Leslie Josephs@lesliejosephs American Airlineswill slash its capacity growth in the second half of the year and consider a host of other changes to a sales strategy that backfired, CEO Robert Isom said Wednesday. The comments come a day after the carrier cut its revenue and profit forecast and said it is parting......
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Published Wed, May 29 20245:36 PM EDTUpdated Moments Ago Activist investor Nelson Peltz has sold his entire stake in Disney , a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the position. The......
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Lee Ying Shan@LeeYingshan The Bank of Israel on Monday announced it will sell up to $30 billion in foreign reserves in a bid to support its domestic currency which has fallen sharply following the deadly incursion by Hamas militants over the weekend. “The Bank will operate in the market during the coming......
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On! RI Most Frequently Holds ASEAN Summits Compared to its Neighbors Jakarta, Indonesia – Indonesia will hold the ASEAN High Level Conference (KTT) for the first time after the Covid-19 pandemic. This ASEAN Summit will be held twice a year in person. Indonesia is recorded as hosting the ASEAN Summit for the......
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Leslie Josephs@lesliejosephs JetBlue Airways said Wednesday that it will end its partnership in the northeastern U.S. with American Airlines after a federal judge ordered the carriers to end the agreement, as the New York airline focuses on its acquisition of Spirit Airlines instead. American said in June that it would challenge the......
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Hugh Son @hugh_son raised a key performance target on the heels of its government-brokered takeover of First Republic earlier this month. The bank will generate about $84 billion in net interest income this year, New York-based JPMorgan said Monday in slides for an all-day investor presentation. That’s $3 billion higher than guidance......
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Sean Conlon@SeanAustin96 Demand for bond ETFs appears to be rising. According to MarketAxess CEO Chris Concannon, there are signs Treasury ETFs are on the cusp of substantial inflows. “We’re about to see what I’d call [a] bond renaissance,” the electronic-trading platform CEO told CNBC’s “ETF Edge” this week. “The Fed is still......
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Tanaya Macheel tanayamac American Express — The credit card company saw an 11% jump in its shares after it issued upbeat earnings and revenue guidance for 2023 that was better than expected by Wall Street analysts. The company also said it will increase its dividend by 15%. Intel — The chipmaker......
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Taonga Clifford MitimingiTaonga Clifford Mitimingi and and Jacob GuJacob Gu January 24, 2023 at 5:43 AM GMT+7January 24, 2023 at 5:43 AM GMT+7 China invoked the US’s brinkmanship over its own debt limit as it hit back at Treasury Secretary Janet Yellen’s criticism of Beijing’s handling of debt issues in developing countries.......
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Federal Reserve Chairman Jerome Powell has tested positive for Covid-19, the central bank announced Wednesday morning. Powell, 69, is “experiencing mild symptoms,” according to the announcement. “Chair Powell is up to date with COVID-19 vaccines and boosters. Following Centers for Disease Control and Prevention guidance, he is working remotely while isolating at......
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