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1 week ago | 
investopedia.com | Aaron Rennie
Demand for international flights and premium seats is powering growth for United Airlines ( UAL). In its first-quarter report released Tuesday, the Chicago-based carrier swung to an adjusted profit of 91 cents per share on revenue that grew more than 5% year-over-year to record $13.21 billion. The stronger-than-expected results were led by growth at the front of the plane and on long-haul flights.
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1 week ago | 
investopedia.com | Aaron Rennie
Shares of USA Rare Earth ( USAR) surged for a second straight session Tuesday following a report that President Donald Trump intends to stockpile critical deep-sea metals to counter China.
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1 week ago | 
investopedia.com | Aaron Rennie
Smartphones, computers, and semiconductors have been exempted from President Donald Trump's "reciprocal" tariffs, according to updated guidance from the U.S. Customs and Border Protection. According to reports, Trump had hinted at exemptions on Air Force One on Friday night, telling reporters that "there could be a couple of exceptions for obvious reasons, but I would say 10% is a floor" for tariffs. The White House did not immediately respond to an Investopedia request for comment.
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1 week ago | 
investopedia.com | Aaron Rennie
Southwest Airlines' long-running free bags policy has had a welcome side effect: Its fliers were less likely to complain about having to gate-check their carry-ons. But the airline's newest policies, which take effect late next month, could change that, since travelers who soon will have to pay for bags likely will be more inclined to battle for space in the overhead bins.
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2 weeks ago | 
investopedia.com | Aaron Rennie
Fashion conglomerate Capri Holdings ( CPRI) has agreed to sell Italian luxury brand Versace to Prada for almost $1.4 billion, a deal that had been anticipated but reportedly had been at risk of collapsing because of market turmoil in the wake of President Donald Trump's tariffs.
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2 weeks ago | 
investopedia.com | Aaron Rennie
Shares of cryptocurrency-tied companies jumped along with the price of bitcoin Wednesday afternoon after President Donald Trump issued a 90-day pause on widespread "reciprocal" tariffs. Bitcoin ( BTCUSD), which traded as low as $74,500 Wednesday morning, was trading below $77,000 at around when President Trump wrote in a Truth Social post just after 1:15 p.m. ET that he was pausing the duties effective immediately, and that a base tariff of 10% on most countries.
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2 weeks ago | 
investopedia.com | Aaron Rennie
Shares of Simply Good Foods ( SMPL) jumped Wednesday as the nutritional foods and snacking products provider topped fiscal second-quarter estimates and affirmed its full-year outlook despite tariffs uncertainty. The Denver-based company, which owns the Atkins and OWYN brands, reported adjusted earnings per share (EPS) of $0.46 on revenue that rose 15% year-over-year to $359.7 million. Analysts polled by Visible Alpha were expecting $0.39 and $354.2 million, respectively.
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2 weeks ago | 
investopedia.com | Aaron Rennie
Key Takeaways Stocks surged at midday Tuesday, with the Dow Jones Industrial Average jumping nearly 1,000 points, as the major indexes rebounded somewhat from tariff-induced losses. The Dow, S&P 500, and Nasdaq were all up close to 2%. Shares of health insurance operators surged after the federal government said it would pay a higher rate to Medicare insurers than previously estimated.
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2 weeks ago | 
investopedia.com | Aaron Rennie
Shares of RPM International ( RPM) sank Tuesday as the specialty coatings and sealants company reported fiscal third-quarter results that came in weaker than analysts projected. The maker of DayGlo and Rust-Oleum posted adjusted earnings per share (EPS) of $0.35 on revenue that fell 3% year-over-year to $1.48 billion. Analysts polled by Visible Alpha expected $0.48 and $1.5 billion, respectively.
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2 weeks ago | 
investopedia.com | Aaron Rennie
Key Takeaways Canadian flight bookings to the U.S. were already plummeting. A new warning by its government to citizens visiting their southern neighbors won't help.
