(Reuters) – American Airlines on Tuesday cut its second-quarter profit forecast, sending the shares of the carrier down about 4% in aftermarket trading. The company now expects second-quarter adjusted earnings per diluted share to be between $1.00 and $1.15, down from its previous expectations of between $1.15 and $1.45 per share. It now expects total…
By Guy Faulconbridge and Josh Smith MOSCOW/SEOUL (Reuters) – Vladimir Putin, on his first visit to North Korea in 24 years, signed a mutual defence pledge with Kim Jong Un on Wednesday, underscoring just how far Russia has recast its relations with the only country to test a nuclear weapon this century. Putin, who is…
(Reuters) – Meta Platforms is exploring making earphones powered by artificial intelligence with cameras, The Information reported on Monday citing employees familiar with the matter. A slew of companies, from startups to conglomerates including Meta, are looking to develop AI-based wearable devices to capture growing interest in the sector. The Facebook-parent expects the device, being…
(Reuters) -Republican Donald Trump said on Thursday he would not participate in another presidential debate against his Democratic rival Kamala Harris ahead of the Nov. 5 election, as several polls showed that she beat him. “THERE WILL BE NO THIRD DEBATE!” the former president wrote on social media site Truth Social, after participating in a…
(Reuters) – A California state agency said on Thursday it had rejected AT&T’s bid to be able to stop offering landline telephone service and other services as the “carrier of last resort.” Marin County said AT&T’s request made in March 2023 would have ended services to over 580,000 eligible households throughout the state. The California…
(Reuters) -Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced groceries and discretionary items. The membership-only retailer saw resilient demand for its groceries and bakery items as consumers grappling with still-high cost of living preferred cooking more meals at home. With consumers trading down to shop…
By Lindsay Dunsmuir (Reuters) -The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, underscoring the resilience of the labor market and reducing the likelihood the Federal Reserve will be able to start rate cuts in September. The Labor Department’s closely watched employment report on Friday also showed the…
WASHINGTON (Reuters) -NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million in the name of several member states, the alliance’s Secretary-General Jens Stoltenberg said on Tuesday. “Just today, the (NATO procurement agency) NSPA signed a new multinational contract for Stinger missiles worth almost $700 million,” he told a gathering of defence…
By Lisa Barrington DUBAI (Reuters) – Delta Air Lines is still committed to the Boeing 737 MAX 10 model that it has on order for deliveries beginning next year, even though it does not anticipate receiving the aircraft for some time, CEO Ed Bastian said on Saturday. Delta, one of the largest U.S. airlines, operates…
WASHINGTON (Reuters) – China has not responded to U.S. nuclear-weapons risk-reduction proposals and Washington has questions about Beijing’s call for no-first-use talks while China continues to build up its arsenal, the top U.S. arms control official said on Wednesday. Under Secretary of State Bonnie Jenkins told the Senate Foreign Relations Committee the U.S. estimates China…
