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Fuel Price Surge Prompts Airlines to Cut Flights—and Keep Fares High
The Wall Street Journal9d agobullish
Fuel Price Surge Prompts Airlines to Cut Flights—and Keep Fares High

Airlines are cutting money-losing flights to protect pricing power as fuel prices march higher, executives said Wednesday. United Airlines Chief Financial Officer Mike Leskinen said United would drop some flights in December and could cut flights into next year if fuel prices stay high. The rise in fuel prices since the start of the Iran war has undermined airline profits.

GEV Stock Jumps After GE Vernova CEO Touts This Milestone
Investor's Business Daily9d agobullish
GEV Stock Jumps After GE Vernova CEO Touts This Milestone

Despite widespread AI concerns, GE Vernova expects to reach a key backlog target sooner than expected. GEV stock jumped on Wednesday. At a Morgan Stanley conference, GE Vernova CEO Scott Strazik reportedly said the company's backlog, which ended the second quarter at $176 billion, is on track to hit $200 billion "very early" in 2027.

Investing.com9d agobullish
Generac stock surges 18% on $8B Amazon supply deal

Investing.com -- Generac Holdings (NYSE:GNRC) shares rose 18% in after-hours trading following the announcement of a long-term supply agreement with Amazon.com to provide backup power generators for Amazon data centers.

Freeport-McMoRan Eyes Leach Breakthrough, Bagdad Growth and Grasberg Recovery
MarketBeat9d agobullish
Freeport-McMoRan Eyes Leach Breakthrough, Bagdad Growth and Grasberg Recovery

Freeport-McMoRan (NYSE:FCX) is pursuing growth through U.S. brownfield expansions, technology investments and the recovery of its Grasberg mine in Indonesia, President and CEO Kathleen Quirk said during a Morgan Stanley conference discussion. Quirk said copper remains the company’s central focus as

Why Is FTAI Aviation (FTAI) Stock Soaring Today
StockStory9d agobullish
Why Is FTAI Aviation (FTAI) Stock Soaring Today

Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 6% in the morning session after the company authorized a new $500 million share repurchase program, signaling confidence in its balance sheet and ordinary shares. According to a company press release, FTAI Aviation’s board approved a repurchase plan covering up to $500 million of outstanding ordinary shares, with the program set to end on the earlier of full completion of the buybacks or September 30, 2029. The company said it

Union Pacific Gets A Buy Rating. High Fuel Costs Make It An Attractive Shipping Option.
Investor's Business Daily9d agobullish
Union Pacific Gets A Buy Rating. High Fuel Costs Make It An Attractive Shipping Option.

UBS upgraded Union Pacific to a buy rating Wednesday, expecting another year of strong volume growth. Also, a potential merger with Norfolk Southern could support an "attractive upside." The firm's analysis of key markets suggests 3.5% volume growth in 2027, while intermodal and merchandise pricing compared with the truckload market points to a strong tailwind.

Circle Agrees to Buy Tazapay. Can Over $25B in Annualized Payment Volume Improve USDC Monetization?
Insider Monkey9d agobullish
Circle Agrees to Buy Tazapay. Can Over $25B in Annualized Payment Volume Improve USDC Monetization?

Circle Internet Group, Inc. (NYSE:CRCL), issuer of the dollar-backed USDC stablecoin, announced on September 8 an agreement to acquire Singapore-based Tazapay, which serves payment providers and financial institutions. Circle Internet Group, Inc. (NYSE:CRCL) agreed to pay approximately $400 million in Class A common stock, subject to adjustments for debt, cash, and transaction expenses. Separately, the […]

How Investors May Respond To Best Buy (BBY) Holiday Push Into Immersive Tech And Loyalty Programs
Simply Wall St.9d agobullish
How Investors May Respond To Best Buy (BBY) Holiday Push Into Immersive Tech And Loyalty Programs

Best Buy recently gave shoppers an early look at the past holiday season by rolling out immersive in-store experiences featuring advanced gaming setups, next-generation TVs, Meta devices, and other new tech categories across its stores and online channels. The retailer also enhanced its My Best Buy Plus and Total memberships with richer rewards and season-long savings events, underscoring how service, loyalty, and experiential retail are becoming central to its technology sales model. We’ll...