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The budget airline has been rolling out more amenities to target customers willing to pay for premium travel.

Bond yields dropped sharply and Nasdaq futures climbed after a cooler-than-expected inflation report this morning. Futures for the S&P 500 and Nasdaq-100 index rose, while those tied to the Dow industrials edged lower.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

IBM stock was heading for its largest same-day plunge in nearly 40 years on Tuesday after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets. In a letter to shareholders, CEO Arvind Krishna explained that the shortfall was largely driven by the company’s infrastructure business. “What played out was worse than our expectations,” Krishna wrote.

Stock futures picked up steam after June inflation data cooled more than expected. Nasdaq futures were up 1.3%, while S&P 500 futures were up 0.3%. Dow futures were roughly flat as investors assess what the new economic data means for the Federal Reserve.

Tarbert also highlighted Circle's newly approved national trust charter, which allows the firm to manage USDC reserves under federal oversight.

Investing.com -- Citigroup reported second-quarter earnings and revenue ahead of Wall Street expectations on Tuesday, as robust trading activity and stronger investment banking fees drove a 45% jump in profit.

SLB said on Tuesday it has partnered with Liberty Energy to ‌supply modular parts and power to data ‌centers, as the oilfield services firms look to tap surging ​demand from the AI boom. Under the deal, SLB said it would design and supply modular and prefabricated components for data center projects, while ‌Liberty will provide ⁠natural gas-fired power generation. The deal reflects a broader push by oilfield ⁠contractors to supply power equipment, turbines and data solutions.

Industrial distributor Fastenal reported second-quarter earnings per share of 33 cents, in line with Wall Street estimates.

IBM reports earnings on July 22 and the setup heading into that date combines a dividend streak most tech stocks cannot touch with an AI angle Wall Street has barely started to price in.

The Swiss competition authority announced Tuesday it had opened a preliminary investigation into Google's removal of the "choice screen" feature on Android devices in Switzerland."Recently, Google removed this feature in Switzerland," the Secretariat of the Competition Commission (COMCO) said in a statement.

Citigroup’s profit in the second quarter rose 45% from a year ago to $5.8 billion, the bank said Tuesday. That amounted to $3.15 a share, topping the $2.74 that analysts expected. Revenue of $24.8 billion topped the $23.

UnitedHealth Group is due to post earnings Thursday morning, with the health insurance giant’s stock seen making a big move after the report.

FEATURE The artificial-intelligence trade appeared to be reignited Tuesday as investors digested a slew of bank earnings reports ahead of the consumer-price index inflation report for June. International Business Machines sank 23% after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets.

Investor focus is turning to Seagate Technology as the company prepares to report fourth-quarter results, with analysts expecting triple-digit earnings growth.

(Bloomberg) -- Shares of software and IT services companies plunged Tuesday after International Business Machines Corp. reported preliminary results that missed analyst expectations, reigniting questions over the sector’s prospects.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoO

Royal Caribbean Cruises is scheduled to report its second-quarter earnings by the end of this month, and analysts anticipate a low double-digit improvement in its profitability.

Bank of America and Wells Fargo both cited the strength of the U.S. economy as a key driver of their second-quarter results.

Apple's lawsuit against OpenAI shows how important AI devices will be for the iPhone maker.

(Bloomberg) -- Nearly 20 years on, JPMorgan Chase & Co. is still minting billions from its long-held stake in Visa Inc. Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleIn April, JPMorgan tendered 18.6 million share

Investing.com -- Goldman Sachs Group Inc. (NYSE:GS) reported second-quarter earnings on Tuesday, exceeding analyst expectations, driven by strong performance in its trading and investment banking businesses.

Big banks so far are reporting better-than-expected results for the second quarter: Citigroup: Profit rose 45%, with revenue up 14%. Goldman Sachs: Profit jumped 78%, and revenue surged 39%. JPMorgan: Profit soared 41%, with revenue up 28% (results were boosted by a big one-time gain on its Visa stake).

Merck & Co. is expected to announce its second-quarter earnings in August, and Wall Street forecasts a double-digit decline in its profits.

Citigroup said its profit rose 45% from a year earlier in the second quarter. Net income came in at $5.83 billion, a 45% increase from a year earlier. That amounted to $3.15 a share, above analyst estimates of $2.

A series of big bank results kicked off the second quarter earnings season on Tuesday.

Oil prices head north of $80 a barrel, Waller is watching inflation, Apple’s ties with Google likely to strengthen, and more news to start your day.

The story of the day looks like huge investment banking results across the biggest banks. JPMorgan Chase’s fees from investment banking, which includes advising companies and raising and selling debt and equity, rose 30%.

Bank trading desks are still booming – mostly thanks to stocks. Wall Street’s business of facilitating trades on behalf of clients has been fast-growing, and analysts were closely watching whether momentum would continue. Across the Street, fees from stock trades shot up, while fees related to bonds, commodities and other non-equity products also rose.

(Bloomberg) -- Citigroup Inc.’s stock traders notched a record revenue haul, leading a slew of the firms’ key business lines in surpassing Wall Street’s expectations.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With Apple

The bank's equities unit brought in $7.42 billion, its third consecutive all-time record, while investment banking fees climbed 55%