Delta Air Lines is facing turbulence—this time, in the stock market. The airline’s shares took a nosedive after announcing a downward revision in its profit forecast for the first quarter of 2025. Investors reacted swiftly, plummeting Delta’s stock by nearly 13% in after-hours trading. Lower Profit Expectations Delta had previously projected strong revenue growth of…
Stock markets across Asia took a hit today as fears of a slowdown in the U.S. economy sent investors scrambling for safer assets. The uncertainty pushed the Japanese yen to a five-month high against the U.S. dollar, reflecting a growing sense of caution in global financial markets. Markets in Decline Japan’s Nikkei 225 index dropped…
Saudi Arabia’s National Agricultural Development Company (Nadec) has announced a share buyback program aimed at creating a long-term employee incentive plan. This move is part of the company’s strategy to attract, retain, and reward employees, aligning their interests with Nadec’s long-term success. Why Is Nadec Buying Back Shares? The company’s decision to repurchase a portion…
Tesla, once the dominant force in the electric vehicle (EV) industry, is facing growing pressure on Wall Street as its stock continues to slide. The company’s first annual sales decline in over a decade, combined with intensifying competition and investor skepticism, has raised serious concerns about Tesla’s long-term market position. Tesla’s Sales Slump Raises Red…
Wall Street is holding its breath ahead of a crucial inflation report set to be released this week. After a rough stretch in the markets, investors are anxiously waiting to see whether inflation is finally cooling—or if the Federal Reserve may need to keep interest rates higher for longer. Following its worst week since September,…
On Sunday evening, U.S. stock futures experienced a notable decline, extending the market’s recent downturn. This movement comes on the heels of the S&P 500’s most significant weekly loss since September, raising concerns about the market’s near-term trajectory. Futures Market Activity As of Sunday evening, the Dow Jones Industrial Average futures fell by 302 points,…
Nikola Jokić continues to redefine what’s possible in the NBA. The Denver Nuggets’ superstar center delivered a performance for the ages, becoming the first player in NBA history to record a 30-point, 20-rebound, 20-assist triple-double in a thrilling overtime victory against the Phoenix Suns. Jokić’s jaw-dropping stat line—30 points, 21 rebounds, and 20 assists—cements his…
Elon Musk is no stranger to controversy, but his recent political endorsements have sparked a new level of backlash. Protests have broken out in Lisbon, Portugal, as activists call for a boycott of Tesla, citing Musk’s support for far-right political figures across Europe. The demonstration in Lisbon saw protesters gather outside a Tesla showroom, holding…
In a major leap forward for digital commerce, decentralized marketplace Bazaars has announced the integration of Tether (USDT), the world’s most widely used stablecoin. This move is set to revolutionize cross-border transactions, providing millions of users with faster, more secure, and cost-efficient payments. With over 40 million users worldwide, Bazaars’ decision to incorporate USDT aims…
The crypto market has been again shaken, this time by the collapse of multiple meme coins on the Solana blockchain. The sudden crashes, including the high-profile downfall of the $HAWK token linked to influencer Haliey Welch, have left many investors wary of speculative digital assets. As the hype around meme coins fades, Rexas Finance (RXS)…