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☆ Spirit Airlines gets rid of change and cancellation fees, joining Frontier
▼ + stars: | 2024-05-20 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Spirit Airlines is doing away with both change and cancellation fees, effective immediately, days after Frontier's similar announcement, part of an overhaul of the country's biggest discount carriers' longtime strategy. Ancillary revenue routinely surpasses those airlines' ticket prices. Most larger rivals such as Delta , American , Alaska and United got rid of change fees during the pandemic except for the cheapest, most restrictive tickets. Along with getting rid of change fees, Frontier also announced Friday that it will start offering bundles that include add-on options such as early boarding and checked baggage that they previously offered a la carte.

Persons: Matt Klein, Joe Biden, Biden Organizations: Spirit Airlines, Austin, Bergstrom International Airport, CNBC, Southwest Airlines, Frontier, Department of Transportation, Spirit Locations: Austin , Texas, Delta, Alaska, United

☆ JetBlue shares tumble 10% after airline lowers 2024 revenue outlook
▼ + stars: | 2024-04-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

JetBlue Airways shares tumbled more than 10% in premarket trading Tuesday after the airline lowered its 2024 revenue forecast, a setback as it tries to return to profitability. The carrier said second-quarter revenue would likely drop as much as 10.5% on the year, more than double the decline analysts polled by LSEG expected. JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. JetBlue earlier this year said it would defer $2.5 billion in aircraft spending until the end of the year. Revenue dropped 5.1% from last year to $2.21 billion, matching LSEG revenue expectations.

Persons: LSEG, Joanna Geraghty, Pratt Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue Airways, JetBlue, Spirit Airlines, Pratt & Whitney, Revenue Locations: Amsterdam, Netherlands, New York, Delta, America

☆ World's busiest airports show surge in international travel. Here are the rankings
▼ + stars: | 2024-04-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Dubai International Airport ranked as the second busiest in 2023, up from fifth place in 2022 and fourth place in 2019, according to Airports Council International's preliminary ranking, which was released on Monday. The resurgence of international travel has been a bright spot for airlines with big international networks, while ultra-low-cost, domestic-focused U.S. airlines have struggled in recent months. Domestic U.S. airports continued to post big gains in passenger counts, but some slipped in the rankings compared with the middle of the pandemic, when international travel restrictions limited long-haul trips abroad. Hartsfield-Jackson Atlanta International Airport, Delta Air Lines ' biggest hub, once again topped the list of the busiest airports, serving 104.7 million passengers, ACI said. Here are the 2023 rankings (with 2022 rankings in parentheses):

Organizations: British Airways Airbus, Heathrow Airport, Dubai International Airport, International Airport, Global, ACI, Domestic U.S, Airport, United Airlines, Hartsfield, Jackson Atlanta International Airport, Delta Air Lines Locations: London, Britain, Tokyo, Denver, United, ACI's

☆ Scientists are building tunnels under South Dakota for a $3 billion experiment that could solve some of the universe's grandest mysteries
▼ + stars: | 2024-02-29 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

Estimated to cost at least $3 billion, the project DUNE (Deep Underground Neutrino Experiment), is led by scientists at the US Department of Energy's Fermilab. AdvertisementCavern excavation at the Sanford Underground Research Facility in South Dakota began in 2017. The beam will then travel underground for 800 miles to the detectors at the South Dakota Sanford Underground Research Facility. The Sanford Underground Research Facility is located at a former gold mine. Stephen Kenny, Sanford Underground Research FacilityIn 1987, astronomers witnessed a bright supernova exploding closer than any had in about 400 years.

Persons: —, Mary Bishai, Reidar Hahn, Bishai, Matthew Kapust, Stephen Kenny, Maximilien Brice, Albert Einstein's, Jim Shultz, It's Organizations: Service, US Department of Energy's Fermilab, Sanford Underground Research, South Dakota Researchers, Fermilab, South Dakota Sanford Underground Research, CERN, Japan Proton Accelerator Research, PARC, European Organization for Nuclear Research, Scientific Locations: Illinois, South Dakota, Chicago , Illinois, Minnesota, Fermilab, South

☆ ETF Edge: India and Japan see big international investing inflows while investors flee China
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge: India and Japan see big international investing inflows while investors flee ChinaDave Mann, global head of product and capital markets at Franklin Templeton, joins CNBC's Bob Pisani on 'Halftime Report' to discuss the opportunity investors should keep an eye on overseas.

Persons: China Dave Mann, Franklin Templeton, Bob Pisani Organizations: Franklin Locations: India, Japan, China

☆ The 'Korea discount': Value stock or value trap?
▼ + stars: | 2023-11-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

A cameraman takes video footage of a stock index board showing South Korea's benchmark stock index (L) after a ceremony celebrating the New Year's opening of the South Korea stock market at the Korea Exchange in Seoul on January 2, 2023. Chaebol challengeIn South Korea, most market heavyweights are corporations called "chaebols," large family-owned global conglomerates that are usually controlled by the founder's family. However, IHS Markit highlighted in June last year that in South Korea, the ex-dividend date comes before the companies' dividend announcement dates. With such challenges, should investors be putting their money into South Korea stocks — or should they stay away? "If authorities continue to improve the investment environment further, the chances for the South Korean stock index to be included in the [MSCI World Index] will grow," he said.

Persons: Jung Yeon, JUNG YEON, Vikas Pershad, Jiang Zhang, Jeremy Tan, Zhang, Hebe Chen, Chen, Ryota Abe Organizations: South, Korea Exchange, Getty, Management, North, CNBC, Samsung Electronics, LG, SK, Hyundai, Samsung, Tiger Fund Management, IHS, South Korea's Financial Services Commission, IG International, Sumitomo Mitsui Banking Locations: South Korea, Korea, Seoul, North Korea, Korea's, Southeast Asia

The National Women's Soccer League is looking to add a 16th team, Commissioner Jessica Berman announced Friday. Gotham FC plays OL Reign for the league title on Saturday night. Political Cartoons View All 1240 ImagesBerman said ticket sales to NWSL games grew 36% this season and average attendance at games was up 26 percent. Last month, OL Reign attracted a record NWSL crowd of 34,130 to Lumen Field in Seattle for Megan Rapinoe's farewell match. The sale of both OL Reign and the Portland Thorns is progressing, with deals expected to be announced by the end of this year, Berman said.

Persons: Jessica Berman, “, ” Berman, Berman, Lumen, Megan Rapinoe's, we've, ___ Organizations: Women's Soccer League, Utah Royals, Bay FC, Gotham FC, ESPN, CBS Sports, Amazon Prime, Scripps Sports, San Diego Wave, CBS, Portland Locations: Northern California, Boston, U.S, Seattle

☆ She went on a bachelorette party abroad and met her future husband
▼ + stars: | 2023-10-08 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

CNN —The last place Madeline Robson expected to meet her future husband was her friend’s bachelorette party. But afterwards, she’d be more flexible, and as the December date approached, Madeline started considering what she might do next. “I think a product of that is that I never really felt super settled in Malmö in the first year,” she says. It’s really, really cool. “It’s really, really cool.”

Persons: Madeline Robson, “, ” Madeline, Madeline, –, ”, who’d, – they’d, absentmindedly, Sebastian Mamet, ” Sebastian, He’d, Sebastian, he’d, “ We’re, ’ ”, Madeline oscillated, you’ve, Sebastian doesn’t, She’d, she’d, Madeline didn’t, “ It’s, Fotograf Johanna Ellen, @fotografjohannaellen, Let’s, It’s, Madeline Robson Madeline, she’ll, he’s, she’s Organizations: CNN, CNN Travel, Copenhagen, Nordic Locations: Ontario, Canada, New Orleans, Bourbon, Sweden, Orleans, “, Madeline, Toronto, Niagara Falls, Niagara, Helsingborg, Copenhagen, Gothenburg, Prague, Denmark, Swedish, Malmö, ”, Madeline’s, Scandinavia

Tottenham Hotspur striker Son Heung-min secured the exemption after his Korean team won gold at the last Games in Jakarta in 2018. K-pop star Suga, songwriter and rapper for the boy band supergroup BTS, began the enlistment process for mandatory military service last month, making him the third BTS member to go off to perform the military duty. The military service law was amended several years ago to allow selected K-pop megastars to defer their service to aged 30, but not to avoid it entirely, with a large section of the population against giving stars like BTS special treatment. "We have players (in the current squad) who have been exempt from military service by winning gold medals in past editions of the games, but... we also several players who have not yet avoided military service. "But of course, because a gold medal gives one an exemption, and we have many who haven't done their service yet... we should perform at our best and get the gold."

Persons: Lee, Kelley L Cox, Son Heung, Kwon, Suga, Faker, Lee Sang, Baek, chul, Kim Woomin, I’m, ” Kim, Choo Il Seung, I'm, Heo Hoon, Martin Quin Pollard, Eduardo Baptista, Ian Ransom, Toby Davis Organizations: DRX, League of, Chase Center, USA, Rights, South, Hangzhou Asian Games, North, Asian Games, Tottenham Hotspur, Korean, BTS, League, China, Qatar, Thomson Locations: San Francisco , California, USA, Rights HANGZHOU, China, North Korea, South, Jakarta, Korea, Hangzhou, Qatar, Beijing

☆ Poland says it will bid to hold Olympics in 2036
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

Poland, which hosted the multi-sports European Games this summer in Krakow and Malopolska, has never hosted an Olympic Games, summer or winter. The International Olympic Committee has awarded the 2032 Games to Brisbane, while there are already several interested potential candidates for the 2036 Games. "From everything the EOC saw there, Poland is well qualified to host the Olympic Games too," Arat said. The IOC usually awards the summer Olympics at least seven years in advance. Paris will host next year's summer Games while Los Angeles will stage the 2028 Games.

Persons: Henryk Reyman, Sarah Meyssonnier, Andrzej Duda, Hasan Arat, Arat, Alan Charlish, Pawel, Karolos Grohmann, Sharon Singleton Organizations: European Games REUTERS, Rights, Olympic Games, Polish Olympic, Sport, Games, Olympic, European Olympic, European Games, Olympics, IOC, Thomson Locations: Krakow, Poland, Indonesia, Mexico, India, Malopolska, Zakopane, Brisbane, Turkey, Hungary, Gulf, Paris, Los Angeles

☆ Basta! Let Italians play Italians in movies, actor says
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

[1/4] The 80th Venice Film Festival - Photocall for the film "Comandante" in competition - Venice, Italy August 30, 2023. Director Edoardo De Angelis and cast members Johan Heldenbergh, Silvia D'Amico, Pierfrancesco Favino, Massimiliano Rossi pose. REUTERS/Yara Nardi Acquire Licensing RightsVENICE, Aug 30 (Reuters) - One of Italy's most famous actors, Pierfrancesco Favino, on Wednesday said Italian actors should be given a chance to play Italian roles in big international movies. Other Italian roles were taken by Lady Gaga, Jared Leto, Jeremy Irons, Salma Hayek and Al Pacino. "I wish Italian actors ... were more present in international movies where Italian characters are written," said Favino, who was promoting his new Italian-language film "Comandante," which opens the Venice Festival on Wednesday.

Persons: Edoardo De Angelis, Johan Heldenbergh, Silvia D'Amico, Pierfrancesco Favino, Massimiliano Rossi, Yara, Pierfrancesco, Ferrari, Adam Driver, carmaker Enzo Ferrari, Spain's Penelope Cruz, Driver, Maurizio Gucci, Ridley Scott's, Gucci, Lady Gaga, Jared Leto, Jeremy Irons, Salma Hayek, Al Pacino, Favino, Crispian Balmer, Mark Porter Organizations: REUTERS, Venice Film, Venice Festival, Thomson Locations: Venice, Italy, Ridley, Italian

☆ We converted an old trailer into a retro treehouse. It's super popular with our Airbnb guests — see inside.
▼ + stars: | 2023-08-25 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +5 min

When we first started our Airbnb business in 2015, we began by renting out bungalows and smaller spaces. We noticed treehouse Airbnbs were popular and they are timeless, too. AdvertisementAdvertisementSo, we thought if we were going to have an Airbnb business, we needed to do something a bit more unique and different. The weave basket ceiling in the Young Wild and Tree treehouse. We have really big international dreams and we look forward to growing our unique Airbnb business further.

Persons: Patrice Maxam, Darrel Maxam, Darrel, let's, We're, Alyshia Organizations: Service, Young, Atlanta, Alyshia Hull, ahull Locations: countires, Belize, Wall, Silicon, Atlanta Georgia, New York, Atlanta, Young, Africa

Despite these challenges, Walmart International has performed strongly under McKenna's leadership, under which it exited poorly performing operations in Japan, Britain, Argentina and Brazil. McKenna has led Walmart International since 2018, overseeing a multi-year transformation that resulted in the unit delivering more growth and stronger financial results across the board, Walmart CEO Doug McMillon wrote in a memo to employees. Sam's Club, a rival to Costco (COST.O), for years had been an underperforming business with muted sales growth. Sam's Club, a business unit with $84 billion of yearly revenue, has posted 12.7% average annual comparable sales growth since McKay took over the division, according to a Reuters calculation. Walmart also announced that Christopher Nicholas, currently chief operating officer of Walmart U.S., would replace McLay as CEO of Sam's Club.

Persons: Mario Anzuoni, Kathryn McLay, Judith McKenna, McKenna, Doug McMillon, Piper Sandler, McKay, she's, Edward Jones, Brian Yarbrough, Christopher Nicholas, Ananya Mariam Rajesh, Siddharth Cavale, Anil D'Silva, Sandra Maler, Jamie Freed Organizations: Walmart, REUTERS, Walmart Inc, Walmart International, Sam's, Woolworths, Sam's Club, Costco, Walmart U.S, McLay, Jan, Thomson Locations: Rosemead , California, U.S, China, Mexico, South Africa, Japan, Britain, Argentina, Brazil, India, Walmart's U.S, Walmart Mexico, Bengaluru, New York

☆ I bought a $62,200 house in Italy, where I'm planning to live most of the time. The home prices are so low, I bought a second house — and may buy more.
▼ + stars: | 2023-07-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

She bought another home with her brother to use as a rental and may buy another with her sister. I've gone to China, Amsterdam, Paris, and Germany, among other places, but Italy just felt like home. My primary house is in Mussomeli, and my brother and I bought a second house. Lorrah MintonAt the closing of my primary house, I paid a 10% deposit and the agency fee, which is generally 4% of the purchase price. Generally, the property taxes are between 300 and 600 euros annually, but because my house is ginormous, it's 946 euros.

Persons: Lorrah Minton, Minton, I've, it's, It's, I'm, they're Organizations: Service Locations: Italy, Sicily, Wall, Silicon, Mussomeli, American, China, Amsterdam, Paris, Germany, California

☆ I bought a $62,200 house in Italy that I'm planning to move into full-time. The home prices are so low I bought a second house — and may buy more.
▼ + stars: | 2023-07-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

She bought another home with her brother to use as a rental, and may buy another with her sister. I have my primary house in Mussomeli, and then together, my brother and I bought a second house. That's why we bought the second house, and my sister and I are looking at a third house right now. Lorrah MintonWhat needed to be paid at closing for my primary house was a 10% deposit and the agency fee, which is generally 4% of the purchase price. But if someone said you can get this 3,000-square-foot, six bedroom, two kitchen, beautiful house for 70,000 euros, I'd say, "Done."

Persons: Lorrah Minton, —, Minton, I've, it's, It's, there's, I'm, they're, someone's Organizations: Service Locations: Italy, Sicily, Mussomeli, American, China, Amsterdam, Paris, Germany, —, California

HOUSTON, March 6 (Reuters) - Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras and Chevron, to consider the decade's hottest oil region, people close to the matter said. Guyana also has begun direct negotiations on the 14 blocks and other areas with governments that have state-controlled oil companies. The proposed rules will nearly double the government's take from oil production to 27.5% of royalties and profit oil, plus a new 10% corporate tax, compared to Exxon's main contract. "We believe it is asymmetric now, and a bit in favor of the companies," Jagdeo said. The Exxon group can use 75% of the oil production to offset a variety of costs, including construction of its new Guyana headquarters.

☆ FTSE100 stocks have been shunned for years. Now investors love them
▼ + stars: | 2023-02-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

Both US indexes have recovered slightly following last year’s big falls, but one of the biggest drags on their performance — high interest rates — is likely to stick around. That’s because, when interest rates are low, the yields on government bonds are also low. That boosts investors’ appetite for riskier investments, such as the stocks of small or highly indebted tech companies that could make blockbuster returns years down the line. BP (BP) and Shell (SHLX), both FTSE companies, more than doubled their annual profits last year to a combined $68 billion. But the lack of tech companies may come back to haunt the FTSE, once inflation and interest rates fall back.

[1/2] U.S. Vice President Kamala Harris is welcomed at Munich's airport by Bavarian state premier Markus Soeder before heading to the venue of this year's Security Conference in Munich, Germany, February 16, 2023. German Chancellor Olaf Scholz, French President Emmanuel Macron and U.S. Vice President Kamala Harris are among many top officials attending the Munich Security Conference, a major annual global gathering focused on defence and diplomacy. As Russian troops massed on Ukraine's borders, Western leaders in Munich urged President Vladimir Putin not to invade and warned of dire consequences if he did so. Delegates will also discuss the far-reaching global impact of the war, on issues ranging from energy supply to food prices. This year, Russian leaders will be notable by their absence.

☆ Gautam Adani’s woes were in banks' plain sight
▼ + stars: | 2023-02-08 | by ( Una Galani | ) www.reuters.com time to read: +9 min

MUMBAI, Feb 8 (Reuters Breakingviews) - Gautam Adani’s recent woes have vindicated persistent doubts in India about the tycoon’s rise. The Indian group dismisses those claims as a “malicious combination of selective misinformation and stale, baseless and discredited allegations”. By contrast, other big Indian groups like Mukesh Ambani’s Reliance Industries (DBKGn.DE) and those carrying the Tata name are more popular with institutional investors. Fee-hungry international banks were much less picky. Deutsche, Barclays and StanChart pocketed $57 million of the $260 million of investment banking revenue generated by the Adani group since Dealogic records began.

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022. Shares of India's Adani Enterprises have plummeted over the past week, after the publication of an extensive critical report from U.S. short-seller Hindenburg Research. The ports-to-energy conglomerate, led by one of the world's richest men, Gautam Adani, has vehemently denied wrongdoing. The Adani Group firmly denies the accusations, calling them "nothing but a lie" from the "Madoffs of Manhattan" in a 413-page riposte that failed to soothe skittish investor sentiment and rein in a rapid sell-off. Adani owns 64% of Adani Enterprises — the Adani SB Family holds 55.27%, while 8.73% is with Adani Tradeline Pvt Ltd, where Gautam and brother Rajesh Adani are controlling directors.

☆ Exxon, Chevron Focus on Oil Projects in the Americas
▼ + stars: | 2023-01-03 | by ( Collin Eaton | ) www.wsj.com time to read: 1 min

The globe is shrinking for Exxon Mobil Corp. and Chevron Corp. as the two largest U.S. oil companies pull back on big international oil projects and concentrate on a handful of more lucrative assets closer to home. The two fossil-fuel giants plan to spend most of their annual budgets in the Americas this year, with Chevron saying it will pour 70% of the capital allocated for production into oil fields in the U.S., Argentina and Canada, and Exxon saying it will spend a similar portion of its budget in the Permian Basin of New Mexico and West Texas, Guyana, Brazil and liquefied natural-gas projects.

☆ A family who was headed to Tokyo to visit Disney and celebrate their son's 21st birthday is 'devastated' and out $7,000 after Southwest cancelled their flight
▼ + stars: | 2022-12-31 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

But after Southwest cancelled their flight from Tuscon to LAX, they missed their flight to Tokyo. They were going to visit Tokyo Disney and the Pokemon Cafe in Tokyo, take a train to Kyoto and go sightseeing at historic temples. But Tokyo Disney, which is not owned by The Walt Disney Company, generally does not issue refunds. Tokyo Disney, which is owned by The Oriental Land Company, could not immediately be reached for comment. The Walt Disney Company, which licenses intellectual property to Tokyo Disney, did not immediately respond to Insider's request for comment.

☆ The not-quite-redemption of South Africa's infamous ultra-marathon cheats
▼ + stars: | 2022-12-30 | by ( Ryan Brown | ) www.businessinsider.com time to read: +35 min

"A runner can always recognize another runner," Eugene tells me. Ryan Brown for insiderIn those days, they didn't run for South Africa, but for QwaQwa – one of ten "homelands" established for Black South Africans. Tiny, non-contiguous territories – supposedly, the original territory of different Black South African ethnic groups – dotted across the country. It didn't turn out like that, but it didn't turn out like that for most Black South Africans either. As I sat speaking to Sergio, South Africa's president, Cyril Ramaphosa, was fighting for his political life after revelations that wads of cash, potentially ill-gotten, had been stolen from inside his sofa.

☆ Save the Children, others suspend Afghanistan efforts after Taliban bar on female staff
▼ + stars: | 2022-12-25 | by ( ) www.reuters.com time to read: +3 min

The administration on Saturday ordered all local and foreign non-governmental organisations (NGOs) to send female staff home until further notice. The joint statement also highlighted the effect of the ban on female staff on thousands of jobs in the midst of an enormous economic crisis. Earlier, international aid agency AfghanAid said it was immediately suspending operations while it consulted with other organisations, and that other NGOs were taking similar actions. Chargé d'Affaires Karen Decker had posted on Twitter questioning how the Taliban planned to prevent hunger amongst women and children following the ban. She pointed out that the United States was the largest humanitarian aid donor to the country.

☆ Analysis: EU avoids sledgehammer to crack euro clearing nut - for now
▼ + stars: | 2022-12-07 | by ( Huw Jones | ) www.reuters.com time to read: +6 min

EU financial services chief Mairead McGuinness has likened ending the bloc's heavy reliance on London for clearing euro contracts to weaning the EU off Russian gas so that Brussels builds "open strategic autonomy" in capital markets to safeguard financial stability. This will help build a more efficient market that makes relocation of clearing from London attractive, McGuinness said. Industry officials note EU based clearing liquidity in this contract would effectively need to be built up from scratch, which could take time. These conditions would mean that in practice EU banks will still be clearing some derivatives in London after June 2025. Nevertheless, EU banks still face systems changes to report and track how much is being cleared, a cost that UK and U.S. banks won't face.

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