On Thursday, the government issues a report on consumer prices in June and Delta Air Lines releases its second-quarter earnings. On Friday, several big banks report their latest results, including JPMorgan Chase, Wells Fargo and Citigroup.
Inflation eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. The trend could move the Federal Reserve closer to cutting its benchmark interest rate from a 23-year high. Analysts are expecting a small uptick in core prices this month.Wall Street expects another strong quarter from Atlanta-based Delta this quarter. Travel demand remains strong heading into summer, and analysts forecast Delta made $2.
5 billion in sales. In April Delta said it expected another record-breaking quarter and that profit would exceed expectations.Last quarter, big U.S. banks warned of an “uncertain” year ahead after releasing mixed financial results for the first quarter in an environment of stubbornly high inflation and geopolitical clashes. JPMorgan reported a modest 6% rise in profits last quarter, while Wells Fargo and Citigroup saw profits decline.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Delta Air Lines bringing back Cleveland nonstop route to western hub cityThe route was suspended in 2020 during the COVID pandemic. Since then, Cleveland Hopkins officials have been eagerly advocating for its return.
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Palantir, Delta Air LinesStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, JPMorgan Chase & Co. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
Delta flight diverted to JFK after passengers were served spoiled foodSpoiled in-flight meals prompted the diversion of a Delta Air Lines flight early Wednesday.
Read more »
Delta to launch premium economy service on NYC-LA flights in air travel upsell raceDelta and other carriers have sought to add premium seating and services on flights to get a revenue premium.
Read more »
Alaska Air returns 737 MAX 9 involved in mid-air blowout to BoeingAlaska Air returns 737 MAX 9 involved in mid-air blowout to Boeing
Read more »
Hill Air Force Base air show expects larger crowds and smoother security intake this yearThe last weekend of June is hosting a favorite event that attracts hundreds of thousands of people in Davis County: the massive air show at Hill Air Force Base,
Read more »