Southwest Airlines recently experienced a setback as its shares plummeted by approximately 4% in premarket trading following a downgrade in its second-quarter revenue forecast. The airline attributed this revision to changing booking patterns, indicating that revenue per available seat mile is now anticipated to decline by 4% to 4.5% compared to the previous estimation of
Custom
The latest data on 401(k) savings rates shows a promising trend of growth and record-high numbers. The average combined savings rate in 2023 matched a record high from the previous year, reaching an estimated 11.7%. Furthermore, a separate report from Fidelity for the first quarter of 2024 indicated a combined rate of 14.2%, setting a
Ferrari CEO, Benedetto Vigna, has announced that the iconic luxury car brand will be launching an all-electric model in the fourth quarter of 2025. This bold move is seen as a significant step for Ferrari, a company known for its roaring combustion engines. Vigna emphasized that despite the switch to electric powertrains, the emotional experience
In today’s rapidly evolving retail landscape, traditional brick-and-mortar stores are facing increasing competition from e-commerce giants like Amazon. One such struggling retailer is Target, which is now turning to Shopify in a bid to revamp its online offerings. By teaming up with Shopify, Target hopes to attract new and trendier brands to its marketplace, Target
When considering potential investments in today’s market, it is important to analyze the recommendations of top analysts in order to gain valuable insights. According to TipRanks, Delta Air Lines (DAL) is one of the top picks among the Street’s leading professionals. Analyst Helane Becker from TD Cowen recently reiterated a buy rating on DAL with
Casual-dining chains are experiencing a shift in consumer preferences as customers are becoming increasingly frustrated with the rising prices at fast-food establishments. Darden Restaurants CEO Rick Cardenas acknowledged this trend, mentioning that while Darden itself has not directly benefited from this change, competitors like Brinker International and Dine Brands are capitalizing on the opportunity to
British fintech firm Zilch made headlines by securing a remarkable $125 million in debt financing from Deutsche Bank, a move that is set to revolutionize its growth trajectory. The deal, structured as a securitization, will not only triple the company’s sales in the next few years but also pave the way for a potential initial
Car payments have seen a significant increase in recent years, driven by a combination of factors such as high prices and high interest rates. According to Moody’s Analytics, as of May, the average monthly auto loan payment stood at $760, marking a 40% increase from the $535 average payment back in May 2019. Additionally, a
Adobe’s shares experienced a significant surge of 15% on Friday, marking the biggest gain since March 2020. This surge came after the software maker reported earnings and revenue that exceeded analysts’ estimates. CEO Shantanu Narayen attributed Adobe’s record revenue to its strong growth across Creative Cloud, Document Cloud, and Experience Cloud. Additionally, he highlighted the
In today’s corporate world, the issue of employees abusing corporate expenses is all too common. A 2016 global survey of CFOs revealed shocking requests made by employees, such as doggie day spa visits, taxidermy services, dance classes, a side of beef, and even a welder. These bizarre requests highlight the lack of control that companies