Wall Street investors punished Southwest for chopping its 2025 profit outlook by up to 65%, as the carrier’s executives implement changes driven by its activist investor.

TotalEnergies said Thursday its net profit plunged in the second quarter despite increased output as global oil and gas prices dropped.Despite the 29 percent year-on-year drop in net profit in the second quarter to $2.

Results reveal a mixed performance with increased total revenue but decreased comparable restaurant sales and operating margins.

Shares in Becle , the world's largest tequila producer, surged over 7% on Thursday after it reported a quadrupling in its second-quarter profit despite shrinking demand, and as executives indicated signs of recovery in the company's main markets.

Southwest Airlines Co. plunged after the carrier said it expects economic turmoil to wipe out as much as $1 billion of its annual pre-tax profit this year and offered shareholders a much-reduced outlook for the balance of 2025.