These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

5 things we’ve learned from earnings season so far: How big an impact is inflation having?

More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key takeaways have emerged — including that Wall Street was far more worried about the coming earnings season than it needed to be. That doesn’t mean investors were wrong; the numbers and management commentary have confirmed … Read more

Wizz Air to Book 1Q Net Reported Loss of EUR450 Mln

By Anthony O. Goriainoff Wizz Air Holdings PLC said Monday that it will book a net reported loss of around 450 million euros ($458.4 million) for the first quarter of fiscal 2023, and that it has adjusted flight schedules due to disruptions including slot-allocation issues and turnaround timings. “In total for the peak summer period … Read more