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American Airlines reported blowout second-quarter earnings on Thursday on strong demand and lower jet fuel prices, but shares still tumbled on disappointment with the company's outlook. Results were boosted by a retreat in jet fuel prices, which were down 35 percent from the year-ago level.
After a difficult year for operations and finances, Snap Inc. announced in late June that its paid subscription option had hit 4 million users.
Much of Netflix’s content comes from countries that are not involved in the writers and actors’ strike in the US
A Wall Street analyst predicts the Hollywood double strike could cost studios $450 to $600million more a year if they agree to raise compensation.
Moody's: "New collective bargaining agreements will ultimately cost Moody’s-rated companies an additional $450 million to $600 million a year."