Stocks closed solidly higher on Thursday for the fourth straight session as investor optimism about the Trump administration continues to run high.
Sallie Mae, which formally operates under the updated name SLM, posted an earnings miss after the close on Thursday. American Express follows early Friday. SLM stock fell in late trade. SLM offers private student loans,
Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement of the Stargate AI initiative.
Shares of American Airlines plunged Thursday after the carrier released a disappointing 2025 profit outlook even as its earnings topped expectations in the most recent quarter.
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At 4:00 p.m. ET (21:00 GMT), the S&P 500 index closed 0.5% higher to a record of 6,118.72, while the Dow Jones Industrial Average rose 408 points, or 0.9%, and the NASDAQ Composite added 0.2%.
American said it was anticipating higher costs driven by lower capacity and expensive labor contracts to dampen its first-quarter outlook.
On a stand-alone basis, both Frontier and Spirit... Lori covers North American and Latin airlines for Aviation Week and is also a Senior Analyst for CAPA - Centre for Aviation. Daily Memo: What Awaits Beleaguered U.S. ULCCs In 2025? is published in ...
GE Aerospace posts strong Q3 results, announces $7B stock buyback; shares soar. American Airlines expects a significant Q4 loss; EA cuts 2025 net bookings guidance.
TikTok's future remains uncertain as ByteDance weighs options, while high-profile investors consider potential bids.
American Airlines (NASDAQ: AAL) stock slumped 8% after the carrier’s first-quarter earnings outlook on Thursday fell short of expectations, forecasting an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025, breaking from a more upbeat outlook from its rivals.