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United earnings top estimates but airline expects $6 billion in added fuel costs

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United Airlines ' second-quarter results came in ahead of Wall Street estimates, but billions of dollars in added fuel costs continue to weigh on earnings, the carrier said Wednesday. Here is what United Airlines reported for the quarter that ended June 30 compared with what Wall Street was expecting, based on estimates compiled by LSEG: United forecast third-quarter adjusted earnings per share of between $2.50 and $3.50, compared with analysts' estimates for $3.60 a share. It estimated full-year adjusted earnings per share of between $9 and $11, the higher end of the range of the adjusted $7 to $11 a share it forecast in April , when it cut its January forecast after the U.S. and Israel attacked Iran in late February. According to Argus data published by industry group Airlines for America, jet fuel prices at major U.S. airports are up 34% in July alone through Tuesday amid a roller coaster of escalating and deescalating conflict between the U.S. and Iran. Jet fuel is the la...

Netflix Stock is at New Lows, But Its FCF Is Strong - Is NFLX Too Cheap?

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Netflix Stock is at New Lows, But Its FCF Is Strong - Is NFLX Too Cheap? Mark R. Hake, CFA Mon, July 13, 2026 at 6:00 AM PDT 6 min read NFLX Netflix open on tablet by rswebsols via Pixabay Netflix Inc. (NFLX) stock is tanking ahead of its Q2 earnings release on Thursday, July 16. It's now down 32% from a peak price on April 16 ($107.79) right before the Q1 earnings release. However, its FCF is strong and expected to remain high. Value investors are circling as NFLX looks too cheap. NFLX closed at $73.37 on Friday, July 10. That's well below the 6-month prior low of $76.02 on Feb. 26, when Netflix dropped its Warner Bros. bid. It's only slightly over a recent trough of $70.90 on June 25. Has it gone too far? More News from Barchart Nvidia Stock Has Been Flat, But NVDA Price Targets are Higher - Shorting Puts Works Wheat's Bullish Fundamentals Are Growing So Why Do Prices Keep Falling? Option Volatility And Earnings Report For July 13 - 17 Tired of missing midday reversa...

Gold forecast and tracker: Where will prices land in 2026?

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Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure . Gold forecast and tracker: Where will prices land in 2026? K Kat Tretina Updated Mon, July 13, 2026 at 8:58 AM PDT 5 min read Over the past year, gold's performance has been nothing short of, well, dazzling. Between June 2025 and June 2026, gold's price rose from $3,303 to $4,008 per troy ounce. Gold prices opened lower on July 13 and are moving lower still following several exchanges of airstrikes between the U.S. and Iran over the weekend. Geopolitical events continue to be the most influential driver of precious metal prices. All investors have the same question: What will happen to gold's price in 2026? Gold analysts believe gold ( GC=F ) will hold steady this year. If you are considering adding gold to your portfolio or increasing your investment, here is gold's current price and expert forecasts. Re...

Stock futures are flat after soft inflation reading lifts market: Live updates

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Stock futures were little changed in overnight trading Tuesday after a rally fueled by softer-than-expected inflation data. Futures tied to the Dow Jones Industrial Average were flat. S&P 500 futures and Nasdaq 100 futures also traded near the flatline. Stocks climbed Tuesday after a cooler-than-expected inflation report bolstered hopes that the Federal Reserve may not need to raise interest rates as aggressively this year. The consumer price index fell 0.4% in June from the prior month, bringing the annual inflation rate to 3.5%. Economists surveyed by Dow Jones had expected a 0.2% monthly decline and annual inflation of 3.8%. The report prompted traders to scale back expectations for near-term Fed tightening. The probability of a rate hike at the central bank's July meeting fell to 17% from 42% a day earlier, according to CME's FedWatch Tool . Markets, however, continue to price in an increase later this year, with traders assigning a 63% probability that rates will be a...

The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase

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American megabanks on Tuesday gave evidence that the global artificial intelligence boom isn't just benefiting tech giants and chip makers. Goldman Sachs and JPMorgan Chase each posted record quarterly revenue hauls, fueled by massive gains in equities trading and investment banking. Behind the surge in activity Goldman revenue jumped 39% to $20.3 billion, while JPMorgan saw it rise 27% to $58 billion is the fact that AI is "everywhere in financial markets," JPMorgan CFO Jeremy Barnum told reporters . "These are booming environments with a ton of activity, big IPOs, big index rebalancing, a lot of activity in Asia," Barnum said Tuesday. "A lot of it is downstream of the AI theme, writ large on a global basis. It's just a very, very, very active environment." The quarter showed that the AI boom is creating winners far beyond Silicon Valley. While Nvidia and hyperscalers including Alphabet have captured many of the headlines, Goldman, JPMorgan and o...

SK Hynix options begin trading. But another group of stocks is stealing its thunder

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SK Hynix options debuted Tuesday to less fanfare than one might have expected given the year-long rally in the stock and a 20%-plus surge on Tuesday alone. About 150,000 options traded in SK by midday Tuesday and while more calls traded than puts, the most popular directional trade by volume was selling calls, according to Cboe LiveVol data. Cboe offered five expiries: five monthly options that expire the third Friday of July, August, September, December and March 2027. While volume was higher than the 110,000 contracts traded on the VanEck Semiconductor fund (SMH) , and almost double the volume in Sandisk or Marvell , it's less than a third of the volume in the Roundhill memory ETF (DRAM) , or Micron , which traded about 380,000 contracts Tuesday. Nvidia traded about 2.3 million as of writing. SK Hynix U.S. shares One explanation for the lack of notable call-buying is that the surge in single-stock ETFs and leveraged funds with exposure to the South Korean chip sensation stole a ...

Target's problems aren't what you think they are

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Target's problems aren't what you think they are Daniel Kline Mon, July 13, 2026 at 1:10 PM PDT 6 min read TGT When Target CEO Michael Fiddelke took over the struggling company in February, he faced a daunting task. Not only did he have to reverse a sales slide, but the new boss also had to change how consumers saw the brand. Conservative shoppers viewed the brand as "woke" because of its DEI policies, bathroom rules, and Pride merchandise. Liberal shoppers watched Target abandon some of those things, leaving the company to anger customers on both ends of the political spectrum. That wasn't the chain's biggest problem, according to GlobalData Managing Director Neil Saunders. He believes Target's lackluster sales had more to do with failing on execution than being caught up in cultural issues like DEI. "As important as that matter is, and as much as it does have some impact, it has never been the main issue," Saunders wrote, according to the Asso...

Stocks making the biggest moves midday: IBM, Goldman Sachs, CleanSpark, HCA Healthcare & more

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Stocks making big moves midday: IBM, Goldman, CleanSpark, HCA & more Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out some of the companies making the biggest moves midday: CleanSpark The digital infrastructure company surged 11% after securing a 20-year data center lease in Georgia, totaling $6.6 billion in contracted revenue . HCA Healthcare The hospital operator fell more than 7% after lowering full-year earnings guidance. HCA now sees full-year earnings per share between $28.70 and $30.50, down from a previous forecast of $29.10 per share to $31.50 per share. HCA also lowered the top end of its 2026 revenue outlook range. JPMorgan Chase The largest bank in the nation rose 2% after posting Q2 results. JPM earned $6.14 per share, excluding one-time items, on revenue of $58.02 billion. Analysts polled by LSEG expected a profit of $5.85 per share on revenue of $50.19 billion. Bank of America Bank of America added...

U.S. trade official says 'very few' Nvidia H200 AI chips have been shipped to China

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A top U.S. trade official said on Tuesday that "very few" of Nvidia's H200 artificial intelligence chips have been shipped to China and Hong Kong. "The bottom line is very few shipments against licenses for H200s and equivalents have taken place. It's a very small quantity of chips," Under Secretary of Commerce for Industry and Security Jeffery Kessler said at a congressional hearing. The remark is a sign that H200 shipments to China have restarted, potentially boosting Nvidia's sales even higher. Since last year, Nvidia has excluded any potential Chinese AI chip revenue from its forecasts and CEO Jensen Huang said on CNBC in May that he told investors to " expect nothing " from Chinese sales. An Nvidia representative declined to comment. Nvidia has long sought to ship its AI chips to China, which is one of the largest markets for AI development, but has found itself caught up in a trade and technology war between Washington and Beijing, with ...

Democrats are not in great shape

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UK wasted £10bn on PPE that left NHS staff poorly protected, Covid inquiry finds

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Image source, Getty Images By Jim Reed Health reporter Published 14 July 2026, 12:01 BST Updated 3 hours ago The lives of NHS staff and patients were put at risk in the pandemic because of a lack of adequate personal protective equipment (PPE), with almost 10bn of taxpayers money wasted in a scramble to buy more, the Covid inquiry has said. The chair Baroness Hallett described the "vast" waste in pandemic procurement, amounting to 9.9bn two-thirds of the 14.9bn the UK and devolved governments spent on PPE. The country entered the pandemic with its stockpile of masks, gowns and gloves in a "perilous state" and was "simply not ready to compete" in the global race to secure new supplies, added the chair. She criticised the controversial "VIP lane", which prioritised offers of PPE from those with political connections, as a "misguided" policy which undermined public confidence. But she said there was "no evidence of cronyism or corrup...

Warsh promises inflation will be a 'thing of the past,' cites 'mistake' of prior policy

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Federal Reserve Chairman Kevin Warsh pledged Tuesday to "get monetary policy right" and defeat the inflation that has bedeviled the central bank for the past five years. In remarks for delivery to separate congressional panels this week, Warsh reiterated his recent tough talk on inflation , while also touting the strength of the U.S. economy and benefits coming from business investment, particularly involving artificial intelligence. "Today we are at a hinge point in history. It's up to all of us to meet this moment," said Warsh, who speaks Tuesday to the House Financial Services Committee then the Senate Banking Committee on Wednesday. "The Fed's number one objective is to get monetary policy right or as near to it as we possibly can. That is our clear and constant aim, the star we steer by," he added. "And if we get policy right and we will the inflation surge of the last five years will be a thing of the past." The remarks come just t...

Stocks making the biggest moves premarket: JPMorgan Chase, Bank of America, IBM, Apple & more

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Stocks making the biggest moves premarket: JPM, BAC, IBM, AAPL Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making headlines before the bell: JPMorgan Chase Shares were down slightly in the premarket after the banking giant posted Q2 results. The bank earned $6.14 per share, excluding significant items, on revenue of $58.02 billion. Analysts polled by LSEG expected a profit of $5.85 per share on revenue of $50.19 billion. To be sure, it wasn't clear if the bank's profit was comparable to the consensus. Bank of America Bank of America beat expectations in its latest quarter. The bank posted earnings of $1.21 per share, more than the $1.13 expected by analysts polled by LSEG. Revenue of $31.7 billion also exceeded the $30.72 billion consensus estimate. To be sure, shares were flat in the premarket. Wells Fargo The stock were down 1% even after Wells Fargo posted earnings of $2 per share on re...

Global shipping industry sounds the alarm over Trump’s Hormuz toll plan

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President Donald Trump's proposed 20% levy on ships passing through the Strait of Hormuz could backfire and further reduce dwindling traffic on the vital waterway, shipping executives have warned. The temporary ceasefire deal the U.S. and Iran signed in mid-June appears increasingly fractured after the adversaries exchanged hostilities for a third consecutive day on Tuesday. The deal explicitly prohibited Tehran from imposing any charges on commercial ships passing through the Strait. But the president is no longer calling for the return to pre-war arrangements, with the Strait of Hormuz remaining a toll-free international waterway. Instead, Trump has suggested commercial vessels attempting the transit must pay the U.S. as compensation for guaranteeing safe passage. Shipping giant Hapag-Lloyd has said it is "fundamentally wrong" to charge tolls for passage through international waters, regardless of the country in charge. "Tolls for infrastructure such as the Suez C...

South East Water must pay £30.5m for supply failures

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Image source, Getty Images Image caption, South East Water distributing water to customers after thousands of properties across Tunbridge Wells were affected by water disruptions in January 2026 By Hsin-Yi Lo South East Published 14 July 2026, 09:43 BST Updated 1 hour ago South East Water must spend 30.5m on improvements after supply interruptions hit thousands of its customers across Kent and Sussex. Water regulator Ofwat said this follows the conclusion of three investigations into the company's repeated failures. The redress package will be paid for by the firm's shareholders and not through customer bills. A spokesperson for the water company said they were "incredibly sorry" for the historical supply disruptions for Kent and Sussex customers. "We know this caused significant disruption and anxiety, and we accept the failures identified by Ofwat," they said. "It is not the standard of service our customers deserve. "Our priority has been to en...

JPMorgan profits soar 41% on blockbuster trading revenues

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Goldman Sachs, Bank of America, Citigroup and Wells Fargo all also have results on Tuesday 🔥 EXCLUSIVE PARTNER OFFER Wireless Electric Portable Espresso Coffee Machine for Car & Home Camping Coffee Maker 3-in-1 Capsule Powder Travel Coffee Maker Special Price 🎁 Special promotion! Perfect gift idea at an unbeatable price. Shop now! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/f4231724-bb67-4cfd-81e2-d20f4badb82e © EcoNews DZ — Global Economic & Financial News

AI and the new Mechanical Turk

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Why the world should copy Trump for once

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RIP the US state department

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CNBC Daily Open: The Hormuz blockade is back and Trump is tolling

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Hello, this is Leonie Kidd coming to you from London. President Trump's demand that traffic through the Strait of Hormuz pay a 20% toll as reimbursement for protection has shocked the international community. It marks a new twist in the conflict with Iran and puts investors back on edge following the effective collapse of the ceasefire. It's a crude reality for oil markets, which are higher once again after posting the biggest one-day surge since the COVID era on Monday. The move was sparked by President Donald Trump 's decision to reinstate a naval blockade in the Strait of Hormuz. He took to Truth Social : "The U.S.A. will be, from this point forward, known as 'THE GUARDIAN OF THE HORMUZ STRAIT,'" he claimed. "But as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World." "The ...