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Check out the companies making the biggest moves in premarket trading: Meme stocks -- GameStop soared 120%, adding to the 74.4% it gained Monday , after the man who fueled the 2021 GameStop frenzy "Roaring Kitty" posted online for the first time in about three years. Shares of AMC popped 106%, while Reddit and Robinhood added 4% and nearly 6%, respectively. Alibaba -- U.S.-listed shares shed nearly 5% after the Chinese e-commerce giant reported an 86% drop in profits for its fiscal fourth quarter . However, Alibaba beat revenue expectations, coming in at 221.9 billion Chinese yuan ($30.7 billion) versus the LSEG consensus estimate of 219.66 billion yuan. Sony -- U.S.-listed shares added 3% after the PlayStation maker reported quarterly revenue of 3.5 trillion yen, topping the 2.89 trillion yen, per LSEG.
Persons: Kitty, Robinhood, FactSet, , Jesse Pound, Alex Harring Organizations: GameStop, AMC, Home, LSEG, Revenue, Sony, PlayStation, Vodafone, Walmart, Wall Street Journal, United Airlines, Novo Nordisk
Read previewWhen it comes to scoring NIL deals, women college athletes are gaining on their male counterparts, according to a new report from the sports-and-entertainment intelligence platform SponsorUnited. The report showed that women college athletes get more brand deals on average than college men, although the men still make up the majority of NIL deals overall. He also said social-media engagement is overwhelmingly stronger among women college athletes compared with men. Related storiesHere are five key takeaways from the report:Women college athletes are getting more NIL dealsWhile men still made up 57% of NIL deals overall, women got more brand deals on average — 3.5 compared to 2.5 among men, SponsorUnited found. For example, he said college athletes on TikTok are leveraging brands better than professional athletes on the platform.
Persons: , Caitlin Clark, Angel Reese, Bob Lynch, Reese, Clark, Olivia Dunne, Lynch, SponsorUnited, it's, Alex Glover's, Brands, Brand, SponsorUnited Lynch, that's Organizations: Service, Business, Iowa Hawkeyes, LSU Tigers, LSU, Iowa, NCAA, ESPN, Gatorade, State, Nike, BI, Brands, Southern Methodist University Locations: SponsorUnited
Boeing’s problems just cost United $200 million
  + stars: | 2024-04-16 | by ( Chris Isidore | ) edition.cnn.com   time to read: +3 min
The company took a $200 million hit in the first quarter after the Boeing 737 Max 9 was grounded following the door plug incident aboard an Alaska Airlines flight. Boeing’s publicity woes and the grounding of the jets weren’t the only way that the airplane manufacturer hurt United. United now says it no longer expects the Boeing 737 Max 10, the latest and longest version of the Boeing 737, to be delivered this year. With questions about the quality and safety of Boeing jets, the certification has likely been pushed back to at least 2025. Of more concern to Boeing, United also said Tuesday that it has reached agreements with two lessors to lease 35 new Airbus A321neos, a 737 Max competitor.
Persons: Max, Scott Kirby, United Organizations: New, New York CNN — United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration, FAA, United, Airbus, Revenue Locations: New York, United
United Airlines on Tuesday cut its aircraft-delivery expectations for the year as it grapples with delays from Boeing , the latest airline to face growth challenges because of the plane-maker's safety crisis. "We've adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver," CEO Scott Kirby said in an earnings release. In January, United said it was taking Boeing's not-yet-certified Max 10 out of its fleet plan. The airline said it has converted some Max 10 planes for Max 9s. United is also facing a Federal Aviation Administration safety review, which has prevented some of its planned growth.
Persons: Scott Kirby, United, Boeing's, Max, Max 9s Organizations: Airlines, Boeing, Airbus A321neos, Max, Federal Aviation Administration, CNBC, FAA, Alaska Airlines, United, Revenue Locations: U.S, Newark , New Jersey, Faro, Portugal, Tokyo, Cebu, Philippines, Southwest
El Al plane is seen at the Ben Gurion International Airport in Tel Aviv on December 31, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Airspace closures through the Middle East grounded and diverted flights on Saturday as Iran launched drones toward Israel. United Airlines , which resumed service to Tel Aviv early last month after suspending Israel flights after the Hamas attacks in October, called off its Newark to Tel Aviv flight on Saturday after Israel closed its airspace. American Airlines has not resumed Israel service. Flight-tracking site Flightradar24 said multiple flights bound for Tel Aviv and Amman had diverted on Saturday.
Persons: Jakub Porzycki, Delta, Flightradar24 Organizations: El, Ben Gurion International, Getty, United Airlines, Israel, American Airlines, Washington Dulles International Locations: Tel Aviv, Iran, Israel, United, Newark, Jordan, Iraq, Jordanian, Amman
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. So in the meantime, the Condé Nast Union members have been assigned in recent weeks to a "centralized team" under Chris DiPresso, VP of content finance and operations. They were given assignments they were told were consistent with their skills, but not given firm deadlines or told what they were meant for. Condé Nast CEO Roger Lynch in November said the company would lay off 5% and shift focus to support short-form video, subscriptions, and e-commerce. Some believe the company is using the "rubber room" move to demoralize people and get them to leave the company on their own.
Persons: , Chris DiPresso, Slack, Delia Cai, Ina Garten, Cai, Condé, Roger Lynch, Bon, Condé Nast Organizations: Service, Vogue, Condé Nast Union, Business, New York, Washington Post, Disney, Warner Bros Locations: New York City, Hollywood
New York CNN —United Airlines is asking its pilots to take voluntary unpaid leave in May because of delays in Boeing deliveries, according to a memo sent by the union representing pilots. Because of the delivery delay, “our forecasted block hours for 2024 have been reduced and we are offering our pilots voluntary programs for the month of May to reduce excess staffing,” United Airlines said in a statement Monday. The Federal Aviation Administration is taking a closer look at United after a series of almost a dozen incidents at the airline, United said in a March memo. On March 15, a United Boeing 737-800 landed in Medford, Oregon, missing an external panel, though no passengers were injured. Boeing has been in the spotlight since the Alaska Airlines Boeing 737 Max 9 incident.
Persons: United, Scott Kirby, ” Kirby, Chris Isidore, Pete Muntean, Gregory Wallace Organizations: New, New York CNN — United Airlines, Boeing, ” United Airlines, Federal Aviation Administration, United, Airbus, Alaska Air, Max, American Airlines, Delta Air Lines, United Boeing, Alaska Airlines Boeing Locations: New York, Covid, Alaska, Medford , Oregon, United
United Airlines is asking its pilots to take time off in May because of delays in receiving new planes that the airline ordered from Boeing, which is struggling with production due to manufacturing problems. A United spokesperson said Monday that the offer is voluntary. Almost all of the shortfall consists of Boeing 737 Max planes, including a new, larger model. United CEO Scott Kirby is one of several airline executives who have called out problems at Boeing and sought a meeting with Boeing directors. Shares of Boeing Co. fell 2%, while United Airlines Holdings was up less than 1% in midday trading Monday.
Persons: Leslie Scott, United, Max, Scott Kirby, David Calhoun Organizations: Boeing, United, Max, Federal Aviation Administration, FAA, Alaska Airlines Max, Alaska Airlines, Boeing Co, United Airlines Holdings
Seven people were taken to hospital following a United Airlines flight on Friday. The flight from Tel Aviv to Newark experienced "severe turbulence." It was forced to land at New York Stewart International Airport due to a "passenger medical emergency." AdvertisementSeven people were taken to hospital after a United Airlines flight bound for Newark experienced "severe turbulence" on Friday, officials said. Business Insider has contacted United Airlines and the Federal Aviation Administration (FAA) for comment.
Persons: , United, Michael Bigg, Bigg, Max, Scott Kirby, Kirby Organizations: United Airlines, New York Stewart, Service, Newark, New York Stewart International, Federal Aviation Administration, CNN, Windsor Emergency Medical Service, New, New York International Airport, Newark Liberty International Airport, NBC News, FAA, CBS, Airlines, Alaska Airlines Locations: Tel Aviv, Newark, New, Windsor, New York, United, Israel, Gaza, San Francisco, Paris, Denver
[About 70% of investors now think a rate cut will occur in June, according to the CME FedWatch tool.] Goldman Sachs is currently predicting a 15% chance of recession over the next 12 months, down from 35% last year. Seeing that happen made us more confident that the Fed wouldn’t be forced to cause a recession in order to get inflation down. The reason we say 15% risk is because that is roughly the historical unconditional average. So a 15% recession rate is baseline for you, it will never go below that number?
Persons: Dow, Bell, David Mericle, Goldman Sachs, It’s, it’s, we’ve, I’m, Samantha Delouya, authority’s, ” United, Joe Biden Organizations: New, New York CNN, Federal Reserve, Dow Jones, Goldman Sachs ’, Bell, National Bureau of Economic, FAA, United, Federal Aviation Administration, United Airlines, United Boeing, , Federal Communications Commission, Program, Lawmakers, ACP, FCC Locations: New York, We’re, Medford , Oregon
“Due to recent safety events, the FAA is increasing oversight of United Airlines to ensure that it is complying with safety regulations; identifying hazards and mitigating risk; and effectively managing safety,” an FAA spokesperson said in a statement. The civil aviation authority’s stepped up oversight comes after a United Boeing 737-800 landed in Medford, Oregon, missing an external panel on March 15. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff and another trailed hydraulic fluid. The FAA did not specify what future projects may be delayed by its evaluation, but on Saturday, Bloomberg reported the agency is considering preventing United Airlines from adding new routes, curbing the airline’s growth. Last week, a LATAM Airlines Boeing plane flying from Sydney, Australia, to Auckland, New Zealand, suddenly plunged in midair, injuring some passengers as they were thrown to the cabin’s ceiling.
Persons: authority’s, ” United, , CNN’s Gregory Wallace, Chris Isidore, Pete Muntean Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, United Boeing, Boeing, Bloomberg, United, , Alaska Airlines Boeing, Max, LATAM Airlines Boeing Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand
United Airlines now allows frequent flyers to pool miles in a joint account. Miles pooled into the joint account can't be transferred back to individual accounts. AdvertisementUnited Airlines now allows frequent flyers to pool miles with four other people in a joint account, the airline said in a press release on Thursday. In November 2018, JetBlue announced it was allowing up to seven members of its TruBlue loyalty program to pool miles. In January, Frontier launched its "Family Pooling" program for up to eight members of its Frontier Miles loyalty program to pool miles.
Persons: Miles, , United, Luc Bondar, United's Organizations: Airlines, JetBlue, Frontier, Service, United Airlines, CNBC, United, Business
CNN —The Federal Aviation Administration will take a closer look at safety at United Airlines after a string of nearly a dozen incidents this month, the airline said in a memo Friday. While no passengers were injured, the incident was just one in a line of recent mishaps on United flights – all involving Boeing jets. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff, and yet another trailed hydraulic fluid. In a statement, the FAA said its “safety assurance system routinely monitors all aspects of an airline’s operation. Still, United Airlines CEO Scott Kirby has said he would look into the possibility of buying more jets from Airbus, Boeing’s European competitor.
Persons: ” United, Scott Kirby, Pete Muntean, Chris Isidore Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, , United Boeing, Boeing, Alaska Airlines Boeing, Max, LATAM Airlines, National Transportation, Safety, Alaska Air, Airbus, Boeing’s Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand
Overall, actively managed mutual funds and exchange-traded funds fell short of passive funds, with 47% of active strategies surviving and beating their index-following peers, according to Morningstar. However, actively managed funds outperformed in the bond category. About 53% of active bond managers survived and beat the passive average in 2023, up from 30% in 2022, the research firm said in a recent report . Intermediate core bond funds largely invest in investment-grade debt, spanning from government issues to corporates. Core bond funds have also held up in recessions, thanks to their diversification across fixed income and duration.
Persons: Morningstar, Paul Olmsted, Olmsted, Olmstead, It's Organizations: Morningstar, Vanguard, Bond Market, Aggregate Bond, Intermediate Bond Fund
The owner of Sports Illustrated said it had chosen a new company to publish the magazine, a deal that could settle some of the recent friction at the storied publication and continue the print edition. Authentic Brands Group, which owns the intellectual property rights to Sports Illustrated as well as to celebrities like Marilyn Monroe and Muhammad Ali, said it had struck a long-term deal to license Sports Illustrated’s publishing rights to Minute Media, a digital-media company focused on sports. Minute Media’s license with Sports Illustrated will stretch for 10 years with an option to extend for up to 30 years total, into the magazine’s centenary. The companies declined to disclose financial terms but said that Authentic Brands Group was taking a stake in Minute Media as part of the deal. The deal is a significant expansion for Minute Media, a New York-based company founded in 2011 whose holdings — which include the sports websites The Players’ Tribune and Fansided — generate more than $400 million in revenue annually.
Persons: Marilyn Monroe, Muhammad Ali Organizations: Sports Illustrated, Authentic Brands, Sports, Minute Media, Authentic, Media, ’ Tribune, Fansided Locations: New York
A United Airlines plane that departed Friday from San Francisco International Airport was missing an external panel when it landed at its destination in Medford, Oregon. United released the following statement:"This afternoon, United flight 433 landed safely at its scheduled destination at Rogue Valley International/Medford Airport. The incident involving United Airlines flight 433 is the latest in a string of recent mechanical problems on United airplanes. 7, a Japan-bound United flight out of SFO was diverted to Los Angeles after a wheel fell off during takeoff. 8, a United flight to Mexico City from SFO was diverted to LAX because of a hydraulics issue.
Persons: We'll, United Organizations: United Airlines, San Francisco International, Rogue, Medford Airport, Boeing, Fort Worth International, United Airbus, SFO, Mar, LAX, San Locations: Medford , Oregon, United, Medford, Dallas, Japan, Los Angeles, Mar, Houston, Mexico City, Sydney, Australia, San Francisco
CNN —Three Rapid Vienna soccer players were not selected for national team duty after video emerged of them taking part in post-match celebrations shouting homophobic chants with a selection of the crowd. Guido Burgstaller, Marco Grüll and Niklas Hedl were seen, among others, chanting after the club defeated rivals Austria Vienna on February 25. Austria’s men’s national team manager Ralf Rangnick said he left the trio out for the upcoming fixtures against Slovakia and Turkey after he and the coaching staff watched videos of the incident. The deciding factor is what the behavior looks like.”Austria manager Ralf Rangnick has not selected the three players from the most recent national team squad. Christian Hofer/Getty ImagesBurgstaller, Rapid Vienna’s club captain, issued an apology online for the “absolute misconduct.”“We bear full responsibility for what happened and deeply regret this action.
Persons: Guido Burgstaller, Marco Grüll, Niklas Hedl, Austria’s, Ralf Rangnick, Rangnick, , they’ve, ” Rangnick, it’s, Christian Hofer, Grüll, , ” Grüll, Thorsten Schick, Maximilian Hofmann, Steffen Hofmann, Stefan Kulovits Organizations: CNN, Rapid Vienna, Austria Vienna, Manchester United, Rapid Vienna’s, SK Rapid, Austrian Football League Locations: Slovakia, Turkey, Austria
U.S. Commerce Secretary Gina Raimondo speaks during a Senate hearing in Washington, D.C., on May 16, 2023. American companies are set to announce investments amounting to more than $1 billion in the Philippines, U.S. Commerce Secretary Gina Raimondo said during an official visit to Manila on Monday. Raimondo is heading a two-day trade and investment mission, the first of its kind for the Philippines. The delegation includes executives from 22 companies including United Airlines , Alphabet's Google , Visa , KKR Asia Pacific, and Microsoft . United said last week it would launch new flights from Tokyo-Narita to Cebu, Philippines starting July 31.
Persons: Gina Raimondo, Raimondo, United, Joe Biden, Ferdinand Marcos Jr Organizations: Commerce, Washington , D.C, U.S . Commerce, United Airlines, Google, Visa, KKR Asia Pacific, Microsoft, U.S, Philippine Locations: Washington ,, Philippines, U.S, Manila, Tokyo, Narita, Cebu, China, South, Taiwan
CNN —A United Airlines flight from San Francisco to Mexico City was diverted to Los Angeles Friday after an issue with the plane’s hydraulic system, the airline said. It was the carrier’s fourth emergency in a week, including a tire falling off one flight and an engine catching fire on another. The Airbus 320, carrying 105 passengers and five crew members, landed safely and everyone disembarked at a gate, according to United and the Federal Aviation Administration. Customers were flown to Mexico City International Airport on a different aircraft, according to the airline. The Airbus 320 is equipped with three hydraulic systems for “redundancy purposes” and preliminary information showed the issue affected only one of those systems, according to United.
Persons: CNN Friday’s, ” United, , CNN’s Ray Sanchez Organizations: CNN, United Airlines, Los Angeles, Airbus, Federal Aviation Administration, Customers, Mexico City International, FAA, . United Airlines, NTSB Locations: San Francisco, Mexico City, Los, Mexico
CNN —The Federal Aviation Administration is investigating a United Airlines flight that lost a tire while taking off from San Francisco International Airport, damaging several cars in a parking lot before the plane safely landed at Los Angeles International Airport, the agency said. United Airlines confirmed the plane lost one tire after takeoff. United flight 35, with 249 passengers and crew onboard, was diverted to Los Angeles and landed shortly after 1:20 p.m., the airline told CNN. A United Airlines flight loses a tire while taking off from San Francisco International Airport. The San Francisco International Airport’s runway was briefly closed to clear debris but has since reopened, and there was no further impact to airport operations, Yakel said.
Persons: San Francisco airport’s, Doug Yakel, Yakel, Salvador Gonzalez, LiveATC.net, CNN’s Sharif Paget Organizations: CNN, Federal Aviation Administration, United Airlines, San Francisco International Airport, Los Angeles International Airport, San, American Airlines, Boeing, San Francisco International Locations: Osaka, Japan, Los Angeles, Cali
I've seen this misunderstood version of "gentle parenting" in action many times. Nuanced parenting is parenting between extremesThis conception of gentle parenting isn't working — for parents or for anyone else. Here are a few things I learned from teaching that I've applied as a parent who believes in gentle parenting. Establishing a warm, genuine relationship is the foundation of good teaching, and therefore, of good parenting. The point is, it doesn't have to be either "gentle parenting or discipline," because proper gentle parenting includes discipline and holding children to a certain standard of behavior in a kind, respectful manner.
Persons: , I've, you've, you'll Organizations: Service
CNN —Boeing is now party to a new federal investigation involving a 737 Max after United Airlines pilots reported that part of the flight controls became jammed as they landed in Newark last month. The investigation is the latest to involve a nearly-new Boeing 737 Max aircraft following the door plug blowout on an Alaska Airlines 737 Max 9 on January 5. The NTSB says in this latest incident, the 737 Max 8 was delivered from Boeing to United Airlines in February 2023. We’ll continue to work with Boeing, the NTSB and the FAA on next steps for these aircraft,” United said in a statement. “We worked closely with United Airlines to diagnose the rudder response issue,” Boeing said in a statement.
Persons: , , Max, We’ll, ” United, Organizations: CNN, Boeing, Max, United Airlines, National Transportation Safety, NTSB, Alaska Airlines, Collins Aerospace, FAA, , ” Boeing, United Locations: Newark, United
Warner Bros. CNN is also owned by Warner Bros. Under New Zealand law, a proposed restructure or redundancies must be consulted on before a final decision can be announced. Put simply, the economic headwinds means the returns are not there,” said Glen Kyne, a senior vice president, at Warner Bros. Warner Bros.
Persons: , Glen Kyne, Newshub, ” Kyne Organizations: Wellington, Warner Bros, CNN, Warner Bros ., New, TVNZ, , Discovery Locations: New Zealand, Australia
A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023. The wage increases are a sign of good faith from Starbucks toward Workers United, an affiliate of the Service Employees International Union that has organized more than 300 company-owned Starbucks locations. Starbucks and Workers United said they have agreed to start discussions "on a foundational framework" on how to reach collective bargaining agreements for stores. The announcement marks the most noticeable thawing in the two parties' relationship since the first Starbucks location unionized in December 2021. Starbucks also said Tuesday that it would provide unionized cafes with credit card tipping, a benefit that has been available in nonunion stores for more than a year.
Persons: Howard Schultz, Laxman Narasimhan Organizations: Starbucks Workers, D.C, Workers United, Service Employees International Union, Workers, Starbucks, CNBC PRO Locations: Dupont Circle, Washington
United Airlines is raising the price to check bags, becoming the latest carrier this year to hike a fee that generated more than $5 billion for airlines in the first nine months of 2023 alone. A second checked bag will cost $50 at the airport, or $45 in advance, up $5 for both options. Earlier this week, American Airlines raised its fee to check a first bag on domestic flights to $35 if purchased in advance and $40 at the airport. A second checked bag will go up from $40 to $45. JetBlue and Alaska Airlines have also raised bag fees this year.
Persons: United Organizations: Airlines, American Airlines, JetBlue, Alaska Airlines, CNBC PRO Locations: North America
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