OAG’s John Grant said not all airlines took a hit because of the Summer Games. Among the “winners,” he singled out Ryanair, which significantly increased capacity to Paris this summer.Jakub Porzycki | Nurphoto | Getty ImagesRyanair Group CEO Michael O’Leary said on Saturday a prolonged Boeing workers’ strike may cut the number of aircraft it receives by next summer to 20 from an anticipated 25.O’Leary said his low-cost Irish airline, one of Boeing’s largest customers, was supposed to receive 30 737 MAX aircraft before summer 2025 but Boeing’s operational issues had already brought that number down to 25.But now, with this week’s Boeing’s workers’…
Author: usaeverydaylife
Even with recent rotation away from megacap tech stocks, there may still be a case for investing in thematic tech exchange-traded funds.Roundhill Investments runs the Roundhill Generative AI & Technology ETF (CHAT), which is up 13.8% year to date as of Friday’s market close. But despite recent volatility in the group, the firm’s CEO Dave Mazza thinks the investment thesis is still intact.”These names are still performing well,” he told CNBC’s “ETF Edge” this week. “Certainly, we saw a wobble in July and August. If you look over the last month, performance has generally been in line with the market.”The…
It was a solid quarter for the companies in our stock portfolio, with the bulk of our names reporting what we felt were good-to-great earnings reports. Continued economic growth on the back of a resilient consumer and increasing business confidence ahead of what most expect to be a lower interest rate environment helped drive the results. Our companies’ performances were reflective of the S & P 500 firms in aggregate: 81% of technology companies beat sales estimates for the second quarter, followed by health care 79% and financials 61%, according to FactSet data. Health care at 87% and industrials at…
DirecTV and Disney have reached a deal that brings Disney’s ESPN and other channels back to the pay-tv provider’s customers after a roughly two week blackout.The deal comes in time for college football this Saturday, which airs on ABC, ESPN, as well as the SEC Network and ACC Network, as well as the Emmy Awards which air on ABC. CNBC earlier reported a deal could be made as early as Saturday.Disney’s networks went dark on Sept. 1 after the two sides could not agree to terms on fees and bundle structures. The dispute left DirecTV’s more than 11 million customers…
d3sign | Moment | Getty ImagesIf you want — or need — to travel this holiday season, start planning now because the ideal time to book Thanksgiving, Christmas and New Year’s travel is fast approaching. “The most important thing is for travelers to continue to think about planning now and booking in October,” said Hayley Berg, lead economist at travel site Hopper. “That window of low prices is brief, but it can really pay off.”More from Personal Finance:American demand for international trips drives ‘travel momentum’Relocating retirees want lower costs of livingHomeowners may be ‘overconfident in their retirement readiness’But travelers who miss that…
OpenAI stormed onto the scene with ChatGPT and upended the tech world in less than two years. But over the next few months, the artificial intelligence darling will face some of its biggest tests yet.A highly anticipated partnership with Apple will supercharge its reach, putting it in front of millions of users who may have never interacted with generative AI before. A massive valuation that is growing at breakneck pace has set the stakes higher than ever, especially with interest from investors including Apple and Nvidia.A reorganization of its hybrid nonprofit and for-profit entities has drawn criticism for abandoning the…
US Federal Reserve Chair Jerome Powell arrives to testify before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024.Chris Kleponis | AFP | Getty ImagesFederal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.A week’s worth of inflation data showed that price pressures have eased substantially since their meteoric rise in 2021-22. One gauge of consumer prices showed 12-month inflation at its…
Bank of America highlighted a host of stocks that are worth snapping up — including a few names benefiting from the artificial intelligence and data center revolution. The firm said it likes companies with long-term upside potential. CNBC Pro combed through Bank of America’s research to find the best positioned buy-rated stocks. They include National Grid , Broadcom, Nvidia, Johnson Controls and Dycom Industries. Dycom Industries Analyst Alexander Waters is standing by shares of top pick Dycom. The engineering services company has a slew of positive catalysts in the pipeline, according to the firm. Waters said Dycom is a beneficiary…
The Harris campaign is launching its largest effort yet to reach Latino voters, with new spending on Spanish-language radio and an organizing push around boxing matches and baseball games as National Hispanic Heritage Month kicks off this weekend.The investments come as early voting is set to begin soon in some of the critical battlegrounds which are home to sizable Latino populations, like Arizona, Nevada and Pennsylvania.Vice President Kamala Harris will address the Congressional Hispanic Caucus Institute’s annual conference on Wednesday, according to a senior campaign official, and Minnesota Gov. Tim Walz is expected to pitch Latino voters in swing states in the coming…
A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee.Jon Cherry | Getty ImagesIt was a week of extremes for bitcoin enthusiasts. On the plus side, the cryptocurrency rose 12% in the past seven days and the network hash rate hit an all-time high. Hash rate refers to the collective computing power of all miners in the bitcoin network, and the recent high suggests there have never been more miners online, actively securing the network.At the same time, another key metric this week showed it’s increasingly difficult…
