Author: franperez66q@protonmail.com

Southwest Airlines Boeing 737 airplanes park at Hobby Airport during an afternoon rainstorm on May 27, 2026 in Houston, Texas. Kevin Carter | Getty Images News | Getty ImagesSouthwest Airlines reported a more than 9% increase in second-quarter profit from last year as higher fares are increasingly helping the airline cover its fuel tab, but its summer outlook fell below Wall Street forecasts.The airline forecast third-quarter adjusted earnings of between 50 cents and 75 cents, below the 82 cents analysts expected, even though it projected an increase in sales between 17.5% to 19.5% from a year earlier. The Dallas airline…

IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending Source link

For years, Microsoft has leaned heavily into extensive backward compatibility across multiple generations of Xbox hardware as a major selling point for its consoles. Today, that effort expands past the console ecosystem, making select original Xbox titles officially playable (and purchasable) on Windows PCs for the first time. The appropriately and bluntly named “Xbox Backward Compatibility on PC” program kicks off today with compatibility for BLiNX: The Time Sweeper, Conker: Live and Reloaded, Crimson Skies: High Road to Revenge, and Fuzion Frenzy. PC players can download each title for $10, but those with Xbox Game Pass subscriptions or existing digital…

Former defence minister Al Carns says he has turned down an offer to serve in Prime Minister Andy Burnham’s government.Carns followed John Healey, then defence secretary, in resigning from former prime minister Sir Keir Starmer’s government last month in a row over planned military funding, which both men said was not high enough.At the time, Sir Keir replaced Healey with Dan Jarvis, increased funding for the long-delayed defence investment plan (Dip) by a little but notably left a £4.7bn funding gap.Now Carns says he has been offered a ministerial role by the chief whip, Anneliese Midgely, but declined because he…

U.S. President Donald Trump (R) meets with Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia (2nd-L) in the Oval Office of the White House on Nov. 18, 2025 in Washington, DC. Win McNamee | Getty ImagesThe U.S. signed an agreement with Saudi Arabia on Wednesday to develop a civilian nuclear program in the kingdom. The agreement will lay the legal foundation for a decades-long, multibillion-dollar partnership, the Department of Energy said. It will provide U.S. companies with access to Saudi Arabia’s nuclear energy program, boosting exports of American technology in the sector, the department said. Energy Secretary…

Russia stocks higher at close of trade; MOEX Russia Index up 1.93% Source link

IBM CEO Arvind Krishna attends a Rose Garden Club event on the Rose Garden of the White House in Washington on July 6, 2026. Mandel Ngan | Afp | Getty ImagesIBM on Wednesday lowered its 2026 forecast and delivered thinner quarterly profits than analysts had projected, even after the technology vendor issued an earnings warning last week. Shares rose 1% in extended trading, as IBM said it aims to widen its full-year pre-tax margin by about 1 percentage point through higher productivity.Here’s how the company did relative to LSEG consensus:Earnings per share: $2.93 adjusted vs. $2.97 expected Revenue: $17.16 billion…

The bus fare cap in England will revert to £2 from January, new prime minister Andy Burnham has announced.The government says the policy, which is expected to cost more than £500m, will “help with the cost of living and give people the breathing space they need”.At the start of last year, the England-wide bus fare cap rose to £3 under Sir Keir Starmer’s Labour government, although in Liverpool and Manchester fares were held at £2.Burnham said affordable transport links were an essential, adding: “Lower fares will help people get to where they need to.”The measure gives people “a little bit…

John Paulson, the hedge fund manager who made billions betting against the U.S. housing market before turning bullish on gold, said he believes the precious metal is only in the early stages of a long-term rally.”I do think we’re in the beginnings or the early stages of a long-term bull market for gold,” Paulson said on CNBC’s “The Exchange” Wednesday. “As people lose faith in paper currencies, gold as an alternative will continue to grow.”Paulson, whose wager against subprime mortgages became one of the most profitable trades in Wall Street history, shifted his focus to gold in 2009, arguing that…

European Union antitrust regulators said on Wednesday they had signed off on Paramount Skydance’s proposed acquisition of Warner Bros. Discovery.The approval, which included concessions made by Paramount, comes as the deal has been delayed in the U.S. due to concerns raised by state attorneys general. In order to garner the approval, the European Commission, the executive body of the EU, said Paramount agreed to divest its stake in a film distribution joint venture with United International Pictures in Europe, and said it would not enter into any film distribution deal with Universal for the next 10 years in Europe. “These…