6/11/25

Airlines including American, Delta, and JetBlue take a beating amid lower airfares and spending softness

The airline industry group of the S&P 500 was the worst performer of the index on Wednesday, with major players including American Airlines, Delta Air Lines, and JetBlue all dropping significantly.

Shares began to fall early on Wednesday following the May CPI report that showed airfares fell 7.3% year over year in May, following a 7.9% year-over-year drop in April.

Stocks dove further after American Express said it’s still seeing weakness in airline spending in the current quarter at the Morgan Stanley US Financials conference.

Major US airline stocks have spent the better part of 2025 in the red as tariff-led fears have sent travel demand falling. Of the big four airlines, which together control about 80% of the US market, only Southwest Airlines shares are near flat on the year — and that’s because investors like the company’s massive cost-cutting spree. Execs have repeatedly warned that continued trade policy uncertainty could lead to a recession.

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Bank branches are still closing at breakneck speed in the US

Institutions such as Chase and Wells Fargo closed 76 locations in just six weeks over the summer, per the OCC.

Indianapolis - March 2016: Chase Bank III

business

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

20h

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.

illustration of money and spending

Claire Yubin Oh

Healthcare is expected to remain the engine of America’s job market through 2034

Not everyone is as sure as the BLS about the industry’s prospects.

First aid

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