Wells Fargo note says global economy will help U.S.
According to Wells Fargo, the strength in the global economy will help to push U.S. stocks higher in 2020. The On The Move panel dives into the Wells Fargo note and the banks predictions for 2020.
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Bloomberg•Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. Demand for travel remains strong, including among business flyers, but airlines are dealing with higher labor costs, and delays in getting new aircraft from Boeing are limiting their ability to add more flights.
Associated Press Finance•$433 Billion Gone! One Stock Loses More Value Than Tesla
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
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Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.
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Motley Fool•China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
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