Southwest Airlines Co. (LUV) said in its guidance for the third quarter it expects operating revenue per available seat mile to increase in the range of 3% to 5% year-over-year. The company said in a statement it now expected operating costs per available seat mile, excluding fuel and oil expense […]
US stocks were struggling for direction ahead of Wednesday’s opening bell as traders anticipated the US Federal Reserve’s rate decision later in the session. Dow futures slipped 0.1%, S&P futures declined 0.1% and Nasdaq futures also fell 0.1%. Oil prices nudged lower, with global benchmark Brent crude down 1.1% and […]
US Treasury prices added to gains Wednesday and followed European bonds higher, pushing yields lower, aided by a run of weaker inflation numbers. Still, the prices were off their highs of the day with the Federal Open Market Committee’s expected rate decision of a 25 basis-point cut, and Chair Jerome […]
Housing starts slowed in July from a month earlier and came in below expectations, with weakness concentrated in the multi-unit sector, while building permits climbed and topped analysts’ views. Privately owned home starts fell 4% to 1.19 million last month, while June’s figure was revised down to 1.24 million from […]
Theme park operator SeaWorld Entertainment (SEAS) reported mixed results for its second quarter, as attendance was up slightly but in-park spending climbed 6.4% year-on-year. The Orlando, Fla.-based company said revenue rose 3.6% to $406 million in the three months ended June 30, while the consensus on Capital IQ was for […]
Electronic Arts (EA), the second-largest gaming company in the Americas and Europe by revenue, reported late on Tuesday a jump in first-quarter sales and earnings, with operating results above internal expectations. Total net revenue increased to $1.21 billion during the three months that ended June 30, from $1.14 billion a […]
Shares of Abcam (ABC.L), a supplier of life science research tools, slumped early on Monday after the group set out plans for a program of internally funded investments to further grow the business while disclosing the departure of its chief financial offer. The Cambridge, UK-based company, which ended the fifth […]
Rail traffic in the US fell 5.6% year-over-year in the seven days that ended on July 13, according to the Association of American Railroads. Volume totaled 527,908 carloads and intermodal units last week, the AAR said on Wednesday. Carloads fell 4% from the same week the previous year to 260,762 […]
Pending home sales rose more than expected in May, as three of the four regions showed gains, led higher by lower-than-usual lending rates, the National Association of Realtors said Thursday. The pending home sales index, a forward-looking measure based on contract signings, rose 1.1% to 105.4 in May from 104.3 […]
Sales of new single-family homes in the US were lower than expected in May, government data showed Tuesday. Some 626,000 new homes were sold last month on a seasonally adjusted annual basis, according to data released by the Census Bureau and the Department of Housing and Urban Development. That missed […]