Last month, United Airlines CEO Scott Kirby confirmed that he approached fellow “big three” competitor American Airlines about a potential merger after several outlets broke the story on the back-room discussions. While the Dallas-based airline Read more…
BTCUSD fell to the lowest in six weeks on Thursday, with daily loss of over 3% seen on acceleration of the bear-leg that extends into third consecutive day. Fresh rise in oil prices on renewed Read more…
Personal income edged lower by 0.1% month-over-month (m/m) in April, coming in below market expectations for a 0.4% gain. After adjusting for inflation, taxes and transfers, real personal disposable income declined by 0.5% m/m. Consumer Read more…
According to the Bureau of Economic Analysis’s second estimate, the U.S. economy expanded by 1.6% quarter-on-quarter (q/q, annualized) in the first quarter – a bit lower than 2.0% reported in the advance estimate. The downgrade Read more…
Dollar weakened broadly in early US trading today, though price action remained largely rangebound against most major currencies as markets struggled to find a decisive macro direction. Elevated Treasury yields, with the US 10-year yield Read more…
Plenty of bosses promised AI would make work easier. Few mentioned it might also be watching. The technology has crept into hiring software, performance reviews and productivity dashboards faster than most workers can keep up. Read more…
For most of the past decade, the payments industry ran on a single governing idea: move money faster. Speed was the product, frictionlessness was the brand, and whoever built the fastest rails won. That idea Read more…
Amazon is the biggest online retailer in the world. It’s made tens of billions of dollars in profit, and the company uses that cash to finance its businesses and projects for future earnings growth. Despite Read more…
AppLovin has already become one of Wall Street’s more closely watched artificial-intelligence advertising stories. The company’s growth has been fast enough to raise a different question for investors: How much more can it squeeze out Read more…
US initial jobless claims rose by 5k to 215k in the week ending May 23, coming in slightly above expectations of 210k. The four-week moving average of initial claims also climbed to 209k. Continuing claims Read more…