Analyst Adam Jonas downgraded shares to underweight from equal weight in a Wednesday note.
Southwest Airlines shares tumble as costs rise, unit revenue slips
Southwest blamed “challenging comparisons from the pent-up travel demand surge in 2022, and higher than seasonally-normal growth.”
Wall Street analysts become even more bullish on Meta after its latest earnings report
Analysts on some of Wall Street’s biggest firms raised their price targets on Meta shares.
Salesforce-owned Slack says service restored after brief messaging outage
Workplace messaging service Slack said on Thursday that the workplace messaging app was back online after users earlier faced issues sending messages.
EU opens antitrust probe into Microsoft over Teams bundling
European Union regulators on Thursday opened an antitrust investigation into Microsoft’s bundling of its video and chat app Teams with other Office products.
‘Things are going to break’: Kevin O’Leary predicts Fed hikes will lead to more U.S. regional bank failures
The Shark Tank star is telling investors to wait 90 days to see what happens to smaller banks in the United States.
Ukraine war live updates: Ukraine seen stepping up its counteroffensive in the south; Russia’s defense minister meets North Korea’s Kim Jong Un
A security guard was killed and port infrastructure damaged after an overnight missile attack struck Ukraine’s Odesa region, regional governor Oleg Kiper said.
BT reiterates 2024 outlook on cost control and broadband demand
BT Group reiterated its full-year outlook on Thursday as cost control and demand for broadband helped to offset inflationary pressures.
Singapore’s UOB expects ‘some upside’ to interest income after Fed rate hike
UOB posted a 35% jump to 1.5 billion Singapore dollars in its core net profit in the second quarter from a year ago.
BNP Paribas beat estimates on debt financing, cost management
BNP Paribas, the euro zone’s biggest bank, beat estimates in the second quarter
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