In a recent announcement, Delta Air Lines revealed that the CrowdStrike outage that occurred last month resulted in significant financial losses for the company. The airline indicated that the total cost of the outage and subsequent flight cancellations amounted to approximately $550 million. This included a $380 million revenue hit in the current quarter due
Eli Lilly’s second-quarter financial performance has exceeded all expectations, with both earnings and revenue far surpassing projections. The company’s revenue outlook for the full year has been revised upward by a staggering $3 billion. This incredible achievement is mostly attributed to the exceptional sales of their flagship diabetes drug, Mounjaro, and the weight loss injection,
Recent reports from the Federal Reserve Bank of New York and TransUnion have revealed some alarming statistics regarding credit card debt in America. The total credit card debt in the country has reached a record high of $1.14 trillion, with the average balance per consumer standing at $6,329. This represents a 4.8% increase year over
Luxury fashion house Dolce and Gabbana recently launched a perfume for dogs, priced at over $100, sparking concerns from animal welfare organizations. The fragrance, named Fefé after the pet dog of brand-owner Domenico Dolce, boasts a blend of “fresh and delicate notes of Ylang Ylang, Musk, and Sandalwood” and comes in a lavish green lacquered
European policymakers have been keen on seeing bigger banks emerge across the continent, and Italy seems to be on the brink of fulfilling this desire with a potential wave of mergers and acquisitions looming on the horizon. Following a tumultuous period marked by a sovereign debt crisis and the government bailout of Banca Monte dei
Siemens, a German industrial technology giant, recently announced a quarterly operating profit that exceeded expectations and also confirmed its full-year outlook. The company reported an industrial profit of 3 billion euros in the quarter ending in June, which was an 11% increase from the previous year. This figure surpassed analyst estimates, showcasing a strong performance
As we analyze the current state of office demand in the U.S., it is essential to consider the performance of key stocks in the market. SL Green has seen a significant increase, with a 12% growth in just a month and a remarkable 20% gain over the past three months. However, it is worth noting
Jamie Dimon, CEO of JPMorgan Chase, recently stated that he believes the chances of a “soft landing” for the U.S. economy are relatively low, with a probability ranging from 35% to 40%. According to Dimon, a recession is the most likely scenario at this point in time. Despite some fluctuations in the markets, Dimon’s view
The U.S. stock market showed signs of recovery on Wednesday after a three-day losing streak. The S & P 500, Dow Jones Industrial Average, and Nasdaq Composite all experienced gains, with the S & P 500 climbing 1.5%, and the Dow and Nasdaq jumping 1% and 1.9%, respectively. Jim Cramer described the day as a
As more retirees struggle to make ends meet, there has been growing bipartisan support for exempting Social Security benefits from income taxes. This issue has gained attention in the 2024 election cycle, with Former President Donald Trump proposing a federal tax exemption and Minnesota Governor Tim Walz implementing state legislation in partnership with Vice President