Month: June 2022
Inside the battle to tame costly airline cancellations and delays
WARRENTON, Va. – During a morning meeting in early May, staff at the federal air traffic command center rattle off a few of the day’s obstacles: storms near the Florida coast and in Texas, a military aircraft exercise, and a report of a bird strike at Newark Liberty International Airport. The center, about an hour’s […]
Read More
What to know as S&P 500 enters bear market territory: ‘The bottom line is, it’s a tough time,’ says financial advisor
Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty Images There isn’t anything particularly special about the 20% demarcation line used to define a bear market. It’s more a symbolic psychological hurdle for investors. It often portends — but doesn’t […]
Read More
Natural gas plummets as Freeport delays facility restart following explosion
Smoke billows from the Freeport LNG plant in Quintana, Texas, U.S., June 8, 2022, in this still image obtained from a social media video on June 9, 2022. Maribel Hill | Reuters Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won’t be back up […]
Read More
These ETFs allow the regular investor to play offense during a bear market like a hedge fund
In rocky times for stocks, sometimes the best way to protect a portfolio is to bet against the market. This is how many high-profile hedge fund managers have made their names over the years — betting against the market, or certain sectors, at key times — giving their investors returns that help offset losses elsewhere […]
Read More
Ford issues stop-sale of electric Mustang Mach-E crossovers due to potential safety defect
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor is instructing dealers to temporarily stop selling electric Mustang Mach-E crossovers due to a potential safety defect that could cause the vehicles to become […]
Read More
Real estate firms Compass and Redfin announce layoffs as housing market slows
Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop. In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut. Shares of both companies fell Tuesday. Redfin’s stock touched a new 52-week low. Rising […]
Read More
WHO convenes experts to decide if monkeypox is an emergency
Pavlo Gonchar | Lightrocket | Getty Images The World Health Organization will convene an emergency committee of experts to determine if the expanding monkeypox outbreak that has mysteriously spread outside Africa should be considered a global health emergency. WHO Director-General Tedros Adhanom Ghebreyesus said Tuesday he decided to convene the emergency committee on June 23 because the […]
Read More
Apple continues push into live sports with Major League Soccer deal
Los Angeles FC forward Carlos Vela (10) celebrates his goal scored against Inter Miami CF with midfielder Latif Blessing (7) and forward Brian Rodriguez (17) during the first half at Banc Of California Stadium, March 1, 2020. Gary A. Vasquez-USA TODAY Sports | Reuters Apple on Tuesday announced a 10-year deal with Major League Soccer […]
Read More
Elon Musk says SpaceX will have Starship ‘ready to fly’ in July, amid FAA work
Starship prototypes are pictured at the SpaceX South Texas launch site in Brownsville, Texas, U.S., May 22, 2022. Picture taken May 22, 2022. Veronica Cardenas | Reuters SpaceX is closing in on the next major milestone in its Starship rocket development, as the company works to complete environmental impact requirements outlined this week by the […]
Read More
Starbucks union: Company threatens that unionizing could jeopardize gender-affirming health care
A protester waves a sign near the Country Club Plaza Starbucks store where dozens of Starbucks employees and union supporters protested alleged anti-union tactics by the company Thursday, March 3, 2022. Jill Toyoshiba | Tribune News Service | Getty Images Starbucks is telling its baristas that unionizing could jeopardize the gender-affirming health care coverage for […]
Read More