Reported 15 days ago
The ongoing U.S. government shutdown is raising significant concerns about flight safety, according to Sara Nelson, president of the Association of Flight Attendants. With federal security and air traffic control support compromised, the overall safety of airline operations is deteriorating. Nelson warns that as the shutdown continues, passengers may soon face increasing risks, with the situation becoming less safe each day. She emphasizes the urgent need for a bipartisan solution to end the shutdown and address associated crises in healthcare and aviation safety.
Source: YAHOO
Reported 15 days ago
The Federal Reserve's latest Beige Book report highlights a sluggish job market, with hiring remaining low as businesses navigate challenges from tariffs that are increasing prices and inflation pressure. While employers are avoiding layoffs, they are also reluctant to hire new workers, contributing to overall stability in employment levels across various sectors. The report suggests that the Fed may consider cutting interest rates further to stimulate the job market amidst ongoing economic uncertainties.
Source: YAHOO
Reported 15 days ago
US Treasury Secretary Scott Bessent suggested a potential extension of the pause on import duties for Chinese goods if China stops its planned export controls on rare earths. The US and China have implemented temporary truces but tensions escalated due to new tech restrictions and proposed tariffs. Economists view the actions as strategic posturing ahead of a crucial leaders’ meeting. Meanwhile, President Trump indicated the US is already in a trade war and has threatened additional tariffs.
Source: YAHOO
Reported 15 days ago
A federal judge has temporarily blocked the Trump administration's plans to lay off thousands of federal workers during the ongoing government shutdown. The ruling follows the issuance of layoff notices to over 4,100 employees, as White House Budget Director Russell Vought indicated potential layoffs could exceed 10,000. The judge expressed concerns about the legality and motivations behind the firings, citing evidence of faulty procedures and potential violations of workers' rights. A hearing is scheduled for October 28 to further discuss the case.
Source: YAHOO
Reported 15 days ago
Adtalem Global Education has announced a partnership with Google Cloud to launch an AI credential program tailored for students and healthcare professionals, debuting in 2026. This program will equip participants with practical experience in using AI tools like Gemini models and Vertex AI services, along with coursework on ethical considerations and patient safety. The initiative aims to address the workforce challenges in healthcare by enhancing clinicians' confidence in adopting AI technology, amidst concerns about job security due to automation.
Source: YAHOO
Reported 15 days ago
Source: YAHOO
Reported 15 days ago
J.B. Hunt Transport Services reported third-quarter earnings that exceeded expectations, leading to a nearly 12% surge in its stock after market hours. The company's consolidated revenue for Q3 was $3.05 billion, slightly surpassing analyst estimates. Cost control measures helped improve operating income by 8% year-over-year and boosted earnings per share to $1.76, surpassing forecasts by 30 cents. The firm will discuss these results during a call scheduled for Wednesday at 5 p.m. EDT.
Source: YAHOO
Reported 15 days ago
A recent war of words between banks and private credit firms has erupted after JPMorgan's Jamie Dimon criticized the auto lender Tricolor Holdings, suggesting that many problems arise from the banking sector itself. This sparked a response from private credit executives, including Marc Lipschultz of Blue Owl Capital, who countered that the issues stem from banks’ practices rather than those of newer lending entities. The tensions highlight the evolving financing landscape as traditional banks contend with the rise of private credit firms, each defending their position amidst concerns over potential economic downturns.
Source: YAHOO
Reported 15 days ago
President Donald Trump has mandated the Defense Department to allocate available funds to guarantee military personnel receive their paychecks during the ongoing government shutdown. This controversial decision, which could prolong the 15-day budget impasse, allows for the use of unspent funds from other accounts, although it raises legal concerns regarding presidential spending authority. The Pentagon confirmed that troops were paid on the first payday since the shutdown, avoiding a historic lapse in military pay.
Source: YAHOO
Reported 15 days ago
Bunge's stock surged 13% leading the S&P 500 gains as President Trump threatened to ban U.S. purchases of Chinese cooking oil, while Progressive's shares fell 6% due to disappointing quarterly earnings. The market was volatile with major indices like the S&P 500 up 0.4%, driven by strong performances from several financial and semiconductor firms.
Source: YAHOO
Reported 15 days ago
Meta Platforms Inc. is investing over $1.5 billion to construct a gigawatt-sized data center in El Paso, Texas, aimed at enhancing its artificial intelligence initiatives. Set to become operational by 2028, this data center will support advanced computing for AI projects, part of a broader strategy where Meta is heavily investing in AI infrastructure alongside competitors. CEO Mark Zuckerberg emphasizes the importance of staying ahead in AI technology, indicating that the company may spend up to $72 billion this year on related capital projects.
Source: YAHOO
Reported 15 days ago
LVMH reports strong sales growth in the U.S., driven by affluent consumers who continue to indulge in luxury goods despite broader trends toward value-seeking. With a 3% increase in Q3 revenue year-over-year, LVMH cites the U.S. as a key market for its fashion, leather, watches, and beauty brands, while affluent Americans benefit from a booming stock market, suggesting a pivotal reliance on wealthier consumers in the economy.
Source: YAHOO
Reported 15 days ago
Source: YAHOO
Reported 15 days ago
Citizens Financial Group, a major U.S. regional bank, has expressed a minimal interest in participating in mergers and acquisitions, instead focusing on strengthening its existing businesses and private banking efforts. CEO Bruce Van Saun indicated that the bank would prefer to utilize excess capital for share repurchases rather than expansion through acquisitions, citing strong internal growth and profitability. The bank reported a significant increase in net income and earnings per share for the third quarter, highlighting its priority on organic growth and strategic investments.
Source: YAHOO
Reported 15 days ago
A growing number of Americans are facing underwater car loans, where their vehicle is worth less than the amount owed. Recent data shows that over 28% of trade-ins for new cars have negative equity, the highest since 2021, with an average debt of $6,905. Rising car prices, now exceeding $50,000 on average, along with increasing loan delinquencies, indicate significant distress within the automotive industry, exacerbated by high interest rates and economic pressures.
Source: YAHOO
Reported 15 days ago
United Airlines exceeded third-quarter earnings expectations with adjusted earnings of $2.78 per share, up from the estimated $2.66. The company also reported a slight revenue miss of $15.23 billion compared to the $15.28 billion predicted, attributing success to a 6% year-over-year increase in premium cabin bookings. Following Delta Air Lines' strong performance last week, United's outlook for the fourth quarter surpassed Wall Street forecasts, indicating continued strength in their premium offerings.
Source: YAHOO
Reported 15 days ago
The ongoing government shutdown, which started on October 1, is increasingly likely to extend into November, raising concerns about its impact on essential services and the upcoming Thanksgiving travel season. Lawmakers face a deadlock, leading analysts to predict that pressure for resolution will grow as critical deadlines approach, including healthcare enrollment and military paychecks. If the shutdown continues beyond November 4, it will set a record as the longest in U.S. history.
Source: YAHOO
Reported 15 days ago
Walmart's stock has achieved record highs for two consecutive days, reaching over $109, following its announcement of a partnership with OpenAI to enhance shopping experiences through AI. This collaboration is expected to facilitate instant checkout and conversational interactions on its website. Investors are advised to monitor key support levels at $105, $100, and $96, while a bullish target for the stock is projected at $113 based on technical analysis.
Source: YAHOO
Reported 15 days ago
U.S. stocks showed slight gains on Wednesday as the S&P 500 rose 0.4% and the Nasdaq gained 0.7%, buoyed by strong earnings from major banks and hopes for interest rate cuts despite ongoing U.S.-China trade tensions. Bank of America reported a 23% profit jump, while Morgan Stanley's profits surged 45%. However, markets remain cautious with a government shutdown ahead and threats of potential trade restrictions from the U.S. against China.
Source: YAHOO
Reported 15 days ago
On October 15, 2025, most major US stock indexes experienced gains after a volatile trading day, with the S&P 500 rising by 0.4% and the Nasdaq composite increasing by 0.7%, while the Dow Jones Industrial Average saw a slight decrease of less than 0.1%. The fluctuation in the market followed President Trump's tariff threats towards China, impacting trading patterns. Over the week, the S&P 500 rose 1.8%, the Dow gained 1.7%, and the Nasdaq increased by 2.1%.
Source: YAHOO
Reported 15 days ago
United Airlines has reported a strong performance in Q3, surpassing earnings expectations with adjusted earnings per share of $2.78. Despite a slight miss in operating revenue, the airline forecasts an adjusted EPS for Q4 between $3.00 and $3.50, aiming to move away from a commodity-oriented business model. CEO Scott Kirby emphasized the airline's investment in customer experience as a key to retaining loyalty and achieving economic resilience amid macroeconomic fluctuations.
Source: YAHOO
Reported 15 days ago
U.S. Bancorp has established a new unit dedicated to digital assets and money movement, aimed at accelerating the development of digital products and increasing revenue from emerging financial services. Led by Jamie Walker, the unit will focus on areas such as stablecoin issuance and cryptocurrency custody, addressing clients' needs for safe money movement and asset management.
Source: YAHOO
Reported 15 days ago
Morgan Stanley's third-quarter profit exceeded expectations, driven by a record revenue surge in dealmaking and investment banking, with shares rising 6.7% to a new high. The company reported a profit of $4.6 billion, outperforming forecasts of $2.10 per share, and total revenue hitting $18.2 billion. This growth was bolstered by a 44% increase in investment banking revenue and a thriving equities business. The optimistic outlook for future deal activity and improving economic conditions contributes to the overall positive performance.
Source: YAHOO
Reported 15 days ago
Tesla is urging the Delaware Supreme Court to restore Elon Musk's $56 billion compensation package, which a lower court rescinded in January 2024. Tesla's attorney contends that last year's shareholder vote to approve the pay package should be honored, citing it as one of the most informed decisions in Delaware's history. The ongoing legal battle has implications for Delaware's corporate law and could influence future company governance as Tesla, among others, has shifted its legal base in response to perceived legal challenges.
Source: YAHOO
Reported 15 days ago
As the Medicare open enrollment period begins, beneficiaries must navigate the complex Plan Compare tool to choose coverage that significantly impacts their health and finances. With over 40 Medicare Advantage plans to consider, users should define their preferences, focus on out-of-pocket limits rather than premiums, and thoroughly research provider networks and pharmacy options. For personalized help, engaging a SHIP counselor is recommended, as the decision-making process is crucial and varies annually.
Source: YAHOO