A Southwest Airlines aircraft at a gate at AustinBergstrom International Airport (AUS) in Austin, Texas, US, on Thursday, Feb. 16, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Check out the companies making headlines in early morning trading. Southwest Airlines — The carrier slid 6% premarket after reporting a mixed financial update early Thursday. Southwest
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Economic growth in the US was stronger than expected in the second quarter of 2023, as activity proved resilient in the face of the Federal Reserve’s campaign of aggressive interest rate rises. The world’s largest economy grew 2.4 per cent on an annualised basis between April and June, according to preliminary figures released by the
Coutts chief executive Peter Flavel has stepped down, saying that he bore “ultimate” responsibility for the bank’s treatment of former UK Independence party leader Nigel Farage. The private bank and its owner, NatWest, have been engulfed in a crisis since Farage revealed last week that Coutts had closed his account in part because of his
The European Central Bank has raised interest rates back to their record high, but signalled that eurozone borrowing costs may have peaked. The ECB’s decision on Thursday to raise its benchmark deposit rate by a quarter-percentage point to 3.75 per cent matches a high last reached in 2001, when it was trying to boost the
The writer is an FT contributing editor and writes the Chartbook newsletter At moments of stress, the EU invokes Jean Monnet’s maxim that Europe will be forged in crisis and will be the sum of the solutions adopted to address those crises. That is comforting when you are in the thick of it. But when
The latest legal action against Block.one (B1), the creator and original seller of EOS (EOS), could potentially help plaintiffs get higher compensation, according to EOS Network Foundation (ENF) founder and CEO Yves La Rose. On July 25, La Rose officially announced that ENF is preparing a lawsuit against Block.one for its failure to follow through
Nonfungible token-focused blockchain Palm Network is about to become a great deal more accessible to users, with plans to transition into being a customized Polygon blockchain. According to a July 26 announcement, Palm Network will soon become a Polygon (MATIC) ZK Supernet, which will see minting, trading, and collecting NFTs becoming more readily available to
Legendary martial artist and actor Bruce Lee, who died in 1973, is set to teach martial arts in the metaverse through a tribute event hosted by a social entertainment platform to celebrate the 50th anniversary of the actor’s passing. Metaverse project Byte City announced on July 26 that those who wish to engage with the
During a period of hyperinflation in 2013, “my Venezuelan mother asked me to send money to Caracas, the country’s capital,” Hervé Larren recalls. However, bank transfers were not possible between the two countries. Busy with work in New York, he told a friend that he planned to fly to Caracas — carrying cash for his
The writer is the author of several books on the City and Wall Street The financial crisis of 2008 turned banking into a highly political business, guaranteeing the sustained interest of governments and their arm’s length bodies. Especially in the UK, where the now discredited light-touch regulation was once an article of faith, the authorities
Shell reported its lowest quarterly profit in almost two years after oil and gas prices and refining margins all fell in a sign that the run of bumper earnings sparked by Russia’s invasion of Ukraine was drawing to a close. The UK headquartered group, which is Europe’s largest oil and gas company, made adjusted earnings
Global investment giant BlackRock is expanding its reach in India with a partnership targeting the launch of the “digital-first offering” in India. BlackRock, on July 26, officially announced a joint investment project with Jio Financial Services (JFS), an arm of Indian tycoon Mukesh Ambani’s Reliance Industries — India’s most-valued firm. The companies each plan to
Moving to a new home, whether it’s across town or across several state lines, can be an exciting time – but also a budget-busting experience. New homeowners (and apartment dwellers), often want new items in their new space, but can’t afford to spend funds on the cool, new stuff they need or desire. We’re starting
Bitcoin (BTC) is facing the prospect of a “big bull move” as stablecoin buying power returns, on-chain data hints. Analysis courtesy of on-chain analytics platform CryptoQuant now shows stablecoin supply metrics repeating historical bull market patterns. “Major leading indicator” flips bullish for BTC price Bitcoin is in peak accumulation mode, according to CryptoQuant’s Stablecoins Ratio
Centrica has reported an almost 10-fold surge in first-half earnings at British Gas, the UK’s largest household energy supplier, threatening to reignite consumer anger at the sector’s profits at a time of high household bills. Margins at British Gas, which has about 7.5mn customers, were boosted by higher gas and electricity prices, the company said
Crypto degens have been quick to try and capitalize on a widely-watched hearing where former United States government officials have claimed the existence of alien spacecraft and “biologics.” Testifying under oath at the House Oversight Subcommittee on National Security, David Grusch, a former Pentagon task force member on Unidentified Aerial Phenomena (UAP) and whistleblower, accused
The losses from Ukraine’s much vaunted counteroffensive were heavy and early. Pushing into the country’s sprawling southern fields earlier this summer, Kyiv lost almost a fifth of Nato kit provided for the operation, according to Ukrainian and western officials. Kyiv’s military response across much of the frontline is now becoming clear: to change tactics. The
In today’s episode of let’s talk stocks, we are going to take a look at the descending triangle pattern, which is a continuation pattern. I’m going to show you what this pattern looks like, the previous trend, volume, projections, entry points, and a few final tips for trading this pattern. #descendingtriangle #chartpattern #technicalanalysis #stockpattern #trianglepattern
The writer is a finance professor at Peking University and a senior associate at the Carnegie China Center While much of the debate about limiting US government debt assumes that rising debt is a consequence of profligacy on the part of Washington policymakers, the problem is in fact structural. Americans are forced to choose between
The centrist dads are back in town. The British granddaddy of so-called centrism, Tony Blair, all but formally anointed prime-minister-in-waiting Keir Starmer as his political successor during a love-in at the Future of Britain summit last week. Elsewhere, his erstwhile spin-doctor Alastair Campbell has been busy — along with former Tory Rory Stewart — taking
The rented Lancia Y10 flew down the darkened motorway. Reginald and Margaret Green had come from Bodega Bay, California, for an Italian road trip with their seven-year-old son, Nicholas, and four-year-old daughter, Eleanor. From Rome, the family headed south to visit the ancient Greek temples of Paestum and were driving down the toe of the