The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Here's how Amazon sells ads, and why it has a natural edge over Google and Facebook in some areas.Technologyread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to Cohen's campaign-finance probe should be unsealed — and denied a request...Politicsread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Gov. Phil Murphy of New Jersey announced a lawsuit against the IRS and Treasury Secretary Steven Mnuchin, responding to new, final rules from the IRS that would largely block...Personal Financeread more
Spirit Airlines on Friday reported second-quarter earnings that topped expectations.
The airline posted adjusted earnings of $1.11 a share on revenue of $584.1 million.
Analysts polled by Reuters has expected Spirit Airlines to report earnings of $1.08 a share on revenue of $587.1 million.
The company said it was experiencing pressure on yields and expects that to continue through the summer travel season.
"While in line with our expectations, our second quarter 2016 financial results were negatively impacted by continued pressure on yields," Spirit CEO Bob Fornaro said in a statement. "Looking ahead, we see strong volumes for the peak summer leisure travel period but anticipate yield pressures will persist."
Spirit reported an 8.6 percent drop in second-quarter cost per available seat mile from the same period a year earlier.
Aircraft fuel expense decreased in the second quarter of 2016 by 11.5 percent, or $14.7 million, compared to the same period last year.
CORRECTION: This article was updated to show Spirit Airlines reported adjusted earnings of $1.11 a share, topping expectations.