Investors wary as market defies historical norms
The Los Angeles Times surveys the 1990s bull run, noteing the current bear/recovery phase. It compares Fed rate cuts, S&P 500 and NASDAQ levels, and shows mixed signals from analysts and earnings trends amid a cautious investor mood. It highlights chip stock revival hopes and questions earnings credibility as valuations remain high.
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Airlines seek revived transatlantic alliance with BA
American Airlines and British Airways said they would try to revive a failed alliance to share scheduling and profits on transatlantic routes without full integration. The plan mirrors a 1996 effort halted by U.S. and European antitrust regulators, as Fort Worth based American and BA pursue a looser cooperation to boost efficiency.
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American Airlines
British Airways
Transatlantic
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