Delta shares plunge after lower-than-expected profit forecast despite surge in travel
Delta Air Lines shares fell more than 5% on Thursday after the airline forecast weaker-than-expected quarterly profit despite a surge in travel demand this summer. Atlanta-based airline Delta forecast adjusted earnings per share of $1.70 to $2.00 for the third quarter ending in September, below analysts’ expectations of $2.05, and blamed discounting pressures at the […]
Silver (XAG) Daily Forecast: Price at $30.77; Rate Cut Speculation at 73% – FX Empire
Potential Federal Reserve Rate Cuts and Silver Prices The possibility of the US Federal Reserve (Fed) cutting interest rates has been a key factor in predicting silver prices, with the 10-year Treasury yield falling nearly 2 basis points to 4.27%, reflecting market expectations of a Fed rate cut. According to the CME FedWatch tool, there […]
Gold Prices Forecast: Can CPI Data Ignite Rally to New Record High? – FX Empire
Future Catalysts Next week’s trading will likely depend on the Consumer Price Index (CPI) report for June. Economists expect the headline CPI to rise 0.2% and the core CPI to remain unchanged. A weaker-than-expected inflation reading could bolster expectations of a rate cut. Fed Chairman Powell’s two-day congressional testimony, which begins on Tuesday, will be […]
Social Security COLA: New 2025 Forecast Could Delight Many Retirees – VIBUS News
Social Security COLA For many retirees, this is a vital lifeline. Social Security AdministrationNearly half of households with someone aged 65 or older depend on Social Security for at least 50 percent of their income. Without it, millions of seniors would fall into poverty. Many elderly people social security Living expenses per year Cost of […]
Tories reeling from ‘catastrophic’ election poll forecast | General election 2024
The Conservative Party has been reeling from “disastrous” exit polls which predicted it would win just 131 seats – its worst election result since the party was formed. Rishi Sunak’s party is forecast to lose 241 seats overnight, giving Labour a comfortable majority of 170 seats, according to exit polls from the BBC, ITV and […]
7M in Texas included in Hurricane Beryl’s forecast cone
About 7 million people in South Texas live in the area where Hurricane Beryl is expected to hit early next week, putting them at risk of heavy rain, dangerous rip currents and strong winds. “If I lived in Texas, and I’ve ever lived in Texas, this would be a storm I would watch closely,” said […]
BCA Research issues gloomy forecast for US stock market
John Koudounis, president and CEO of Calamos Investments, said he doesn’t expect central banks to raise interest rates and that there is still “sideline” money in the market. There will likely be problems in the future US Stock MarketAccording to BCA Research. Contrary to popular belief, the economy is in a tailspin, Peter Berezin, chief […]
Gold Price Forecast: Struggles Below Key Moving Averages – FX Empire
Resistance is again seen at the 20-day moving average Looking ahead to next week, unless gold can break above this week’s high of 2,340, prices will likely fall. The 20-day moving average fell below the 50-day moving average three weeks ago, signaling a bearish trend. Additionally, the 50-day moving average has acted as resistance all […]
Gold Price Forecast: Faces Mixed Signals Amid Downtrend Correction – FX Empire
Anything above 2,339 indicates strength Another trendline and the 50-day moving average point to higher potential resistance near 2,339. That said, gold is likely to continue in retracement until it sees a rise above the swing high of 2,369. As the week ends, this week’s high, along with the 50-day line, provide a key lower […]
FedEx stock surges as profit forecast tops analyst expectations By Investing.com – Investing.com
FedEx Corp. (NYSE:) shares jumped more than 15% in after-hours trading after the company reported fourth-quarter profit that beat Wall Street expectations and a strong earnings outlook for fiscal 2025. The logistics giant reported adjusted earnings per share of $5.41, beating analysts’ expectations of $5.34. Revenue for the quarter was $22.1 billion, slightly above the […]