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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 29, 2015
Page
11
JetBlue Airways posted 152 million in the second quarter, 44 cents a diluted share, up from 61 million and 19 cents last year. CEO Robin Hayes credited strong demand, safe, efficient operations, and strict cost control as drivers of the results.
Twitter and interim CEO Jack Dorsey faced a rough Q2 as shares fell after a bleak forecast, with M2 revenue at 502 million up 61 percent yet a 136.7 million loss. Analysts noted user growth remained weak while monetization improved, and two product executives exited for roles at YouTube and Dropbox.
The Shanghai Composite fall deepens with 27 percent drop from its June peak. Alibaba and JD.com lead losses draining $11.7 and $7.9 billion respectively, while 144 China based U S listed stocks remove over 56 billion in market value. Investors face widespread pain across China focused funds and EM ETFs.
The U S Federal Reserve faces its two day policy meeting with economists expecting no clear hint of a September rate rise. Analysts cite data dependency and the near zero federal funds rate as key factors guiding a cautious stance while markets anticipate potential moves later in the year.
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