Australian flag carrier Qantas Airways has raised its revenue expectations for its domestic operations in the first half of the financial year. The airline is now anticipating a 3% to 5% increase in revenue per available seat kilometre for its local business, up from the previously forecasted 2% to 4%. Additionally, Qantas expects domestic capacity … Read more
Vertiv (VRT), a company that specializes in digital infrastructure technology for data centers and communication networks, exceeded Wall Street’s expectations for the third quarter but provided mixed guidance for the current period, causing VRT stock to fall in early trading. The Westerville, Ohio-based company reported an adjusted earnings of 76 cents per share on sales … Read more
The stock market surprised Wall Street last year with a significant increase, and it could surpass that this year with an even larger surge. Supported by a strong U.S. economy that defied widespread recession predictions and a more dovish stance from the Federal Reserve last fall, the S&P 500 rose by 24% in 2023. Only … Read more
Earnings next week will play a crucial role in determining the direction of the stock market. A significant number of companies are set to report their third-quarter results in the coming days, with approximately 20% of the S&P 500 index expected to release their earnings. Some of the notable names include Amazon and Tesla, which … Read more