Delta Air Lines recently revealed that the CrowdStrike outage and subsequent mass flight cancellations in the previous month cost the company a significant $550 million. The financial impact included a $380 million revenue hit in the current quarter, primarily due to refunding customers for cancelled flights and providing compensation in cash and SkyMiles. Additionally, there
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
The upcoming release of Appian Way Production’s film, The Featherweight, tells the captivating story of two-time World Featherweight boxing champion Willie Pep. Set in the mid-1960s in Hartford, Connecticut, the film portrays a pivotal moment in Pep’s life as he decides to make a comeback to the boxing ring after facing personal struggles and setbacks.
Travel companies, such as Airbnb and Marriott International, are bracing for a slowdown in leisure travel as U.S. consumers hesitate to book vacations amidst uncertain economic conditions. Despite strong demand in recent years that boosted the industry’s profitability, companies are now warning investors of stagnant U.S. bookings in the third quarter. Hilton Worldwide CEO Christopher
On Thursday, the Reserve Bank of India (RBI) decided to keep its key interest rate unchanged at 6.50%. This decision was widely expected and reflects the central bank’s focus on reducing inflation, despite the current global market volatility. The Monetary Policy Committee (MPC), which is comprised of three RBI members and three external members, voted
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
In a recent CNBC report, analysts raised the possibility of Apple introducing a subscription model for its advanced artificial intelligence features, potentially charging users between $10 and $20 per month. The move aims to enhance the growth of Apple’s services business, which has proven to be a lucrative venture for the tech giant. With the