Finance

Delta Air Lines reaffirms annual profit forecast on sustained travel demand

Delta Air Lines reaffirms annual profit forecast on sustained travel demand

(Reuters) -Delta Air Lines on Thursday reaffirmed its full-year and current-quarter earnings forecasts, betting on sustained travel demand in the U.S. The carrier also raised the lower end of its...

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Inflation rises in August amid political tension, ahead of Fed meeting

Inflation rises in August amid political tension, ahead of Fed meeting

U.S. consumer prices accelerated in August, underlining the stubbornness of inflation as the Federal Reserve heads into a key policy meeting next week — and as President Donald Trump continues to...

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CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher

CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher

The Consumer Price Index rose 2.9% in August from a year earlier, matching economists’ forecasts that prices would pick up slightly as President Trump’s tariffs filtered through the e...

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Forecast says holiday sales to retreat to pre-pandemic rates

Forecast says holiday sales to retreat to pre-pandemic rates

Deloitte’s annual holiday retail forecast shows consumers retreating to pre-pandemic levels of shopping — but one expert explains why that’s not necessarily a red flag. The company forecasts holi...

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GE Vernova to sell Proficy unit to TPG for $600 million

GE Vernova to sell Proficy unit to TPG for $600 million

(Reuters) -U.S. power equipment maker GE Vernova said on Thursday it had agreed to sell Proficy, its industrial software business, to asset management firm TPG for $600 million as part of cost-cu...

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Inflation ticked up in August, but Fed rate cut remains in play amid weakening job market

Inflation ticked up in August, but Fed rate cut remains in play amid weakening job market

U.S. inflation accelerated modestly in August, suggesting the Federal Reserve may have some leeway to cut interest rates at its September meeting. Consumer prices rose an annual 2.9% in August, th...

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