Articles

Delta’s IT outage-related woes are costing airline $350 million and counting, analysts say

The IT outage caused by a CrowdStrike patch that led Delta Air Lines Inc. to cancel some 6,700 flights since Friday will cost the airline $350 million and shave 200 basis points off operating margins.

AMC’s debt restructuring bodes well for box-office recovery, says Benchmark

AMC Entertainment Holdings Inc.’s debt restructuring this week puts the movie-theater chain and original meme stock in a good position for an expected box-office rebound, according to Benchmark.

Sage Therapeutics’ stock dives as failed trial hits Biogen collaboration

Shares of Sage Therapeutics Inc. fell more than 18% premarket on Wednesday after a failed trial dealt a blow to the company’s collaboration with Biogen Inc.

Trade deficit in goods narrows in June on surge of exports

Trade gap shrinks to $96.8 billion vs $98 billion expected

Why a Harris victory and GOP Senate takeover is the best outcome for consumer stocks

A Democratic White House would block tariffs, while Senate Republicans could blunt tax increases.

Is Tesla’s stock having an identity crisis?

Automotive financials are weighing on Tesla shares Wednesday, but Elon Musk — and many bulls — are focused on the future potential in autonomy and robotics.

Pfizer announces positive results from late-stage trial of hemophilia A treatment

The trial aimed to help people living with hemophilia benefit from a single infusion that would allow them to produce the needed clotting protein for an extended period, reducing the need for constant intravenous infusions or injections.

Fearing a recession and a bear market? You now have one more reason to worry.

Americans’ perception of the stock market and the U.S. economy are unusually split.

GE Vernova beats on profit with first standalone results, despite wind weakness

GE Vernova’s stock got a nice boost in early trading Wednesday, after the power and renewable energy company reported second-quarter earnings that were well above expectations, while revenue missed amid weakness in the wind business.

Boston Scientific profit beats estimates as cardiovascular sales surge

Sales of the Marlborough, Mass. company’s cardiovascular products rose 17.8% to $2.64 billion.

Kamala Harris surges in the betting markets – and I bet ‘Kamalaphoria’ has more room to run

Bookies and gamblers are sharply raising their bets on a Kamala Harris win in November after the vice-president’s first full day as the presumptive Democratic nominee.

Gold’s not behaving the way it usually does in election years. Here’s why.

Gold prices have performed well and climbed to fresh record highs this year. That’s not exactly typical behavior for a U.S. presidential election year, according to an analysis provided by the World Gold Council on Wednesday.
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