Business

Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its projection fell short of analysts’ estimates as carriers discounted fares after flooding the market with flights. In the current quarter, Delta expects sales to rise no more than 4%, below the 5.8% growth analysts polled
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Charday Penn | E+ | Getty Images Up to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what’s being called “the horizontal wealth transfer,” according to a new report. Over the next 20 to 30 years, aging baby boomers and older generations are expected
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The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million. Daniel Petroni The owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school Italian flair above ground and hidden personality below. While the upper levels are adorned with
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SpaceX’s Falcon 9 is pictured launching satellites to orbit in space after it lifted off from the Vandenberg Space Force Base in California, U.S., in this screenshot obtained from a handout video released on July 12, 2024.  Spacex | Via Reuters SpaceX’s Falcon 9 rocket is grounded, pending an incident investigation, after an inflight failure
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JPMorgan Chase on Friday posted second-quarter profit and revenue that topped analysts’ expectations as investment banking fees surged 52% from a year earlier. Here’s what the company reported: Earnings: $4.26 per share adjusted vs. $4.19 estimate of analysts surveyed by LSEG Revenue: $50.99 billion vs. $49.87 billion estimate The bank said earnings jumped 25% from
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Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023.  Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity. Here’s what the company reported: Earnings: $1.52
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Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023. Jakub Porzycki | Nurphoto | Getty Images PepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks and snacks. The company also narrowed its revenue outlook for the
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NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100 Starliner spacecraft for the Crew Flight Test launch, on June 5, 2024. Miguel J.
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Wall Street is getting ready for a new batch of cryptocurrency exchange-traded funds: ethereum.  Spot ether ETFs could hit the market as soon as this week, pending U.S. Securities and Exchange Commission approval, and Bitwise Asset Management’s Matthew Hougan plans to get in on the action. “What you’re seeing is this sort of the birth
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Automated distribution centers for Walmart grocery business. Courtesy: Walmart Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter’s new facilities are roughly 700,000 square feet on average. Chilled and frozen areas have automation that
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