Strong Demand And Lower Fuel Prices Have American Airlines Raising Expectations
American Airlines (AAL) announced it expects its second quarter profit to come in higher than it had initially expected, as jet fuel costs have sagged and travel demand has surged.…
Ukrainian Grain Ban Extended By The EU
According to a new Reuters report, a ban on imports of Ukrainian grain to Poland, Slovakia, Hungary, Romania and Bulgaria has been extended by the European Commission until September 15,…
Canadian Exports Surge
Canadian exports rose 2.5% in April, striking an all-time high by volume, as imports declines 0.2%, in part due to a decrease in energy products, according to data released Wednesday…
SEC Seeks To Freeze All US Assets Of Binance.US
On Tuesday, the US Securities and Exchange Commission (SEC) requested that a federal court issue a temporary restraining order freezing all US assets of Binance, the largest cryptocurrency exchange in…
German Factory Orders Drying Up As Industrial Activity Grinds To A Halt
In April, factory orders in Germany fell as persistent inflation drove a reduction in large-scale purchases, according to data from the nation’s federal statistics office Destatis, released on Tuesday. New…
The EU Is Becoming Cash Strapped
On Monday, Handelsblatt newspaper reported that even as it is already squeezed by several persistent crises, including the conflict in Ukraine, migration, and energy supply shortages, now higher interest rates…
Binance Charged By SEC With Illegal Operation
On Monday, the Security and Exchange Commission (SEC) filed 13 charges against Binance, the largest cryptocurrency exchange in the world, as well as its cofounder Changpeng Zhao, for allegedly running…
Oil Prices Fall Following Saudi Production Cuts
Despite a recent announcement by Saudi Arabia that it would dramatically cut its production output of crude oil, oil prices fell on Tuesday. The downward movement of crude indicates demand…
Eurozone Economy Decelerates
The European Central Bank (ECB) has reported that growth in the Eurozone has almost stalled entirely in 2023, following the effects of higher energy costs and supply bottlenecks. Speaking to…
Advanced Auto Parts Shares Fall As EPS Forecast Is Slashed
On Wednesday, following a cut to its full-year guidance, and a reduction in its dividend, Advanced Auto Parts (AAP) closed down a massive 35%. The auto parts retailer widely missed…
