(Reuters) -Southwest Airlines ( LUV ) on Wednesday lowered its second-quarter forecast for revenue per available seat miles (RASM), a proxy for pricing power, citing uneven travel demand, sending its shares down 9% in premarket trading. The company said changing travel patterns meant it was unable to sell the amount of seats it wanted to. The carrier now expects current...

(Reuters) - Rivian Automotive ( RIVN ) surged 36% premarket on Wednesday after a $5 billion investment from Volkswagen offered the loss-making startup more firepower to scale production in a slowing electric-vehicle market. The investment will also bolster Rivian's depleting cash reserves, further its target of becoming profitable on a gross margin basis later this year and help it compete...

06:50 AM EDT, 06/26/2024 (MT Newswires) -- With inflation plateauing (or expected to plateau) close to the ceiling of respective target ranges, Latin America's central banks are easing cautiously or opting for a pause, said Societe Generale. This isn't the end of the easing cycle wherever applicable in the region. Real rates remain high and the United States Federal Reserve's...

06:46 AM EDT, 06/26/2024 (MT Newswires) -- German appliance and engineering products maker Robert Bosch is considering an acquisition of Whirlpool (WHR), Reuters reported Wednesday, citing people unfamiliar with the matter. The company has an estimated market capitalization of $4.8 billion. The sources told Reuters it remained unclear whether Bosch would make an offer for the firm. Whirlpool shares were...