JetBlue’s decision to sell $400 million of five-year convertible senior notes resulted in a 13% decline in their stock value. This move has left investors concerned about the airline’s financial health and long-term stability. Hawaiian Electric Industries faced a significant setback as their shares plummeted by more than 16%. The utility’s inability to secure a
Finance
In the midst of the latest global market volatility, China has emerged as a distinct market with a certain level of resilience. While other major markets such as the U.S. and Japan have experienced significant fluctuations, Chinese stocks have managed to weather the storm relatively well. The Shanghai composite was down by 1.5%, and the
Taiwan Semiconductor saw a 1% rise in its stock before the market opening due to strong July revenue, showing a nearly 45% increase from the previous year. This positive growth indicates the company’s ability to capitalize on the growing demand for chips in various industries. The Trade Desk witnessed a 4% increase in its shares
In the wake of Eli Lilly’s impressive second-quarter earnings report, the company’s stock price surged by a significant 8%. This surge was largely attributed to the company’s revenue and earnings blowing past expectations, as well as the increase in its full-year revenue outlook by $3 billion. The sales of the blockbuster diabetes drug Mounjaro and
Italy’s banking sector has long been a topic of discussion among European policymakers, with calls for bigger banks across the continent. Following a sovereign debt crisis and a government bailout for Banca Monte dei Paschi (BMPS), the spotlight is now on Italy’s banking industry once again. According to analysts, there is a strong possibility of