Delta Air Lines posts strong summer, but cautious Q4 forecast
Delta Air Lines topped summer passenger and revenue records aided by lower jet fuel costs, boosting Q3 profit 13 percent to 1.5 billion. CEO Ed Bastian cited strong demand and a busy summer, while a modest Q4 outlook prompted a stock dip. Delta remains the most profitable U.S. airline this decade.
MENTIONED IN THIS ARTICLE
Dallas
Delta Air Lines
Delta
Wall Street
Ed Bastian
U.S
American
United
Southwest
American Airlines
US consumer prices flat in September as energy drop offsets gains
The Labor Department reported September CPI unchanged as energy costs fell 1.4 percent, led by a 2.4 percent gasoline drop, while core inflation rose 0.1 percent. Yearly CPI up 1.7 percent, core 2.4 percent. unemployment claims fell to 210,000, job market healthy. Fed considering rate move amid mixed signals from tariffs and global growth.
MENTIONED IN THIS ARTICLE
California
State
Environmental Protection Agency
EPA
Jared Blumenfeld
Corteva AgriScience
Dow AgroSciences
Washington
Labor Department
Andrew Hunter
U.S
Capital Economics
Hunter
Federal Reserve
Fed
Donald Trump
China
October 15 deadline pressures tax accountants this year
Americans face Oct 15 as the extension deadline for 2018 filings under the revamped tax code. Accountants report a 20% workload jump and widespread confusion as Congress and the IRS wrestle with new provisions including offshore income rules, a 20% FDII deduction, and stalled write-offs. Many taxpayers await renewed tax breaks and regulatory clarity before finalizing returns.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Ed Reitmeyer
Mid-Atlantic
Marcum LLP
Congress
Mathew Talcoff
Boston
RSM
Donald Trump
Treasury Department
Talcoff
U.S
Stan Barsky
Eisner Amper LLP
Barsky
U.S. Chamber of Commerce
Global stocks rise as trade talks dominate markets
Markets edged higher as investors tracked U S China talks and a potential partial tariff truce while Treasury yields climbed. The S P 500 gained 0 6 percent as the dollar slipped and the pound rose on Brexit optimism amid a flurry of headlines and cross border sentiment.
MENTIONED IN THIS ARTICLE
Treasury
China
Yuan
U.S
Donald Trump
Liu He
Chris Gaffney
World Markets
TIAA
U.K
Boris Johnson
Leo Varadkar
OPEC
Mohammad Barkindo
Russia
South Korea
Hong Kong
Shanghai
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Bed Bath & Beyond
Target Exec
New York
Target
Mark J. Tritton
Tritton
Mary A. Winston
Buybuy Baby
Cost Plus
HomeGoods
Amazon
Atlanta
David Goldman
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