American Airlines (AAL) makes a profit for 3Q21 thanks to federal aid

American Airlines on Thursday reported $ 169 million in profit for the third quarter thanks to more than $ 990 million in state payroll. Revenue for the quarter was $ 8.97 billion, down about 25% from the same period in 2019 but an increase from the $ 3.17 billion Americans made a year ago. That … Read more

Brinker shares drop 11% after labor problems, food costs weigh on profits

Rental sign at Chili’s Bar and Grill with lots of incentives. UCG | Universal picture group | Getty Images Shares in Chili’s parent company Brinker International fell about 11% in pre-trading on Wednesday after the restaurant company released preliminary earnings ahead of its investor day showing that higher labor and food costs hurt its profit … Read more

How rising Covid cases in Great Britain could be “a compelling argument for boosters”

Former Obama White House Political Director Dr. Kavita Patel explained why the rising number of Covid cases in the UK could be a compelling argument in favor of booster vaccinations. “What is happening is … this real-world experiment where AstraZeneca becomes less effective and they haven’t brought their boosters to market,” said Patel during an … Read more

Ulta Beauty is focused on fast delivery as some pandemic habits remain

Florida, Port St. Lucie, The Landing at Tradition, outdoor mall, Ulta, cosmetic store. Jeff Greenberg | Universal picture group | Getty Images Ulta Beauty said Tuesday that it will roll out same-day delivery and expedite roadside collection in select markets as the company tracks consumers who have become used to buying lip gloss without leaving … Read more

SpaceX Starship could change investor expectations

The Starship Prototype 20 will be stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has grown into one of the most valuable privately held companies in the world, and Morgan Stanley believes the Starship missiles the company is developing will have far-reaching implications. Starship is the next … Read more

Covid and Johnson & Johnson JNJ Profit Q3 2021

Johnson & Johnson said in its earnings report on Tuesday that it sold $ 502 million of its Covid-19 vaccine in the third quarter, beating Wall Street’s earnings expectations. According to Refinitiv’s average estimates, J&J has fared compared to Wall Street expectations as follows: Adjusted earnings per share: $ 2.60 per share versus expected $ … Read more

Dow futures didn’t change much before a big week of earnings

US stock index futures were roughly flat during Sunday overnight trading after major averages posted their best week in months as the earnings season got off to a stronger-than-expected start. Futures contracts linked to the Dow Jones Industrial Average lost just 23 points. S&P 500 futures lost 0.1% while Nasdaq 100 futures lost 0.2%. The … Read more

Scientists are still concerned about the risk of an mRNA Covid booster causing heart inflammation in young adults, says Dr. Ofer Levy

The risk of mRNA Covid booster vaccinations causing heart inflammation in young adults continues to worry top scientists considering whether to approve a third dose for people over the age of 12, said Dr. Ofer Levy, a voting member of the Advisory Board of the Food and Drug Administration, on Friday. Levy, the director of … Read more

The FDA panel unanimously recommends J&J Covid Booster vaccinations for adults who have already received the first dose

A nurse will give a syringe to the FEMA-supported COVID-19 vaccination site at Valencia State College on the first day the site resumes offering the Johnson & Johnson vaccine. Paul Hennessy | LightRakete | Getty Images An influential advisory committee to the Food and Drug Administration said Friday the agency should approve booster shots of … Read more

China’s central bank says Evergrande is unique and most real estate developers are stable

An exterior view of the China Evergrande Center in Hong Kong, east China, March 26, 2018. Bobby Yip | Reuters BEIJING – The People’s Bank of China said Friday that indebted property developer China Evergrande was a separate case and that most real estate companies in the country are stable. Real estate giant Evergrande has … Read more