Delta Air Lines announced on Thursday its projection of record revenue for the third quarter, thanks to a surge in summer travel demand. However, the airline’s forecast fell short of analysts’ estimates as fares were discounted due to an increase in flights by carriers. The expected sales growth for Delta in the current quarter is
The upcoming Summer Olympics in Paris are creating a buzz in the sports betting industry. With legal gambling becoming more widespread in the U.S., sportsbooks and daily fantasy operators are gearing up to capitalize on the gaming opportunities presented by the global event. The games are scheduled to begin on July 26, and experts predict
The persistence of housing inflation at elevated levels in the U.S. economy has been a cause for concern, even as overall inflation has shown signs of cooling in recent times. Economists have pointed out that the slow decline in housing inflation is a key factor holding back the consumer price index from reaching the target
In recent months, inflation rates have shown signs of easing, providing some relief for consumers. The consumer price index, a key measurement of inflation, rose 3% in June compared to the previous year, a slight decrease from the 3.3% recorded in May. This decline in inflation can be attributed to various factors, including lower gasoline
The U.S. Department of the Treasury and the IRS recently celebrated a significant milestone of collecting over $1 billion in tax debt from high-income individuals in the past year. This achievement was hailed as a major success by Treasury Secretary Janet Yellen, emphasizing the importance of targeting those making above $1 million annually with substantial
Over the past few years, China has been focused on developing robotaxis, and this initiative is finally starting to resonate with consumers. However, as local Chinese governments begin to allow domestic players to operate robotaxi services for the public, taxi drivers are becoming increasingly anxious about the threat of losing their jobs due to heightened
Recent news from Wall Street reveals that a wave of new cryptocurrency exchange-traded funds (ETFs) focused on ethereum is set to hit the market. This development comes on the heels of the successful launch of spot bitcoin ETFs earlier this year. Matthew Hougan, Chief Investment Officer of Bitwise Asset Management, is particularly optimistic about the
The Federal Trade Commission is reportedly gearing up to take legal action against three of the largest U.S. health companies that operate as middlemen in negotiating medication prices. These companies, which include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts, are accused of engaging in practices that drive up costs for patients.
The upcoming presidential election between President Joe Biden and former President Donald Trump has left many investors feeling anxious about the possible impact on their investments. In a survey conducted by investment company Betterment, it was revealed that 57% of investors are feeling nervous about the election, with 40% expecting to make changes to their
As the NASA astronauts continue to be docked at the International Space Station beyond their scheduled stint, concerns have been raised regarding the contingency plans for their return. While Boeing’s Starliner was initially the primary choice for bringing the crew back to Earth, recent developments have warranted a reevaluation of the available options. Potential Alternatives