American Airlines has raised its earnings outlook for 2023 due to a strong start to the peak travel season, benefiting from the continued surge in demand. Despite this positive outlook, the airline expects its unit revenues to drop by up to 6.5%
One of the major lenders for small businesses in the UK is in the early stages of planning a potential £3.5 billion merger with the Co-operative Bank. Shawbrook Group has recently approached the Co-operative Bank’s owners with initial proposals for a stock-based
Wells Fargo has admitted for the second time in this year that there have been issues with deposits not reflecting in customers’ accounts. In a statement sent via email on Friday morning, a representative from Wells Fargo acknowledged that a “limited number
Chevron Corporation, headquartered in California, has successfully completed the acquisition of Denver-based PDC Energy, resulting in the formation of Colorado’s largest oil and gas enterprise. This strategic merger follows Chevron’s previous acquisition of Noble Energy three years ago. With this integration, the
Beyond Meat, a company specializing in vegan food products, has experienced a significant decline in sales, amounting to nearly one-third, primarily due to the increasing cost of living that is putting pressure on consumers. The manufacturer of plant-based meat substitutes has reported
During a recent interview on Fox Business, Kevin O’Leary, the entrepreneur and “Shark Tank” television star, voiced his concerns about an emerging crisis in the United States. Despite reports of optimism in the data, O’Leary, who closely works with small and mid-sized
The Mississippi Development Authority, the primary agency for community and economic development in the state, is set to receive up to $86 million in federal funding to bolster small businesses and startups. This funding is a part of the State Small Business
US Vice President Kamala Harris and the Treasury Department have announced a $175 million funding initiative to support small businesses. The aid will be delivered through the Capital Readiness Program (CRP), which is a technical assistance program funded by the Treasury’s State
Netflix reported strong quarterly revenue and a rise in subscriptions, with 5.9 million customers added during the second quarter. This growth is attributed to the company’s efforts to curb password sharing, which is expected to “supercharge” subscriber growth. As a result of
American Airlines has raised its earnings outlook for 2023 due to a strong start to the peak travel season, benefiting from the continued surge in demand. Despite this positive outlook, the airline expects its unit revenues to drop by up to 6.5%
