Breaking News: Markets

A Pratt & Whitney PW1000G turbofan engine sits on the wing of an Airbus A320neo aircraft during a delivery ceremony outside the Airbus Group SE factory in Hamburg, Germany, on Friday, Feb. 12, 2016.Bloomberg | Krisztian BocsiShares of RTX tumbled 14% Tuesday after the aerospace giant said a manufacturing problem with some of its popular engines will require "accelerated" inspections on about 200 airplane engines.The problem stems from powdered metal used to make some engine parts, RTX, the parent of airplane engine…

United Parcel Service (UPS) driver pushes a dolly of packages towards a delivery van on a street in New York.Victor J. Blue | Bloomberg | Getty ImagesUPS and the union representing more than 300,000 workers at the package carrier on Tuesday said they reached a preliminary labor deal, narrowly avoiding a strike that was set to start in the coming days."Together we reached a win-win-win agreement on the issues that are important to Teamsters leadership, our employees and to UPS and our customers," UPS CEO Carol Tome. "This…

Mary Barra, CEO, GM at the NYSE, November 17, 2022.Source: NYSEDETROIT — General Motors is set to report its second-quarter earnings before the bell Tuesday.The Detroit automaker is expected to report solid results, driven by favorable industry trends of high prices on new vehicles and increased sales and production.Here's what Wall Street is expecting, according to Refinitiv consensus estimates:Adjusted earnings per share: $1.85Revenue: $42.64 billionThose results would mark sharp year-over-year increases of roughly 62%…

My top 10 things to watch Monday, July 24 1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results , while extending the contract of CEO Mike Wirth. The United States' second-largest oil firm in May announced an agreement to expand its shale operations by acquiring PDC Energy (PDCE) in a deal valued at $7.6 billion, including debt. Chevron is set to release its full second-quarter report on Friday. 2. Truist on Monday lowered its price target on Club oil name Pioneer Natural Resources (PXD) to…

Send your questions directly to Jim Cramer and his team of analysts at [email protected] . Reminder, we can't offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. Question 1: What are your thoughts on the stability of FORD's dividend? Thank you, Denise The quickest way to determine the sustainability of a company's dividend is to consider it in relation to earnings and/or cash flow. The dividend payout…

An American Airlines 777 is loaded with cargo at Philadelphia International Airport.Leslie Josephs/CNBCAirlines' cargo revenue is slumping. That's a sign of good news for travel recovery.Delta, United and American this month each reported year-over-year declines of about 40% in their second-quarter cargo revenue.For the first half of 2023, Delta's cargo business has generated $381 million, down from $561 million in the first half of 2022, while American's cargo unit brought in $420 million compared with $692 million in…

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines on Thursday raised its earnings outlook for 2023 after a strong start to the peak travel season, the latest airline to reap the rewards from the continued boom in demand.The Fort Worth-Texas based carrier expects to earn between $3 and $3.75 a share for the full year, adjusting for one-time items, up from a forecast in May to earn about $2.50 to…

A United Airlines airplane flies in front of the Empire State Building and One Vanderbilt in New York City as it comes in for a landing at Newark Liberty Airport on December 3, 2021, in Newark, New Jersey.Gary Hershorn | Corbis News | Getty ImagesUnited Airlines on Wednesday posted record quarterly earnings thanks to an unrelenting travel boom, led by a return of international travel.The airline lost some of its capacity during the second quarter because of flight disruptions at its Newark, New Jersey hub. But its…

Goldman Sachs on Wednesday posted profit below analysts' expectations amid write-downs tied to commercial real estate and the sale of its GreenSky lending unit.Here's what the company reported:Earnings: $3.08 a share vs. $3.18 a share Refinitiv estimateRevenue: $10.9 billion, vs. $10.84 billion estimateSecond-quarter profit fell 58% to $1.22 billion, or $3.08 a share, on steep declines in trading and investment banking and losses related to GreenSky and legacy investments, which sapped about $3.95 from per share earnings.…

CEO of Morgan Stanley James Gorman speaks in New York, May 6, 2014.Getty ImagesMorgan Stanley on Tuesday posted second-quarter earnings and revenue that topped analysts' expectations, helped by record wealth management results.Here's what the company reported:Earnings: $1.24 a share vs $1.15 per share Refinitiv estimateRevenue: $13.46 billion vs. expected $13.08 billionrelated investing newsThe bank said profit declined 13% to $2.18 billion, or $1.24 a share, on lower trading results from a year ago and a round of layoffs…