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American Airline Cuts Outlook After Jet Fuel Shock Bill
American Airline Cuts Outlook After Jet Fuel Shock Bill
American Airlines slashed its full-year outlook on Thursday morning, warning it could post a loss in 2026 as the Iran-U.S. war, which sent jet fuel prices soaring, adds roughly $4 billion in fuel costs.
The airline now expects full-year results ranging from a 40-cent loss to a $1.10 profit, down from its earlier forecast of $1.10 to $2.70 in earnings per share.
"Based on the forward fuel curve and the current revenue outlook, the midpoint of the full-year guidance is expected to...
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Apr 24, 2026 / Tyler Durden
FDA Grants Quick Review Psychedelic Drugs, First Approvals Could Come As Soon As Summer
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The FDA announced new steps to speed up research on psychedelic treatments for serious mental health conditions, following an executive order from President Donald Trump directing agencies to expand access to emerging therapies, CNBC and NBC reported this morning:
In a press release Friday, FDA commissioner Marty Makary said the medications “have the potential to address the nation’s mental health crisis, including conditions like treatment resistant depression, alcoholism and other serious mental health and substance abuse conditions.”...
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Mar 18, 2026 / Tyler Durden
Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran
Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran
Tl;dr: Rates on hold as expected with a hawkish tilt to 'uncertainty' around the Iran war clouding the outlook. The Dot-Plot showed no real change (7 on hold, 12 at least 1 cut in 2026) but inflation expectations surged in the SEP.
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A lot - and we mean a lot - has happened since the last FOMC meeting (Jan 28th).
Oil is up 54% since the last FOMC meeting, bitcoin has tumbled. Gold and stocks are also...
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Apr 23, 2026 / Patrick Frise
God Bless Captain Vere: When Constitutional Duty Yields to Institutional Power
With President Trump demanding people in the armed forces as well as in other government offices do his bidding no matter what the law might be, it is time for people to learn the lesson of Captain Vere.
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