Fact checked by Peter Gratton d3sign/Getty Images Proposed legislation threatens to cap the potential rewards of credit card mileage programs. Swipe-fee charges—the 1.5%-to-3% “interchange” that merchants pay every time you swipe a rewards card—may feel invisible to travelers, yet they power a major profit engine in commercial aviation. U.S. banks hand over billions of dollars…
REV Group (NYSE:REVG) reported its fiscal 2025 second-quarter earnings on June 4, 2025, highlighting an 8% increase in consolidated mid-point revenue guidance and a 45% year-over-year hike in adjusted EBITDA guidance for fiscal 2025 driven by strong specialty vehicle operational gains. Management announced a $20 million plant expansion, a strategic portfolio exit, and raised capital…
Shares of Wolfspeed (NYSE: WOLF) are spiking on Wednesday. The chipmaker‘s stock was up 17.2% as of 2:21 p.m. ET, as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.2% and 0.4%, respectively. Wolfspeed’s stock is recovering somewhat today after losing nearly 60% this month. The stock may be getting a…
