China is expected to see a record-level of passenger air travel in 2024, according to the Civil Aviation Administration of China.All Copyrights Belong To Jingying Zhao | Moment | Getty ImagesChina is expecting air passenger travel to hit a record in 2024, bouncing past pre-pandemic levels.Passenger flights may reach 700 million this year, Song Zhiyong, head of the Civil Aviation Administration, said Tuesday at the Asia Pacific Summit for Aviation Safety, according to China’s State Council.In the first half of this year, total passenger trips rose nine percent from the same period in 2019, the State Council added, signaling that China’s…
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Indian paramilitary troopers patrol along a road in Srinagar on December 11, 2023, ahead of Supreme Court’s verdict on Article 370.Tauseef Mustafa | AFP | Getty ImagesResidents of Indian-controlled Kashmir are gearing up for their first regional election in a decade that will allow them to have their own truncated government, also known as a local assembly, instead of remaining under New Delhi’s direct rule.Muslim-majority Kashmir is divided between nuclear-armed rivals India and Pakistan and claimed in its entirety by both. The Indian-administered part has been on edge since Prime Minister Narendra Modi’s government ended its special status in 2019 and also…
Check out the companies making headlines in extended trading: Nordstrom — Shares jumped about 7% after the company’s second-quarter earnings topped analysts’ estimates. The retailer reported adjusted earnings of 96 cents per share, topping consensus forecasts of 71 cents per share, according to LSEG. Meanwhile, revenue of $3.89 billion missed the estimate for $3.90 billion. Ambarella — The semiconductor developer surged 20% after posting upbeat revenue guidance for the fiscal third quarter . Ambarella sees third-quarter revenue ranging from $77 million to $81 million, while analysts polled by LSEG called for $69 million. The company also beat the Street’s estimates…
Brent Lewin | Bloomberg | Getty ImagesPetroChina Co. posted record operating profits for the first half of the year on the back of strong drilling output and higher oil prices, which allowed it to offset weak fuel demand in China.China’s largest oil and gas company posted a net income of 88.61 billion yuan ($12.44 billion) for the six months through June, climbing 3.9% compared to the same period last year. The company’s total revenue climbed 5% to 1.554 trillion yuan for the reporting period.”This was primarily due to the Group’s increase in the sales price of crude oil and gasoline,…
Investors with an eye toward income generation — especially as they look toward retirement — may want to consider fine-tuning their “balanced” portfolios, according to recent research from BlackRock. The S & P 500 has surged 17% in 2024, rising on exuberance around tech and the artificial intelligence trade. Tech darling Nvidia , up more than 150% this year, accounts for more than 6% of the broad market index’s weighting. .SPX YTD mountain S & P 500 in 2024 As exciting as those gains may be, investors nearing retirement are courting plenty of risk by allowing Big Tech’s run drive…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDr. Kavita Patel joins ‘Fast Money’ to talk Eli Lilly’s GLP-1 entrant cutting diabetes risk, the weight-loss drugs sector as a whole, and more.05:59Tue, Aug 20 20246:18 PM EDT Source link
US President Joe Biden speaks about strengthening US ports and supply chains after the International Longshore and Warehouse Union and the Pacific Maritime Association finalized a new contract covering west coast ports, in the State Dining Room of the White House in Washington, DC, on September 6, 2023.Jim Watson | Afp | Getty ImagesPresident Joe Biden is flaunting his investments in Black- and Latino-owned small businesses as the Latino vote slips from his grasp heading into the 2024 election year.The president on Wednesday highlighted the parts of his Investing in America agenda aimed at supporting small businesses at Wisconsin’s Black…
Former U.S. President Donald Trump delivers remarks during an event following his arraignment on classified document charges, at Trump National Golf Club in Bedminster, New Jersey, on June 13, 2023.Amr Alfiky | ReutersSpecial counsel Jack Smith on Monday urged a federal appeals court to reverse a lower court’s decision to dismiss the criminal case charging former President Donald Trump with mishandling classified documents.U.S. District Judge Aileen Cannon in a stunning move in mid-July threw out that case on the grounds that Smith’s appointment violated the U.S. Constitution.Smith in Monday’s court brief argued that Cannon’s ruling strayed from binding legal precedent,…
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy’s value in an $11.7 billion sale to tech giant Hewlett Packard.Chris Ratcliffe | Bloomberg | Getty ImagesLONDON — British technology entrepreneur Mike Lynch has been found dead in the wreckage of his superyacht, which sank off the coast of Sicily earlier this week. He was 59 years old.Just two months ago, Lynch won a stunning victory in a landmark U.S. trial over allegations from Hewlett Packard that he…
An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. David Ryder | Bloomberg | Getty ImagesAlaska Airlines flight attendants rejected a new labor deal that would have come with immediate raises averaging more than 24%, their union said Wednesday, setting both sides up for more talks as a merger with Hawaiian Airlines looms.The union and the company had reached a tentative “record” agreement in June, which included boarding pay, as well as back pay, on top of average pay increases of about 32% over the three-year deal,…
