The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
United Continental, the parent company of United Airlines, reported quarterly earnings and revenue that beat analysts expectations, despite severe business disruptions from a series of hurricanes that hit southeast Texas, Florida and parts of the Caribbean.
Here's how the company did compared to what Wall Street expected, according to Thomson Reuters:
In the year-ago period, United reported earnings per share of $3.11 on $9.91 billion in revenue. Third quarter consolidated passenger revenue per available seat mile was down 3.7 percent compared to the year-ago period.
The company's stock initially rose in after-hours trading, but later paired its modest gain and was slightly down.
United's operations have been disrupted by a series of hurricanes that slammed the United States over the past two months. The company said it cancelled some 8,300 flights due to severe storms during the quarter, which reduced pre-tax income by $185 million.
In September, United said it attributed $400 million in losses to Hurricane Harvey alone, which devastated Houston, Texas, the nation's fourth-largest city. United operates a hub out of George Bush Intercontinental Airport.
The company has also struggled to emerge from a public relations fiasco after security officials forcibly removed a passenger from an overbooked United Express flight operated by Republic Airways last April. A video of the incident went viral online, forcing United to issue a public apology and change some of its policies.
United has since settled with the passenger, Dr. David Dao, who was left bloodied and suffered a concussion during the altercation. The amount of the settlement has not been publicly disclosed.
The company's stock is down by more than 6 percent year to date.