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☆ US Marines just added a new long-range missile to their arsenal that will keep their fighter jets out of reach of enemy air defenses during strikes
▼ + stars: | 2024-09-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

US Marines added a new long-range cruise missile to their arsenal. The AGM-158A joint air-to-surface standoff missile was loaded on an F/A-18 Hornet in late August. The missile can strike targets up to 230 miles, well outside enemy air defenses. AdvertisementThe US Marine Corps has a new long-range weapon in its arsenal, the AGM-158A joint air-to-surface standoff missile (JASSM). The addition is a boost in firepower, the Marines said, as the weapon's long range allows it to strike targets from well outside the reach of enemy air defenses.

Persons: — Organizations: Service, Marine Corps, Marines, Marine Aviation Logistics Squadron, Fighter Attack, Hornet, Business

☆ A pilot reveals the tricks to one of the world’s most difficult landings
▼ + stars: | 2024-09-17 | by ( Lilit Marcus | ) edition.cnn.com time to read: +6 min

The orange-robed icon looks on as the pilot speedily executes a dramatic last-minute turn to land the A319 on the slender runway. That’s just another normal working day at Bhutan’s Paro International Airport (PBH), widely considered one of the most technically difficult plane landings in the world. Paro is a category C airport, which means that pilots must have special training to fly there. As the national flag carrier, Druk Air has taken much of the responsibility for pilot training on itself. He believes there are 50 licensed pilots in Bhutan, but that number could easily double in the next few years.

Persons: Bhutan CNN —, That’s, Lilit Marcus, ”, Chimi Dorji, Dorji, It’s, ” Dorji, isn’t, it’s, “ Organizations: Bhutan CNN, Paro International, CNN, Druk, Royal Bhutan Airlines, CNN Travel, Air, KLM, Qantas, Delta Air Lines, Druk Air Locations: Thimpu, Bhutan, Paro, China, India, New Delhi, Bangkok, Kathmandu, Hanoi, Bengal, ”, North America, Europe

☆ SpaceX Starlink has 2,500 airplanes under contract after United megadeal, director says
▼ + stars: | 2024-09-17 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

A Starlink terminal installed on a Hawaiian Airlines aircraft. Hawaiian AirlinesPARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week's United Airlines deal, a company director said Tuesday. Last week, United said it will outfit its more than 1,000 planes with Starlink and won't charge customers for the Wi-Fi. SpaceX has previously announced in-flight deals and has started service with Hawaiian Airlines , Qatar Airways, Japan's Zipair, Latvia's airBaltic and semi-private charter airline JSX. Nick Galano, SpaceX director of Starlink Aviation Sales and Partnerships, center, speaks at the World Space Business Week conference in Paris on Sept. 17, 2024.

Persons: Nick Galano, United, Gogo, Japan's, Latvia's, Galano, SpaceX, Michael Sheetz Galano, Glenn Latta, Latta, We've Organizations: Hawaiian Airlines aircraft, Hawaiian Airlines PARIS, SpaceX, United Airlines, IFC, Starlink's, Viasat, Panasonic, Thales, Hawaiian Airlines, Qatar Airways, Starlink Aviation, CNBC, Delta Air Lines, Delta Locations: Paris, United

☆ A push toward sustainable jet fuel is leaving investors with unanswered questions
▼ + stars: | 2024-09-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesThe aviation industry still sees so-called "sustainable aviation fuel" (SAF) as the only viable way to meet its decarbonization targets, even as opposition and the potential for higher costs for passengers pose obstacles to the fast-growing sector. SAF is a broad term describing fuel that is burned by an aircraft engine, but instead of using kerosene is derived from more sustainable sources. The planemaker said it is collaborating with producer HIF Global on the development of methane-based fuels, and investing in alcohol-to-jet fuel producer LanzaJet. But IATA's own forecast for SAF production to triple in 2024 to 1.9 billion liters would cover just 0.53% of aviation fuel demand for the year. "The truth is, it's going to be more expensive, you can't really sugarcoat that," said HIF Global's Clara Bowman.

Persons: Neste, HIF, Buzz, Lauren Riley, Riley, Rick Nagel, You've, Clara Bowman, Bowman, United's Lauren Riley, HIF Global's Clara Bowman Organizations: SAF, Bloomberg, Getty, United Airlines, Chicago O'Hare International, Labour, Airbus, Farnborough Air, CNBC, International Air Transport Association, Acorn Capital Management, Porsche, HIF, Union's Renewable Energy Directive, Biden, Boeing, Google, Embraer Locations: Singapore, Chile, Texas, U.S, America

☆ Big names like David Tepper and 'Big Short' investor Michael Burry are quietly upping their bets on the Chinese economy
▼ + stars: | 2024-09-17 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +5 min

From property woes to sluggish economic data, China appears to be suffering from long Covid. Wall Street turns bullishBillionaire investors, including Appaloosa Management founder David Tepper and "Big Short" investor Michael Burry, recently revealed they are sticking to their China bets. The famed investor loaded up on Alibaba stock in the second quarter, revealing an $11.2 million position in the company. That makes Alibaba Burry's largest holding, with other Chinese tech stocks including Baidu and JD.com also featuring on Burry's portfolio. Meanwhile, BCA Research recently upgraded Chinese onshore stocks to overweight, with China strategist Jing Sima expecting Chinese onshore stocks to passively outperform global equities.

Persons: Jiang Sheng, It's, Ted Alexander, CNBC's, David Tepper, Michael Burry, Alibaba, Tepper, Burry, JD.com, Jing Sima, George Boubouras, Goldman Sachs, Song Zhiyong, Eric Lin Organizations: Visual China, Getty, Appaloosa Management, KE Holdings, Baidu, BCA Research, K2 Asset Management, CNBC, Bank of America, National Bureau of Statistics, China's Ministry of Transport, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, Paris Olympic Games, Greater, Greater China Research, UBS Locations: China, Beijing, Wall, Japan, South Korea, Singapore, Europe, Greater China

☆ Elon Musk says SpaceX will sue FAA for 'regulatory overreach'
▼ + stars: | 2024-09-17 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Elon Musk said SpaceX will sue the Federal Aviation Administration for "regulatory overreach" after the agency planned to fine his defense contractor for issues with two launches last year. The FAA said SpaceX used an "unapproved rocket propellant farm" for its EchoStar XXIV Jupiter mission in July 2023. In a recent blog post, SpaceX complained about "difficulties launch companies face in the current regulatory environment," specifically pertaining to "launch and reentry licensing." In addition to taking on the FAA and environmental regulators, Musk has clashed with the National Labor Relations Board. WATCH: SpaceX will sue FAA

Persons: NASA's, Elon Musk, SpaceX didn't, Musk Organizations: Polaris, NASA's Kennedy Space Center, SpaceX, Federal Aviation Administration, FAA, Cape Canaveral Space Force, NASA, CNBC, Environmental Protection Agency, Texas Commission, National Labor Relations Board Locations: Cape Canaveral , Florida, Cape, Florida, Texas, Boca Chica , Texas

☆ Cabin pressure issue on Delta flight causes bloody ears and noses for passengers
▼ + stars: | 2024-09-17 | by ( Amanda Jackson | Melissa Alonso | ) edition.cnn.com time to read: +1 min

CNN —Some Delta Air Lines passengers are recovering after a pressurization issue on a flight from Salt Lake City, Utah, to Portland, Oregon, caused bloody noses and other issues, according to airline and passenger statements. “We sincerely apologize to our customers for their experience on flight 1203 on Sept. 15,” said a statement from a Delta spokesperson. Delta technicians fixed the pressurization issue on the aircraft, the airline said, and the plane was returned to service the following day. Caryn Allen told CNN affiliate KSL that said it didn’t take very long for passengers to notice something was wrong on the flight. No serious injuries were reported, but medical personnel identified 10 individuals in need of evaluation or treatment following the flight.

Persons: “, ”, Caryn Allen, ” Allen, Purser, ” Purser Organizations: CNN, Delta Air Lines, SLC, Delta, KSL, Federal Aviation Administration Locations: Salt Lake City , Utah, Portland , Oregon

☆ FAA proposes to fine SpaceX $633,000 over 2023 launch requirements
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: 1 min

Federal Aviation Administration Administrator Mike Whitaker speaks at a news conference on the FAA's work to hold Boeing accountable for safety and production quality issues, at the Federal Aviation Administration Headquarters on May 30, 2024 in Washington, DC. The Federal Aviation Administration said Tuesday it proposing to fine SpaceX $633,000 for allegedly failing to follow license requirements and not getting approval for changes during two launches in 2023. The FAA said SpaceX failed to get approval to revise its communications plan related to its license to launch from Cape Canaveral Space Force Station in Florida including adding a new launch control room at Hangar X and removing the T-2 hour readiness poll from its procedures before a June 2023 launch. The FAA also said SpaceX used an unapproved rocket propellant farm before a July 2023 mission.

Persons: Mike Whitaker Organizations: Aviation, Boeing, Federal Aviation Administration Headquarters, Federal Aviation Administration, FAA, SpaceX, Cape Canaveral Space Force Locations: Washington ,, Cape, Florida

☆ Newly released satellite images show the bridges Ukrainian strikes destroyed inside Russia
▼ + stars: | 2024-09-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewSatellite images newly released by the British defense ministry show several destroyed bridges in Russia after Ukrainian strikes. The satellite images, which were captured last month but only released on Saturday, show the aftermath of Ukrainian strikes on one road bridge and two pontoon bridges in Kursk. AdvertisementRussia can use its floating pontoon bridges, which are temporary, to ferry personnel and military equipment across the Seym. These bridges came into play as Ukrainian strikes knocked out some of the more permanent structures. Related storiesUkraine has also used ground-launched weapons like the US-provided High Mobility Rocket Artillery System, or HIMARS, to strike bridges in Kursk.

Persons: —, ike, remlin, ince Organizations: Service, Business, Ministry of, Ministry of Defense, " Aviation, Air Force Locations: Russia, Ukraine, Kursk, Moscow

☆ The strike could cost Boeing more than $1 billion. But that could be the least of its problems
▼ + stars: | 2024-09-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

How long the strike lasts will determine how serious the problems are for Boeing. Boeing has a long way back to profitability, no matter how long the strike lasts. So as bad as the strike might be for Boeing, it has plenty of other problems to deal with. So even with financial problems that might kill another company, Boeing isn’t going anywhere. The strike could last a whileNegotiations between Boeing, the union and federal mediators are expected to resume early this week.

Persons: Brian West, Boeing’s, Fitch, Moody’s, Poor’s, Richard Aboulafia, ” Aboulafia, ” Jim Bloomer, Max, “, you’ve, ” Organizations: New, New York CNN, Boeing, Federal Aviation Administration, Airbus, CNN Locations: New York, Washington, Renton , Washington

☆ Elon Musk has beef with the FAA. The agency still puts in a lot of work for him.
▼ + stars: | 2024-09-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

A SpaceX spokesperson did not respond to a request for comment sent during the weekend. AdvertisementIn an interview on Monday at the All-In Summit, Musk mocked the FAA for the time it has taken the agency to approve SpaceX launches. An FAA spokesperson did not respond to a request for comment sent during the weekend. Unfortunately for the FAA, Musk isn't doling out any points for trying. Murray defended his office against claims from SpaceX and Musk that the agency was needlessly delaying the launch of Starship.

Persons: —, Elon, Musk, Steven Kulm, Daniel Murray, Murray, There's, Trump, Christian Grose, I'm, they're Organizations: Service, Federal Aviation Administration, SpaceX, Business, FAA, Elon, Biden Administration, New York Times, Transportation Office, Global Aerospace Summit, Bloomberg, Summit, Twitter, University of Southern Locations: DC, University of Southern California

☆ Passenger arrested after trying to choke flight attendant and saying plane ‘is going down’ on California flight, DOJ says
▼ + stars: | 2024-09-15 | by ( Paradise Afshar | ) edition.cnn.com time to read: +3 min

CNN —A California man is facing federal charges after he allegedly tried to choke a flight attendant and “said he was going to kill everybody” while on board a Frontier Airlines flight to San Francisco that had to be diverted on Monday, authorities said. “Flight attendants investigated and discovered that Salva had his hand in the overhead compartment,” the US Attorney’s Office said. During the incident, Salva yelled obscenities at flight attendants and allegedly said, “We are all going to hell,” and “This airplane is going down,” the release said. The flight attendants did not feel safe trying to put Salva back in his seat, and the flight was diverted to Ontario International Airport, the release said. The single highest individual penalty, $40,823, was issued to a traveler who brought their own alcohol on board, was intoxicated, attempted to smoke marijuana in the lavatory, and sexually assaulted a flight attendant – all in a single flight.

Persons: “, ”, Charles Angel Salva, Fermont, Salva, – Organizations: CNN, Frontier Airlines, US, Office, District of, Attorney’s, “, Ontario International Airport, US Marshals Service, FBI, Ontario Police Department, US Federal Aviation Administration, Department of Justice Locations: California, San Francisco, District, District of California, Orange County , California, Ontario, United States

☆ The FAA has hit 'unruly' flyers with $20 million in fines since the pandemic — a huge increase compared to pre-2020
▼ + stars: | 2024-09-14 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

The FAA has fined 'unruly passengers' over $20 million since 2020. The FAA told Business Insider it has a "zero-tolerance policy toward unruly passengers." Data shared by the Federal Aviation Administration showed that it has fined "unruly passengers" over $20.9 million since the COVID-19 pandemic began in 2020. That year, the FAA levied $0.6 million in fines against "unruly passengers." This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: FAA, Service, Federal Aviation Administration, Centers for Disease Control, Prevention, Business Locations: United States

☆ Travel news: Hotels reveal their wildest room service orders
▼ + stars: | 2024-09-14 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

CNN —In travel news this week: odd room service requests, the cruise passengers stranded for months at their departure port, plus how a rogue bag of Cheetos caused havoc in a New Mexico cave. Unusual guest requestsFar be it from us to say folks are getting a little entitled, but a new report from Hotels.com has revealed the oddest room service requests made to its hotel partners around the world. There’s the separate requests that were fielded for burnt toast, fresh goat milk and 2 kilos of bananas. And finally there’s the demand for a high-five from a team member to ensure their room service request was read. The nine-month itinerary of Royal Caribbean’s Ultimate World Cruise was considerably less ambitious, but at least it successfully completed its journey this week.

Persons: Hotels.com, it’s, there’s, –, CNN Anne Marie Hagerty Organizations: CNN, Service, Atlanta, Delta Airbus Locations: New Mexico, York, Carlsbad, Hawaii, Oahu, Georgia, England, Argentina, British, Italy, “

☆ United Airlines to offer free Wi-Fi using Starlink from Elon Musk's SpaceX
▼ + stars: | 2024-09-13 | by ( Leslie Josephs | Michael Sheetz | ) www.nbcnews.com time to read: +2 min

United Airlines said Friday that it plans to offer inflight Wi-Fi for free using Starlink from Elon Musk’s SpaceX on its hundreds of jetliners, the biggest inflight internet deal yet for the satellite service provider. The team-up comes as airlines have been investing in faster inflight Wi-Fi, sometimes offering it for free, in a bid to attract higher-paying customers like business travelers. Delta Air Lines announced in early 2023 that onboard internet would be free for members of its SkyMiles loyalty program. Hawaiian Airlines, which has a deal with Starlink, also offers complimentary inflight Wi-Fi. JetBlue Airways has offered free Wi-Fi for years.

Persons: United Organizations: Airlines, Elon Musk’s SpaceX, Delta Air Lines, Hawaiian Airlines, Starlink, Fi, JetBlue Airways, SpaceX, JSX, United, ViaSat, Panasonic, U.S, Atlantic, Pacific

An Alaska Airlines plane was forced to abort takeoff at Nashville International Airport in Tennessee after a Southwest Airlines flight was cleared to cross from the same runway, according to the Federal Aviation Administration. Alaska Airlines Flight 369 was headed to Seattle on Thursday morning and had received clearance to take off from air traffic control, the airline said in a statement, when Southwest Airlines Flight 2029 was cleared to cross the end of the same runway, the FAA said. The Alaska pilots had to brake so hard and fast that the tires on their plane blew out, the airline said. Damaged tires on the Alaska Airlines jet at the Nashville, Tenn., airport after takeoff was aborted Thursday. It said it sent another plane to Nashville to take them to Seattle on Thursday night.

Persons: Kyle Forrester Organizations: Alaska Airlines, Nashville International Airport, Southwest Airlines, Federal Aviation Administration, FAA, Alaska, Nashville, National Transportation Safety, Employees Locations: Alaska, Tennessee, Seattle, Tenn, Nashville

☆ Southwest and Alaska Airlines planes nearly collide on Nashville airport runway, spurring FAA investigation
▼ + stars: | 2024-09-13 | by ( Pete Muntean | ) edition.cnn.com time to read: +3 min

The crew of Alaska Airlines flight 369 “discontinued their takeoff” at Nashville International Airport around 9:15 a.m. CT when Southwest Airlines flight 2029 “was cleared to cross the end of the same runway,” according to the FAA. The Alaska Airlines flight carrying 176 passengers and six crew members braked so suddenly that the crew “reported blown tires during the braking,” the FAA said. “The Alaska aircraft, on its way to Seattle, had received clearance for takeoff from Air Traffic Control,” Alaska Airlines said in a statement. The incident in Nashville also comes just two days after two Delta Air Lines planes collided as both were taxiing for takeoff from Atlanta’s busy Hartsfield-Jackson International Airport. The wheels of a plane are seen after a near-collision involving a Southwest Airlines flight and an Alaska Airlines flight at Nashville International Airport Thursday morning.

Persons: “, braked, “ We’re, John F, Kyle Forrester Organizations: CNN, Federal Aviation Administration, National Transportation Safety, Alaska Airlines, Nashville International Airport, Southwest Airlines, FAA, Alaska, Air Traffic Control, NTSB, Employees, Boeing, Delta Air Lines, Hartsfield, Jackson International, New, Syracuse Hancock International, Kennedy International Airport, Nashville, FedEx, Investigators Locations: Nashville, “, Seattle, Syracuse, JFK, Austin , Texas

☆ Traveler ordered to pay more than $5,000 in fuel costs after flight diverted due to bad behavior
▼ + stars: | 2024-09-13 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

CNN —A problematic airline passenger has been hit with an unusual form of punishment – he has to pay back the airline for the cost of fuel. According to the Australian Federal Police, a then-32-year-old man from Western Australia was disruptive on a flight headed from Perth to Sydney. Now, the passenger has been ordered to pay $8,630 AUD ($5,806 USD) back to the airline to cover the cost of the wasted fuel. While charging a disruptive traveler for the cost of fuel is not a typical penalty, other kinds of fines are more common. The single highest individual penalty, $40,823, was issued to a traveler who brought their own alcohol on board, was intoxicated, attempted to smoke marijuana in the lavatory, and sexually assaulted a flight attendant – all in a single flight.

Persons: ” Shona Davis, “, – Organizations: CNN, Australian Federal Police, US Federal Aviation Administration, Department of Justice Locations: Western Australia, Perth, Sydney, United States

☆ Boeing strike 2024: IAM union members set to strike early Friday after vote against proposed deal
▼ + stars: | 2024-09-13 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

New York CNN —Union members at Boeing overwhelmingly rejected a proposed a four-year contract with the troubled aircraft manufacturer, authorizing the first strike at the company in 16 years, said the International Association of Machinist (IAM) union. It also increased job security for union members, because Boeing promised to build its next commercial jet, which has yet to be announced, at a unionized plant. But 95% of members of the IAM union voted against the deal. In a separate vote 96% voted to authorize a strike, easily clearing the two-thirds threshold needed to approve a walkout. Boeing has nearly 150,000 US employees, including the 33,000 IAM union members.

Persons: ”, Jon Holden, Kelly Ortberg, “, Max, Holden, we’ve Organizations: New, New York CNN — Union, Boeing, International Association of, IAM, Alaska Airlines, Federal Aviation Administration, US Justice Department Locations: New York, Alaska

As a frequent traveler, I get a lot of value out of reaching elite status with Delta. Maximizing my points and miles with my travel credit card means I can travel more. You can earn $1 MQD per $1 spent on Delta flights, but you can earn more with a Delta credit card. Rewards Credit Cards The best rewards credit cards can be a great way to earn cash back or travel rewards on your everyday purchases. Popular cards include the Chase Sapphire Preferred card and the Bank of America Travel Rewards card.

Persons: —, we're, I've, Felipe Carrillo Organizations: Delta, Service, Diamond, Delta Medallion, American Express, Delta Sky Club, Delta Reserve, Chase, Bank of America, Felipe Carrillo Puerto Airport Locations: Tulum, New Zealand, Delta, New York, Hawaii, Yucatan

United Airlines said Friday that it plans to offer inflight Wi-Fi from SpaceX's Starlink for free on its hundreds of jetliners, the biggest inflight internet deal yet for the SpaceX business. The team-up comes as airlines have been investing in faster inflight Wi-Fi, sometimes offering it for free, in a bid to attract higher paying customers like business travelers. Delta Air Lines announced in early 2023 that onboard internet would be free for members of its SkyMiles loyalty program. Hawaiian Airlines , which has a deal with Starlink, also offers complimentary inflight Wi-Fi. JetBlue Airways has offered free Wi-Fi for years.

Persons: United Organizations: Airlines, SpaceX, Delta Air Lines, Hawaiian Airlines, Starlink, Fi, JetBlue Airways, JSX, United, ViaSat, Panasonic, U.S, Atlantic, Pacific

☆ Ukraine says it shot down a $50M Su-30 Russian fighter jet, sending it crashing into the Black Sea
▼ + stars: | 2024-09-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewUkraine's Defense Intelligence says its forces have shot down a Russian fighter jet over the Black Sea, sharing a video of the apparent strike. According to the post, Russian forces lost contact with the aircraft around 5 a.m. local time and launched a search and rescue operation about three hours later. It said a telltale streak of jet fuel was found on the water, as well as parts of the plane's wreckage. Advertisement-1 russian Su-30SM jet 🔥Warriors of the @DI_Ukraine special unit destroyed a russian Su-30SM combat aircraft with MANPADS over the Black Sea. pic.twitter.com/yaKnzWXyYF — Defense of Ukraine (@DefenceU) September 12, 2024The pro-Ukrainian Telegram channel Crimean Wind, which monitors developments on the peninsula, also posted about a missing Russian Su-30 jet, citing an unnamed Ukrainian army source.

Persons: —, Russian Sukhoi Su, ince, cale Organizations: Service, Intelligence, Business, Naval Aviation Regiment Locations: Russian, Ukrainian, Cape Tarkhankut, Crimea, Saki

☆ Elon Musk and SpaceX are beefing with regulators over Starship's launch delay
▼ + stars: | 2024-09-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Elon Musk is in another fight with regulators — this time over SpaceX's Starship rocket. Musk's rocket company slammed the FAA over a delay in receiving approval for its next Starship launch. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSpaceX and Elon Musk are beefing with regulators over the next launch of Starship, the rocket Musk plans to use to take humans to Mars.

Persons: Elon Musk, Musk, —, X Organizations: SpaceX's, FAA, Service, SpaceX, Elon, Federal Aviation Administration, Business

☆ Here's the deflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

It means that, in aggregate, the average prices of goods and services are rising, just more slowly. Where prices have deflatedFor example, prices have declined by about 5% for furniture and bedding and 3% for appliances since August 2023, according to CPI data. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Airline fares have declined about 1% over the past year, according to CPI data. Grocery prices have fallen for items such as apples, potatoes, ham, coffee, rice, seafood and bananas, according to CPI data.

Persons: Stephen Brown, it's, Sarah House, They've, women's outerwear, Brown Organizations: North, Capital Economics, Finance, Social Security, Wells, Wells Fargo Economics, U.S, International Air Transport Association Locations: U.S, North America, Wells Fargo, China

Microsoft told employees on Thursday that it has hired Carolina Dybeck Happe as its executive vice president and chief operations officer, reporting to CEO Satya Nadella. Dybeck Happe comes from GE, where she was senior vice president and chief financial officer from 2020 until September 2023. She will join Microsoft's senior leadership team alongside finance chief Amy Hood, cloud and AI engineering leader Scott Guthrie and other executives. GE CEO Larry Culp called Dybeck Happe "a high-impact executive" when GE announced in 2019 that it had picked Dybeck Happe to replace Jamie Miller as chief financial officer. Before that, she spent almost 17 years at Swedish lock company Assa Abloy, where she became chief financial officer and deputy CEO.

Persons: Carolina Dybeck, Satya Nadella, Dybeck Happe, Microsoft's, Amy Hood, Scott Guthrie, Nadella, Dybeck, Rajesh Jha, Larry Culp, Jamie Miller, Kevin Turner, Gene Munster Organizations: Microsoft, GE, Microsoft Digital IT, Microsoft Business Operations, GE Aerospace, GE Vernova, New York Stock Exchange, Maersk, Walmart Locations: Carolina, Swedish

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