Breaking News: Business
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Boeing delivers 35 planes in May as it grapples with supply chain problems
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, June 29, 2020. Karen Ducey | Reuters Boeing said Tuesday it delivered 35 planes in May, on par with the previous month as it grappled with supply chain issues affecting its bestselling 737 Max jetliner. The manufacturer booked gross […]
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U.S. airline bookings slipped again in May with fares 30% higher than 2019
Travelers walk through Terminal A at Orlando International Airport on Christmas Day, Saturday, December 25, 2021. Stephen M. Dowell | Orlando Sentinel | Getty Images U.S. airline bookings slipped 2.3% in May from a month earlier, the second consecutive monthly drop this year, while fares soared over 2019 levels, according to an Adobe report published […]
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Spirit Airlines says it will decide on competing JetBlue, Frontier bids before the end of June
A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines said Tuesday that its board will decide on competing offers from JetBlue Airways and Frontier Airlines before a shareholder meeting at the end of the month as […]
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Novogratz says crypto going through a ‘Long Term Capital Management moment’ but nearing a bottom
Michael Novogratz Anjali Sundaram | CNBC Crypto investor Michael Novogratz is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s. “We are going through what feels to me a little bit like a Long Term Capital Management moment in crypto,” Novogratz said on CNBC’s […]
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GM’s stock closes below IPO price for first time since October 2020
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – Shares of General Motors on Monday closed below the post-bankrupt automaker’s $33 initial public offering price for the first […]
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