Alaska Airlines postponed its quarterly earnings call after a technology outage disrupted its operations for hours. The problems led the airline to issue a systemwide ground stop Thursday evening, which was lifted Friday at 2:30 a.m. ET. https://t.co/MOeeTzYAGq ...

We recently published 10 Stocks Slump Amid Wall Street Cheer; 2 Hit Rock Bottom. Southwest Airlines Co. (NYSE:LUV) is one of the worst performers on Thursday. Southwest Airlines declined by 6.25 percent on Thursday to finish at $31.65 apiece after reporting a dismal earnings performance in the third quarter of the year. In an updated report, Southwest Airlines Co. (NYSE:LUV) said net income during the period dropped by 19.4 percent to $54 million from $67 million in the same period last year, while total ...

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Core Insights - Alaska Air Group reported increased revenue in the third quarter, but profits were impacted by higher-than-expected costs and operational challenges [1] Financial Performance - The company experienced higher revenue in the third quarter compared to previous periods [1] - Profit margins were affected due to unexpected cost increases [1] Operational Challenges - The company faced operational challenges that contributed to the squeeze on profits [1]

Group 1: Alaska Airlines - Alaska Airlines experienced an IT outage that grounded all flights, leading to the cancellation of over 220 flights [3][5] - Operations were restored after the ground stop was lifted at 11:30 PM Pacific time [3] - The airline postponed its third-quarter 2025 financial results conference call due to the outage [6] Group 2: Target Corporation - Target Corporation announced a significant downsizing, cutting 1,800 corporate job positions, which includes 1,000 layoffs and the removal of approximately 800 open positions, representing about 8% of its global workforce [7][8] - U.S. corporate staff have been instructed to work remotely during the notification process for affected employees [7] - Target's shares rose by 0.7% in premarket trading following the announcement [8] Group 3: Economic Data - The Consumer Price Index (CPI) report is anticipated, with expectations of persistent retail inflation in September, projected to rise 0.4% month-over-month and 3.1% year-over-year [10][11] - Core CPI, excluding food and energy, is also expected to rise 0.3% month-over-month and 3.1% year-over-year [12] - The CPI report was rescheduled to October 24 due to a government shutdown, and it will be the last significant economic reading before the Federal Reserve's monetary policy meeting [13][14]

Group 1: Alaska Airlines - Alaska Airlines experienced an IT outage that led to a temporary ground stop, affecting all flights and resulting in over 220 cancellations [3][5] - Operations were restored after the ground stop was lifted at 11:30 PM Pacific time [3] - The airline postponed its third-quarter 2025 financial results conference call due to the outage [6] Group 2: Target Corporation - Target Corporation announced a significant downsizing, cutting 1,800 corporate positions, which includes 1,000 layoffs and the elimination of approximately 800 open positions, representing about 8% of its global workforce [7][8] - The restructuring aims to make Target's operations more agile, with U.S. corporate staff required to work remotely during the notification process [7] - Target's shares rose by 0.7% in premarket trading following the announcement [8] Group 3: Economic Data - The Consumer Price Index (CPI) report is anticipated, with expectations of persistent retail inflation in September, projected to rise 0.4% month-over-month and 3.1% year-over-year [10][11] - Core CPI, excluding food and energy, is also expected to rise 0.3% month-over-month and 3.1% year-over-year, consistent with August's figures [12] - The CPI report was rescheduled to October 24 due to a government shutdown, serving as a crucial economic indicator before the Federal Reserve's upcoming monetary policy meeting [13][14]

Core Points - Ryanair has announced a record Winter schedule for Amman, offering over 300,000 seats across 18 destinations and connecting Jordan to 12 EU countries [1][2] - The restoration of Ryanair's full operations at Amman Airport highlights the pro-business approach of the Jordanian Government, enhancing Jordan's appeal as a tourism destination [2][4] - Ryanair's investment proposal aims to increase annual traffic by 360% to reach 3 million seats and establish 50 direct connections from European cities to Jordan [3][4] Company Insights - Ryanair's CEO emphasized the importance of the expansion for Jordan's tourism, connectivity, and economic growth, with 84 weekly flights across 18 routes [4] - The partnership between Ryanair and Jordan has been significant since 2018, contributing to over a million visitors and enhancing Jordan's global tourism profile [4] Industry Impact - The announcement of 18 new routes for the Winter 25/26 Season is seen as a major milestone for Jordan's aviation and tourism sectors, reinforcing its position as a regional hub [4] - The collaboration between Ryanair and the Jordan Tourism Board has focused on promoting Jordan as an accessible destination for European travelers [4]

Market Overview - U.S. stocks experienced a positive session, with the Nasdaq Composite rising over 200 points, driven by a rebound in crude prices following new U.S. sanctions on Russian oil companies [1][5] - The Dow Jones increased by approximately 144 points, closing at 46,734.61, while the S&P 500 rose by 0.58% to 6,738.44, and the Nasdaq Composite gained 0.89% to 22,941.80 [5] Company Performance - American Airlines Group Inc. saw its shares increase by more than 5% after reporting better-than-expected third-quarter 2025 financial results and providing strong forward guidance [3] - Tesla Inc. shares rose around 2% following the release of its third-quarter results [3] Economic Indicators - U.S. existing home sales rose by 1.5% month-over-month to an annualized rate of 4.06 million in September, up from 4.0 million in the previous month [4] - The Kansas City Fed's Manufacturing Production Index increased to 15 in October from 4 in September, indicating improved manufacturing activity [4] Sector Performance - Most sectors within the S&P 500 closed positively, with energy, industrials, and materials stocks showing the largest gains, while real estate and consumer staples sectors closed lower [5] Investor Sentiment - The CNN Money Fear and Greed Index recorded a reading of 28.1, indicating a slight increase in fear compared to the previous reading of 26.0, remaining in the "Fear" zone [7]

Market Overview - U.S. stocks experienced a positive session, with the Nasdaq Composite rising over 200 points, driven by a rebound in crude prices following new U.S. sanctions on Russian oil companies [1][5] - The Dow Jones increased by approximately 144 points, closing at 46,734.61, while the S&P 500 rose by 0.58% to 6,738.44, and the Nasdaq Composite gained 0.89% to 22,941.80 [5] Company Performance - American Airlines Group Inc. saw its shares increase by more than 5% after reporting better-than-expected third-quarter 2025 financial results and providing strong forward guidance [3] - Tesla Inc. shares rose around 2% following the release of its third-quarter results [3] Economic Indicators - U.S. existing home sales rose by 1.5% month-over-month to an annualized rate of 4.06 million in September, up from 4.0 million in the previous month [4] - The Kansas City Fed's Manufacturing Production Index increased to 15 in October from 4 in September, indicating improved manufacturing activity [4] Sector Performance - Most sectors within the S&P 500 closed positively, with energy, industrials, and materials stocks showing the largest gains [5] - In contrast, real estate and consumer staples sectors closed lower, diverging from the overall market trend [5] Investor Sentiment - The CNN Money Fear and Greed Index recorded a reading of 28.1, indicating a slight increase in fear compared to the previous reading of 26.0, remaining in the "Fear" zone [7]