State Texas Financial News

Oil prices extended gains on Friday, rising about 1% on fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world's top-producing regions. Brent crude futures climbed 77 cents, or 0.8%, to $93.15 a barrel by 0042 GMT. U.S.

By Dietrich Knauth

By Lucia Mutikani

(Reuters) -American Airlines on Thursday beat estimates for third-quarter adjusted profit and said bookings for the upcoming holiday season have been stronger than last year, sending its shares up 1.6% in premarket trading.

American Airlines is reporting a $545 million loss for the third quarter due to higher labor costs

President Joe Biden's pick to lead the Federal Aviation Administration has moved a step closer to Senate confirmation

Amazon will soon make prescription drugs fall from the sky when the e-commerce giant becomes the latest company to test drone deliveries

Chicago’s new police chief says the city’s use of police stations as temporary housing for thousands of migrants seeking asylum has been a “burden” on the nation’s second-largest police department

Tesla has reported that its net income slumped in the third quarter versus a year earlier

By Akash Sriram

The Texas-based electric vehicle giant said sales in the July to September period reached $23.35 billion, lower than the $24.19 billion forecasted by analysts polled by Factset. The company also saw net profits come in less than hoped for, at 66 cents per share instead of 73 cents forecasted. Musk has undertaken multiple price cuts throughout 2023 on vehicles, telling investors in April that the company has taken the view that pushing for higher sales is the right choice versus taking a bigger margin. The move came as more EVs from legacy carmakers like General Motors and Ford are hitting dealerships. But those rivals have been punished by a major strike in the United States, something that Tesla will not have to navigate. The price cuts have made investors nervous and Tesla's share price slid more than seven percent in the last month and was down more than three percent from its last closing price in afterhours trade. The Tesla stock valuation however still dwarfs other US car makers and it has more than doubled in 2023, comforting Musk's position as one of the world's two richest people.

AP. In a post on youtube on October 18, Amazon revealed that residents of College Station, Texas can opt for drone-based prescription deliveries, with a promised delivery time of one hour from the moment they place their order. A drone will be dispatched from a secure pharmacy delivery centre to customer's designated address.

By Katya Golubkova

Investing.com-- Oil prices fell in Asian trade on Thursday after a strong run of gains this week as markets awaited more developments in the Israel-Hamas war, while upcoming signals from the Federal Reserve were also in focus. 

(Reuters) — Wireless tower operator Crown Castle (NYSE:CCI) forecast 2024 site rental revenue slightly below Wall Street estimates on Wednesday, as telecom firms reduce spending after years of pouring money into building out their 5G networks.

By Timothy Gardner

Electric vehicle manufacturer Tesla Inc (NASDAQ:TSLA) is set to release its Q3 earnings report today. The Austin Texas-based giant's stock has been trading sideways recently, and investors are hoping this report will provide the stock the spark it needs to resume the uptrend.

A North Carolina financial advisor has switched to Raymond James Financial Services from Edward Jones where he managed almost $140 million in client assets.

By Arathy Somasekhar and Muyu Xu

Investing.com-- Oil prices rose sharply in Asian trade on Wednesday after a deadly blast at a Gaza hospital appeared to have stymied a U.S. diplomatic effort in the Israel-Hamas war, while industry data showed that U.S. inventories shrank more than expected last week. 

A volleyball shoe startup is bringing attention to colleges' multi-million-dollar contracts with athletic apparel companies and terms that prevent athletes from wearing other brands