Francesca Fontana
speaker
2,691 appearances
52 recordings
1 series
first heard Aug 2017
last heard Feb 2025
Francesca Fontana’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
the Personal Consumption Expenditures Price Index, or PCE.
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And that came in lower than expected.
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Plus, this week, China's central bank unveiled a bunch of stimulus measures, including a rate cut of its own.
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As a result, Chinese stocks had a total banner week, and we saw the ripple effects across global markets.
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European companies that make luxury goods, which have been suffering from weaker Chinese sales, their shares got a boost, commodity prices got a lift, and so did U.S.
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listed shares of Chinese companies.
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All in all, all three indexes ended higher on a weekly basis.
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The Dow Jones Industrial Average and the S&P 500 each added about 0.6%, and the tech-heavy Nasdaq rose about 1%.
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Looking at specific stocks, let's start with Southwest, where a new vision is taking flight, you might say.
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Southwest, a pioneer in budget air travel, is known for its open seating policy.
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It's one of the things that makes Southwest Southwest.
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Not anymore.
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The company said that next year it's going to start selling assigned seats, and it's also adding rows of premium seating with extra legroom.
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You know, the ones that you can pay extra for.
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Southwest also unveiled a $2.5 billion share buyback program, cost-cutting plans, and a new board member.
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All of this is an effort to fend off activist investor Elliott Investment Management and convince shareholders that it can turn itself around.
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So far, it looks like Elliott, which owns about 10 percent of Southwest shares, is unimpressed.
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And the activists said it would continue to press for new leadership.
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But investors, they were getting on board.
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And Southwest shares took off Thursday, gaining roughly 5 percent and giving back some of those gains the next day.
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Showing 821–840 of 2,691 · page 42 of 135
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