In May 2026, US airlines spent $6.66 billion on jet fuel, marking the second consecutive month with costs above $6 billion and an 84% increase from May 2025. This surge is mainly due to higher fuel prices, with the average price per gallon at $4.09, despite a slight drop from April. Fuel consumption slightly decreased by 0.6% compared to the previous year. The rise in fuel costs follows geopolitical tensions in the Middle East affecting crude supply routes, though recent ceasefire talks have eased prices somewhat. Airlines have responded by raising fares and cutting flight schedules. Upcoming airline earnings reports, starting with Delta, will shed light on how these fuel price changes impact financial results.
Stock market futures will begin trading on Sunday evening, marking the start of a relatively quiet week ahead. This calm period precedes the busy second-quarter earnings season, when many companies will report their financial results. Investors are l...
SpaceX's IPO quiet period ends this week, allowing analysts to publish ratings as the stock joins the Nasdaq 100. Options trading shows strong bullish sentiment, with calls at $180 and $190 implying an 11-17% upside. PepsiCo reports earnings amid mix...
U.S. stock indices remain strong above their 52-week averages as investors await the Federal Reserve's June meeting minutes for clues on future interest rate moves. Early second-quarter earnings reports from major companies like PepsiCo, Delta Air Li...
A severe heat wave across the central and eastern US is expected to continue through the Independence Day weekend, pushing temperatures up to 105°F (40.5°C). This surge in heat is causing electricity demand and wholesale power prices to spike dramati...
