Stock Research

Delta Air Lines faces a significant financial setback following an IT outage caused by a faulty CrowdStrike update earlier in July, with estimated losses reaching $500 million. Delta’s CEO Ed Bastian announced the financial impact and emphasized the company’s intention to seek damages for the disruptions that grounded thousands of planes and caused widespread passenger… Continue reading CrowdStrike IT outage: Delta Air Lines says it faced losses of up to 500 M, will seek damages

Boeing reported a nearly 90% jump in its net loss for the quarter ending June 30, compared to the same period last year with lower commercial delivery volumes and losses in defense development programs dragging down its earnings in a big way.  The company also announced Robert K Ortberg as the new president and CEO who… Continue reading Boeing’s woes deepen as aircraft manufacturer reports 90% rise in net loss in Q2

Boeing has announced the appointment of Kelly Ortberg as its new chief executive, tasking the former leader of aerospace supplier Rockwell Collins with navigating the plane maker through one of the most challenging periods in its history. Ortberg, 64, will succeed Dave Calhoun, who has led Boeing since 2020 and previously announced his intention to… Continue reading Boeing appoints aerospace veteran Kelly Ortberg as new CEO

Rolls-Royce share price has retreated in the past few weeks as some investors start taking profits after a spectacular rally earlier this year. The stock dropped to a low of 445p on Tuesday, down by almost 9% from its highest point this year.  Industrial earnings going on Rolls-Royce stock price has wavered in the past… Continue reading Is Rolls-Royce share price a 52% bargain ahead of earnings?

American financial services giant Wells Fargo & Co. has been hit with a class action lawsuit accusing the bank of mismanaging its employee health insurance plan, which allegedly forced tens of thousands of US employees to overpay for prescription drugs. Filed on Tuesday in Minnesota federal court, the lawsuit claims the bank violated the Employee… Continue reading Wells Fargo faces lawsuit over alleged health plan mismanagement and inflated prescription costs

The Nasdaq 100 Futures have landed on a key support level ahead of Big Tech earnings. Traders and investors will be keeping a close eye on the developments this week as some of the biggest tech companies in the country announce their quarterly reports. Here is how things currently stand on the daily chart. Source:… Continue reading Nasdaq is testing a key support level, which stocks hold the key?

In a groundbreaking move that could reshape the e-commerce landscape, the US Consumer Product Safety Commission (CPSC) has ruled that Amazon can be held accountable for defective goods sold by third-party merchants on its platform.  This landmark decision marks a pivotal shift in how the e-commerce giant is regulated, potentially impacting millions of transactions and… Continue reading Amazon can now be held responsible for defective products sold by third-party sellers

Jim Cramer, the renowned financial commentator, is taking a positive outlook on McDonald’s Corp (NYSE: MCD) despite the company’s underwhelming second-quarter results.  As investors shift their focus from high-flying stocks to those with potential for recovery, McDonald’s stands out as a promising candidate for future growth. Although McDonald’s reported Q2 earnings that fell short of… Continue reading Why is Jim Cramer optimistic on McDonald’s despite Q2 weakness?