Low-cost carrier Ryanair recently announced its best-ever annual profit, showcasing a 34% increase in profit after tax, reaching 1.92 billion euros. The airline also experienced a 25% rise in revenue, totaling 13.44 billion euros for the full year. These figures are impressive, especially considering the 23% increase in passengers served, reaching 184 million travelers compared
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The bulls achieved their desired outcome this week with cooler inflation data and record highs in the stock market. The Dow Jones Industrial Average closed above 40,000 for the first time, marking a 1.24% increase for the week. The S & P 500 and Nasdaq Composite also reached all-time highs, driven by the release of
The recent market data has played a significant role in shaping Wall Street’s behavior. Despite softer retail sales and consumer price data for April, the major averages closed higher for the week. This paradoxical trend of bad news leading to good news on Wall Street has been driven by signals pointing to further disinflation. The
In the past year, media giants faced challenges in wooing advertisers during the Upfronts meeting week. Due to a Hollywood strike and cost-cutting measures affecting their content and star power, companies like Disney and Warner Bros. Discovery had to pivot towards emphasizing sports over scripted shows. This shift was particularly evident in this year’s presentations,
China’s recent economic data has revealed a mixed picture of growth in April. Retail sales rose only 2.3% from a year ago, which was significantly lower than the 3.8% increase forecasted by a Reuters poll. This slow growth indicates a potential downturn in consumer spending, reflecting uncertainty about future income and cautiousness among consumers. On
In a recent quarterly report, Walmart has managed to surpass both revenue and earnings expectations. The company’s success can be attributed to its significant e-commerce gains, the success of newer businesses like advertising, and the ability to attract more high-income shoppers. During the three-month period that ended in April, Walmart reported an adjusted earnings per
Siemens, the renowned German technology giant, recently announced a decrease in profit from its industrial business in the fiscal second quarter. The company reported that its industrial profit amounted to 2.51 billion euro in the three months ending in March, marking a 2% decline from the previous year. This figure fell short of the analyst
The U.S. Department of Education has extended the deadline for borrowers to request a loan consolidation in order to qualify for key student loan forgiveness. This initiative, which will combine federal student loans into one new federal loan, could potentially result in debt cancellation for borrowers. The deadline for this loan consolidation request has now
Netflix’s recent announcement revealed that its cheaper, ad-supported tier has seen significant growth in global monthly active users. The streaming service reported that the number of users has jumped to 40 million, nearly double the figure shared just a few months ago. This surge in users showcases the appeal of a more affordable option for
Recent data shows that mortgage rates have reached their lowest level since April, providing some relief to potential buyers. However, the current state of the housing market still presents challenges for many individuals looking to purchase a home. While the average contract interest rate for 30-year fixed-rate mortgages has decreased slightly, the cost of homes