DIRS.INFO The most relevant business & tech news

☆ Biden Not Charged by Special Counsel for Mishandling Documents
▼ + stars: | 2024-02-08 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +5 min

Special Counsel Robert Hur said he opted against bringing criminal charges after a 15-month investigation because Biden cooperated and would likely be difficult to convict. Hur's conclusion ensures that Biden, unlike his expected 2024 presidential rival Donald Trump, will not risk prison time for mishandling sensitive government documents. Biden has also sought to draw a contrast with Trump on issues of personal ethics and national security. Trump has described the four criminal prosecutions he faces — including one for his handling of classified documents — as politically motivated. The White House said Biden's attorneys found a small number of classified documents and turned them over after discovery.

Persons: Andrew Goudsward WASHINGTON, Joe Biden, Robert Hur, Biden, Mr, Hur, Donald Trump, Trump, Alex Pfeiffer, Bob Bauer, Richard Sauber, Barack Obama, indicting, Andrew Goudsward, Jeff Mason, Alexandra Ulmer, Andy Sullivan, Scott Malone, Lisa Shumaker Organizations: Make, Department, Trump, FBI, Justice Department Locations: U.S, Afghanistan, Washington, Wilmington , Delaware, Florida, Lago

☆ Biden kept classified documents to prove he was right and Obama was wrong about Afghanistan, special counsel says
▼ + stars: | 2024-02-08 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Read previewSpecial Counsel Robert Hur concluded that part of the reason President Joe Biden kept classified information after leaving the vice presidency was to prove that President Barack Obama was wrong about surging US troops in Afghanistan in 2009. But he always believed history would prove him right," Hur wrote in his nearly 400-page report. Ultimately, President Obama sent 30,000 more troops that left the country by 2012. According to Hur, Biden kept "a classified handwritten memo he sent President Obama over the 2009 Thanksgiving holiday, and related marked classified documents." AdvertisementHur wrote in his report that Afghanistan documents are likely the strongest evidence against Biden.

Persons: —, Robert Hur, Joe Biden, Barack Obama, Obama, Hur, Richard Stauber, Bob Bauer, Biden, Bob Woodward Organizations: Service, Business, FBI Locations: Afghanistan, Biden's Delaware, Biden's

The special counsel report found that Biden willfully retained classified information, including top secret documents, and knew he was in possession of some documents as far back as 2017. House Oversight Committee Republicans, who have separately investigated Biden’s handling of classified documents, criticized Hur’s report before it was even released or delivered to Congress. “Most notably, after being given multiple chances to return classified documents and avoid prosecution, Mr. Trump allegedly did the opposite.” Hur wrote. “Among the places Mr. Biden’s lawyers found classified documents in the garage was a damaged, opened box containing numerous hanging folders, file folders, and binders,” the report said. The photos included in Trump’s charging documents showed how he allegedly stored classified documents in various places at his Mar-a-Lago estate, including a ballroom, bathroom shower and his bedroom.

Persons: Robert Hur’s, Joe Biden, Biden, Hur, ”, Donald Trump, Biden Hur, Biden’s, “, ” Hur, “ Mr, Tom Emmer, ” Emmer, X, Biden “, Hur’s, – Biden, Trump, Jack Smith, Smith, ’, Richard Sauber, Bob Bauer, Bauer, ” Bauer, CNN’s Hannah Rabinowitz, Evan Perez, Melanie Zanona, Annie Grayer Organizations: Washington CNN, flouting, Department, FBI, Trump, Republicans, GOP, Investigators, Biden, ”, Capitol, Judiciary, Department of Justice, Mar, White, National Archives, ” Sauber, flouted Locations: Biden’s Wilmington , Delaware, Afghanistan, Virginia, Delaware, Biden’s, Lago

Washington CNN —Special counsel Robert Hur released a searing report Thursday that concluded President Joe Biden willfully retained and disclosed classified military and national security information but recommended he not face charges after a yearlong investigation into his handling of classified documents. According to the report, Biden – during the 2023 interview – did not remember when his son Beau died nor the years he was vice president. US Department of JusticeDifferences between Trump and Biden classified documents investigationsThe report’s findings drew harsh criticism from Trump, who is preparing for a general election rematch with Biden in November. “Most notably, after being given multiple chances to return classified documents and avoid prosecution, Mr. Trump allegedly did the opposite,” Hur wrote. “We do not believe that the report’s treatment of President Biden’s memory is accurate or appropriate,” Sauber and Bauer wrote.

Persons: Robert Hur, Joe Biden, “, ” Hur, ”, Biden, Donald Trump, Trump, Hur, wouldn’t, he’s, Hur “, Biden –, –, Beau, Joe Biden's, US Department of Justice “ Mr, Biden “, seething Biden, I’ve, ” Biden, Biden’s, Jack Smith, Richard Sauber, Bob Bauer, Bauer, ” Bauer, Sauber, General Merrick Garland, Biden's, Investigators, Steve Ricchetti, Kathy Chung, CNN’s Betsy Klein, Nikki Carvajal, Samantha Waldenberg Organizations: Washington CNN, of Justice, Republican, US Department of Justice, House, Trump, FBI, US Department of, Republicans, White, Biden, National Archives, Department of Justice, flouted, ” Sauber, CNN, Congressional, Justice Department Locations: Joe Biden's Delaware, Israel, Biden’s Wilmington , Delaware, Afghanistan, Florida, Delaware, Washington , DC, Ukraine, Iran, United Kingdom, Biden's Delaware

☆ Biden says 'my memory is fine,' disputes special counsel's report in national address
▼ + stars: | 2024-02-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

"My memory has not gotten worse," Biden told reporters in a nationally televised address at the White House hours after Hur released his report. But moments later, Biden referred to Egypt's president as the "president of Mexico." "How in the hell dare he raise that," Biden said of Hur. The main legal takeaway from Hur's report was the special counsel's decision not to criminally charge Biden despite what Hur said was the president's willful retention of classified documents and disclosure of of some classified material to the ghostwriter of his 2017 memoir. Biden said, "I've seen the headlines since the report was released about my willful retention of documents.

Persons: Joe Biden, Robert Hur, Biden, Hur, Beau Biden, Beau, I've Organizations: Department of Justice, White Locations: Mexico

☆ Special counsel feeds frenzy over Biden’s age
▼ + stars: | 2024-02-08 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

An independent special counsel poured kerosene on concerns about Joe Biden’s age with pointed language about the president’s poor memory after concluding Biden had willfully mishandled classified documents – and that his failing memory makes him impossible to convict. ► He appears poised for a win at the Supreme Court. Feeding the frenzy about Biden’s ageIn concluding Biden should not be prosecuted, Special Counsel Robert Hur, a former Trump-appointed US Attorney in Maryland, offered a political indictment of the president’s fitness. Still, larger Trump-related questions loom for the Supreme Court, such as whether Trump enjoys absolute immunity from prosecution. Trump attorney Jonathan Mitchell speaks before the Supreme Court on February 8.

Persons: Donald Trump, Joe Biden’s, Biden, ” Biden, Trump, Nikki Haley’s, It’s, Robert Hur, Hur, Carolina Sen, Thom Tillis, “, ’, Beau, ”, Richard Sauber, Bob Bauer, Jamie Raskin, ” Raskin, CNN’s Wolf, General Merrick Garland, Biden’s, Lago, Hur’s, Barack Obama, Obama, –, Joe Biden's, Trump’s, Haley, Jonathan Mitchell, Bill Hennessy Trump’s Organizations: CNN, White House, Republican, Supreme, Trump, Oval, ”, Biden, Maryland Democrat, Democratic, House Democrats, National Archives, Mar, Department of Justice, Virgin Islands, South Locations: Nevada, Colorado, Maryland, Carolina, Virginia, Biden’s Delaware, Florida, Afghanistan, Joe Biden's Delaware, Virgin, South Carolina, Washington ,

☆ Joe Biden forgot when he was vice president and when his son Beau died, special counsel report says
▼ + stars: | 2024-02-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: 1 min

Perhaps the biggest takeaway from Special Counsel Robert Hur's report is that President Joe Biden is struggling with memory issues. Hur's report, while not recommending any criminal charges over Biden's handling of classified documents, included seemingly grave warnings about the president's mental acuity. During a portion dealing with classified documents pertaining to Afghanistan, the report noted that the 81-year-old president "would likely present himself to a jury, as he did during our interview of him, as a sympathetic, well-meaning, elderly man with a poor memory." This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Persons: Robert Hur's, Joe Biden Organizations: Business Locations: Afghanistan

WASHINGTON (AP) — The Justice Department special counsel investigating President Joe Biden's handling of classified documents has completed his inquiry and a report is expected to be made public soon, Attorney General Merrick Garland told lawmakers in a letter Wednesday. Garland did not detail the conclusions of the report from special counsel Robert Hur, but did say that he was committed to disclosing as much of it as possible once the White House completes a review of the document for potential executive privilege concerns.

Persons: Joe Biden's, General Merrick Garland, Garland, Robert Hur Organizations: WASHINGTON, Department, White

☆ No criminal charges expected in Biden classified documents probe: NBC
▼ + stars: | 2024-02-06 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden takes questions from reporters on classified documents as he delivers remarks on the economy and inflation in the Eisenhower Executive Office Building in Washington, D.C., on Jan. 12, 2023. Neither President Joe Biden nor anyone else is expected to be criminally charged in an investigation into how classified documents ended up in Biden's Delaware home and a private office, NBC News reported Tuesday. A senior law enforcement official told NBC that a report on that probe by Department of Justice special counsel Robert Hur will be made public in the coming days. By law, such documents should have been sent to the National Archives after Biden ceased being vice president in early 2017. The White House declined to comment when contacted by NBC News, as did a spokesman for the president's personal attorney Bob Bauer.

Persons: Joe Biden, Robert Hur, Hur, Biden, Bob Bauer, Donald Trump, Trump Organizations: Washington , D.C, NBC News, NBC, Department of Justice, D.C, National Archives, Lago, White, Republican, Democrat, CNBC PRO Locations: Washington ,, Biden's Delaware, Wilmington, Washington, Palm Beach , Florida, Florida

☆ Stocks sink after Fed Chair Powell pleads for patience on rate cuts
▼ + stars: | 2024-02-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks fell Monday morning after Federal Reserve Chair Jerome Powell said Sunday the central bank is not ready to cut interest rates yet. We just want some more confidence before we take that very important step of beginning to cut interest rates,” he said in a “60 Minutes” interview with CBS that aired late Sunday. Traders see a mere 15% expectation that the Fed will cut rates in March, compared to 46% a week ago. Elsewhere, McDonald’s shares fell 3.9% after the fast-food chain reported mixed earnings and said that turmoil in the Middle East is hurting its business. Boeing shares lost 1.2% after a new problem has been found during the production of 737 Max jets that will force Boeing to rework about 50 planes that have not yet been delivered.

Persons: Jerome Powell, ”, Dow, Powell, ’, McDonald’s, Estee Lauder Organizations: New, New York CNN, Sunday, CBS, Nasdaq, Treasury, Traders, Boeing Locations: New York, mull, pare

☆ Tech stocks fuel market surge as jobs report underscores economy’s resilience
▼ + stars: | 2024-02-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —US stocks rose on Friday as investors continued to parse strong tech earnings and a searing jobs report, leading shares of Nvidia, Meta Platforms and Microsoft to close at fresh highs. The S&P 500 gained 1.1% to reach a record-high close. Tech stocks were the winners of Friday’s session, following strong earnings reports from Meta Platforms and Amazon the prior evening. Amazon shares rose 7.9% after the e-commerce giant reported solid earnings for its latest quarter. Microsoft shares rose 1.8% to a fresh record-high close of $411.22.

Persons: market’s, Jerome Powell, ”, Louis Navellier, Russell, Janet Yellen Organizations: New, New York CNN, Nvidia, Meta, Microsoft, Dow, Nasdaq, Bureau of Labor Statistics, Fed, Navellier, Associates, Traders, Banking Committee, New York Community Bancorp Locations: New York

☆ These market signals suggest recession fears aren’t gone yet
▼ + stars: | 2024-02-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

The Dow Jones Transportation Average, which tracks 20 US transportation stocks from railroads to airlines to delivery, has fallen 1.6% so far this year, underperforming the broader Dow industrials’ 2.2% gain. As that optimism dims, some investors worry that the decline in transportation stocks suggests rough times ahead for the economy. The transportation index tends to fall when the economy deteriorates, as demand for travel and goods wanes. Turmoil in the airline industry also likely contributed to the recent slide in transportation stocks. But net profit fell 14% to €4.9 billion ($5.3 billion) as its tax bill rose.

Persons: CH, , ”, Mark Luschini, Janney Montgomery Scott, Russell, Howard Silverblatt, Dow, effusively, ”, Luschini, Jason Heller, “ I’m, Hanna Ziady, Sewing, Read, Tod Steward, He’s, It’s, Parija Kavilanz, Steward, Steward hasn’t, “, haven’t, that’s Organizations: CNN Business, Bell, New York CNN, Dow Jones Transportation, Dow, CH Robinson Worldwide, United Parcel Service, Avis Budget Group, Alaska Air Group, Federal Reserve, Alaska Airlines Boeing, Max, Apple, Microsoft, Meta, Dow Jones, Tesla, Coastal Wealth, Deutsche Bank, Super Bowl, CNN Locations: New York, Seattle

☆ Companies are hopeful about the economy again — even if they’re nervous
▼ + stars: | 2024-02-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Earnings season is in full swing, and that means investors get a chance to hear from multinational companies about the state of the global economy. Some of the United States’ biggest companies are in the hot seat to answer questions about the economy, and where it could be headed. Like the rest of the US, companies are watching whether the economy could still tip into a recession as interest rates hover around a 23-year high. Achieving a soft landing, or a situation in which inflation comes down without an economic downturn, looks likely, some companies said. According to the UK government’s own estimates, the checks — including physical inspections from April — will cost British businesses about £330 million ($419 million) annually and increase food inflation by about 0.2 percentage points over three years.

Persons: it’s, ”, Michael Hsu, Kimberly, Clark, Blackstone, Stephen Schwarzman, Christophe Le Caillec, Jim Vondruska, We’re, Robert Isom, Lorenzo Simonelli, Baker Hughes, Alan Schnitzer, Elisabeth Buchwald, “, Christopher Waller, Waller, Hanna Ziady, Read Organizations: CNN Business, Bell, New York CNN, United States ’, American, O'Hare Airport, Travelers Companies, ”, European Union Locations: New York, Chicago , Illinois, United Kingdom, Britain

☆ After Tesla’s dismal quarter, more of the Magnificent Seven face tests next week
▼ + stars: | 2024-01-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

That comes as the rest of the “Magnificent Seven” — Nvidia, Microsoft, Meta Platforms, Amazon, Apple and Alphabet — continue climbing higher. Excluding Tesla, the Magnificent Seven is projected to report an aggregate 53.7% fourth-quarter earnings growth from the prior year, according to FactSet. Companies in the S&P 500 index are expected to report a 10.5% earnings decline minus those six firms. The “Magnificent Seven” excluding Tesla has a combined market cap of roughly $12 trillion, according to Bespoke Investment Group data through Wednesday’s close. Her firm owns all of the Magnificent Seven stocks except for Tesla.

Persons: Tesla, Howard Silverblatt, Dow, “ You’re, ”, Saira Malik, Russell, “, Shelby McFaddin, Wall, Joe Mazzola, Charles Schwab Organizations: New, New York CNN — Tech, Nvidia, Microsoft, Meta, Amazon, Apple, Companies, Big Tech, Dow Jones, Investors, Federal Reserve, Dow, Tesla, Investment, Federal, — Locations: New York

☆ Premarket stocks: Regional banks could be on the rocks again
▼ + stars: | 2024-01-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —Stocks of small US lenders are still in the doldrums nearly a year after the regional banking crisis. The KBW Nasdaq Regional Banking index, which tracks the performance of regional lenders and thrifts, has fallen more than 2.4% this year compared to the benchmark S&P 500’s 2.6% gain. “This development is likely to … challenge the health of regional banks,” wrote José Torres, senior economist at Interactive Brokers, in a note on Thursday. Regional bank stocks struggled for much of 2023 after the collapses of Silicon Valley Bank and Signature Bank sparked a flight on deposits and sent shockwaves through the stock and bond markets. High interest rates threatened to put pressure on regional banks’ bond portfolios and squeeze their bottom lines, creating a good old-fashioned bank run.

Persons: Huntington, PNC Financial Service’s, ”, José Torres, Alex McGrath, “, McGrath, Samantha Murphy Kelly, David McQueen, ” Read, Bryan Mena Organizations: CNN Business, Bell, New York CNN, Nasdaq, PNC Financial Services, PNC, Comerica Inc, US Bancorp, Citizens, PNC Financial, Federal Reserve, Interactive Brokers, Valley Bank, Signature Bank, First, Bank, Microsoft, Apple, ABI Research, Gross, Commerce Department Locations: New York, China

☆ Premarket stocks: Crypto fans got what they wanted. So why is bitcoin falling?
▼ + stars: | 2024-01-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

So, why is the price of bitcoin falling, even after investors got what they wanted? Part of the reason is likely a “buy the rumor, sell the news” mentality, according to Antoni Trenchev, co-founder of crypto lender Nexo. Interestingly, bitcoin ETF activity actually shows net buying. Greyscale’s fund is the largest bitcoin ETF, holding roughly $20 billion in assets. ETFs hold just a small portion of the bitcoin that’s traded, says Eric Balchunas, senior ETF analyst at Bloomberg Intelligence.

Persons: cryptocurrencies, bitcoin, Antoni Trenchev, that’s, Eric Balchunas, ”, Bitcoin, FTX, “ We’re, Craig Erlam, vibing, Bryan Mena, Read, It’s, Janet Yellen, Matt Egan, Yellen, Biden Organizations: CNN Business, Bell, New York CNN —, US Securities and Exchange, SEC, Investors, Bloomberg Intelligence, CNN, Economic, of Chicago, Treasury Locations: New York, America, Chicago, Covid

☆ Dow closes above 38,000 for first time
▼ + stars: | 2024-01-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever. The S&P 500 gained 0.2% and the Nasdaq Composite added 0.3%. The S&P 500 also closed at an all-time high, reaching 4,850.43. The S&P 500 on Friday entered bull market territory, rallying more than 20% off its lows and hitting a new record. JetBlue shares gained 0.2%.

Persons: New York CNN — Stocks, Macy, Archer Organizations: New, New York CNN —, Dow, Nasdaq, Arkhouse Management, Brigade Capital Management, Spirit Airlines, JetBlue, Daniels, Midland Locations: New York

☆ Premarket stocks: January’s turnaround could be a good omen for the year
▼ + stars: | 2024-01-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

New York (CNN) — US stocks rallied powerfully last week after a topsy-turvy start to the month. History indicates that if the market can cling to those gains, that could bode well for the rest of the year. But last week, all three major indexes turned positive for the year as tech stocks led the broader market higher. The January barometer, introduced in the Stock Trader’s Almanac, states that however stocks perform during January, their year-end performance will follow suit. That is good news for the 85 million homeowning households that enjoyed further gains in housing wealth, said Lawrence Yun, chief economist at NAR.

Persons: turvy, bode, Bell, Anna Rathbun, we’re, it’s, we’ve, Bryan Mena, ” Joanne Hsu, Anna Bahney, Lawrence Yun, Read Organizations: CNN Business, Bell, CNN, Dow Jones, Nasdaq, CBIZ Investment Advisory Services, The University of Michigan’s, National Association of Realtors Locations: New York

☆ S&P 500 closes at record high for first time in two years
▼ + stars: | 2024-01-19 | by ( Nicole Goodkind | Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —The S&P 500 index closed Friday at a record high, fueled by surging tech stocks and bets that the Federal Reserve will cut interest rates this year. The benchmark index closed at 4,839.81, besting its previous high of 4,796.56, reached on January 3, 2022. Earlier in the trading session, the S&P 500 reached an intraday high of 4,832.17, topping its previous intraday high of 4,818.62, reached more than two years ago, on January 4, 2022. After a rocky start to the year, the S&P 500 has found its footing and is up about 1.5% in 2024. The blue-chip Dow Jones Industrial Average reached a record high close in December as investors cheered the Fed’s dovish tilt.

Persons: ’, Raphael Bostic, doesn’t, Christopher Waller, Austin Goolsbee, ” Goolsbee Organizations: New, New York CNN, Federal Reserve, Fed, Dow, Atlanta Fed, Chicago Fed, CNBC Locations: New York

☆ Premarket stocks: Buybacks could rebound this earnings season
▼ + stars: | 2024-01-19 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Stock buybacks struggled to recover last year after taking a hit in 2022, even as corporate earnings began to rebound. Investors view buybacks as an indication that a company’s leadership believes its own shares are undervalued and are confident about its future performance. Buybacks also tend to push up share prices due to the added demand. ONEOK, a natural gas company, on Wednesday unveiled a $2 billion share repurchase program. The week’s total for initial claims landed far below economists’ projections for 205,000 initial claims, according to FactSet estimates.

Persons: Stock buybacks, Buybacks, buybacks, “, ”, Howard Silverblatt, Dow, Sundar Pichai, Brian Fung, Pichai, ” Pichai, Read, —, Alicia Wallace Organizations: CNN Business, Bell, New York CNN, Deutsche Bank, Wednesday, Deutsche, Federal Deposit Insurance Corporation, Dow Jones, Google, CNN, of Labor Locations: New York, Lennar, buybacks

☆ Premarket stocks: Airline stocks are getting pummeled. Here are four reasons why
▼ + stars: | 2024-01-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s been a tough month for shares of airline companies. Here’s why investors are getting out of airline stocks. Boeing’s “can of worms”: Boeing’s problems began on Jan. 5, when the door plug on an Alaska Airlines Boeing 737 Max 9 detached mid-flight. Oil prices are volatile: Investors are also concerned about a possible spike in oil prices. United Airlines Holdings shares have declined 8% so far in January and American Airlines Group shares have fallen 6%.

Persons: New York CNN — It’s, Wells, “, Max, JetBlue’s, Patrick T, Fallon, Brent, Ed Bastian, Antony Blinken, CNN’s Jennifer Hansler, Bryan Mena, Read Organizations: CNN Business, Bell, New York CNN, NYSE, Alaska Airlines Boeing, Max, Boeing, Alaska Airlines, US Federal Aviation Administration, National Transportation Safety, FAA, ”, Spirit Airlines, JetBlue, Spirit, CNN . Spirit Airlines Airbus, JetBlue Airlines Airbus, Los Angeles International Airport, Getty, US Justice Department, Hawaiian Airlines, Hawaiian Holdings, US, . West Texas, Delta Air Lines, Delta, United Airlines Holdings, American Airlines Group, Blinken’s Boeing, Commerce Department Locations: New York, Washington, Boston, AFP, Iran, Yemen, Davos, Zurich, deplane

☆ Spirit Airlines shares plunge after judge blocks JetBlue merger
▼ + stars: | 2024-01-16 | by ( Krystal Hur | Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Spirit Airlines shares tanked 52% on Tuesday after a federal judge in Boston ruled against JetBlue’s proposed $3.8 billion acquisition of the discount airline. The Biden administration has argued since taking office there needs to be greater competition between businesses, especially in the airline industry, to lower costs for consumers. “If not blocked, the merger of JetBlue and Spirit would result in higher fares and fewer choices for tens of millions of travelers across the country. The Biden administration has taken a much more aggressive approach in fighting mergers and combinations, including in the airline industry. There is one other merger now being sought in the US airline industry, a proposed $1.9 billion deal to combine Alaska Airlines and Hawaiian Airlines.

Persons: JetBlue’s, ”, William Young, Biden, General Merrick Garland Organizations: New, New York CNN — Spirit Airlines, Defendant Airlines, JetBlue, CNN, US Justice Department, Spirit, The Justice, “ Companies, — American Airlines, United, Delta Air Lines, Southwest Airlines, Northeast, Alaska Airlines, Hawaiian Airlines, Hawaiian Holdings Locations: New York, Boston, American, Northeast United States

☆ Ukraine says it hit 2 prized Russian command aircraft in just one day
▼ + stars: | 2024-01-15 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Read previewUkraine said it hit two Russian command aircraft in a single day over the weekend. And opposition activists in Belarus said they destroyed a Russian A-50 in their country last February. AdvertisementNeither Ukraine nor Russia release figures for how many of their aircraft have been destroyed, and no fully verified figures exist. But Ukraine has destroyed multiple Russian aircraft in the conflict. Even so, Ukraine is warning that it needs to boost its air defense arsenal to stop Russian aircraft and the drones and missiles that have hit its towns and cities.

Persons: —, HUR, Jake Epstein, Wagner Organizations: Service, Kyiv Post, Ilyushin, Business, Forbes, UK Ministry of Defence, Ilyushin Il, Wagner Group Locations: Ukraine, Kyiv, Russian, Zaporizhzhia, Russia, Belarus

☆ The biggest risks US businesses face in 2024
▼ + stars: | 2024-01-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +11 min

But, while businesses have plenty to be grateful for and much to be optimistic about, the coast isn’t clear. Last week, surveys from the National Federation of Independent Business (NFIB) and The Conference Board detailed the biggest risks that businesses are currently worried about. Here are some of the biggest risks for American businesses in 2024. Those financial stresses can reduce the willingness of banks to lend to others businesses and also to consumers,” she said. Bank earnings look really bad this quarter.

Persons: there’s, “, John Maynard Keynes, ”, ” Dana Peterson, Bill Dunkelberg, ” Peterson, ” Suzanne Clark, We’re, Mike Johnson, Chuck Schumer, Fitch, Clark, JPMorgan Chase, Nicole Goodkind, Krystal Hur, FactSet, Martin Luther King Jr, Morgan Stanley, Goldman Sachs Organizations: CNN Business, Bell, DC CNN, Federal, National Federation of Independent Business, Board, US, of Commerce, of American, Conference Board, Conference, CNN, Fed, Corporate, US Chamber of Commerce, chamber’s State of American, AAA, Moody’s Investors Service, US Chamber, Commerce’s, Google, Citigroup, Bank, JPMorgan, FactSet, Revenue, Profit, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Bank of America, FDIC, Citi, China’s National Bureau of Statistics, Alcoa, National Statistics, US Commerce Department, US Labor Department, Federal Reserve, University of Michigan, National Association of Realtors Locations: Washington, Wells, Corporate America, chamber’s State, BlackRock, Amazon, Argentina, Japan

☆ Dividend stocks could see a revival in 2024
▼ + stars: | 2024-01-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Dividend stocks fell out of favor in 2023, even as all three major US indexes overcame regional banking turmoil, high interest rates and geopolitical tensions to notch double-digit returns. As interest rates rose to a 22-year high, investors favored bonds at attractive yields over riskier stocks offering smaller payouts. Some traders believe that dividend stocks could make a comeback this year. Larry Adam, chief investment officer at Raymond James, favors dividend stocks in sectors like tech and healthcare for their growth qualities, over traditionally defensive categories like utilities. His firm only invests in dividend stocks that have that growth component, he says.

Persons: ”, Morgan Stanley, Larry Adam, Raymond James, Adam, Elisabeth Buchwald, John Cochrane, Anna Bahney, Freddie Mac, who’ve, Sam Khater, Freddie Mac’s, Read Organizations: CNN Business, Bell, New York CNN, Mastercard, Companies, Hoover Institute, “ Locations: New York

Search resuls for: "hur"

25 mentions found