Airlines report positive earnings amid increase in travel - July 14, 2021

Stock futures edged higher Wednesday following Federal Reserve Chairman Jerome Powell’s statement that the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases. Stocks have recently maintained record highs on expectations of a strong economic rebound, however, investors remain wary of potential hurdles, including how long the higher inflation will last as well as the prominence of COVID-19 variants. Inflation worries ruffle stocks, underpin dollar - Reuters How Economists Gather Data To Calculate Inflation - NPR Bank of America stock drops after profit beats expectations but revenue falls short - MarketWatch @BenEisen: A big earnings beat for Bank of America. Under the hood, net interest income is still getting hit by low rates, pressuring revenue, and expenses are up Delta Air Lines reported second-quarter revenue that topped Wall Street’s estimates, snapping a five-quarter streak of losses. American Airlines shares rose after the carrier forecast better revenue and a narrower loss than previously estimated for the second quarter. Air travel has increased sharply since the distribution of COVID-19 vaccines in the U.S. – American said it flew 44 million passengers in the second quarter, marking an 82% increase from the first three months of 2021. Don't Let The Optimistic Talk Fool You: US Airlines Still Have A Long Way To Go To Reach Full Recovery - Forbes Passport Renewal Wait Times Could Delay Your Trip - The New York Times Business Trips Are Coming Back Faster Than Expected in the U.S. - Bloomberg A rise in cyberattacks is prompting financial firms to bolster their defenses as more employees work from home. Cyber activities, like phishing, malware and ransomware grew from fewer than 5,000 per week in February 2020 to more than 200,000 per week in late April. Microsoft announced it is buying cybersecurity firm RiskIQ to help companies better protect themselves as ransomware becomes increasingly disruptive. Chip Shortage Ha