Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Shares in Qantas Airways slumped as much as 17 percent on Thursday after the Australian national carrier issued a profits warning.
Qantas said that it expects to post an underlying pre-tax loss of A$250 million to A$300 million ($225 million to $270 million) for the first half amid a "marked deterioration" in market conditions.
(Read more: Qantas wins Dreamliner compensation, profit rises)
The company's share price fell as low as A$0.995 following the news, down 17 percent from Wednesday's close and its lowest level since July 2012.
It had recovered some ground by afternoon Asia trade but remained 11.5 percent lower, under performing the broader market which was down about 1.2 percent.
Qantas also said it planned to cut 1,000 jobs within 12 months as part of its cost reduction program, while the company's CEO and board would take a pay cut.
"The more cynical fraction of the investment community has often run with the mantra of 'never investing in airlines', and with the stock falling on a guidance downgrade, driven by a host of different reasons, you have to feel this statement is correct," Chris Weston, chief market strategist at IG, said in a note.
Despite the sharp fall in Qantas' stock price, Geoff Wilson, a portfolio manager at Wilson Asset Management agrees the airline does not present an attractive investment.
"How much worse could it get for Qantas? That's one of the questions right now," he told CNBC Asia's "Cash Flow."
"The airline industry is a tough industry to be in. We try to invest in undervalued growth companies and Qantas doesn't come into that category for us."
—Follow us on Twitter