Stock Futures Slip After Major Indexes Have Worst Day Since October; Gold Sets Latest Record

United Airlines Made $3.4B in 2025 But Lost Money Flying Passengers

FROM 7 minutes ago

It does not appear likely that any of the four biggest U.S. airlines—Delta Air Lines (DAL), United Airlines (UAL), American Airlines (AAL), and Southwest Airlines (LUV)—will have made money actually transporting passengers last year.

United announced its fiscal fourth-quarter results after the bell Tuesday, and reported it made $3.4 billion in 2025 profit. However, it posted higher cost per available seat mile (CASM), 16.46 cents, than passenger revenue per available seat mile (PRASM), 16.18 cents.

Last week, Delta also registered higher CASM (19.31 cents) than PRASM (17.37). American and Southwest report Q4 figures next week, and both were significantly to the bad side of the ratio through the first three quarters. (The main reason airlines can turn a profit boils down to something in your pocket, not your luggage: credit cards.)

United’s Q4 profit and revenue topped analysts’ estimates, and shares are up 3% before the bell after it issued a rosy outlook.

“Strong revenue momentum has continued into 2026,” United said. “The week ending January 4th was the highest flown revenue week in United history, and the week ending January 11th was the highest ticketing week and the highest week for business sales in United history.”

Kraft Heinz Stock Drops as Berkshire May Sell Its 325M Shares

FROM 1 hr 5 min ago

Warren Buffett was “disappointed” Kraft Heinz (KHC) planned to split into two. His successor as Berkshire Hathaway CEO may exit the stock entirely.

Kraft Heinz shares dropped 5.5% in premarket trading Wednesday, a day after the food giant revealed in a regulatory filing that Berkshire Hathaway (BRK.B) may sell “up to an aggregate of 325,442,152 shares of the Company’s common stock.”

Berkshire had lowered the book value of its Kraft Heinz stake by about $3.8 billion after taxes in the second quarter, and owned 27.5% of the company’s outstanding common stock as of Sept. 30, 2025. Buffett, who stepped down as CEO of the conglomerate at the end of the year, told CNBC in early September that he was “disappointed” in Kraft Heinz’s planned split, and that Greg Abel, who took over as Berkshire Hathaway’s chief executive, expressed that to Kraft Heinz.

Shares of Kraft Heinz entered Wednesday down nearly 20% over the past year.

Treasury Yields Soared Yesterday. Why That Could Be a Big Problem

FROM 1 hr 51 min ago

The bond market, which has made President Donald Trump rethink policy before, is protesting again and sending borrowing costs higher.

The yield on the 10-year U.S. Treasury note—a key input into mortgage rates and business investment decisions—rose to its highest level in months on Tuesday. The jump followed Trump’s demand that the United States should be allowed to buy Greenland, risking a trade war with the European Union.

“Investors are concerned that the threat of a 200% tariff on French wine and champagne could be the beginning of a further escalation in the trade tensions that many had hoped to leave behind in 2025,” Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, wrote in a note to clients.

The 10-year yield jumped to 4.30% yesterday, its highest closing level since Aug. 21. Yields move in the opposite direction from bond prices. The 10-year yield ticked lower to below 4.29% early Wednesday.

Read the full article here.

–Polo Rocha

Stock Futures Point Higher After Major Indexes Have Worst Day Since October

FROM 2 hr 11 min ago

Futures contracts connected to the Dow Jones Industrial Average pointed up 0.1%.

S&P 500 futures were 0.2% higher.

Nasdaq 100 futures were up less than 0.1%.