United Airlines reported a pre-tax loss of $164 million as well as an adjusted loss of 15 cents per share, which was a lot better compared to the predictions of analysts, who expected 54 cents per share. The company believes the first quarter would be profitable if it weren’t for the $200 million impact that was caused by the grounding of Boeing 737 MAX 9 after Alaska Airlines experienced an incident with the same model.

The airliner also surpassed the expectations of analysts with $12.5 billion in operating revenue, which represents a 9.7% increase compared to the same period last year. The projections were that United Airlines will have $12.45 billion in revenue for the period.

United Airlines now projects a profit of $3.75 to $4.25 per share for the Q2 compared to Wall Street expectations of $3.76 profit per share.

After closing at $41.50 per share on Tuesday, the United Airlines stock rallied in after-market trading. It opened at $44.39 per share on Wednesday and continued its climb to $47.60 at one point. This is the highest the company’s shares have been in April.

The post United Airlines Stock Jumps 14% After Strong Q1 Results and Optimistic Projections for Q2 appeared first on theprimarymarket.com.

March jobs data, set to be released later this week is expected to show that employment has continued to rise this past month. While Powell is expected to provide more insight in Wednesday’s speech, he previously mentioned that Fed policymakers are awaiting further evidence to suggest that prices are being contained before introducing interest rate cuts.

Oil edged towards a five-month high as Middle East tension continues and Mexican supplies remain tight. West Texas Intermediate rose 0.6% to $84.25 per barrel. Spot gold traded 0.2% higher at $2,255.31 an ounce.

The post U.S. Futures Idle as Investors Assess Federal Reserve Outlook appeared first on theprimarymarket.com.

“All U.S. cars that are capable of FSD will be enabled for a one-month trial this week,” Musk wrote on social media platform X.

Priced at $12,000, the FSD technology has fallen short of expectations in terms of being a profit driver. This comes after Tesla was faced with regulatory and legal hurdles regarding its safety and marketing efforts. In response, Musk claimed that critics do not understand how well the FSD works while supervised.

Tesla’s decision to provide a trial of the FSD to U.S. consumers comes across as a sales push amid declining adoption rates of the technology. While 53% of Tesla customers opted for the driver-assist technology in the third quarter of 2019, only 14% of customers purchased the FSD in the third quarter of 2022.

The post Tesla Offers One-Month Trial of Driver-Assist Technology appeared first on theprimarymarket.com.

Following the influx of the latest round of economic data, the Fed has shifted its economic projections, which have involved a reduction in interest rate cuts for 2024 from three to two or a delay in the start of the rate-cutting agenda in June.

Due to mixed signals, investors have apparently become unsure of the Fed’s outlook, Mathieu Savary, Chief European Strategist at BCA Research observed. “The market is completely indecisive on the number of Fed rate cuts,” Savary explained, calling it “a complete coin toss” between two and three rate cuts.

The post Dollar Rises for Fifth Straight Session appeared first on theprimarymarket.com.

Some of the filing’s underwriters also estimate that Reddit’s revenue will increase at a similar rate to the company’s own expectations. Should these projections prove true, it would mark a major turnaround for the company, While Reddit’s revenue grew at a similar pace last year, the company became profitable in the fourth quarter of 2024.

The IPO is expected to rake in an investment of $748 million for Reddit, the company claimed in its regulatory filing. 22 million shares will be up for sale, with the price per share ranging between $31 to $34. Reddit is also expecting a $66.4 million income in 2024 from licensing access to the company’s website data to third parties such as Google parent company Alphabet Inc.

The post Reddit is Expecting Over 20% Sales Growth in 2024 appeared first on theprimarymarket.com.

Nonfarm payrolls are expected to rise by 200,000 in February, while the unemployment rate is expected to hold steady at 3.7%, as was the case in January. In January, 353,000 jobs were added to the economy, meaning that a slowdown in hiring over February is expected. The average weekly hours worked for February is expected to be 34.3, compared to 34.1 in January. On a monthly basis, average hourly earnings are expected to rise by 0.2%, compared to a 0.6% increase in January. On a yearly basis, average hourly earnings are expected to rise by 4.3%, compared to a 4.5% rise in January.

Oxford Economics lead U.S. economist Nancy Vanden Houten believes that this jobs report would encourage the Federal Reserve to introduce interest rate cuts as early as May if it meets analysts’ expectations. “After an overheated surge in January, we expect a cooler, but still solid, pace of job growth in February and expect the spike in earnings growth to be reversed. A report that is stronger than we forecasted would raise the risk that the first Federal Reserve rate cut comes later than May, which is currently our baseline,” she wrote in a note to clients.

The post Jobs Report Expected to Show Hiring Slowdown appeared first on theprimarymarket.com.

Among the biggest movers that propelled the Nasdaq’s growth on Friday was chipmaker Nvidia, which ended the day with a market cap exceeding $2 trillion for the first time in its history on the back of an AI wave. Dell shares surged by 31% amid a quarterly sales and profit beat.

Despite market fears, January’s PCE report showed that inflation is continuing to cool, thereby quelling fears that the interest rate cuts from the Federal Reserve would be pushed back. Still, some central bank policymakers remain skeptical due to an unwillingness to allow inflation to creep back above the Fed’s 2% target.

The post S&P 500, Nasdaq Hit New Records in Winning Week appeared first on theprimarymarket.com.

This trend is leading to a shortage of home inventory, with the prospect of higher mortgage rates dissuading homeowners from parting ways with their existing homes. According to the National Association of Realtors, existing home sales hit a 30-year low last year, a testament to this “lock-in” effect where homeowners refuse to let go of their cheaper mortgage rates.

Of those born between 1946 and 1964, 40% have remained in their homes for at least 20 years, Redfin found. A further 16% have been in their current homes for 10 to 19 years. According to the study, this appears to be a generational trend rather than a broader market one, with only around 7% of millennials staying in their homes for 10 years or longer.

The post U.S. Homeowners Remain In Homes Longer Than They Did 20 Years Ago appeared first on theprimarymarket.com.

Revenue for the quarter ended December 31 was $2.83 billion, falling short of an estimated $2.85 billion according to LSEG data. Still, Caesars’ net loss of 34 cents per share beat the net loss of 70 cents per share that the company incurred during the same period the previous year.

Profits were hit primarily by the rising expenses faced by Caesars’ Las Vegas operations, particularly spiking prices of food and beverages and hotel operations. Costs were also elevated by the company’s acquisition of WynnBET’s Michigan iGaming business, allowing Caesars to extend its reach in the U.S. Casino market.

The post Caesars Misses Quarterly Revenue Target appeared first on theprimarymarket.com.

Currently, the world’s largest farm machinery producer, Deere & Co., trading in the United States as John Deere, stated that net income for the fiscal year is expected to come in at $7.5 billion to $7.75 billion, down from an initial profit outlook of $7.75 billion to $8.25 billion set in November. Estimates compiled by Bloomberg amounted to $7.75 billion.

“Moving forward, we expect fleet replenishment to moderate as agricultural fundamentals normalize from record levels in 2022 and 2023,” Deere Chief Executive Officer John May stated, suggesting that the demand levels experienced over the past two years have been irregularly high.

The post Deere Cuts Profit Outlook as Tractor Demand Slumps appeared first on theprimarymarket.com.

United Airlines reported a pre-tax loss of $164 million as well as an adjusted loss of 15 cents per share, which was a lot better compared to the predictions of analysts, who expected 54 cents per share. The company believes the first quarter would be profitable if it weren’t for the $200 million impact that was caused by the grounding of Boeing 737 MAX 9 after Alaska Airlines experienced an incident with the same model.

The airliner also surpassed the expectations of analysts with $12.5 billion in operating revenue, which represents a 9.7% increase compared to the same period last year. The projections were that United Airlines will have $12.45 billion in revenue for the period.

United Airlines now projects a profit of $3.75 to $4.25 per share for the Q2 compared to Wall Street expectations of $3.76 profit per share.

After closing at $41.50 per share on Tuesday, the United Airlines stock rallied in after-market trading. It opened at $44.39 per share on Wednesday and continued its climb to $47.60 at one point. This is the highest the company’s shares have been in April.

The post United Airlines Stock Jumps 14% After Strong Q1 Results and Optimistic Projections for Q2 appeared first on theprimarymarket.com.

March jobs data, set to be released later this week is expected to show that employment has continued to rise this past month. While Powell is expected to provide more insight in Wednesday’s speech, he previously mentioned that Fed policymakers are awaiting further evidence to suggest that prices are being contained before introducing interest rate cuts.

Oil edged towards a five-month high as Middle East tension continues and Mexican supplies remain tight. West Texas Intermediate rose 0.6% to $84.25 per barrel. Spot gold traded 0.2% higher at $2,255.31 an ounce.

The post U.S. Futures Idle as Investors Assess Federal Reserve Outlook appeared first on theprimarymarket.com.

“All U.S. cars that are capable of FSD will be enabled for a one-month trial this week,” Musk wrote on social media platform X.

Priced at $12,000, the FSD technology has fallen short of expectations in terms of being a profit driver. This comes after Tesla was faced with regulatory and legal hurdles regarding its safety and marketing efforts. In response, Musk claimed that critics do not understand how well the FSD works while supervised.

Tesla’s decision to provide a trial of the FSD to U.S. consumers comes across as a sales push amid declining adoption rates of the technology. While 53% of Tesla customers opted for the driver-assist technology in the third quarter of 2019, only 14% of customers purchased the FSD in the third quarter of 2022.

The post Tesla Offers One-Month Trial of Driver-Assist Technology appeared first on theprimarymarket.com.

Following the influx of the latest round of economic data, the Fed has shifted its economic projections, which have involved a reduction in interest rate cuts for 2024 from three to two or a delay in the start of the rate-cutting agenda in June.

Due to mixed signals, investors have apparently become unsure of the Fed’s outlook, Mathieu Savary, Chief European Strategist at BCA Research observed. “The market is completely indecisive on the number of Fed rate cuts,” Savary explained, calling it “a complete coin toss” between two and three rate cuts.

The post Dollar Rises for Fifth Straight Session appeared first on theprimarymarket.com.

Some of the filing’s underwriters also estimate that Reddit’s revenue will increase at a similar rate to the company’s own expectations. Should these projections prove true, it would mark a major turnaround for the company, While Reddit’s revenue grew at a similar pace last year, the company became profitable in the fourth quarter of 2024.

The IPO is expected to rake in an investment of $748 million for Reddit, the company claimed in its regulatory filing. 22 million shares will be up for sale, with the price per share ranging between $31 to $34. Reddit is also expecting a $66.4 million income in 2024 from licensing access to the company’s website data to third parties such as Google parent company Alphabet Inc.

The post Reddit is Expecting Over 20% Sales Growth in 2024 appeared first on theprimarymarket.com.

Nonfarm payrolls are expected to rise by 200,000 in February, while the unemployment rate is expected to hold steady at 3.7%, as was the case in January. In January, 353,000 jobs were added to the economy, meaning that a slowdown in hiring over February is expected. The average weekly hours worked for February is expected to be 34.3, compared to 34.1 in January. On a monthly basis, average hourly earnings are expected to rise by 0.2%, compared to a 0.6% increase in January. On a yearly basis, average hourly earnings are expected to rise by 4.3%, compared to a 4.5% rise in January.

Oxford Economics lead U.S. economist Nancy Vanden Houten believes that this jobs report would encourage the Federal Reserve to introduce interest rate cuts as early as May if it meets analysts’ expectations. “After an overheated surge in January, we expect a cooler, but still solid, pace of job growth in February and expect the spike in earnings growth to be reversed. A report that is stronger than we forecasted would raise the risk that the first Federal Reserve rate cut comes later than May, which is currently our baseline,” she wrote in a note to clients.

The post Jobs Report Expected to Show Hiring Slowdown appeared first on theprimarymarket.com.

Among the biggest movers that propelled the Nasdaq’s growth on Friday was chipmaker Nvidia, which ended the day with a market cap exceeding $2 trillion for the first time in its history on the back of an AI wave. Dell shares surged by 31% amid a quarterly sales and profit beat.

Despite market fears, January’s PCE report showed that inflation is continuing to cool, thereby quelling fears that the interest rate cuts from the Federal Reserve would be pushed back. Still, some central bank policymakers remain skeptical due to an unwillingness to allow inflation to creep back above the Fed’s 2% target.

The post S&P 500, Nasdaq Hit New Records in Winning Week appeared first on theprimarymarket.com.

This trend is leading to a shortage of home inventory, with the prospect of higher mortgage rates dissuading homeowners from parting ways with their existing homes. According to the National Association of Realtors, existing home sales hit a 30-year low last year, a testament to this “lock-in” effect where homeowners refuse to let go of their cheaper mortgage rates.

Of those born between 1946 and 1964, 40% have remained in their homes for at least 20 years, Redfin found. A further 16% have been in their current homes for 10 to 19 years. According to the study, this appears to be a generational trend rather than a broader market one, with only around 7% of millennials staying in their homes for 10 years or longer.

The post U.S. Homeowners Remain In Homes Longer Than They Did 20 Years Ago appeared first on theprimarymarket.com.

Revenue for the quarter ended December 31 was $2.83 billion, falling short of an estimated $2.85 billion according to LSEG data. Still, Caesars’ net loss of 34 cents per share beat the net loss of 70 cents per share that the company incurred during the same period the previous year.

Profits were hit primarily by the rising expenses faced by Caesars’ Las Vegas operations, particularly spiking prices of food and beverages and hotel operations. Costs were also elevated by the company’s acquisition of WynnBET’s Michigan iGaming business, allowing Caesars to extend its reach in the U.S. Casino market.

The post Caesars Misses Quarterly Revenue Target appeared first on theprimarymarket.com.

Currently, the world’s largest farm machinery producer, Deere & Co., trading in the United States as John Deere, stated that net income for the fiscal year is expected to come in at $7.5 billion to $7.75 billion, down from an initial profit outlook of $7.75 billion to $8.25 billion set in November. Estimates compiled by Bloomberg amounted to $7.75 billion.

“Moving forward, we expect fleet replenishment to moderate as agricultural fundamentals normalize from record levels in 2022 and 2023,” Deere Chief Executive Officer John May stated, suggesting that the demand levels experienced over the past two years have been irregularly high.

The post Deere Cuts Profit Outlook as Tractor Demand Slumps appeared first on theprimarymarket.com.