DALLAS—American Airlines raised its forecast of fourth-quarter revenue and profit Thursday, boosted by higher fares and full planes capped off with a busy holiday travel period. American earned $1.12 to $1.17 per share in the fourth quarter, nearly double its previous forecast. Revenue was 16 percent to 17 percent above the same quarter in 2019,…
BMW Sales Recover in 4th Quarter as Supply Chain Issues Ease
BERLIN—BMW fourth-quarter group sales rose 10.6 percent, the carmaker said on Tuesday, helped by easing supply chain bottlenecks in a year that has been plagued by war in Ukraine and lockdowns in China. Full-year deliveries were down 4.8 percent, with Europe and China hardest hit by supply chain troubles that curbed output, particularly in the…
World Bank Cuts China Growth Outlook on COVID-19, Property Woes
BEIJING—The World Bank has cut its China growth outlook for this year and next, citing the impact of the abrupt loosening of strict COVID-19 containment measures and persistent property sector weakness. The Washington-based lender, in a report released on Tuesday, said it expected China’s economy to grow 2.7 percent in 2022, before recovering to 4.3…
Retail Sales Surprise to Upside in October, but Outlook Gloomy
Retail sales beat market forecasts in October as Americans bought more big-ticket items like cars and furniture, but the outlook for the all-important holiday shopping season looks gloomy, as retail giant Target warned of a consumer demand slump. The Department of Commerce reported on Nov. 16 that retail sales rose 1.3 percent last month, beating…
US Retailer Home Depot Leaves Outlook Unchanged as Housing Market Slows
Home Depot Inc. on Tuesday left its annual forecasts unchanged even as quarterly results topped Wall Street expectations, raising concerns about demand heading into the holiday season amid a slowing housing market. Shares in the largest U.S. home improvement chain slipped in early trade, with the number of transactions falling in the quarter as surging…
OPEC Raises Long-Term Oil Demand View, Calls for Investment
October 31, 2022
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ABU DHABI—OPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand despite the energy transition. The view from the Organization of the Petroleum Exporting Countries, in its 2022 World Oil Outlook, contrasts with that…
Lufthansa Raises 2022 Profit Outlook on Strong Demand for Air Travel
BERLIN—Lufthansa raised its forecast for full-year adjusted operating profit to over 1 billion euros ($980.40 million) on Monday, boosted by strong demand for air travel that continued its post-COVID recovery. The company previously expected adjusted operating profit (EBIT) of more than 500 million euros. Preliminary results for the third-quarter indicated that the airline almost doubled…
IMF Warns of Higher Recession Risk and Darker Global Outlook
October 6, 2022
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WASHINGTON—Two principal economists painted very different pictures Thursday of what the global economy will look like in the coming years. Kristalina Georgieva, managing director of the International Monetary Fund, told an audience at Georgetown University on Thursday that the IMF is once again lowering its projections for global economic growth in 2023, projecting world economic…
JPMorgan Raises 2022 Interest Income Outlook Ahead of Investor Conference
JPMorgan Chase & Co. presented a more optimistic profit forecast on Monday as it opened an investor conference to relieve worries that the biggest U.S. bank by assets might be starting to lose its edge. Investors are keeping an eye on the prospects for banks to increase their net interest income, or the difference between…
The Surprising Physical and Mental Benefits of Practicing Optimism
As soon as parents bring a new baby home, they begin to look for all the milestone “firsts”—rolling over, sitting up, eating solid food, walking, talking. The list goes on and on until it’s filled with even more advanced educational objectives. Can your child identify the letters of the alphabet and their sounds? What sight…
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