Ryanair’s strikes are hitting its profits and stock price

[ad_1] London CNN Business  —  Ryanair could be headed for a rough landing this year. Europe’s leading low cost airline slashed its profit forecast for the current fiscal year to between €1.1 billion ($1.27 billion) and €1.2 billion ($1.39 billion). That’s about €150 million ($174 million) less than the company had expected. Ryanair (RYAAY) said … Read more

Tesla calms fears with strong sales numbers

[ad_1] New York CNN Business  —  A tumultuous quarter at Tesla ended with some very good sales numbers. The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch. That included almost 56,000 of the lower-priced Model 3. Production was a … Read more

Goldman Sachs slants research to help Democrats, top White House adviser says

[ad_1] New York CNN Business  —  Kevin Hassett, one of President Donald Trump’s top economic advisers, suggested that Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections. The Goldman Sachs economics team “almost at times looks like the Democratic opposition,” Hassett told CNN’s Poppy Harlow on Tuesday. The … Read more