magnez2 American Express’s (NYSE:AXP) consumer and small business credit card delinquency and net write-off rates stayed relatively stable during June, the company disclosed in an SEC filing on Monday. Meanwhile, lending activity ticked up during the month. U.S. consumer card member delinquency rate of 1.3% was unchanged from May. WhileContinue Reading
John M. Chase Aviation Capital Group finalized an order for 35 Boeing (NYSE:BA) 737 Max jets, the companies said on Monday. The order includes 16 of the 737-8 model and 19 of the bigger 737-10 variant. The aircraft leasing company now has a total of 82 orders for the best-sellingContinue Reading
06photo/iStock via Getty Images Airbus (OTCPK:EADSF) (OTCPK:EADSY) on Monday raised its forecast for global aircraft demand based on efforts by airlines to modernize their long-haul fleets and growth in Asia. The European plane maker, the biggest in the world, now expects the global fleet to more than double to 48,230Continue Reading
Maksim Safaniuk/iStock via Getty Images MP Materials (NYSE:MP) -2.5% in Monday’s trading as BMO Capital initiates coverage with a Market Perform rating and $16.50 price target, believing the company will benefit from the increasing shift away from current China-dominated supply chains but the current low price environment likely will weighContinue Reading
British regulators said they will examine the rapidly increasing use of digital wallets, which are used by multiple Big Tech firms, including concerns on competition, consumer protection or market integrity. The Financial Conduct Authority and Payments Systems Regulator said they are seeking views on the benefits and risks digital walletsContinue Reading
Sundry Photography/iStock Editorial via Getty Images Cintas (NASDAQ:CTAS) on Monday was downgraded to Sector Perform from a previous investment rating of Outperform by analysts at RBC Capital Markets. They said the uniform rental company faces challenges as the labor market weakens. “Uniform rental and facility services revenue growth could moderateContinue Reading
VM_Studio Last week, investors added long positions to the Japanese yen (FXY) and the British pound (NYSEARCA:FXB), increased short positions in the Norwegian Krone vs. the Euro (FXE) and the U.S. dollar (DXY), according to options data by Morgan Stanley. The Japanese yen (FXY) had a week change in optionsContinue Reading
Uber Technologies (NYSE:UBER) shares are trading defensively Monday as a decision by a UK court affecting rival private taxi operators weighs on the stock. According to Reuters, the UK Court of Appeal overturned a lower court ruling that would have required UK taxi operators to pay a 20% value-added taxContinue Reading
Stifle came out and highlighted its call for a correction taking place already was wrong from a timing standpoint, but the financial institution still believes that a correction is looming and predicts Wall Street will see one by the end of October. “Our concerns and expectation for just over aContinue Reading
Spencer Platt/Getty Images News RBC Capital Markets sees slowing economic growth as a roadblock for a sustainable rotation out of high-flying growth and large-cap stocks into other areas of the stock market. The Russell 200 (RTY)(IWM) rally late last week while the S&P 500 (SP500)(SPY) slumped following the June CPIContinue Reading
