Delta Air Lines recently disclosed that the CrowdStrike outage and subsequent flight cancellations in the previous month led to a substantial financial setback of approximately $550 million. This amount includes a significant $380 million decrease in revenue for the current quarter, mainly due to refunds issued to customers for canceled flights and compensating them with
Mexico’s ruling party is considering changes to a proposed judicial reform in order to address market concerns. One of the main changes being considered is making the election of judges a staggered process over many years. This aims to reduce fears of a political takeover of the judiciary. The original proposal by outgoing President Andres
The Municipal bond market experienced a weaker performance on Thursday, influenced by the rise in U.S. Treasury yields and a rally in equities. This volatility has been particularly evident in the past several trading sessions, leading to fluctuations in both the municipal bond and UST markets. According to Jennifer Johnston, the director of research for
META Platforms (META) has been relatively stagnant since early February, which has caught the attention of many investors. The stock experienced a significant spike to all-time highs post-earnings in February and continued to climb for the next two months. However, it has since been trapped in a trading range, displaying a rectangle pattern on the
Eli Lilly’s second-quarter earnings report has stunned investors and analysts alike with its impressive performance. The pharmaceutical company reported earnings and revenue that far exceeded expectations, prompting a significant increase in its full-year revenue outlook. This exceptional growth was largely driven by the soaring sales of its blockbuster diabetes drug, Mounjaro, and weight loss injection,
The recent decision by the North Carolina Local Government Commission to approve Cabarrus County’s request to sell $186 million of bonds has sparked controversy within the commission. The commissioners voted seven-to-one in favor of the bonds, with Commission Chair and State Treasurer Dale Folwell being the sole dissenting vote. This decision marks a reversal from
In a recent post, Nassim Nicholas Taleb, the author of “Black Swan” and a risk analyst, provided his perspective on the Japanese collapse that led to the recent crash of Bitcoin. Taleb attributed the market bloodbath to the measures taken by the Bank of Japan, including near-zero interest rates for 33 years and quantitative easing
In times of economic turbulence and market sell-offs, investors often find themselves in a dilemma – where to put their money to weather the storm. According to Citi, the key lies in identifying stocks that have the potential to withstand economic fluctuations and are currently undervalued. This approach becomes particularly critical as concerns about a
Recent developments in the ongoing debate over environmental, social, and governance (ESG) investment policies have highlighted the growing division between political parties on this issue. Congressional Republicans, led by the House Republican ESG Working Group, have launched a vigorous campaign against what they perceive as the failures of ESG practices in the American boardroom. Chairman
The Omaha City Council recently approved placing a $333.4 million general obligation bond referendum on the Nov. 5 general election ballot. These bond proceeds are intended to fund various projects including sewer construction, streets and parking, public safety and convention center facilities, parks and recreation, highways and bridges, and police and firefighting equipment. According to