American Airlines stock tumbles 8% as fuel spike further postpones turnaround
American Airlines cut its 2026 earnings forecast Thursday due to rising fuel costs, with stock falling 8% as higher fares prove insufficient to offset the expense spike.
American Airlines cut its 2026 earnings forecast Thursday due to rising fuel costs, with stock falling 8% as higher fares prove insufficient to offset the expense spike.
Comcast reported strong second-quarter results, with NBCUniversal’s Peacock achieving profitability for the first time, though the broadband business continued losing customers ahead of a planned company split.
Albertsons shares dropped more than 20% after the grocer cut its fiscal 2026 earnings outlook, citing weakened consumer spending and softer demand in its core grocery business.
Crude oil prices fell sharply on Monday as geopolitical tensions between the U.S. and Iran showed signs of easing, with Brent crude down 6% to $90.93 per barrel.
Gold prices advanced on Monday as a softer dollar bolstered demand, though investors weighed easing Middle East tensions against anticipation of the Federal Reserve’s upcoming policy decision.
Financial markets face a critical week with Federal Reserve decisions, major technology earnings from Microsoft, Meta, Apple and Amazon, and economic data expected to influence global asset trading.