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Persons: French terry, Cotton Pant, Sally, Gabrielle, Sally Kaplan, Gabrielle Chase, Lennox, Bone, I'd, terry, jean, I've, Sally hems, you've, you'll Organizations: Business Locations: French, Miramar

☆ Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity
▼ + stars: | 2024-04-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and that it plans to furlough about 260 pilots as it tries to boost liquidity. Spirit said it will defer all Airbus planes it has on order that were scheduled to be delivered from the second quarter of 2025 through the end of 2026. The budget airline said the deferrals would boost its liquidity by about $340 million over the next two years. United Airlines pilots' union last month said the company is offering unpaid time off for pilots next month because of late-arriving planes from Boeing . The Air Line Pilots Association, Spirit pilots' union, said Monday it is exploring voluntary measures that could limit the number of pilot furloughs.

Persons: Ted Christie, Christie, Pratt, Spirit, Whitney, Ryan Muller Organizations: Spirit Airlines, Airbus, Pratt & Whitney, JetBlue Airways, Whitney, Association of, United Airlines, Boeing, Air Line Pilots Association, Spirit Locations: Miramar , Florida, City , New Jersey

☆ Inflation is 'still stubborn' in the market, says Miramar's Max Wasserman
▼ + stars: | 2024-04-02 | 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 EmailInflation is 'still stubborn' in the market, says Miramar's Max WassermanMax Wasserman, Miramar Capital senior portfolio manager, and Peter Boockvar, Bleakley Financial Group chief investment officer, join 'The Exchange' to discuss the timeline for Fed rate cuts, the outlook for equities, and more.

Persons: Miramar's Max Wasserman Max Wasserman, Peter Boockvar Organizations: Miramar Capital, Bleakley Financial Group

☆ Wall Street weighs in on what's wrong with Apple and whether the stock can make a comeback
▼ + stars: | 2024-03-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

But the tides have shifted in recent months as investors overlook the $2.6 trillion company for rosier AI opportunities. "Everybody's waiting for Apple to come along," said Max Wasserman, co-founder and senior portfolio manager at Miramar Capital. "Great cash flow, great balance sheet, but they're just not demonstrating that they're going to be the new leader in AI." Apple's AI story Last month, Apple pulled the plug on its decade-long autonomous vehicle project in what many on Wall Street viewed as a move to divert resources toward AI prospects. Another way Apple could satisfy the need for AI progress is through a merger or acquisition of a company with large-scale AI capabilities, Meeks said.

Persons: Max Wasserman, they're, Tim Cook, haven't, CFRA Research's Angelo Zino, Wasserman, That's, Paul Meeks, Miramar's Wasserman, Melius Research's Ben Reitzes, Rosenblatt's Barton Crockett, Meeks, hasn't, Michael Bloom Organizations: Apple, Miramar Capital, Nasdaq, Nvidia, Meta, Microsoft, Union, Huawei, Accounting, Portfolio Management, Apple's, Conference Locations: China

☆ Market 'overly optimistic' about rate cuts, says Miramar's Max Wasserman
▼ + stars: | 2024-02-13 | 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 EmailMarket 'overly optimistic' about rate cuts, says Miramar's Max WassermanMax Wasserman, Miramar Capital senior portfolio manager, and Bryce Doty, Sit Investment Associates senior portfolio manager, join 'The Exchange' to discuss the timeline for Fed rate cuts, how markets could react to rate uncertainty, and more.

Persons: Miramar's Max Wasserman Max Wasserman, Bryce Doty Organizations: Miramar Capital, Sit Investment

☆ Five Marines Died in Helicopter Crash in California, Military Says
▼ + stars: | 2024-02-08 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: 1 min

The Marine Corps confirmed on Thursday that five Marines had died in Tuesday’s helicopter crash east of San Diego. The announcement from the 3rd Marine Aircraft Wing came after a search and rescue operation located the helicopter on Wednesday in Pine Valley, about 44 miles east of San Diego. But the military did not confirm the deaths of the Marines on board until early Thursday. The Marines were flying from Creech Air Force Base in Nevada to Marine Corps Air Station Miramar in San Diego on a routine training flight when the aircraft was reported “overdue.”Search teams, including the San Diego County Sheriff’s Department and the Civil Air Patrol, combed the snowy and mountainous region on Wednesday until the helicopter, a CH-53E Super Stallion, which is used to carry heavy vehicles, cargo and personnel, was found.

Organizations: Marine Corps, 3rd Marine Aircraft, Marines, Creech Air Force Base, Marine Corps Air Station Miramar, San Diego County Sheriff’s Department, Civil Air Patrol, Stallion Locations: San Diego, Pine Valley, Nevada, San Diego County

☆ 5 Marines aboard helicopter that went down outside San Diego are confirmed dead, military says
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: +2 min

Five U.S. Marines aboard a helicopter that went down during stormy weather in the mountains outside of San Diego are confirmed dead, the military said Thursday. Authorities say the CH-53E Super Stallion vanished late Tuesday night while returning to Marine Corps Air Station Miramar in San Diego after training at Creech Air Force Base, northwest of Las Vegas. "It is with a heavy heart and profound sadness that I share the loss of five outstanding Marines from 3d Marine Aircraft Wing and the "Flying Tigers," Maj. Gen. Michael J. Borgschulte, commander of 3rd Marine Aircraft Wing, said in a statement. The craft was discovered Wednesday morning near the mountain community of Pine Valley, an hour's drive from San Diego. Civilian authorities searching on ground and by air located the aircraft, which went down during stormy weather in the Southern California mountains, about 45-miles (72-kilometers) from San Diego.

Persons: Maj, Michael J, Borgschulte, Borgshulte, Stephanie Leguizamon, Mike Cornette Organizations: Stallion, U.S, Marines, Authorities, Marine Corps Air Station Miramar, Creech Air Force Base, 3d Marine Aircraft Wing, Flying Tigers, 3rd Marine Aircraft, California Department of Forestry, Fire Protection, CBS, Cal Fire, Civilian Locations: Subic Bay Freeport Zone, Philippines, San Diego, Las Vegas, Pine Valley, Southern California

SAN DIEGO (AP) — The military said search-and-rescue efforts were continuing for five U.S. Marines after their helicopter went down during stormy weather in the Southern California mountains. Here’s what we know so far:WHAT HAPPENEDA CH-53E Super Stallion helicopter was returning from a training mission in Nevada when it disappeared Tuesday night. About 99 feet (30 meters) long, the Super Stallion can move troops and equipment from ships to shore, ferry supplies and launch amphibious assaults. Nicknamed the “hurricane maker” because of the downwash from its three engines, the Super Stallion has a 50-mile (80.5-kilometer) range. In 2005, a Super Stallion went down in a sandstorm in Iraq, killing 31 people on board.

Persons: Mike Cornette, Joe Biden, Karine Jean, Pierre, “, John Kirby, San Diego County’s, ___ Baldor, John Antczak Organizations: DIEGO, U.S, Marines, Stallion, Civilian, Creech Air Force Base, Marine Corps Air Station Miramar, California Department of Forestry, Fire Protection, CBS, Cal Fire, WHO, Heavy Helicopter Squadron, Marine Aircraft, 3rd Marine Aircraft Wing, Super Stallion, U.S . Navy, White, National Security, U.S . Forest Service, . Border Patrol, San Diego County Sheriff’s Department, Civil Air Patrol, San Diego, Cleveland National Forest, Super, U.S ., Marine Corps, Associated Press Locations: Southern California, Nevada, Pine Valley, San Diego, Las Vegas, California, New York City, San Diego County, Pine, San, Cleveland, Beirut, Somalia, Persian Gulf, Afghanistan, Iraq, Libya, Mogadishu, Miramar, El Centro, Mexico, Washington, Los Angeles

☆ Spirit Airlines narrows loss to $184 million, says it's on the path back to profitability
▼ + stars: | 2024-02-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Spirit Airlines ' fourth-quarter loss narrowed to nearly $184 million, but its CEO said the carrier is on a path back to profitability and that the domestic air travel market is improving. Spirit still expects to lose money in the first quarter, however, and said it expects revenue of between $1.25 billion and $1.28 billion, above analysts' forecasts. The carrier plans for 2024 capacity to be flat to up mid-single digits compared with last year, and up 1.5% in the first quarter, Spirit said. Spirit said it expects to have an average of 25 Airbus aircraft grounded this year because of the Pratt & Whitney engine issues. Spirit said expects to have 215 airplanes in its fleet by the end of the year.

Persons: Ted Christie, Spirit Organizations: Airlines, Pratt & Whitney, Airbus, JetBlue Airways, LSEG, Revenue, Company Locations: Miramar , Florida

☆ Search Underway for Missing Helicopter Carrying 5 Marines in California
▼ + stars: | 2024-02-07 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: 1 min

Search and rescue teams were combing the snowy forests and hills east of San Diego on Wednesday after a military helicopter with five Marines on board was reported missing, the authorities said. The San Diego County Sheriff’s Department was informed after 1 a.m. local time that the helicopter, which had been scheduled to land at Marine Corps Air Station Miramar in San Diego on Tuesday, had gone missing in the Pine Valley area, about 44 miles east of San Diego, Lt. Matthew Carpenter, a spokesman for the department, said. The department’s search and rescue units were on foot and in four-wheel-drive vehicles assisting the Marine and Civil Air Patrol teams specializing in mountain searches, he said. “The weather is so bad out there with snow and low cloud coverage that we could not get helicopters out there,” he said.

Persons: Matthew Carpenter, ” Organizations: Wednesday, San Diego County Sheriff’s, Marine Corps Air Station Miramar, Marine, Civil Air Patrol Locations: San Diego, San Diego County, Pine

SAN DIEGO (AP) — Crews were searching for a Marine Corps helicopter carrying five troops from Nevada to California that was reported overdue early Wednesday, officials said. The Marines were flying a CH-53E Super Stallion helicopter from Creech Air Force Base in Clark County, Nevada, to Marine Corps Air Station Miramar in San Diego, the Marine Corps said in a statement. The five U.S. Marines were assigned to Marine Heavy Helicopter Squadron 361, Marine Aircraft Group 16, 3rd Marine Aircraft Wing at Miramar. The 3rd Marine Aircraft Wing based at Miramar Air Station in San Diego is coordinating search and rescue efforts with the San Diego County Sheriff’s Department and the Civil Air Patrol, the Marine Corps said. It was unclear what time the helicopter took off from Nevada or why it was flying back in the storm.

Persons: — Crews, Matthew Carpenter Organizations: DIEGO, Marine Corps, Marines, Stallion, Creech Air Force Base, Marine Corps Air Station Miramar, U.S, Marine Heavy Helicopter Squadron, Marine Aircraft, 3rd Marine Aircraft, Miramar Air Station, San, San Diego County Sheriff’s Department, Civil Air Patrol, Sheriff’s, National Weather Service, Naval Air System Command Locations: Nevada, California, Clark County , Nevada, San Diego, Miramar, San Diego County, Pine Valley

☆ US military helicopter with 5 on board goes missing en route to San Diego, California
▼ + stars: | 2024-02-07 | by ( Haley Britzky | Andy Rose | ) edition.cnn.com time to read: +2 min

CNN —Rescue crews are searching for a military helicopter with five Marines onboard after it was “reported overdue” en route from a base near Las Vegas to one in San Diego, a US Marine Corps spokesperson said Wednesday. “The Marines were flying a CH-53E Super Stallion helicopter from Creech Air Force Base to Marine Corps Air Station Miramar on Feb. 6, 2024, when the aircraft was reported overdue,” Capt. Stephanie Leguizamon with the 3rd Marine Aircraft Wing said. “The 3rd Marine Aircraft Wing is coordinating search and rescue efforts with the San Diego County Sheriff’s Department and the Civil Air Patrol.”The Marines are assigned to Heavy Helicopter Squadron 361, Marine Aircraft Group 16, 3rd Marine Aircraft Wing, according to Leguizamon. Among those searching for the lost helicopter are California firefighters, Cal Fire San Diego spokesperson Mike Cornette told CNN.

Persons: “, Capt, Stephanie Leguizamon, Mike Cornette, Cornette, ” Cornette, Monica Garrett Organizations: CNN — Rescue, US Marine Corps, Marines, Stallion, Creech Air Force Base, Marine Corps Air, Miramar, 3rd Marine Aircraft Wing, 3rd Marine Aircraft, San, San Diego County Sheriff’s Department, Civil Air Patrol, Heavy Helicopter Squadron, Marine Aircraft, US Navy, Marine Corps Air Station Miramar, Cal Fire San, CNN, Cleveland National Locations: Las Vegas, San Diego, San Diego County, Pine Valley , California, California, Cal Fire San Diego, Lake Marina

☆ US Marine Helicopter With Five Aboard Goes Missing in California
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Rescue crews in California were searching for a U.S. Marine Corps helicopter with five crew members aboard that went missing overnight, military officials said on Wednesday, after days of torrential rains in Southern California. The CH-53E Super Stallion helicopter was reported overdue when it failed to reach the Marine Corps Air Station in Miramar, California, near San Diego, after departing Creech Air Force Base in Nevada about 40 miles (60 km) northwest of Las Vegas on Tuesday night, the Marine Corps said in a statement. The sheriff's helicopter was not able to reach the area due to rough weather, ABC reported. The sheriff's department said it also sent all-terrain vehicles to search the area. Firefighters also responded but crews were unable to locate the Marine helicopter, Cal Fire officials told ABC News.

Persons: Brendan O'Brien, Jonathan Oatis Organizations: Reuters, U.S . Marine Corps, Stallion, Marine Corps Air, Creech Air Force Base, Marine Corps, 3rd Marine Aircraft Wing, San, San Diego County Sheriff's Department, Civil Air Patrol, Marines, ABC News, ABC, Firefighters, Marine, Cal Fire Locations: California, Southern California, Miramar , California, San Diego, Nevada, Las Vegas, San Diego County, Chicago

☆ The US Marine Corps is looking for 5 Marines after their Super Stallion helicopter went missing
▼ + stars: | 2024-02-07 | by ( Jake Epstein | ) www.businessinsider.com time to read: +1 min

The US Marine Corps is searching for five Marines whose helicopter went missing on Tuesday. The CH-53E Super Stallion, which was flying from Nevada to California, was reported overdue. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US Marine Corps is searching for five Marines after their heavy-lift helicopter went missing while it was traveling from Nevada to California on Tuesday. The Marines were flying a CH-53E Super Stallion helicopter from Creech Air Force Base, just north of Las Vegas, to Marine Corps Air Station Miramar, near San Diego, but they didn't arrive when expected.

Persons: — Organizations: US Marine Corps, Marines, Stallion, Service, Marine Corps, Creech Air Force Base, Marine Corps Air Station Miramar, Business Locations: Nevada, California, Las Vegas, San Diego

BOSTON (AP) — JetBlue and Spirit Airlines will have to wait until June before a federal court hears their appeal of a ruling that blocked JetBlue’s proposed $3.8 billion purchase of the smaller rival. Circuit Court of Appeals in Boston is a month later than the airlines had hoped. They asked for an expedited hearing in May so the court could rule before a July 24 deal-closing deadline in their merger agreement. The appeals court ordered the airlines to file their pre-hearing briefs Feb. 26, with a response by the U.S. Justice Department due by April 11. The Justice Department sued to block the merger last year, saying it would reduce competition and drive up fares, especially for travelers who depend on low-fare Spirit.

Persons: JetBlue’s Organizations: BOSTON, JetBlue, Spirit Airlines, 1st U.S, Circuit, U.S . Justice, Justice, Boston Locations: Boston, York, Miramar , Florida

NEW YORK (AP) — JetBlue Airways warned that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend after a federal judge blocked the deal, sending Spirit shares sharply lower Friday. “Spirit believes there is no basis for terminating the Merger Agreement," Spirit wrote. Both JetBlue and Spirit have struggled financially and have been slower than some other airlines to recover from the pandemic. Since the start of 2020, JetBlue has lost $2.1 billion, and Spirit has lost $1.7 billion. Spirit tried to merge with Frontier Airlines, another low-cost carrier, in early 2022, but JetBlue won a bidding war to push Frontier aside.

Persons: JetBlue's, “, Spirit Organizations: — JetBlue Airways, Spirit Airlines, JetBlue, Justice Department, Justice, Spirit Airlines Inc, JetBlue Airways Corp, Spirit, Airbus, Pratt & Whitney, Frontier Airlines Locations: Miramar , Florida, New York, U.S, Delta, United

Jack Burke Jr., who was the oldest living Masters champion and staged the greatest comeback ever at Augusta National for one of his two majors, died Friday in Houston. Burke, a member of the World Golf Hall of Fame, also won the PGA Championship and was equally skilled as a teacher. He built the fabled Champions Golf Club in Houston and delivered lessons along with a dose of homespun wisdom. His passing was confirmed by Steve Timms, the CEO and president of the Houston Golf Association who spoke with Burke's wife, Robin. Burke was part of the original PGA Hall of Fame in Pinehurst and was among PGA champions not ushered into the new World Golf Hall of Fame when it opened in 1998 in Florida.

Persons: Jack Burke Jr, Burke, ”, Steve Timms, Burke's, Robin, Ken Venturi, Venturi, Ted Kroll, Burke’s, Jack Burke, “, I’m, ” Burke, Claude Harmon, Winged, Bing Crosby, Ben Hogan, Arnold Palmer, Harmon, Jack Grout, Johnny Revolta, Paul Runyan, ‘, ’ I’m Organizations: Augusta National, Hall of Fame, PGA, Golf Club, Houston Golf Association, Masters, Ryder, Great Britain, River Oaks Country Club, Marines, Miramar, USGA, Metropolis Country, Bing Crosby Pro, Champions, Oakland Hills, of Fame, Curtis, Women’s Locations: Houston, Fort Worth, San Diego, New Jersey, New York, Churchill, Europe, Texas, Pinehurst, Florida

A sale to JetBlue represented a lifeline for Spirit, which faces $1.1 billion in debt maturing next year. But a federal judge in Boston scuttled that plan by ruling Tuesday that JetBlue’s $3.8 billion proposal to buy Spirit violates antitrust law. But Frontier has its own challenges and is in no position to renew merger discussions with Spirit now, Baker said. Like Spirit, JetBlue has not had a profitable year since 2019, before the pandemic. Investors are also trying to gauge what the ruling against the JetBlue-Spirit deal means for Alaska Airlines' pending proposal to buy Hawaiian Airlines.

Persons: Airlines hasn’t, haven’t, William Young's, ”, Helane Becker, Cowen, “, Jamie Baker wasn’t, ” Baker, Baker, Judge Young, Young, Robin Hayes –, Biden, hasn't, Michael Linenberg Organizations: Airlines, JetBlue, Justice Department, Bank of America, Pratt & Whitney, Airbus, Frontier Airlines, –, Investors, Alaska Airlines, Hawaiian Airlines, Deutsche Bank, Spirit, American Airlines Locations: Boston, Miramar , Florida, Alaska

LOS ANGELES (AP) — Jon Batiste, the Grammy- and Oscar-winning musician and former bandleader for “The Late Show with Stephen Colbert” will embark on his first North American headlining tour in support of his latest album. The expansive “World Music Radio,” featuring his signature rich blend of R&B, hip-hop, swing, jazz and pop, was released earlier this summer. The “Uneasy Tour: Purifying the Airwaves for the People” will kick off Feb. 16 in Portland, Oregon, and take Batiste across the U.S. and Canada. “I’m into numbers, so: 20 theaters and 24 performances to bless the pivotal year 2024. It will hit theaters on Nov. 24 and Netflix on Nov. 29.

Persons: — Jon Batiste, “, Stephen Colbert ”, ”, he'll, Batiste, Presales, Suleika Jaouad Organizations: ANGELES, North, Associated Press, Netflix Locations: North American, Portland , Oregon, Canada, Miramar Beach , Florida, Seattle, San Francisco, Detroit, Philadelphia , New York, Atlanta

☆ $29 flights are back as airlines race to fill seats in the off-season
▼ + stars: | 2023-11-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Southwest Airlines , for example, last month offered one-way fares of $29 for flights early in the morning or at night, just one example of airline discounting for off-peak periods. Airlines have scheduled a record 259.8 million seats for domestic flights in the fourth quarter, up nearly 8% from last year, on 1.86 million flights, up 6% from 2022, according to aviation-data firm Cirium. United Airlines said it expects to fly 5.9 million passengers from Nov. 17 to Nov. 29, up 13% from last year and 5% more than 2019. That means they could increase their inventory of cheaper basic economy fares during weaker demand periods, or raise fares when demand is high for premium seats.

Persons: Luke Sharrett, Ryan Green, Scott Keyes, airfare, Bob Jordan, Jordan, Barry Biffle, we're, Hopper, that's, Biffle, Henry Harteveldt Organizations: Frontier, Spirit Airlines, Indianapolis International Airport, Bloomberg, Getty, Texas — Airlines, Southwest Airlines, Skift Aviation, Airlines, JetBlue Airways, Budget, JetBlue, Frontier Airlines, . Frontier Airlines, CNBC, Delta Air Lines, United Airlines, American Airlines, Southwest, Atmosphere Research Locations: Indianapolis , Indiana, Texas, Miramar , Florida, Orlando, Vegas

The Biden administration’s fight against consolidation in the airline industry will be tested Tuesday with lawyers for JetBlue Airways and the Justice Department squaring off in court. The administration is suing to block JetBlue’s proposed $3.8 billion acquisition of Spirit Airlines. The Justice Department is fresh off victory in a previous lawsuit that killed a partnership between JetBlue and American Airlines. If it swallows Spirit, JetBlue will leapfrog Alaska Airlines but still control less than 10% of the U.S. air-travel market. The Justice Department argues, however, that Spirit is the disruptive force that needs to be protected.

Persons: Biden, Obama Organizations: JetBlue Airways, Department, Spirit Airlines, JetBlue, Justice Department, American Airlines, U.S, Alaska Airlines, New, Big, Spirit, The, US Airways, JetBlue Airways Corp Locations: Boston, U.S, United, Delta, New York, Miramar , Florida, New York City, Fort Lauderdale , Florida, Continental

☆ Spirit Airlines suspends training for new pilots after difficult quarter, Pratt engine issue
▼ + stars: | 2023-10-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

"With these recent developments, however, we will also be suspending all new-hire training efforts starting in November, until further notice." The carrier said it expects 13 grounded planes in January, rising to 41 in December of next year. The airline had a fleet of 202 Airbus planes as of Sept. 30, according to a filing. The budget airline Spirit on Thursday posted a net loss of $157.6 million, which was more than four times its loss a year ago. "And, unfortunately, we have not seen the anticipated return to a normal demand and pricing environment for the peak holiday periods."

Persons: Greg Christopher, Christopher, RTX, Ted Christie Organizations: Airbus, CNBC, Pratt, Whitney Locations: Miramar , Florida

Spirit Airlines canceled about 100 flights on Friday after pulling some planes out of service for inspections, and the airline expects the disruptions to last several days. “We’ve cancelled a portion of our scheduled flights to perform a necessary inspection of a small section of 25 of our aircraft,” Spirit said in a statement. About half of the Spirit cancellations were at Florida’s Orlando International Airport, where Spirit is the second-largest carrier. Spirit, which is based in Miramar, Florida, has canceled more than 3,600 flights this year, or 1.5% of its schedule. That is lower than the 2% cancellation rate at Frontier Airlines, a similar budget carrier, and rates for JetBlue Airways and United Airlines.

Persons: “ We’ve Organizations: Spirit Airlines, Federal Aviation Administration, ”, FAA, European, Airbus, Florida’s Orlando International Airport, Frontier Airlines, JetBlue Airways, United Airlines Locations: U.S, Miramar , Florida

FORT LAUDERDALE, Fla. (AP) — Florida prosecutors have charged rapper YNW Melly with witness tampering ahead of his retrial on double murder charges even as his attorneys accused them of conspiring to hide evidence that the lead detective may have lied in a related investigation. Prosecutors charged Melly this week with making sure a key witness didn't testify at his first murder trial, which ended in July with a hung jury that voted 9-3 for conviction. Jury selection in the retrial of the 24-year-old rapper is set to start next week with opening statements anticipated in early November. Boutros said Moretti told Gorel that if anyone asked, “You need to say you were here when I served the search warrant.” She said Gorel didn't reply. She said Moretti told investigators he was joking — something she said wasn't true.

Persons: YNW, Prosecutors, James Benjamin, Daniel Aaronson, Harold Pryor “, Pryor, Kristine Bradley, John Murphy, Christopher “ YNW Juvy ” Thomas, Anthony “ YNW, ” Williams, Thomas, Williams, Bortlen ” Henry, ”, Benjamin, Aaronson, Bradley, Mark Moretti, Moretti, Michelle Boutros, Boutros, Melly's, Jamie King, King, Adam Gorel, Gorel, Moretti's Organizations: Prosecutors, Bloods, Associated Press, Broward, “ Young, Miramar Police Department, Miramar Police Locations: FORT LAUDERDALE, Fla, Florida, Broward County

☆ Analysis: US healthcare stocks roiled by investor tug of war over economy
▼ + stars: | 2023-09-05 | by ( David Randall | ) www.reuters.com time to read: +5 min

Many view healthcare as a defensive sector because it has constant demand and is somewhat insulated from the economy. In the latest week, investors pulled a net $1.4 billion from the sector, the biggest weekly outflow since May 2022. Overall, the healthcare sector - which ranges from health insurers like UnitedHealth to pharmaceutical companies like Pfizer to small biotechs - has received the third largest inflows of any sector year to date, BofA's data showed. This would weaken the case for loading up on healthcare stocks. Overall, healthcare sector earnings are expected to lag this year as COVID-related revenues decline 13% versus a 1.8% rise for the overall S&P 500.

Persons: Brendan McDermid, Bob Kalman, Emily Roland, Dan Lyons, Janus Henderson, you've, Lyons, Kalman, Joe Biden's, Margie Patel, Patel, David Randall, Ira Iosebashvili, Megan Davies, David Gregorio, Richard Chang Organizations: New York Stock Exchange, REUTERS, Atlanta Federal, BofA Global Research, Pfizer, Miramar Capital, Healthcare, John Hancock Investment Management, Janus Henderson Investors, U.S, Bristol Myers Squibb, Allspring Global Investments, Thomson Locations: New York City, U.S

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