Business World

Stocks Surge as Weak Job Growth Numbers Fuel Rate-Cut Hopes, Trade Tensions Ease

Stocks Surge as Weak Job Growth Numbers Fuel Rate-Cut Hopes, Trade Tensions Ease

June 8, 2019 at 8:36 am

Stocks surged on Friday as lower-than-expected job growth numbers for May fueled investor views that the Federal Reserve may cut interest rates. Equities were also pushed higher amid possible thaws in the US trade tensions with the Mexico and China. Government data released before the market open showed the US added far fewer jobs than expected in May while theRead More

Wizz Air Net Profit, Revenue Rise in Fiscal 2019 But Margin Drops on Surging Fuel Costs

Wizz Air Net Profit, Revenue Rise in Fiscal 2019 But Margin Drops on Surging Fuel Costs

June 1, 2019 at 3:15 pm

Wizz Air (WIZZ.L), the largest low-cost airline in Central and Eastern Europe, reported early Friday record net profit and sales in the financial year just ended but the operating earnings margin fell as fuel costs climbed. Revenue surged to 2.32 billion euros ($2.58 billion) during the 12 months that ended March 31, from 1.94 billion euros a year ago, theRead More