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Investing.com -- American Airlines fell in afterhours trade Tuesday after the airline cut its guidance on second profit as softer demand is expected to dent revenue.   

American Airlines Group (NASDAQ: AAL) fell more than 5% in afterhours trading following the news. 

The company lowered its forecast for Q2 EPS to a range of $1.00 to $1.15 from $1.15 to $1.45 previously as total revenue per available seat mile, or TRASM, is now expected to decline in a range of 5%... (continue reading...)

Investing.com – Geopolitical noise, with fears of escalating tensions in the Middle East, and supply risks remain on investors' radar when it comes to the oil market. However, the commodity's resilience to supply shocks might be underestimated. During these periods, the risk premium is higher but temporary, reflecting uncertainty about potential supply issues in the region, a major global producer.

According to Julius Baer, the perception of greater dependency might be... (continue reading...)

Robinhood (NASDAQ: HOOD) Markets stock added more than 3% in afterhours trading Tuesday after the broker unveiled plans for share repurchase program.

The company's board of directors has given the green light for a Repurchase Program, allowing Robinhood to buy back up to $1 billion of its outstanding Class A common stock.

This strategic move is poised to unfold over the next two to three years, starting in the third quarter of 2024.

The buyback plan does not come with a... (continue reading...)

Investing.com -- Commodities including gold oil, and copper have been on rip-roaring rally and could be set for more gains, underpinned by positive fundamentals including demand amid supply and geopolitical issues and potential U.S. rate cuts ahead. 

"[W]e see higher commodity prices ahead, and expect total returns of around 10% for broad commodity indexes over the next six to 12 months," analysts at UBS said in a Tuesday note, adding that its broad commodity UBS CMCI... (continue reading...)

Investing.com – Gold continues to shine. Surpassing records in May, gold remains a highlight in the commodities market, with demand dominated by Asia. In the last three months, gold futures for June delivery have risen around $300, moving from the $2,052 mark to the current $2,360. On Tuesday, futures were up 1.10% at $2,360 per ounce, while spot gold gained 0.32% at $2,357.

"The gold market is special. Although global demand has barely grown over the last decade,... (continue reading...)