Even the most dominant corporations have confronted the limits to their life spans. Can Meta outrun its fate?Travel-related companies also gained ground. Carnival rose 7.8%, Royal Caribbean gained 8.4% and American Airlines added 5%.
Investors are still gauging the effects of rising inflation on businesses and consumers while remaining cautious about the Federal Reserve’s plan to fight inflation. Wall Street will get another key update on inflation Thursday with the Labor Department’s report on consumer prices for January. Investors have another busy week reviewing the latest corporate report cards. Meat producer Tyson Foods rose 12.2% after reporting strong results.
Besides earnings, several companies gained ground on buyout news Monday. Spirit Airlines jumped 17.2% after Frontier Airlines’ parent company agreed to buy the carrier in a deal worth $2.9 billion.Frontier Airlines’ parent company is buying Spirit Airlines in a $2.9-billion deal to increase the airlines’ competitiveness against larger rivals.
a message from Poland
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: truthout - 🏆 69. / 68 Read more »
Spanberger, Roy to support ban on members of Congress' 'inappropriate' ability to trade stocksHouse Democrats are split on the issue of whether members of Congress should be restricted from owning or trading stocks, with moderate Rep. Abigail Spanberger becoming the latest to voice her support and urge the consideration of legislation to block what she called an “inappropriate” practice.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Source: nbcchicago - 🏆 545. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »