These are the stocks posting the largest moves before the bell.Market Insiderread more
Stock futures fell sharply as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.US Marketsread more
A Ministry of Commerce spokesperson does not single out any U.S. action, but it's been a tense couple of weeks for the trade war.World Politicsread more
Tesla was set for its seventh straight day of losses after more analysts joined the growing list of those concerned with its finances.Investingread more
"For them to say that they don't work with the Chinese government is false," says Pompeo.Politicsread more
With Tesla shares skidding, two experts weigh in on what could be next for the automaker and its volatile stock.Trading Nationread more
Here are the biggest calls on Wall Street on ThursdayInvestingread more
First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 212,000 claims reported for the previous week.Economyread more
Chipotle Mexican Grill is about to take a hit from rising prices due to African swine fever, according to BMO Capital Markets.Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Massive expansions underway at top domestic airports will result in increased costs to U.S. carriers and ultimately hit the wallet of consumers, according to a new report.
"Most airports will raise airline rates and charges significantly by 2021," Moody's Investor Service said in a report released Tuesday.
It added, "As airports increase capital expenditure, we estimate costs incurred by airlines at the top 25 airports will rise on average by 34 percent between 2016 and 2021."
Specifically, the report forecast that Delta Air Lines would see a 39 percent increase in costs over the next five years with the airport expansions, or above the industry average. It said Delta's costs are driven in part by the redevelopment of its New York LaGuardia Airport facilities as well as upgrades at its Salt Lake City hub.
At the same time, it estimated Southwest would see a 32 percent rise in costs over the next five years while American Airlines and United Airlines would each see a roughly 31 percent increase. However, JetBlue is forecast to see the smallest rise with 27 percent over the same stretch.
Airport landing fees and rents for airlines, meanwhile, are forecast to rise 25 percent by 2021, driven in part by capital expenditures at large facilities.
"As large U.S. airports continue to set new records for passenger volumes, they are putting in place expansion plans that will lead to increased leverage in the U.S. airport sector and drive airline partners' costs higher, both of which are credit negative," said Moody's in the report authored by analysts Earl Heffintrayer and Jonathan Root.
That said, the report forecasts that airlines' overall costs for the airport expansions will "be modest relative to their total operating expenses and ... be readily absorbed, given healthy profit margins. We thus expect the projects can be accommodated without causing negative industry-wide credit pressures in either the airport or airline sectors."
Specifically, Moody's estimates the increase in costs that the carriers will incur over a five-year period will run between 1.5 percent and 2.5 percent of current total airline operating expenses.
"These increases are manageable and should be able to be recovered through higher fares," the ratings agency stated.
Overall, the Moody's report estimates $11.7 billion of fresh money will be raised this year for airport expansions and another $6.9 billion next year. Many of the projects are at dilapidated facilities that have not seen major improvements since the 1960s.
At Los Angeles International Airport, for example, a $1.6 billion passenger terminal is being built by American Airlines that will add a dozen new gates for jetliners and allow the facility to handle more passengers. United Airlines is spending just over $500 million to renovate its terminals at LAX, while Delta recently moved its terminals at the nation's second-busiest airport and is undergoing a nearly $2 billion multiyear upgrade of its facilities.
New York's LaGuardia Airport is undergoing a nearly $4 billion renovation that will include a new unified terminal. It is part of a 35-year lease signed with Delta that includes the construction of a new terminal to replace a 1960s-era structure.
Hartsfield-Jackson Atlanta International Airport is undergoing a $6 billion expansion that began several years ago and includes a 20-year lease renewal with Delta. Airlines operating from the nation's busiest airport will pick up about half the cost of the upgrade.
Watch: Airlines favor Trump proposal to privatize air traffic controllers