencer-marketing platforms and agencies. Here’s what to know. Despite being less than a year old, Instagram’s test of a creator marketplace has already had its share of ups and downs.The marketplace, which was pitched to creators and brands as an influencer-marketing and monetization solution, started out with high expectations. Creators were excited about the feature, and in its early testing days, the brand sponsorship rates were “relatively competitive,” according to…

Co-produced with “Hidden Opportunities.” Market commentators love speculating which direction markets are heading and when they will likely turn. They are as right as much as they are wrong; do you want to bet your retirement at these odds? The media loves interviewing expert speculators, but they’re not much use to investors with a long-term focus. From time to time, investors get lucky, but any experienced investor will tell you that it’s challenging to time the market – so you’re usually better off not trying to bet on which direction the market will go next week. Instead, it is best…

The German government is pushing Intel to expand the scale of investment in its €17bn new chip plant in the country, in exchange for higher state subsidies for the landmark project.The US semiconductor group is due to receive €6.8bn in subsidies from Berlin to build its mega fab, or manufacturing plant, in the eastern city of Magdeburg, the largest foreign direct investment in Germany since the second world war. People close to the company said Intel wanted subsidies to rise to at least €10bn, citing higher energy and construction costs. German officials said they could increase the financial support, but…

The Pentagon has begun to limit who across the government receives its highly classified daily intelligence briefs following a major leak of classified information discovered last week. Some US officials who used to receive the briefing materials daily have stopped receiving it in recent days, sources familiar with the matter told CNN, as the Pentagon’s Joint Staff continues to whittle down its distribution lists. The Joint Staff, which comprises the Defense Department’s most senior uniformed leadership that advises the president, began examining its distribution lists immediately after learning of the trove of leaked classified documents – many of which had…

Shares of Johnson & Johnson JNJ slumped 0.21% to $163.92 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.41% to 4,091.95 and Dow Jones Industrial Average DJIA falling 0.11% to 33,646.50. This was the stock’s fourth consecutive day of losses. Johnson & Johnson closed $22.77 below its 52-week high ($186.69), which the company achieved on April 25th. The stock underperformed when compared to some of its competitors Wednesday, as Procter & Gamble… Read the full article here