United Airlines rallies on profit forecast. But it's adapting to the 'reality' of Boeing's difficulties.

Shares of United Airlines Holdings Inc. rallied after hours on Tuesday, after the airline forecast a second-quarter profit that was above expectations, helped by strong demand and a rebound in business travel. 


 
Take-Two Interactive to Cut 5% of Jobs, Slash Projects

The video game maker said the cost-cutting moves are expected to be finished by the end of the year. 


 
Investment Banking Bounceback Powers Big U.S. Lenders

Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected earnings thanks to strong consumer spending and a flurry of Wall Street activity. 


 
Tesla Delays Cybertruck Deliveries, Leaving Buyers Confused

The pause is the latest issue for the carmaker, which recently announced job cuts. 


 
Musk's Starlink Cracks Down on Growing Black Market

Elon Musk's SpaceX has begun a crackdown on users who are connecting to its Starlink high-speed internet service from countries where it isn't authorized. 


 
J.B. Hunt Earnings Tumble in Weak Freight Market

The key intermodal business saw revenue slide on declining volumes and rates. 


 
Trump's Truth Social Stake Shrinks by $3.4 Billion After Stock Tanks

Shares are down more than 65% from a recent peak after the first three weeks of trading. 


 
Microsoft Ups Ante in AI Race With China Through Stake in Abu Dhabi Firm

The $1.5 billion deal between the U.S. tech firm and Abu Dhabi-based G42 signals a pivot for the Gulf state toward Washington 


 
Louis Vuitton Owner LVMH Posts Lower Revenue Amid Luxury Slowdown

Revenue for the first three months of the year came in at EUR20.69 billion, down 2%. 


 
UnitedHealth Stock Soars After Earnings Beat Expectations, Despite Cyberattack

The healthcare and insurance company expects the attack to hit its full-year earnings.


(END) Dow Jones Newswires

04-16-24 1915ET