The momentum supporting Ohio Republican Jim Jordan's campaign to become the next House Speaker experienced a setback on Tuesday as he failed to secure the necessary votes on the first ballot. Vote Breakdown: House Minority Leader Hakeem Jeffries (D., N.Y.): 212 votes Jim Jordan: 200 votes Other candidates: 20 votes Former Speaker Kevin McCarthy (R., Calif.): 6 votes In … [Read more...] about Momentum Fades for Jim Jordan’s Bid for House Speaker
Dollar Tree Stock Upgraded by Goldman Sachs
Shares of discount chain Dollar Tree Inc. have experienced a decline of 17.9% so far this year. Concerns primarily revolve around cautious consumer spending, competition from online discounters worldwide, and the possibility of the company having to invest more to attract employees and reduce prices to remain competitive. Despite these challenges, there is good news for Dollar … [Read more...] about Dollar Tree Stock Upgraded by Goldman Sachs
Consumer Companies Experience Growth in Retail-Sales
Consumer companies are seeing a positive shift in sales, thanks to a surprisingly robust retail-sales performance. In September, sales at stores, online platforms, and restaurants experienced a stronger-than-expected 0.7% increase compared to the previous month. Consumer-Spending Trends Reveal Potential Problems Ahead While the recent sales figures are encouraging, there are … [Read more...] about Consumer Companies Experience Growth in Retail-Sales
United Airlines Reports Strong Quarter with Decreased Fuel Costs
United Airlines Inc. released its third-quarter financial results, revealing significant reductions in jet fuel prices and associated costs. The airline spent $3.342 billion on fuel during the quarter, marking an 11% drop from the previous year. Over the first nine months of the year, fuel expenses decreased by 4.7% compared to the same period in 2021. Fuel costs were reported … [Read more...] about United Airlines Reports Strong Quarter with Decreased Fuel Costs
United Airlines: Adjusted Profit to Take a Hit in Fourth Quarter
United Airlines recently announced that it expects its adjusted profit to be negatively impacted in the fourth quarter due to the ongoing war between Israel and Hamas. The airline operator stated that this impact would be even more significant if flight suspensions to Tel Aviv continue beyond the end of October. As a result of this news, shares of United Airlines saw a decline … [Read more...] about United Airlines: Adjusted Profit to Take a Hit in Fourth Quarter
