Bulletin Business Briefing (e-edition)

Published 5:56 pm Wednesday, April 10, 2024

U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a troubling trend. The S&P 500 lost 0.9% Wednesday. The Dow Jones Industrial Average gave back 1.1%, and the Nasdaq composite fell 0.8%.

Treasury yields also leaped in the bond market, raising the pressure on the stock market. The yield on the 10-year Treasury is back to where it was in November. Traders pulled back on bets for coming cuts to interest rates by the Federal Reserve following a third straight inflation report that came in hotter than expected.

There are lots of things college students and their parents should keep in mind before filing their taxes. While tax pros say it’s great for college students to start filing their own forms, parents and students should double-check everything carefully before anyone pushes the “submit” button.

College students also need to be careful that they understand whether or not their parents are claiming them as a dependent.

Parents should also look into what college and education tax credits are available.

Delta Air Lines has reported a small first-quarter profit and says travel demand is strong heading into summer.

The airline said Wednesday that it earned $37 million in the first quarter, compared with a loss a year ago. Delta is predicting better-than-expected earnings in the second quarter, too.

CEO Ed Bastian says if travelers are worried about a spate of problem flights and increased scrutiny of plane maker Boeing, he’s not seeing it. He says Delta’s best-ever 11 days for ticket sales occurred early this year.

But a TD Cowen airline analyst expects Delta to be one of only a few airlines to report a profit during the seasonally weak March quarter.

The United Nations climate chief says humanity has only two years left “to save the world” by making dramatic changes in the way it spews heat-trapping emissions. And he says it has even less time to act to get the finances behind such a massive shift.

In Wednesday’s speech, U.N. executive climate secretary Simon Stiell acknowledges he may sound melodramatic. But he says time is really ticking away.

Stiell cited governments of the world facing a 2025 deadline to submit new and stronger climate plans to curb carbon pollution, nearly half of the world’s populations voting in some kind of elections this year, and crucial global finance meetings later this month in Washington.

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