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CNN —The NASA Perseverance rover may have found a pivotal clue that’s central to its mission on Mars: geological evidence that could suggest life existed on the red planet billions of years ago. “These spots are a big surprise,” said David Flannery, member of the NASA Perseverance science team and an astrobiologist at the Queensland University of Technology in Australia, in a statement. But the arrowhead-shaped specimen could help the Perseverance team unlock whether Mars was once a planet hospitable to life. Perseverance rover captured a 360-degree panorama of a region on Mars called “Bright Angel,” where a river flowed billions of years ago. Exploring Mars’ pastSince landing on Mars, Perseverance has crossed Jezero Crater and explored an ancient river delta in search of microfossils of past life.
Persons: , David Flannery, haven’t, Mars, “ We’re, Briony Horgan, we’ve, , Morgan Cable, MSSS “ We’ve, Ken Farley, it’s, Perseverance, Nicola Fox, Bill Nelson, ” Horgan, ” Farley Organizations: CNN, NASA, Queensland University of Technology, Purdue University, Chemicals, NASA’s Jet Propulsion Laboratory, JPL, Caltech, ASU, ” Cable, California Institute of Technology, MSSS Geologists, Science Locations: Australia, West Lafayette , Indiana, Mars, Pasadena , California, Cheyava, Pasadena, Neretva
In today's big story, Southwest ditching its unassigned seat policy is a sign of the end times for budget airlines as we know it. Southwest Airlines is ending its open seating policy , opting for assigned and premium seating options. Between paid seat assignments and premium seating, Southwest could add as much as $3 billion in new revenue, according to one analyst. AdvertisementKevin Carter/Getty ImagesThe real pain of the current travel landscape is being felt by budget airlines. That's why Southwest's decision to end its open seating policy could be a sign of the end of budget airlines as we know it, writes BI's Taylor Rains and Pete Syme.
Persons: , Chelsea Jia Feng, Elliott Management's, wasn't, Insider's Benjamin Zhang, Kevin Carter, BI's Taylor Rains, Pete Syme, Bob Jordan, Goldman Sachs, Jenny Chang, Rodriguez, Prince Williams, Getty, Griffin, Tyler Le, NKSFB, Chris Brown, Rupert Murdoch, Murdoch, they're, They're, Claudia Sahm, Donald Trump, Benjamin Netanyahu, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Southwest Airlines, Southwest, Southwest isn't, Bank of America, Getty, Bauer, Fox, News Corp, Mar Locations: Southwest, , Taylor, Los Angeles, Lago, New York, London
Meanwhile, Redburn Atlantic initiated coverage of DoorDash with a buy rating and a price target implying upside of more than 60%. He also notched down his price target to $29 from $32, indicating 9.4% downside potential from Thursday's close. Analyst Vivek Arya reiterated his buy rating on the Dutch-based chipmaker in a client note on Thursday. He also cut his price target to $1.25 from $6.25, which was 7 cents below Thursday's close price. DASH YTD mountain AAPL year to date — Hakyung Kim 5:33 a.m.: Raymond James raises Apple price target Raymond James is getting more bullish on Apple ahead of earnings.
Persons: Raymond James, Michael Linenberg, Linenberg, Southwest's, — Hakyung Kim, BofA, Vivek Arya, NXP, NXPI, Arya, Davidson, Alexander Perry's, Perry, Morgan Stanley, International Morgan Stanley, Nathan Feather, Feather, Hakyung Kim, James Cordwell, Cordwell, EBITDA, Srini Pajjuri, Fred Imbert Organizations: CNBC, Apple, Southwest Airlines Deutsche Bank, Southwest Airlines, Revenue, NXP, Bank of America, EV, Harley, International, WW International, DoorDash Locations: U.S, China, Thursday's, 2H24
Open seating helped Southwest load and unload passengers, which Southwest CEO Bob Jordan said meant more on-time departures and cost savings on Thursday’s earnings call. Even as other airlines switched to assigned seats in recent decades, Southwest kept its boarding process the same. ‘Sad day’Some loyal Southwest customers vented their frustration about the policy change on social media. She worries she will have to pay extra for her traditional A-group seats as Southwest moves to assigned seats. But activist pressure did not factor into the company’s move to assigned seats, Southwest CEO Jordan said on the earnings call.
Persons: Herb Kelleher, , you’ve, William Thomas Cain, Bob Jordan, Gary Kelly, ” “, , Sandy Wolfe, , Wolfe, Jordan, William McGee Organizations: New, New York CNN, Southwest Airlines, Southwest, , CNN, Elliot Investment Management, United, Delta, American Economic Liberties Locations: New York, Dallas, Houston, San Antonio, Southwest, here’s, , American, United States
The American Express® Gold Card increased its annual fee to $325, up from $250. The American Express® Gold Card is a popular credit card that earns points on groceries and at U.S. supermarkets, among other bonus categories. To sweeten the sting, Amex is adding a couple hundred dollars' worth of bonus credits for American Express® Gold Card cardholders. New cardholders: Get a limited-edition white-gold cardNew cardholders of the American Express® Gold Card or the business-focused American Express® Business Gold Card can choose a limited-edition white gold card. If you're on the fence about the American Express® Gold Card, consider whether the benefits are worth the higher cost to you.
Persons: , cardholders, Amex, You'll, Dunkin, you'll Organizations: American, Service, American Express, Express, Hilton Honors American Express, Card
Against this backdrop, Wolfe Research searched for stocks with a high free cash flow yield — that is, a comparison of a company's free cash flow to its market capitalization. Free cash flow refers to the amount of cash leftover after a company has paid its expenses. A higher free cash flow yield means the company is generating more cash, which it can then reinvest back into its business for further growth. With an estimated 2024 free cash flow yield of 5%, Lockheed Martin also made the list. IBM has an estimated 2024 free cash flow yield of 6%.
Persons: Wolfe, Wells, Daniel Politzer, Lockheed Martin, TD Cowen, Cai von Rumohr, Mills Organizations: Wolfe Research, Vegas Sands, Lockheed, Technology, Machines, IBM, Bank of America, Infrastructure, Consulting, Body, Delta Air Lines Locations: Macau, Bath
Southwest Airlines is getting rid of open seating
  + stars: | 2024-07-25 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
Southwest said customers were clamoring for these changes – when people switch to a competitor from Southwest, the company said the No. But the change will also help the company charge some passengers more for their tickets. “The research is clear and indicates that 80% of Southwest customers, and 86% of potential customers, prefer an assigned seat,” said the airline in a statement. Southwest doesn’t charge for carry on bags and has long allowed passengers to check two bags for free. The premium seats, which will offer more legroom, will not be available until 2025 as it will require reconfiguring its planes.
Persons: , Max Organizations: New, New York CNN, Southwest, United, Delta, Boeing Locations: New York, Southwest, Delta
CNBC | Evelyn ChengBEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla , according to CNBC analysis of the four automakers' first-quarter earnings. Of the four U.S.-listed Chinese electric car companies, Nio ranked first, spending nearly 29% of revenue in the first three months of the year on research and development. He was referring to a popular term in China to describe fierce competition, especially in the electric car industry. She noted that can help Chinese electric car companies respond more quickly to customers and market needs than traditional automakers. Geely has also released an electric car architecture called SEA that it says allows for quicker production of different sized vehicles.
Persons: Evelyn Cheng, Paul Gong, Nio, Elon, Feng Shen, Shen, William Li, Li, Jing Yang, Zeekr's, Parent, Ren Xiangfei, Ren, Geely, Tesla, Taylor Ogan Organizations: CNBC, UBS, Elon Musk's, Ford Motor, China's Ministry of Industry, Information Technology, Fitch, China Passenger Car Association, Snow Bull, Tech Locations: Hefei, Evelyn Cheng BEIJING – U.S, U.S, China, Nio, Hefei city, Anhui, Shanghai, Asia, Pacific, Zhejiang province, Hong Kong, Shenzhen
Did NASA’s Perseverance Rover just discover remnants of ancient life on Mars? Scientists working on the mission are too cautious to claim so, but they are over-the-moon excited about the most intriguing rock that the rover has come across in more than three years of exploring Mars. Within the rock, Perseverance’s instruments detected organic compounds, which would provide the building blocks for life as we know it. The rover also found veins of calcium sulfate — mineral deposits that appear to have been deposited by flowing water. Liquid water is another key ingredient for life.
Persons: we’ve, ” Nicola Fox
Southwest Airlines airplanes are serviced at their gates at Fort Lauderdale-Hollywood International Airport on May 18, 2024, in Fort Lauderdale, Florida. Shares of Southwest fell 4% in premarket trading Thursday. Revenue per available seat mile, a gauge of airline pricing power, fell 3.8%, roughly in line with Southwest's reduced forecast last month. Southwest reported adjusted per-share earnings of 58 cents a share, above analysts' expectations. The airline is in the middle of an overhaul as pressure mounts from investors to do more increase revenue.
Persons: Bob Jordan, Jordan Organizations: Southwest Airlines, Hollywood International Airport, Southwest, Boeing, Elliott Investment Management, Delta Air Lines, United Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, U.S
He believed Kurtz deserves credit for quickly engaging the media on Friday, apologizing, and promising solutions — even if social media users say the apology didn't come fast enough. The steps to take in a crisisGood crisis management can be boiled down to a few simple yet crucial steps, the two experts told BI. But as disruption from the CrowdStrike outage slowly lessens, many are still concerned by the in-built potential of technology-reliant systems crashing, bringing down all operations with them. Griffin said his company, which provides crisis management software, is now reviewing its plans and policies to prevent the kind of tech failure CrowdStrike experienced. "The bottom line is that crisis management is not a check the box; it is an evolution and requires continuous training, exercising, and learning to improve, especially as the nature of threats and types of incidents evolve."
Persons: , CrowdStrike, George Kurtz, Kurtz, Getty, Shawn Henry —, Sean Griffin, Griffin, Peer, it's Organizations: Service, Microsoft, Business, Windows, Madrid, Barajas, Europa Press, Disaster Tech
Read previewA Southwest Airlines flight that was diverted after a dangerously low descent was likely down to "pure human error," aviation experts said. A Southwest flight came dangerously close to the Courtney Campbell Causeway in Tampa. A dangerous patternIt's not the first time a Southwest flight has descended to a dangerously low altitude. In June the FAA said it was investigating a Southwest flight that dropped to 525 feet when it was 9 miles from landing in Oklahoma City. The FAA is also looking into another Southwest flight that descended to 400 feet above the ocean off the coast of Kauai, Hawaii, in April.
Persons: , Max, Richard Curran, Mark Stephens, Curran, Courtney Campbell, Sridip Kumar Mishra, Stephens, Nancy Allen, it's, Robert Katz, Katz Organizations: Service, Airlines, Boeing, Business, Air Traffic Control, TV, Fox, Aviation Administration, Aviation Management, City University of London, Delta Air Lines, aj Airbus, Tampa Bay Times, Tampa International Airport, FAA Locations: Columbus , Ohio, Tampa , Florida, Fort Lauderdale, Tampa, Tampa Bay, Oklahoma City, Kauai, Hawaii, Southwest
He told CNN he wasn’t notified of the minors program embargo. The couple flew to Atlanta, Georgia, from Spokane, Washington, on a Delta flight and encountered no issues, they told CNN. Travelers wait for their luggage at the Delta baggage claim at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Tuesday, July 23, 2024. “There should be some kind of compensation for this.”He told CNN the issues have cost him a significant amount of money. Bastian also told Delta passengers in a note on Sunday that the airline would “continue to offer meal vouchers, hotel accommodations and transportation where available.
Persons: CNN —, “ Delta, , Reed, wasn’t, Delta, He’s, Pete Buttigieg, Jeremy, Kaylee Jones, Lucia, ” Jones, Ed Bastian, Christian Monterrosa, Dylan Steele, Steele, , Arthur Ginolfi, I’ve, Ginolfi, Bastian, we’re Organizations: CNN, Delta, , LaGuardia, Delta Air Lines, Atlanta’s Hartsfield, Jackson International Airport, Hartsfield, Jackson Atlanta International, Bloomberg, Getty, Jackson Airport, Delta Airlines Locations: Delta, Atlanta, Charlotte, New, Orlando, New York, Florida, St, Atlanta , Georgia, Spokane , Washington, Delta’s, South Georgia, Washington, Jackson, Philadelphia, New Jersey
Southwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest changes to its business model in its 53 years of flying. The airline plans to start selling the first flights that will offer extra legroom next year, it said Thursday. When travelers choose a competitor over Southwest, the airline found in its research that its open seating model was the No. Rival carriers offer a host of options to upsell customers like extra legroom seats, premium economy or business class. Southwest will provide more details about the upcoming changes at an investor day at the end of September.
Persons: they'll, Bob Jordan, Jordan Organizations: Southwest, Southwest Airlines, Elliott Investment Management, Boeing, Federal Aviation Administration, Analysts Locations: Dallas, Delta, United
The situation finally appeared to be returning to normal Wednesday: Delta canceled only 51 flights as of 6 am ET, according to tracking service FlightAware, or only about 1% of its schedule. But it could still take days to get all Delta passengers who had been booked on those canceled flights to where they wanted to go. Delta passengers try to find their bags after canceled and delayed flights at Hartsfield-Jackson Atlanta International Airport on Monday. But it’s not like Delta executives were sitting on the sidelines during Southwest’s struggles thinking, “’Well we really are an amazing airline. Travelers wait in line at the Southwest Airlines ticketing counter at Nashville International Airport after the airline canceled thousands of flights in Nashville, Tennessee in December 2022.
Persons: New York CNN — It’s, Delta, Jessica McGowan, Kathleen Bangs, Ed Bastian, it’s, ’ ” Bangs, Seth Herald, We’ve, Chris Perry, Bangs, she’d, aren’t, Organizations: New, New York CNN, Delta Air Lines, Delta Connection, Delta, Department of Transportation, Hartsfield, Jackson Atlanta International Airport, CNN, , Southwest Airlines, Nashville International, Getty, Southwest Locations: New York, Atlanta, Southwest, Nashville , Tennessee, AFP
The issue on Friday involved a Rapid Response Content update with an undetected error. Rapid Response Content Testing and DeploymentRapid Response Content is delivered as content configuration updates to the Falcon sensor. This release followed all Sensor Content testing procedures outlined above in the Sensor Content section. Software Resiliency and TestingImprove Rapid Response Content testing by using testing types such as: Local developer testing Content update and rollback testing Stress testing, fuzzing and fault injection Stability testing Content interface testingAdd additional validation checks to the Content Validator for Rapid Response Content. Rapid Response Content DeploymentImplement a staggered deployment strategy for Rapid Response Content in which updates are gradually deployed to larger portions of the sensor base, starting with a canary deployment.
Persons: , CrowdStrike Organizations: Delta Air Lines, Windows, Linux, IPC
Third-party agents selling and supporting CrowdStrike software and the complicated repairs for customers have been a miserably busy bunch over the past week. CrowdStrike’s token of appreciation for those vendors: a $10 Uber Eats voucher. But a $10 Uber Eats voucher should make it all better, right? The ironic part is, at least where I’m located, I can’t even get a pizza for $10 on Uber Eats after taxes and fees. But the software giant has yet to dole out a nickel to them for their troubles — not even a $10 Uber Eats voucher.
Persons: CNN Business ’, There’s, Uber, Coke, cybercriminals, Brian Fung, Sean Lyngaas, CrowdStrike, hasn’t, Chris Isidore, Organizations: CNN Business, New York CNN Locations: New York
Meanwhile, Bastian traveled to Paris for the Olympics, accordingly, where Delta is a sponsor of the US Olympic Team. Ed remains fully engaged with senior operations leaders.”Delta Air Lines CEO Ed Bastian traveled to Paris Wednesday for the start of the Olympics later this week as the airline works to recover from a five-day service meltdown. Jeenah Moon/Bloomberg/Getty Images/FileBastian flew to Paris on a Delta commercial flight, not a private jet, the airline said. As the official airline of the US Olympic Team, the company is flying athletes, coaches and other support staff to Paris. “Unless you’re going to the Olympics, people aren’t going to Paris… very few are,” Bastian told CNBC.
Persons: Ed Bastian, Delta, Bastian, “ Ed, , Ed, CrowdStrike, Jessica McGowan, ” Bastian Organizations: New, New York CNN, Olympics, US Olympic, CNN, Delta Air, Paris Wednesday, Bloomberg, Getty, US Olympic Team, Olympic, Delta, Delta Air Lines, Hartsfield International Airport, CNBC, Locations: New York, Paris, Delta, Atlanta
Read previewI travel often — at least once a month — and I like having access to Delta Sky Clubs through my co-branded Delta credit card and Priority Pass, a membership that gets me into over 1,500 airport lounges worldwide. I enjoy using airport lounges because they're usually quieter and less crowded than waiting at the gate. As a frequent traveler, here are five things I never do in an airport lounge. Stuff my face like food is going out of styleMany airport lounges offer buffets. Using headphones is also a cardinal rule of airport lounges, although I see people streaming or FaceTime without them all the time.
Persons: , I've, they're, I'm, Jill Robbins Organizations: Service, Delta Sky Clubs, Business
CNN —Insurers have begun calculating the financial damage caused by last week’s devastating CrowdStrike software glitch that crashed computers, canceled flights and disrupted hospitals all around the globe — and the picture isn’t pretty. The estimates come the same day that CrowdStrike issued a preliminary report on how it inadvertently caused the widespread IT meltdown. Numerous Fortune 500 companies use CrowdStrike’s cybersecurity software to detect and block hacking threats. Only a small portion, around 10% to 20%, may be covered by cybersecurity insurance policies, Parametrix added. The company routinely tests its software updates before pushing them out to customers, CrowdStrike said in the report.
Persons: What’s, CrowdStrike, Parametrix, ” Fitch, , Asia “, ” CrowdStrike, , Sean Lyngaas Organizations: CNN, Fortune, Delta Air Lines, The Department of Transportation, Microsoft, Windows, United, Fitch, CrowdStrike Locations: Europe, Asia
Delta is still melting down. It could last all week
  + stars: | 2024-07-23 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
Frustrated passengers and crewsThe problems left tens of thousands of frustrated Delta customers stranded and unable to return home. Delta crew members are dealing with similar frustrations. Some Delta crew members also are unable to get hotel rooms and are sleeping at airports. This week, Delta remained in the dark about the whereabouts of its crew members. Delta also declined to comment on these offers to crew members.
Persons: Rahul Samant, ” Samant, Ed Bastian, , Ed, , Delta, Raymond James Organizations: New, New York CNN, Delta Air Lines, Endeavor Air, Delta Connection, Delta, IT, , CNN Locations: New York, Atlanta, Delta
Scott Darling and his wife drove their 17-year-old son, Asher, to the San Jose airport on Sunday morning and saw him off at the check-in counter. They were back in their car and pulling out of the airport when they got a frantic call: Delta Air Lines wouldn’t let Asher check in because he didn’t have a parent accompanying him on the flight. Darling said. Asher had flown by himself on several occasions, he said, and “we were never notified about this.”Delta has been the slowest U.S. airline to restore its operations, canceling over 1,000 flights each day from Friday to Monday. Another 400 had been canceled as of 7 a.m. on Tuesday, according to the flight tracking website FlightAware.
Persons: Scott Darling, Asher, ” Mr, Darling, Pete Buttigieg, Delta Organizations: San, Delta Air Lines, Microsoft Locations: San Jose
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wiz walks awayCloud security startup Wiz rejected a $23 billion acquisition offer from Google, opting instead to pursue an IPO. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Kamala Harris, Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Wiz, Hai Precision Industry —, Hong Organizations: New York Stock Exchange, CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Google, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, CSI, U.S Locations: New York City, U.S, Asia, Pacific, Taiwan
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And some weary, frustrated passengers were still trying to reconstruct travel plans or abandon them for compensation. Here’s what we know about what they’re entitled to and how passengers can make claims with the airline. What are Delta passengers entitled to? Delta lists a “right to a refund upon request” in a Monday afternoon update on what it’s doing to serve affected customers. Some passengers reported six-hour waits, and many affected passengers had trouble securing food and lodging over the weekend.
Persons: Pete Buttigieg, , ” Buttigieg, Buttigieg, , ” Delta, CNN’s Chris Isidore, Isabel Rosales, Amanda Musa Organizations: CNN, Delta Air Lines, Department of Transportation, Delta, of Transportation, Transportation, Delta’s, Atlanta’s Hartsfield, Jackson, , , USDOT, Baggage Service, Service, Command Locations: Delta, Atlanta
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