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New graduates in Austin, Atlanta, and Houston earn the highest cost-of-living-adjusted starting salaries, per Gusto. New York City attracts the largest share of new grad hires despite offering a smaller adjusted salary. AdvertisementRecent college graduates are flocking to New York City for their first jobs, but their degrees may go the furthest in Texas or Georgia. New data from small business payment platform Gusto reveals new grads in Austin, Atlanta, and Houston have the highest cost-of-living-adjusted starting salaries when factoring in housing and other expenses. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Houston, New, Service, Business Locations: Austin , Atlanta, New York City, Texas, Georgia, Houston, Austin
College students are increasingly targeted by job recruitment scammers, the FTC warned. Scammers use fake listings and pose as recruiters to steal money and identities. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But they can also target a college student's identity or bank information. AdvertisementThe Wall Street Journal recently interviewed students who had encountered scammers during their job hunts.
Persons: , scammers, Murray Organizations: FTC, Service, Street, Microsoft, Murray Resources Locations: Houston
Negotiations between Comcast and Bally Sports' operator Diamond Sports Group, which has been under bankruptcy protection since last year, broke down following a dispute over terms. Pay-TV distributors have been losing customers at a fast clip in recent years as customers opt for cheaper streaming options. Comcast had more than 13.6 million pay-TV customers as of March 31, after losing 487,000 subscribers during the first quarter. Some regional sports networks have begun offering streaming options to customers at a price point that doesn't upend the pay-TV model. In addition to Comcast, Diamond has held negotiations in recent weeks with Charter Communications — which provides pay-TV services under the Spectrum brand — DirecTV and Cox Communications.
Persons: Diamond, Cox Organizations: Bally, Houston Astros, Minnesota Twins, Target, The Astros, Twins, Comcast, Bally Sports, Diamond Sports Group, MLB, Detroit Tigers, NBA, NHL, Diamond, Comcast ., Communications, DirecTV, Cox Communications, Charter, Google, Disney, San Diego Padres, Phoenix Suns, CNBC Locations: Minneapolis , Minnesota, NBCUniversal
Super Micro Computer — The server vendor dropped 15% after missing revenue expectations for its fiscal third quarter. However, Super Micro beat analysts' expectations for its adjusted earnings and hiked its revenue guidance for its fiscal 2024 year. Starbucks posted adjusted earnings of 68 cents per share on revenue of $8.56 billion. Pfizer now expects adjusted earnings of $2.15 to $2.35 per share for the full year, higher than its previous forecast of $2.05 to $2.25 per share. Yum Brands — The fast-food giant lost nearly 4% after it reported quarterly adjusted earnings and revenue that missed analysts' expectations.
Persons: Joseph Otting, , Cowen, Skyworks, SiriusXM, Goldman Sachs, Powell, Estée Lauder —, Estée Lauder, Kraft Heinz, Pinterest's, Alex Harring, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox Organizations: New York Community Bank, Super Micro, Starbucks, Pfizer, Apple, Amazon Web Services, CVS, Powell Industries, Wall, LSEG, Brands, KFC, Pizza, Taco, JPMorgan Locations: Houston, Taco Bell's
Pfizer — Shares climbed more than 2% after New York City-based Pfizer beat Wall Street's first-quarter revenue forecast and raised its full-year profit guidance. CVS expects adjusted earnings of at least $7 per share for 2024, down from previous guidance of $8.30 per share. Analysts were expecting $8.28 per share, according to LSEG. A second-quarter revenue forecast also surpassed expectations, with Pinterest forecasting sales of $830 million to $850 million vs an LSEG consensus estimate of $827 million. Fiscal third-quarter revenue of $3.85 billion missed the Street's consensus estimate of $3.95 billion, according to LSEG.
Persons: Wall, Marriott, Estée Lauder, Estee Lauder, LSEG –, Kraft Heinz —, Powell, Macheel, Alex Harring, Sarah Min, Michelle Fox Organizations: Pfizer —, New, Pfizer, CVS, Marriott, LSEG, Starbucks, AMD —, AMD, Yum, KFC, Taco Bell, Powell Industries Locations: New York City, LSEG, Houston
Read previewElon Musk, at an exclusive April dinner, commiserated with a group of billionaires about their distrust in Democratic politicians like Joe Biden, according to a new report by Puck. The outlet reported that Musk and venture capitalist David Sacks hosted the private event at Sacks' $23 million estate in the Hollywood Hills. This story is available exclusively to Business Insider subscribers. Related storiesRepresentatives for Musk, Sacks, and other dinner attendees identified by Puck did not immediately respond to requests for comment from Business Insider. "In the past I voted Democrat, because they were (mostly) the kindness party," Musk wrote in a tweet in May 2022.
Persons: , Elon, Joe Biden, Puck, David Sacks, Sacks, Peter Thiel, Travis Kalanick, Steven Mnuchin, Donald Trump, Biden, Musk, Michael Milken, Milken's, Milken, Trump, OpenSecrets, Don Lemon, Lemon Organizations: Service, Hollywood, Business, Democratic, Biden, Houston Chronicle, SpaceX hasn't, Trump, National Republican Congressional Committee, Democratic Party, Republican, The New York Times, CNN Locations: Palm Beach , Florida
I lived with my mom and my grandparents in a three bedroom house. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I had 3 parentsMy mom was a single mother, but I had three parents: her and my grandparents. Related storiesParenting dynamics were always a gentle dance to navigate, but they all took great care of me. My mom gave up a lot to have meMainly, I thought about what my mom wanted.
Persons: , She'd, she'd, grandpa, she's Organizations: Service Locations: Houston, New York, Laredo
Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts' expectations for first-quarter adjusted earnings. PayPal — Shares gained 3.6% after the payment company posted $7.70 billion in first-quarter revenue, beating analysts' estimates for $7.51 billion, according to LSEG. The chipmaker posted adjusted earnings of $3.24 per share, higher than the consensus estimate of $3.16 per share, according to LSEG. Earnings of 24 cents per share on $1.37 billion in revenue exceeded consensus forecasts of 11 cents and $1.36 billion, according to FactSet. Adjusted earnings of 71 cents per share topped anticipated earnings of 65 cents per share.
Persons: Eli Lilly —, Eli Lilly, drugmaker, Jefferies, Tesla, Goldman Sachs, Tenet, Corning, FactSet, Sysco, Medifast, Paccar, Bob Bakish, Skydance, Needham, Macheel, Michelle Fox, Yun Li, Lisa Kailai Han, Pia Singh, Sarah Min Organizations: PayPal —, PayPal, Semiconductor, Tenet, FactSet, Technology, GE Healthcare Technologies, LSEG, Taco Bell, KFC, Paramount Global, CBS, Paramount Locations: Indianapolis, China, LSEG, FactSet, Houston
College Democrats of America, the student organization of the Democratic Party, endorsed pro-Palestinian campus protests on Tuesday and called on President Biden to support a permanent cease-fire in Gaza. Overnight from Monday into Tuesday, protesters at Columbia took over a building on campus. “As College Democrats, we are committed to the re-election of President Biden and Democrats across down-ballot races in every corner of our nation,” the statement said. “We’re realizing that our duty as College Democrats is to be representatives of college students to the party, rather than vice versa,” Mr. Muralitharan said. And throughout the nation, we’re witnessing Joe Biden, Democrats across the ballot, losing scores of young voters over this issue.”The statement was written largely by the organization’s Muslim Caucus.
Persons: Biden, , “ MAGA, , Mr, , Netanyahu, Sunjay Muralitharan, ” Mr, Muralitharan, Joe Biden, Hasan Pyarali, Biden’s, Pyarali, Donald J, Trump, won’t, Joshua Martin, you’re, we’re, Martin, Indiana University —, Organizations: Democrats of America, Democratic Party, College Democrats, Columbia University, Students, Columbia, Protesters, Portland State University and California State Polytechnic University, Humboldt, “ MAGA Republicans, Jewish, , Democratic National Committee, University of California, Muslim Caucus, Wake Forest University, Mr, College Democrats ’, University of Houston, Hamas, College Democrats of, Yale, New York University, Indiana University Locations: Gaza, United States, Israel, San Diego, Palestine, Biden’s Israel, College Democrats of America
A major Pennsylvania hospital shut down its liver transplant program last week, becoming the second medical center this month to take such an unusual step. The hospital, the Penn State Health Milton S. Hershey Medical Center, said Monday that it had closed the program and submitted to a review from federal officials. “The decision to inactivate comes after concerns about clinical processes and documentation were identified,” the hospital said in a statement. Hospital officials would not comment about those accusations. The Hershey closure comes just weeks after Memorial Hermann-Texas Medical Center in Houston suspended its liver and kidney transplant programs.
Persons: Penn State Health Milton, inactivate, Hershey Organizations: Penn State Health, Hershey Medical Center, New York Times, Hermann, Texas Medical Center, Times Locations: Pennsylvania, Houston
CNN —Tank Dell, a wide receiver for the NFL’s Houston Texans, was injured Sunday during a shooting in Sanford, Florida, the team has confirmed. Dell, 24, is in good spirits after he sustained minor injuries from the shooting, the team said in a statement posted on X, formerly known as Twitter. At least 10 people were injured in the shooting and were taken to the hospital. Dell is from Daytona Beach, Florida, according to the NFL. Daytona Beach is about 40 miles from Sanford.
Persons: Dell Organizations: CNN, NFL’s Houston Texans, Twitter, WESH, Police, Daytona, NFL Locations: Sanford , Florida, Sanford, Seminole, Daytona Beach , Florida
Avelo Airlines continues to expand its fleet and routes, adding 10 new destinations on May 1. As Avelo strives for its third profitable quarter, the CEO says the airline is focused on itself. AdvertisementWhen low-cost newcomer Avelo Airlines launched its first flight three years ago, it had just three Boeing 737 Next-Generation jetliners and served 11 West Coast destinations. Business Insider spoke to Avelo CEO Andrew Levy about what makes the growing airline different from other low-costs and what customers can expect on board its planes. Avelo Airlines' route map.
Persons: Avelo, , Andrew Levy, Jim Olson, Louis, Walt, we've, Levy, Joe Scarnici Avelo, he's Organizations: Avelo Airlines, Service, Boeing, Alaska Airlines, Business, Concord, Houston Hobby, Walt Disney, Universal Studios, Delta, Avelo, JetBlue Airways, Airlines, BI, Frontier Locations: Burbank , California, Sonoma County, Boise, Idaho, Montana, Albany, Atlanta, Charlotte , North Carolina, Destin, Knoxville, Lakeland, Central Florida, Miami, St, Traverse City , Michigan, Orlando, New Haven, Connecticut, New York City, Hartford, Boston, Alaska
Learn moreChris Stapleton's hit tour runs through the rest of 2024 and early 2025, but tickets are selling out fast. The All-American Road Show has been ongoing since 2017 and serves as Chris Stapleton's first solo headlining tour. We've got you covered if you're looking for how to get tickets to Chris Stapleton's All-American Road Show concert tour in 2024. According to Chris Stapleton's website, Single Barrel VIP tickets start at $379, and Small Batch VIP tickets begin at $169. Who is opening for Chris Stapleton's tour?
Persons: Chris Stapleton's, Chris Stapleton, We've, Ames, Bristow, Gilford, George Strait, Grace Potter, Nikki Lane, Marcus King, Allen Stone, Tedeschi, Marty Stuart, Miranda Lambert, Willie Nelson, Sheryl Crow, TN Marcus King, AR Tedeschi, Arlington , TX Marty Stuart, England Miranda Lambert, Houston , TX Willie Nelson, Seattle , WA Sheryl Crow, WA Chris Stapleton Organizations: Business, FL, UT, IL, Ticketmaster, Houston, Las Vegas, Big Town, Family, Jacksonville , FL, Palm Beach , FL, SD, Stone, WA Locations: Las Vegas, Auckland , New Zealand, Indianapolis, Palm Beach, Tampa, Jacksonville, Rapid City, Sioux, Cuyahoga Falls, Charlotte, NC, Lexington, KY, Camden, NJ, East Rutherford, Kansas City, Ridgedale, Arlington, TX, Los Angeles, CA, Salt Lake City, Darien, NY, Burgettstown, Detroit, MI, Toledo, Columbus, Chicago, Nampa, Ridgefield, WA, Seattle, Gilford , New Hampshire, Nashville, TN, Birmingham, Little, Houston, Manchester, England, Glasgow, Scotland, London, Vegas, Melbourne, Australia, Brisbane, Sydney, Auckland, New Zealand, Ridgedale , Missouri, Jacksonville ,, Ames, East Rutherford , NJ, Detroit , MI, Chicago , IL, Palm Beach ,, Palm Beach , FL, Los Angeles , CA, Gilford, NH, Houston ,, Camden , NJ, Bristow , VA, Darien , NY, Toledo ,, Columbus ,, Ridgefield , WA, Kansas City ,, Arlington , TX, Dublin, Ireland, Houston , TX, Seattle , WA
"The Bodyguard: Original Soundtrack Album" by Whitney Houston and various artists"The Bodyguard" soundtrack was released on November 17, 1992. Arista Records"The Bodyguard" soundtrack — co-executive produced by Clive Davis and Whitney Houston, who starred in the film — became the first album verified by Nielsen to move more than 1 million units in the US in a single week. According to Billboard, the album sold 1,061,000 copies in the week ending January 3, 1993, six weeks after its release. It has since sold more than 12 million copies in the US and remains the best-selling soundtrack of all time.
Persons: Whitney Houston, Clive Davis, , Nielsen Organizations: Arista Records, Billboard
Known for his hit songs like "I Remember Everything," "Something in the Orange," and "Heading South," Zach Bryan's 2024 tour celebrates his self-titled album that debuted in 2023. We've got you covered if you're looking to buy tickets to Zach Bryan's 2024 Quittin Time Tour. Zach Bryan 2024 tour scheduleZach Bryan has only just begun his tour, with more than 60 shows remaining throughout 2024. How to buy tickets for Zach Bryan's 2024 concert tourYou can buy standard original tickets to Zach Bryan's 2024 tour through Ticketmaster and AXS. Prices for tickets to Zach Bryan's 2024 tour vary depending on date, location, and demand.
Persons: Zach Bryan, Zach Bryan's, We've, Bryan, Zach Bryan's Atlanta, Jason Isbell, Sheryl Crow, Sierra Ferrell, Matt Maeson, Levi Turner, Here's, MN Sheryl Crow, Sierra, Louis ,, Zach Bryan hasn't Organizations: Business, Vivid, SC, Springs, Las, Kansas City, KY, UT, Ticketmaster, FL, Sierra Ferrell, TN Locations: Brooklyn, Bryan's, Tulsa , Oklahoma, Canada, Brooklyn , New York, Omaha, Louis, Greenville, Knoxville, TN, Oklahoma, Oakland, Los Angeles, CA, Las Vegas, Denver, Detroit, MI, Columbus, Nashville, Orlando, Orleans, LA, Houston, Antonio, Greensboro, NC, Philadelphia, Atlanta, Tampa, Arlington, TX, Kansas, Minneapolis, Forks, Louisville, Edmonton, Vancouver, BC, Tacoma, WA, Portland, Sacramento, Glendale, AZ, Salt Lake City, Tulsa, NY, Columbus , Ohio, Arlington , TX, Philadelphia ,, MN, Antonio ,, Greensboro , NC, Kansas City ,, Tacoma , WA, Sacramento , CA, Columbus ,, Edmonton , Alberta, Vancouver , British Columbia
These attacks have over the years undermined university leadership and provoked students, staff and faculty. University leaders responded positively, helping to build more dynamic and well-endowed centers for this work than on any other peer campus in the country. Many students, staff and faculty, especially those from minority backgrounds, feel that they have suffered setback after setback at the hands of hostile politicians and deferential administrators. Public and private university leaders have become more distant from their own campuses as they focus on fund-raising and testifying before hostile federal and state legislatures. There are, of course, good reasons why university leaders should not give in to protesters on these and other points.
Persons: Jeremi Suri, Mack Brown, America’s, CNN —, George W, Bush, , , , ” Jeremi Suri Korey Howell, Rick Perry, Perry, William Powers, Powers, Greg Abbott, Abbott, Bill, Organizations: Leadership, Global Affairs, University of Texas, History Department, LBJ School, Democracy, , CNN, Yale, Republican Party, Republican, Bush’s, Austin, Republicans, University, Clements Center for National Security, Salem Center for Policy, Civitas Institute, School of Civic Leadership, Military, Public, Kent State, Jackson State Universities Locations: Austin, Texas, Houston, Rio Grande Valley, Dallas, United States, Vietnam
There are only 11 artists in the history of the Billboard Hot 100 who have topped the chart at least 10 times. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . These 11, however, have seen the most success on the Billboard Hot 100 — widely considered to be the definitive ranking of best-selling songs in the US. Rihanna, Stevie Wonder, The Beatles, and Whitney Houston are among the elite group of artists who have earned at least 10 chart-toppers in their careers. Keep scrolling to see the top tier of singles artists, ranked from least to most No.
Persons: Taylor Swift, Madonna, Mariah Carey, , Stevie Wonder, Whitney Houston Organizations: Beatles, Service
What we learned during the 2024 NFL Draft
  + stars: | 2024-04-28 | by ( George Ramsay | ) edition.cnn.com   time to read: +7 min
CNN —The 2024 NFL Draft drew to a close on Saturday as 257 players were selected by teams from across the league, all hopeful of a bright career lying before them. The 137 selections between Thursday’s first round and Saturday’s fifth round set a record for the longest drought without a quarterback being picked in NFL Draft history. Other offensive players popularInterest in offensive players was high throughout the draft and it was an especially good few days for wide receivers and offensive linemen. Laiatu Latu was the first defensive pick of the NFL Draft. Irrelevant’Jaylen Key is announced as the final pick of the NFL Draft.
Persons: Caleb Williams, Roger Goodell, Gregory Shamus, Williams, Justin Fields, Jayden Daniels, North Carolina’s Drake Maye, , Michael Penix Jr, J.J, McCarthy, Bo Nix, Penix, Kirk Cousins, Dale Zanine, Reuters “, ” Cousins, Mike McCartney, Mike Garafolo, , Kirk, , Nix, Carolina’s Spencer Rattler, Thursday’s, Marvin Harrison Jr, Pro Football Hall of Famer Marvin Harrison, WRs, Jeff Lewis, Rome Odunze, Malik Nabers, Xavier Worthy, Patrick Mahomes, Kingsley Suamataia, ” Mahomes, Brett Veach, Oregon WR Troy Franklin, Latu, Laiatu Latu, Ruke Orhorhoro, Quinyon Mitchell, Iowa’s Cooper DeJean, Jalyx Hunt, “ It’s, Howie Roseman, Jeff Roberson, You’ve, Key, I’m, Brock Purdy, “ We’ve, Brock Organizations: CNN, Chicago Bears, USC, New York Jets, NFL, Bears, LSU, Washington, New England Patriots, North, Atlanta Falcons, Minnesota Vikings, Denver Broncos, Falcons, New Falcons, USA, Sports, Reuters, New, New Orleans Saints, ESPN, Pro Football Hall of Famer, Arizona Cardinals, Rome, New York Giants, Kansas City Chiefs, Texas WR, Chiefs, BYU, Oregon WR, Ducks, Indianapolis Colts, UCLA, ESPN –, Clemson, Philadelphia Eagles, Houston, ” Eagles, Alabama, Jets, San Francisco 49ers, Super Bowl Locations: Detroit, Nashville, Alabama, New Orleans, Texas, Oregon, Toledo, California
Jefferies CEO Rich Handler sold $65 million of stock — some of which he used to buy a superyacht. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to the yacht's shipyard, Westport Yachts, the off-market deal was pending as of last month. I just love it," Fertitta told a local ABC affiliate in 2017, referring to Boardwalk's $40 million price tag.
Persons: Rich Handler, Tilman Fertitta, , Handler, van, Fertitta, I've, Forbes, Michael Organizations: Jefferies, Boardwalk, Service, Houston Rockets, Westport Yachts, ABC, Yachts International, Feadship —, Boat Locations: Westport, Fort Lauderdale , Florida, St
Some mornings, Kaitlin Jorgenson travels 544 miles to get to a job she'll be at for 72 hours. Although Jorgenson was ready to leave New York, she didn't want to give up the career she had built there. All in all, Jorgenson estimates she would spend a minimum of $4,000 each month to live and work in Manhattan. Moving to Charlotte, Jorgenson estimates, has saved her at least $2,000 each month — commuting expenses and all. During the weeks she's not in New York, Jorgenson works part-time at Superbloom Hair Studio in Charlotte, a job with flexible hours that change depending on Jorgenson's appointment schedule.
Persons: Kaitlin Jorgenson, she's, she'll, Jorgenson, Scott J, Organizations: Charlotte Douglas International, CNBC, Companies, National Bureau of Economic Research, Corporate Locations: New York City, Charlotte , North Carolina, Brooklyn, Charlotte, New York, , New Jersey, Manhattan, New, LaGuardia, Houston, Chicago, Queens
CNN —The 2024 NFL Draft has kicked off with the Chicago Bears selecting USC quarterback Caleb Williams with the first overall pick on Thursday night. Earlier Thursday, NFL spokesperson Brian McCarthy said on X 150,000 fans are in attendance at the draft. Here’s everything you need to know about the 2024 NFL Draft. How to watchThe 2024 NFL Draft will be held in Detroit across three days in the downtown area surrounding the Campus Martius Park and Hart Plaza. Pass-catching game-changersAccording to the NFL’s draft expert Daniel Jeremiah and his rankings of the 2024 draft prospects, three of the four best players are wide receivers, and 12 of the top 50 play the position.
Persons: Caleb Williams, Williams, Roger Goodell, Brian McCarthy, USC’s Williams, Kyler Murray, Tom Pennington, Justin Fields, Jayden Daniels, Daniels, Carolina’s Drake Maye, Maye, Lance Zierlein, shouldn’t, ” Daniels, Jonathan Bachman, Michael Penix Jr, JJ McCarthy, Bo Nix, Daniel Jeremiah, Marvin Harrison Jr, Pro Football Hall of Famer Marvin Harrison, Harrison Jr, Pro Bowler, Carmen Mandato, Zierlein, Rome, LSU’s Malik Nabers, Odunze, Larry Fitzgerald, Nabers, Justin Jefferson, Brian Thomas Jr, Adonai Mitchell, Xavier Worthy, Georgia’s Ladd McConkey Organizations: CNN, Chicago Bears, Bears, Hart, NFL Network, ESPN, ESPN2, ESPN Deportes, NFL, Heisman, USC, The Bears, Washington, LSU, New England Patriots, UNC, LSU Tigers, Atlanta Falcons, University of Washington, Minnesota Vikings, New York Jets, Michigan, Denver Broncos, Oregon, Pro Football Hall of Famer, Arizona Cardinals, Ohio State, Indianapolis Colts, New York Giants, of Famer, Getty, Los Angeles Chargers, Tennessee Titans, Las Vegas Raiders, New, New Orleans Saints, Seattle Seahawks, Jacksonville Jaguars, Cincinnati Bengals, Los Angeles Rams, Pittsburgh Steelers, Miami Dolphins, Philadelphia Eagles, Dallas Cowboys, Green Bay Packers, Tampa Bay Buccaneers, Buffalo Bills, Detroit Lions, Baltimore Ravens, San Francisco 49ers, Kansas City Chiefs Locations: Detroit, Baton Rouge, Texas, Carolina, New Orleans, Cleveland, Houston
Municipal governments across the United States are looking to rein in spending as pandemic-era stimulus dries up and inflation lingers for longer than expected. The group issued a AA investment grade general obligation bond rating for New York City in March 2024. The financial challenges within cities appear to be mounting despite high municipal credit ratings and robust demand for urban commodities like housing. "I think we can all agree that we're broke," said Houston Mayor John Whitmire in a March 2024 City Council budget hearing. Meanwhile, in the case of New York City, leaders remain optimistic about future returns.
Persons: Michael Rinaldi, Brad Lander, Sheila Weinberg, we're, Houston Mayor John Whitmire, Weinberg, We've, Lander, Eric Adams, Rinaldi, Adams Organizations: Fitch, AA, New, Truth, University of Denver, New York, Apple, Houston Mayor, Accounting, CNBC, Lander Locations: United States, U.S, New York City, Chicago, Houston, Portland , Oregon, New York
“The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025,” said Southwest CEO Bob Jordan in the company’s first-quarter financial results statement. That incident prompted a three-week grounding of the Max 9, and will delay the certification of two new models of the plane, the 737 Max 7 and 737 Max 10, until at least next year. The cutbacks are the latest sign of the widening impact of the ongoing problems at Boeing throughout the air travel system. It announced Thursday that it has trimmed its order book to 19 of those jets, shifting to 737 Max 8 jets instead. Unlike all-Boeing Southwest, American’s fleet of mainline aircraft is split fairly evenly between those from Boeing and those from its rival Airbus.
Persons: Houston’s George, , Bob Jordan, replanning, Max, Robert Isom Organizations: New, New York CNN, Southwest Airlines, Boeing, Bellingham International Airport, Cozumel International, Syracuse Hancock International, Houston’s George Bush Intercontinental Airport, Alaska Airlines, American Airlines, Airbus, American Locations: New York, Bellingham, Washington state, Cozumel, Mexico, Syracuse, Southwest
Jefferies CEO Rich Handler sold $65 million in company stock to buy a luxury yacht. AdvertisementJefferies CEO Rich Handler sold $65 million of his stock in the company to buy himself a gift — a luxury yacht. Handler sold 1.5 million shares, or 7% of his holdings, to purchase a "personal boat and to pay tax obligations," the investment bank said in a Wednesday statement. He has previously sold shares only for tax purposes and charity, the bank said. Investors often view executives' stock sales as a signal about lack of company confidence, so any sales are carefully messaged.
Persons: Rich Handler, Jefferies, Tilman Fertitta, Handler, Organizations: Jefferies, Service, Financial Times, Houston Rockets, NBA, Lancadia Holdings Locations: Westport
A Southwest commercial airliner takes off from Las Vegas International Airport in Las Vegas, Nevada, U.S., February 8, 2024. Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing's airplane delays will hamper its growth into 2025. "The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025. Adjusting for one-time items, including costs related to labor contracts and fuel, Southwest lost $218 million, or 36 cents a share. Correction: Southwest Airlines revenue of $6.33 billion came in slightly below analysts' estimates as compiled by LSEG.
Persons: George Bush, Bob Jordan, replanning, LSEG Organizations: Las Vegas International, Southwest Airlines, Boeing, Max, Bellingham International Airport, Cozumel International, Southwest, LSEG . Locations: Las Vegas , Nevada, U.S, Syracuse , New York, Bellingham, Washington, Cozumel, Dallas
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