Delta Airlines is grappling with extended flight cancellations and delays following a tech outage, leading to a DOT investigation and significant passenger disruptions.
Author: Jason Chang
Crypto Surges with Trump’s Support and SEC’s Ether ETF Approval
Crypto markets are experiencing a surge as Donald Trump prepares to speak at a Bitcoin conference, and the SEC approves ether ETFs, signaling broader mainstream acceptance.
Gold Market Analysis
The gold market is currently experiencing subdued activity as investors process the unexpected announcement of President Biden withdrawing from the presidential race. Gold briefly touched its daily high before declining to $2,385.20, and then recovering slightly.
Delta Disruptions, CrowdStrike Outage, and Cybersecurity Concerns
Delta Air Lines CEO Ed Bastian announced that flight disruptions will persist for a few more days after a global cyber outage caused widespread cancellations and delays.
Business News Headlines July 16 2024
Stay updated with the latest global market movements and business news. Highlights include Spirit Airlines’ projected loss, Nvidia’s potential market cap growth, and Morgan Stanley’s profit surge amid wealth management challenges.
Financial Markets Update: Inflation Trends, AI Growth, and Commodities
The latest CPI report shows a decrease in inflation, setting the stage for potential interest rate cuts. This development, along with significant movements in tech stocks and commodities, shapes the current financial landscape.
Global Market Summary: July 10, 2024
Today’s global market summary covers significant movements across U.S., European, and Asian stocks, commodities, and key corporate news. Get insights into AI investments, Intuit layoffs, and FTC actions against drug middlemen.
U.S. Economy Stabilizes as Job Market Cools: Gold and Federal Reserve
Fed Chair Jerome Powell addresses Congress, highlighting a stabilized U.S. economy and balanced labor market, hinting at potential interest rate cuts.
Equities Edge Higher with Gold Prices Dropping; AAPL, MSFT, META, GOOGL Hit Record Highs
Global equities and gold prices experience fluctuations as investors focus on Powell’s testimony, inflation data, and corporate earnings. Major tech stocks hit new highs, while Paramount announces a significant merger with Skydance.
Volkswagen Partners with Rivian, FedEx Surges, Bimbo Bakeries Faces FDA Scrutiny
Volkswagen’s $5 billion investment in Rivian marks a significant strategic move to enhance its EV software capabilities, sending Rivian’s shares soaring by 35%.