
City Holding: Q2 Earnings Snapshot
The Charleston, West Virginia-based bank said it had earnings of $2.29 per share.
The bank holding company for City National Bank of West Virginia posted revenue of $99.5 million in the period. Its revenue net of interest expense was $78.2 million, beating Street forecasts.

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The Hill
14 minutes ago
- The Hill
Trump demands official overseeing jobs data be fired after dismal employment report
WASHINGTON (AP) — President Donald Trump on Friday called for the firing of the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump in a post on his social media platform alleged that the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former President Joe Biden, should be fired. 'I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY,' Trump said on Truth Social. 'She will be replaced with someone much more competent and qualified.' Friday's jobs report showed that just 73,000 jobs were added last month and that 258,000 fewer jobs were created in May and June than previously estimated. McEntarfer was nominated by Biden in 2023 and became the Commissioner of the Bureau of Labor Statistics in January 2024. Commissioners typically serve four-year terms but since they are political appointees can be fired. The commissioner is the only political appointee of the agency, which has hundreds of career civil servants. Trump focused much of his ire on the revisions the agency made to previous hiring data. Job gains in May were revised down to just 19,000 from 125,000, and in June they were cut to 14,000 from 147,000. In July, only 73,000 positions were added. The unemployment rate ticked up to a still-low 4.2% from 4.1%. 'No one can be that wrong? We need accurate Jobs Numbers,' Trump wrote. 'She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes.' The monthly employment report is one of the most closely-watched pieces of government economic data and can cause sharp swings in financial markets. The disappointing figure sent U.S. market indexes about 1.5% lower Friday. While the jobs numbers are often the subject of political spin, economists and Wall Street investors — with millions of dollars at stake — have always accepted U.S. government economic data as free from political manipulation.


New York Post
14 minutes ago
- New York Post
Delta Air Lines tries to calm fury over ticket prices, telling lawmakers it won't use AI
Delta Air Lines said Friday it will not use artificial intelligence to set personalized ticket prices for passengers after facing sharp criticism from lawmakers. Last week, Democratic Senators Ruben Gallego, Mark Warner and Richard Blumenthal said they believed the Atlanta-based airline would use AI to set individual prices, which would 'likely mean fare price increases up to each individual consumer's personal 'pain point.'' Delta has said it plans to deploy AI-based revenue management technology across 20% of its domestic network by the end of 2025 in partnership with Fetcherr, an AI pricing company. Delta has said it plans to deploy AI-based revenue management technology across 20% of its domestic network by the end of 2025. AFP via Getty Images 'There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on personal data,' Delta told the senators in a letter on Friday, seen by Reuters. 'Our ticket pricing never takes into account personal data.' The senators cited a comment in December by Delta President Glen Hauenstein that the carrier's AI price-setting technology is capable of setting fares based on a prediction of 'the amount people are willing to pay for the premium products related to the base fares.' Last week, American Airlines CEO Robert Isom said using AI to set ticket prices could hurt consumer trust. 'This is not about bait and switch. This is not about tricking,' Isom said on an earnings call, adding 'talk about using AI in that way, I don't think it's appropriate. And certainly from American, it's not something we will do.' Delta said airlines have used dynamic pricing for more than three decades, in which pricing fluctuates based on a variety of factors like overall customer demand, fuel prices and competition but not a specific consumer's personal information. 'There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on personal data,' Delta told the senators in a letter. AFP via Getty Images 'Given the tens of millions of fares and hundreds of thousands of routes for sale at any given time, the use of new technology like AI promises to streamline the process by which we analyze existing data and the speed and scale at which we can respond to changing market dynamics,' Delta's letter said. It added that AI can 'assist our analysts with pricing by reducing manual processes, accelerating analysis and improving time to market for pricing adjustments.'


UPI
15 minutes ago
- UPI
Palantir gets $10B Army contract to improve readiness with AI
1 of 2 | Defense officials on Friday announced that the Army will consolidate 15 prime contracts and 60 related contracts into one enterprise agreement with Denver-based software firm Palantir. File Photo by Ken Cedeno/UPI | License Photo Aug. 1 (UPI) -- Denver-based software firm Palantir Technologies secured a 10-year contract worth up to $10 billion to improve the U.S. Army's military readiness and efficiency with artificial intelligence. Palantir specializes in developing software that enables the use of AI to make real-time decisions, such as those that the U.S. Army could face in the future. The contract supports the Army's sustained capability growth and enhances its ability to meet operational warfighting needs with proven [and] commercially available AI technologies, it said in an online announcement on Thursday. "This enterprise agreement represents a pivotal step in the Army's commitment to modernizing our capabilities while being fiscally responsible," Army Chief Information Officer Leo Garciga said. The enterprise agreement with Palantir will help the Army to save money while improving its operational efficiency and military readiness through a "comprehensive framework for the Army's future software and data needs," according to the announcement. "By streamlining our procurement processes and leveraging enterprise-level discounts, we are not only enhancing our operational effectiveness but also maximizing our buying power," Garciga added. The Army will consolidate 15 prime contracts and 60 related contracts into one enterprise agreement with Palantir, which accelerates the delivery of proven commercial software to the Army's military units. "This streamlined approach reduces procurement timelines, ensuring soldiers have rapid access to cutting-edge data integration, analytics and AI tools," according to the Army. The contract also saves money by eliminating contract and pass-through fees, while reducing procurement timelines. The contract enables the Army and other Defense Department to pay up to $10 billion over 10 years to obtain Palantir products, but it does not require the military to spend the full $10 billion. Palantir earlier this year provided the Army with two AI-powered systems as part of a $178 million contract, according to a CNBC news report. The Defense Department in May also increased to $795 million an existing contract with Maven Smart Systems to improve the military's AI capabilities.