Southwest Airlines reported Q3 results, beating revenue & EPS consensus. Operating income & expenses down. New directors appointed. Q4 guidance released. read more
The letter, signed by more than half of the living U.S. recipients of the Nobel Prize in economics, describes Harris’s economic plan as “vastly superior.” read more
Prominent economist Peter Schiff cautioned investors against holding cash as a long-term strategy, warning of significant purchasing power erosion amid growing inflation concerns. read more
Denmark’s Tax Law Council has put forth a proposal to tax unrealized gains and losses on cryptocurrency assets in the same way that it taxes stocks and bonds. read more
Boeing attributed the results to the ongoing strikes led by the International Association of Machinists and Aerospace Workers (IAM) and previously announced charges on commercial and defense programs. read more
The technology sector continues to experience significant workforce reductions, with Layoffs.fyi reporting over 165,000 layoffs in 2022 and 264,000 in 2023. So far in 2024, more than 132,900 employees from 410 tech companies have been let go, as tracked by the same site. According to an additional analysis by IT jobs portal Trueup.io and estimates…
The new Tesla Roadster, originally slated for a 2020 release, has faced multiple postponements, with the latest update suggesting production might not begin until after 2025. read more