Investing.com -- Cruise operators are set to outpace broader travel sector gains thanks to strong value offerings, rising margins, and long-term investment, according to TD Cowen.
The firm initiated coverage on Royal Caribbean (NYSE: RCL), Carnival (NYSE: CCL), and Norwegian Cruise Line (NYSE: NCLH) Holdings with Buy ratings and added NCLH to its Top Picks list.
“Cruise offers a unique, accessible international travel experience, with strong value proposition across... (continue reading...)
Opening Remarks
Chair Jerome H. Powell
At the Integrated Review of the Capital Framework for Large Banks Conference, Federal Reserve Board, Washington, D.C.
Good morning, and welcome to the Federal Reserve Board. I am pleased, though not surprised, to see such great interest in the topic of today's conference—the integrated review of the capital framework for large banks. I want to thank Vice Chair for Supervision Bowman for having the great idea of holding this event at... (continue reading...)
(Reuters) -Marlboro-maker Philip Morris International (PMI) on Tuesday reported second-quarter revenue behind expectations as cigarette sales slipped and shipments of its ZYN nicotine pouches fell short of forecasts.
Shares in the world's largest tobacco company by market capitalisation dropped about 5% in premarket trading.
PMI has been faster than its peers to transition from traditional tobacco products to smoking alternatives, such as... (continue reading...)
WASHINGTON (Reuters) -There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said on Tuesday, adding that the Fed chief's legacy should be to right-size the central bank's non-monetary policy functions.
Bessent's comments in an interview on Fox Business Network come a day after he called on the U.S. central bank to conduct an exhaustive review of non-policy areas of operations.
... (continue reading...)Investing.com -- Treasury Secretary Scott Bessent said Tuesday he sees no reason for Federal Reserve Chair Jerome Powell to step down now, while revealing plans to announce several trade deals within days.
Speaking on Fox Business, Bessent said tariffs are bringing manufacturing back to the United States. He noted that President Trump has mandated permits for factories to be completed within one month.
The Treasury Secretary disclosed that August 1 represents a "pretty... (continue reading...)
More General News
View Older Stories-
Equifax beats quarterly profit estimate, raises annual revenue forecast
-
Apple supplier Goertek to buy Luen Fung Commercial's units for $1.3 billion
-
Bowman Says Fed Obligated To Be Transparent, Accountable
-
Circle Internet Group stock falls after first downgrade
-
Pultegroup beats quarterly revenue estimates as sales incentives hold up
-
Tesla's easy money from regulatory credits set to dry up amid weakening sales
-
RTX cuts 2025 profit forecast as tariff costs weigh
-
Airo unveils development of new cargo drone with range of over 200 miles
-
Deutsche Bank: Americans, not foreigners, paying for Trump’s tariffs
-
15 names that Morgan Stanley’s analysts expect to move meaningfully on earnings
-
OpenAI to expand UK office and work with government departments to turbocharge the UK’s AI infrastructure and transform public services
-
OpenAI and UK sign ‘strategic partnership’ in investment push - FT
-
Exclusive-Tesla IT exec with no traditional car-sales experience is running sales, sources say
-
Chevron CEO says Hess deal ruling eases uncertainty for oil industry
-
Microsoft stock target raised at BofA into FQ4 results
-
Trump raises tariff demands in EU trade talks to 15-20% - FT
-
Trump pushes for 15-20% minimum tariff on all EU goods, FT reports
-
Blast at Los Angeles sheriff's facility kills three deputies
-
Invesco stock soars after seeking to convert QQQ Trust to open-ended fund
-
Humana stock falls after losing Medicare bonus payment lawsuit
-
From chips to cloud: AI's golden era is just starting, says Wedbush's Ives
-
Jefferies starts Stoke at Buy, sees $1 bln+ opportunity in rare epilepsy drug
-
BP to sell US onshore wind business to LS Power for undisclosed sum
-
OpenAI faces $700bn+ TAM by 2030: JPMorgan
-
Charles Schwab profit surges on trading boom, asset growth
-
Abbott upgraded after post-earnings selloff, hardware drag seen temporary
-
Morgan Stanley unpacks Tesla's edge: culture, talent, and strategy
-
Intel shares could squeeze higher during earnings, analyst says
-
HSBC says Apple needs more AI to sell more hardware
-
Sarepta shares tumble after report of patient death in early-stage trial
-
Chevron's $53 billion Hess acquisition cleared after arbitration ruling
-
3M sees smaller tariff hit on 2025 profit amid easing US-China trade tensions
-
S&P, Nasdaq end on subdued note after brief dip on latest Trump tariff rumbling
-
Norfolk Southern gains after WSJ reports Union Pacific explores acquisition deal
-
Tesla picks Liberty General Insurance and Acko as insurance partners in India
-
'Squid Game' boosts Netflix quarter, company raises revenue guidance
-
US House passes crypto industry-backed market structure bill
-
Coke's shift to cane sugar would be expensive, hurt US farmers
-
’Feel the AGI’ - OpenAI launches ChatGPT Agent
-
Trump diagnosed with chronic venous insufficiency, remains healthy
-
GSK stock falls after FDA panel rejects blood cancer drug Blenrep
-
Deutsche Bank backs Visa, Mastercard amid fintech sector slump
-
What’s next for Renault stock after profit warning?
-
Waymo expands coverage in Austin, Texas, as robotaxi competition heats up
-
Jungheinrich stock tumbles after guidance cut
-
US import prices rise marginally in June
-
Trump-linked World Liberty Financial coin price could ’skyrocket’ says analyst
-
Boeing deliveries to remain firm after strong Q2: BofA
-
Jefferies downgrades SHAK, SBUX: Warns of stretched valuations, limited upside
-
Lucid stock soars after Uber partnership for autonomous robotaxi program
