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Nearly 1.5 billion shares and $16.8 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
The chief executive officers of a dozen U.S. airlines, beset by record fuel costs that have caused several to cut jobs, reduce capacity and impose higher fees on customers, are now asking for their customers' help to curb the rise of oil prices.
Northwest Airlines said on Wednesday it would cut its frontline and management staff by 8 percent as part of a sweeping capacity reduction aimed at offsetting the soaring cost of jet fuel.
ExpressJet Holdings, the parent of ExpressJet Airlines, said on Tuesday it would suspend branded commercial operations as of Sept.
Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.
Hedging is a financial strategy that lets airlines or other investors protect themselves against rising prices for commodities such as oil by locking in a price for fuel. It has been described as everything from gambling to buying insurance.
Delta and Northwest pilot negotiators say they have a tentative agreement with Delta management on a joint contract to cover both pilot groups when the companies combine later this year.
UAL, parent of United Airlines, said Monday it plans to lay off 950 pilots as it prepares to cut domestic capacity to offset soaring fuel prices.
Nearly 1.4 billion shares and $20 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Stocks fell sharply Friday as oil prices climbed about $3 and a concoction of rumors and bad news shook up the banking sector. Rounding the bend toward the closing bell, the Dow was off nearly 4 percent for the week, the S&P off 3 percent and the Nasdaq off 2 percent.
Nearly 1.7 billion shares and $24 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Stocks fell sharply Tuesday as a warning from Goldman Sachs that banks may need to raise another $65 billion rippled through the market, offsetting any positive impact from Goldman's earnings.
Nearly 1.5 billion shares and $23 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
The markets seesawed amid mixed economic and financial news on Thursday.
The airline industry is feeling the pain of record-high fuel prices, and CNBC talked to a current and a former airline executive for additional insight.
The Transportation Security Administration is trying to speed up airport screening by asking passengers to choose a line based on their familiarity with checkpoint procedures, The New York Times reports.
Nearly 2.0 billion shares and $26 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Airlines are cutting jobs, mothballing planes and reducing flights as they battle record fuel costs that have pushed the industry to its worst crisis since 2001, and the result is likely to be higher fares and fewer choices for travelers.
Stocks rallied, with the Dow ending just shy of its session high, after an unexpected drop in jobless claims and solid sales reports from some retailers including Wal-Mart. A credit-rating downgrade on bond insurers spurred a quick dip but stocks quickly bounced back. Oil closed near $128 a barrel.
Stocks rallied, with the Dow posting a triple-digit point gain, helped by an unexpected drop in jobless claims and solid sales reports from some retailers including Wal-Mart.