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American Airlines withdraws 2025 forecast on murky economic outlook

American Airlines withdraws 2025 forecast on murky economic outlook

Business News

American Airlines withdrew its 2025 financial guidance on Thursday, joining other carriers that are grappling with an uncertain outlook on the U.S. economy and weaker-than-expected leisure travel bookings this year. “We came off a strong fourth quarter, saw decent business in January and really domestic leisure travel fell off considerably as we went into the […]

American Airlines withdraws 2025 forecast on murky economic outlook Read More »

Tide owner Procter & Gamble cuts earnings, revenue outlook as quarterly sales disappoint

Tide owner Procter & Gamble cuts earnings, revenue outlook as quarterly sales disappoint

Business News

Tide laundry detergent is shown on display in Compton, California. Mike Blake | Reuters Procter & Gamble on Thursday reported mixed quarterly results as demand for its products fell. The company, which owns Tide and Charmin, also slashed its full-year forecast for its core earnings per share and revenue. Shares of the company fell 2%

Tide owner Procter & Gamble cuts earnings, revenue outlook as quarterly sales disappoint Read More »

Comcast beats first-quarter earnings estimates despite losing broadband customers

Comcast beats first-quarter earnings estimates despite losing broadband customers

Business News

Customers enter an Xfinity Store by Comcast on February 24, 2025 in San Francisco, California. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images Comcast surpassed first-quarter expectations on Thursday even as the company lost broadband customers amid heightened competition. While domestic broadband revenue was up 1.7% to $6.56 billion, Comcast lost 199,000 total

Comcast beats first-quarter earnings estimates despite losing broadband customers Read More »

PepsiCo cuts earnings forecast as it predicts ‘uncertainty’ in tariffs, consumer spending

PepsiCo cuts earnings forecast as it predicts ‘uncertainty’ in tariffs, consumer spending

Business News

Bottles of Pepsi soda are displayed in a store on March 17, 2025 in New York City.  Spencer Platt | Getty Images PepsiCo on Thursday reported mixed quarterly results as its international sales offset weaker demand in North America. The food and beverage giant also cut its forecast for core constant currency earnings per share,

PepsiCo cuts earnings forecast as it predicts ‘uncertainty’ in tariffs, consumer spending Read More »

Chipotle is seeing a ‘slowdown’ in consumer spending as 2025 gets off to a rough start

Chipotle is seeing a ‘slowdown’ in consumer spending as 2025 gets off to a rough start

Business News

Chipotle Mexican Grill on Wednesday reported weaker-than-expected quarterly revenue after its same-store sales declined for the first time since 2020. Executives cited both a slowdown in consumer spending and adverse weather as two of the factors that dampened demand for its burritos and bowls. The company also lowered the top end of its outlook for

Chipotle is seeing a ‘slowdown’ in consumer spending as 2025 gets off to a rough start Read More »

Alaska Airlines warns of slower demand as second-quarter profit outlook falls short

Alaska Airlines warns of slower demand as second-quarter profit outlook falls short

Business News

An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on January 6, 2024 in Seattle, Washington. Stephen Brashear| Bloomberg | Getty Images Alaska Airlines on Wednesday warned that softer travel demand will eat into earnings in the second quarter, the latest in a chorus of carriers seeing weaker-than-expected

Alaska Airlines warns of slower demand as second-quarter profit outlook falls short Read More »

Southwest to cut flights this year, pulls guidance, citing ‘macroeconomic uncertainty’

Southwest to cut flights this year, pulls guidance, citing ‘macroeconomic uncertainty’

Business News

LAS VEGAS, NEVADA – MARCH 15: A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis on March 15, 2025 in Las Vegas, Nevada. (Photo by Kevin Carter/Getty Images) Kevin Carter | Getty Images News | Getty Images Southwest Airlines said Wednesday that it will reduce its capacity in

Southwest to cut flights this year, pulls guidance, citing ‘macroeconomic uncertainty’ Read More »

IBM beats on earnings and revenue, maintains full-year guidance

IBM beats on earnings and revenue, maintains full-year guidance

Finance News

IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025. Andy Wenstrand | Sxsw Conference & Festivals | Getty Images IBM reported better-than-expected earnings and revenue for the first quarter on Wednesday. Here’s how the company performed: Earnings per share: $1.60 adjusted vs. $1.40 expected Revenue: $14.54 billion vs.

IBM beats on earnings and revenue, maintains full-year guidance Read More »

Trump wants automakers to move vehicle production to the U.S. It’s not that simple

Trump wants automakers to move vehicle production to the U.S. It’s not that simple

Business News

Ford Motor Company’s electric F-150 Lightning on the production line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022. Jeff Kowalsky | AFP | Getty Images DETROIT – When President Donald Trump hinted last week at a reprieve from 25% auto tariffs, he suggested it would be to allow automakers more

Trump wants automakers to move vehicle production to the U.S. It’s not that simple Read More »

International tourism to the U.S. slumps, but Americans can’t stop traveling overseas

International tourism to the U.S. slumps, but Americans can’t stop traveling overseas

Business News

Tourists look at the Bridge of Sighs in Venice, Italy, on Aug. 25, 2021. Andrea Merola | Bloomberg | Getty Images Caroline Smith, an accounting director from Verona, New Jersey, and her husband took their two children to Italy for Easter break this month. On the Spanish Steps in Rome, they ran into another family

International tourism to the U.S. slumps, but Americans can’t stop traveling overseas Read More »

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