Delta Air Lines recently forecasted record revenue for the third quarter, thanks to booming summer travel demand. However, the company fell short of analysts’ estimates due to increasing competition and fare discounts resulting from expanded flights. The company anticipated sales to rise by up to 4%, below the 5.8% growth estimated by analysts. Additionally, Delta
China has been at the forefront of developing and implementing robotaxi services, with major players like Baidu’s Apollo Go making significant strides in the market. While the rise of robotaxis is gaining traction with consumers, it is also causing concern among traditional taxi drivers who fear losing their livelihoods due to increased competition. The trend
The buzz on Wall Street is all about the impending launch of a new wave of cryptocurrency exchange-traded funds, this time focusing on Ethereum. As the U.S. Securities and Exchange Commission considers approving spot ether ETFs, Bitwise Asset Management’s chief investment officer, Matthew Hougan, is gearing up to make his mark in this burgeoning market.
As NASA astronauts continue their extended stay at the International Space Station on Boeing’s Starliner spacecraft named “Calypso,” the agency’s leadership is considering potential alternatives for returning the crew to Earth. While Starliner remains the primary option for bringing back the astronauts, there are discussions about contingency plans involving SpaceX’s Crew Dragon. The recent testing
Costco recently announced that it will be raising its membership fees for both the U.S. and Canada starting September 1st. The increase will affect both regular and executive members, with annual fees going up by $5. This decision comes after Costco’s last rate hike in June 2017, making it the first increase in almost five
The Federal Trade Commission (FTC) is taking aim at three major U.S. health companies for their practices as middlemen in negotiating prices for medications like insulin. The agency alleges that these companies are contributing to inflated costs for patients, prompting legal action to be taken. This move is part of a larger effort to address
While the share of people with medical debt in collections reported on credit reports has decreased over the past decade, the median balance of such debts has increased significantly. Research conducted by the Urban Institute found that in 2013, 19.5% of Americans had medical debt in collections, a number that dropped to 5% by 2023.
The upcoming presidential election has many investors feeling anxious about the impact it may have on their money. A survey conducted by investment company Betterment found that 57% of investors are nervous about the election, with 40% expecting to make changes to their investments based on the outcome. Across different age groups, from Generation Z
President Joe Biden’s administration is planning on releasing a final rule on student loan relief in October according to the U.S. Department of Education’s Spring 2024 Unified Agenda. This move has sparked discussions about the potential impact of debt forgiveness on the upcoming election. Experts like Mark Kantrowitz have pointed out that the administration could
Bill Gross, a seasoned investor, has raised concerns about the behavior of Tesla stock in the market. He compared Tesla’s current situation to a speculative play among retail investors, noting its resemblance to a meme stock. Despite Tesla’s recent 10-day winning streak and impressive rally following a strong delivery report, Gross questions whether the fundamentals