Author: IA PressRoom

© Reuters. FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake (Reuters) – American Airlines (NASDAQ:) Group on Wednesday raised its outlook for second-quarter profit as it expects to pay lesser for jet fuel compared to its previous estimate. The company forecast profit in the range of $1.45 to 1.65 per share for the current quarter.

© Reuters. FILE PHOTO: A general view shows a local oil refinery during sunset in Omsk, Russia March 16, 2022. REUTERS/Alexey Malgavko/File Photo By Kavya Guduru (Reuters) – Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel this year, a Reuters poll showed on Wednesday. A survey of 43 economists and analysts forecast would average $84.73 a barrel in 2023, down from the $87.1 consensus in April and current levels of around $73. Most analysts expect oil to trade around the $80-level…

CNN  —  There will be “significant costs for US diplomacy” if Congress doesn’t renew a controversial intelligence program gathering communications data that is set to expire this year, a senior State Department official said Tuesday, adding that US diplomats have used the program to monitor Russian atrocities in Ukraine. The program, known as Section 702, allows authorized US officials to search a vast database that gathers phone calls and text messages of foreign targets overseas from US telecommunications providers. The data can include the communications of Americans in touch with those foreign targets. US diplomats have also used the intelligence…

One might think that predicting the U.S. Federal Reserve’s next policy moves would become easier now that the U.S. central bank has already hiked interest rates 10 consecutive times, for a total of five percentage points. Not so fast: I suspect that few, if any know for sure what the Fed will do at its June 13-14 meeting — not even the Fed itself. Over…

YANTAI, CHINA – MARCH 27, 2023 – (FILE) A lululemon store is seen in Jinan, East China’s Shandong … [+] province, March 27, 2023. From the point of view of the number of stores, the number of new fast fashion stores in China shows a declining trend. (Photo credit should read CFOTO/Future Publishing via Getty Images)Future Publishing via Getty Images [Note: Lululemon’s FY’22 ended on January 29, 2023] Lululemon (NASDAQ: LULU), a company designing and selling athletic and casual apparel, is scheduled to report its fiscal first-quarter results on Thursday, June 1. We expect LULU stock to likely trade higher…

Small increments can turn $10,000 of savings from overwhelming to achievable.getty If investing $10,000 a year feels like a long shot for you, you are not alone. According to a recent CNBC and Momentive survey, about 70% of Americans feel stressed about their finances because of inflation, the possibility of recession and rising interest rates. And 58% say they are now living paycheck to paycheck. But do you think you are capable of figuring out how to set aside $28 a day? If the answer is yes, then investing $10,000 in a year is not as far off as you…

This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT To start today, I want to highlight our colleagues’ recent interview with the Philip Morris chief executive Jacek Olczak. Big index providers such as MSCI and FTSE exclude tobacco makers from their sustainable indices, but Olczak said the Marlboro maker was charting a path to becoming an ESG stock. With PMI expanding its vaping business, could the company sell a…

© Reuters. FILE PHOTO: An electronic board shows stock indexes at the Lujiazui financial district in Shanghai, China, March 21, 2023. REUTERS/Aly Song By Roxanne Liu and Kane Wu BEIJING/HONG KONG (Reuters) – China-focused venture capital fundraising is heading for its weakest first half year in at least eight years, data from researcher Preqin showed, as a teetering economic recovery and Sino-U.S. tensions unsettle investors and startups. Concern about the impact of a weak business environment on startups’ prospects and valuations means a turnaround in fundraising may take time as venture funds take longer to evaluate potential deals, investors and…

© Reuters. FILE PHOTO: The Toyota logo is seen at its booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File Photo By Daniel Leussink TOKYO (Reuters) – Toyota Motor (NYSE:) Corp said on Wednesday that information on customers in some countries in Oceania and Asia, excluding Japan, may have been left publicly accessible from October 2016 to May 2023. Customer information that may have been accessible externally included names, addresses, phone numbers, email addresses, and vehicle identification and registration numbers, the company said. The incident follows its announcement this month that…

Source: TradingViewThe XRP price has gained by 1% today, bucking the market-wide fall to reach $0.505788 in the past 24 hours.This price represents an 11% gain in the past week, with traders and analysts increasingly coming to expect a positive decision in Ripple’s long-running case against the SEC.Indeed, XRP has impressively risen by 48% since January 1 on the back of growing expectations of a positive outcome for Ripple, which has enjoyed a number of positive developments in its case in the past few weeks.And with one particular analyst predicting a breakout for XRP in June, it may not be…