Amazon is planning a budget storefront that would let Chinese sellers ship directly to U.S. consumers.Nasdaq Compositefor the first time. Outside of Big Tech stocks, the market was mostly sluggish, leading to speculation about whether the 2024 rally, largely powered by Nvidia, hason Wednesday after the bell, but its revenue fell just short of Wall Street's expectations. The sales miss comes despitein popularity recently.
The wing of a Southwest Airlines plane is seen over a layer of clouds, May 4, 2024 in Los Angeles, California.on Wednesday, blaming changing booking patterns. The company expects revenue per available seat mile — or the amount the airline brings in for every seat it flies one mile — will fall between 4% and 4.5% from the year-ago second quarter. It previously expected a more modest decline of 1.5% to 3.5%. Southwest also said its unit expenses, excluding fuel, would be up as much as 7.
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