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The Biden Administration has proposed a rule banning airlines from charging families to sit together. The proposal aims to ensure that parents and caregivers can sit next to young children at no extra cost. Fees to sit together can cost up to $200 per trip, a release form the Department of Transport says. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Biden Administration proposed a new rule on Thursday that would ban airlines from requiring families to pay extra money to sit next to each other.
Persons: Organizations: Biden Administration, of Transport, Service, Department of Transport, Business
With nearly three-fourths of the S & P 500 reporting second-quarter results, the earnings picture for the back half of the year is looking unusually complicated. It's been a 'meh' quarter so far We have the usual beat on bottom-line earnings, but revenue beats are below expectations. Most companies are beating on earnings estimates but are declining to hike full-year guidance beyond the beat. Plenty of complaints about a slowing China consumer A weak China economy has been a significant headwind for a number of global companies this season. Procter & Gamble's China sales tumbled 8% from a year ago as consumer spending slowed.
Persons: It's, Sherwin, Williams, Lockheed Martin, Chipotle, Isaac, CDW, Clorox, – Hershey, Kraft Heinz, Mondelez, General Mills, Smucker, McDonald's, Wendy's, Bob, Wyndham, Mills, Marriott, LVMH, haven't Organizations: GE Aerospace, Hasbro, Lockheed, Verizon, Mattel, IBM, Juniper Networks, Enphase Energy, NXP Semiconductors, Accenture, Oracle, Procter, Gamble, PepsiCo, ConAgra Brands, Bank of America, MGM Resorts, Comcast, Marriott, Airlines, Allegiant, Ryanair, Gamble's, Starbucks, Visa, Nike, Vegas Sands Locations: J.M, Atlantic City, China, Gamble's China, Greater China, Japan, Macao, Marina, Sands, Singapore
Global Jets ETF , whose largest holdings are Southwest Airlines , United Airlines , American Airlines and Delta Air , is off 7.5% just since the end of June. GE Aerospace GE Aerospace is a pure play on the rise of global air travel, according to John Belton, portfolio manager at Gabelli Funds. Just about all 18 analysts polled by LSEG consider GE Aerospace a buy, with five rating it a strong buy. Central to the investment thesis for GE Aerospace is its market leadership. "The air travel industry is a growth industry," Galluccio said.
Persons: Richard Branson, John Belton, Belton, Nicholas Galluccio, Galluccio, Morningstar, that's, Tony Bancroft, Bancroft, there's, wanderlust Organizations: Virgin Group, U.S . Global Jets ETF, Southwest Airlines, United Airlines, American Airlines, Delta Air, Transportation, Boeing, Airbus, Gabelli, International Air Transport Association, AAR Corp, Teton Advisors, Westwood, Equity, GE Aerospace GE Aerospace, Gabelli Funds, New York Stock Exchange, General Electric, GE Aerospace, LSEG, GE, Airlines, Morningstar, Growth, Max, Federal Aviation Administration, Aerospace & Defense ETF, Heico Corporation, Triumph, TransDigm Locations: U.S, Eastern Europe
It said it was a safety measure in response to increased turbulence to prevent burn accidents. AdvertisementKorean Air is changing its in-flight snack service due to increased turbulence. Instant noodles will no longer be an option for economy passengers from August 15, a spokesperson told Business Insider. "This decision is part of proactive safety measures in response to increased turbulence, aimed at preventing burn accidents," the airline said in a statement. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business
Best Credit Cards for Excellent Credit of August 2024Compare the Top Credit Cards for Excellent CreditBest mid-tier travel card Chase Sapphire Preferred® Card Apply now lock icon An icon in the shape of lock. Best Credit Cards for Excellent Credit ReviewsConsumers with excellent credit have a lot of options when it comes to credit cards. The Bank of America® Premium Rewards® credit card isn't flashy, but it offers unique long-term value for those who prefer cash back credit card rewards and have a broader banking relationship with Bank of America. The Capital One Venture X Rewards Credit Card is Capital One's entry into the premium credit card market. Credit Cards for Excellent Credit Frequently Asked QuestionsWhat is the best credit card to get with an 800 credit score?
Persons: Read, Merrill, Miles you've, Miles you’ve, Miles, There’s, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Chase, Cardholders, cardholders, you've, you'll, You'll, It's, Peter Rothbart, he's, Peter, Angela Fung Organizations: FICO's, Chase Travel, Chase, Sapphire, Hotel, FDIC, Bank of America, Bank of America's, of America, Bank of America Travel Center, TSA, Travel Insurance, Discover's, Discover . Discover, Capital, One, Premier, Express, American Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Global, Saks Fifth, Saks Fifth Avenue, Business, Finance, TSA PreCheck, PreCheck, Resorts Locations: Hulu, Wells, Seattle , Washington, Vegas, Pacific
Finance, health care and other regulated industries should consider their specific needs and tailor their defenses with military-grade components, he added. The implementation of military-grade cybersecurity is not without challenges. In 2024, regulated industries have witnessed a significant increase in both the number and cost of data breaches. Frederic Rivain, chief technology officer of Dashlane, holds a contrarian view on the need for military-grade defenses. "Multifactor authentication is important, and you must have it, but you still need to have multiple layers," Two Bears said.
Persons: CrowdStrike, Javad Abed, Abed, shouldn't, Cole, Didi, National Intelligence Avril Haines, Gen, Gary Orenstein, Orenstein, doesn't, Frederic Rivain, Rivain Organizations: Johns Hopkins Carey Business School, Delta Air Lines, Finance, IBM, Ponemon Institute, Bears, Amazon, Data, Verizon, National Intelligence, Employees Locations: ThinkGard, U.S, China, America
Here are the top stocks to own right now, according to UBS
  + stars: | 2024-08-02 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
A handful of stocks may be due for some gains, even as the market sells off. The firm added three new names to the list from the industrials and materials sectors, including Freeport-McMoRan and Norfolk Southern . UBS said Air Products is at "the forefront of the energy transition," citing the progress it is making on large "blue" and "green" hydrogen projects. Meta is trading at a multiple of 23 times earnings on a forward price-to-earnings basis, per FactSet, and UBS sees shares as attractively valued. "The company should benefit from healthy user engagement, improving monetization of Reels, and longer-term monetization of Instagram and WhatsApp offer longer-term opportunities."
Persons: Russell, Nathaniel Gabriel, Gabriel, Robert " Kelly, Ortberg, Meta Organizations: Dow Jones, UBS, Norfolk, Air Products, Chemicals, Air, Boeing, Alaska Airlines Boeing, Max, DOJ Locations: Freeport, McMoRan
I traveled to a bunch of European countries, including France. Kayleigh DonahueI've always heard about Europeans traveling to multiple different countries each year, but I never understood how they were able to afford it. But once I moved to Ireland, I had access to several budget-friendly airlines and was able to do it myself. Airlines like Ryanair, Transavia, Vueling, and easyJet offered flights to other European countries at prices that worked for my budget. Sometimes, my friends and I could even find flights to countries like Italy for only 20 euros.
Persons: Kayleigh Donahue I've, easyJet, I'd Organizations: Airlines, Ryanair Locations: France, Ireland, Italy, Portugal, Spain, Denmark, Netherlands, Greece
Williams's research doesn't bode well for the world's armrest-clutchers. That means more clear-air turbulence — the kind that's not associated with storms or mountains, and can sneak up on pilots. Natural Environment Research Council (NERC)His research group found that, by 2020, severe clear-air turbulence in the North Atlantic had increased 55% over 1979 levels. AdvertisementOther adaptations might balance out the climate-driven turbulence surge, like better forecasting and new lidar technology that could use to lasers to show pilots upcoming clear-air turbulence. If airlines keep innovating, more turbulence in the atmosphere doesn't have to mean more turbulence on your flight.
Persons: , Paul Williams, Williams, doesn't bode, He's, It's, Taylor Rains, unbuckled, you'll Organizations: Service, University of Reading, Business, Environment Research Council, Atlantic Locations: Dominican Republic
Right now, domestic airlines treat traveling families differently. A handful, such as JetBlue Airways, American Airlines and Alaska Airlines, guarantee that parents can sit next to their children. But on the others, parents are left to pay for more expensive assigned seats or to bank on the good will of strangers. President Biden even called on Congress to pass legislation targeting fees for families to sit together. “Many airlines still don’t guarantee family seating, which means parents wonder if they’ll have to pay extra just to be seated with their young child,” Mr. Buttigieg said in a statement.
Persons: Joe Biden, Pete Buttigieg, Biden, ” Mr, Buttigieg, Organizations: JetBlue Airways, American Airlines, Alaska Airlines, Transportation, Transportation Department
CNN —Airlines would no longer be allowed to charge parents extra fees for their kids to be seated next to them under a new rule proposed by the Biden administration. White House officials say their “fee-free family seating” proposal could potentially save parents up to $200 per round trip flight. Today’s ban on family seating fees could save a family of four as much as $200 per round trip. “We’ll cap service fees on tickets to concerts and sporting events and make companies disclose all fees upfront. And we’ll prohibit airlines from charging up to $50 roundtrip for families just to sit together,” Biden said in 2023.
Persons: Biden, Pete Buttigieg, Buttigieg, Lael Brainard, , Joe Biden, Kamala Harris, Kevin McCarthy, Andrew Caballero, Reynolds, ” Biden Organizations: CNN — Airlines, White, National Economic, Chamber, U.S, Capitol, Getty, , Frontier, JetBlue, Department of Transportation’s, Airlines, America Locations: Washington ,, AFP, Alaska, American
Read previewBoeing's incoming CEO, Kelly Ortberg, is already signaling his intent to get the planemaker back on track. Later that month, The Seattle Times reported that Boeing's board shut down a shareholder's bid to move its headquarters back to Seattle. Outgoing CEO Dave Calhoun last year faced criticism from employees after commuting to Boeing's HQ by private jet, The Wall Street Journal reported. Airline bosses like Emirates' Tim Clark had called on Boeing to appoint a new CEO with an engineering background. Boeing's incoming CEO, Kelly Ortberg, is an aerospace veteran.
Persons: , Kelly Ortberg, Ortberg, It's, Rockwell Collins, Max, Lindsey Wasson, Maria Cantwell, Dave Calhoun, Calhoun, Tim Clark, we've, Nicolas Owens, Owens, Bob Clifford, preventively Organizations: Service, Seattle Times, Boeing, Reuters, Business, Alaska Airlines, Federal Aviation Administration, REUTERS, Commerce, Science, Transportation, Street Journal, Morningstar Locations: Seattle, Chicago, Virginia, Washington, South Carolina, Renton , Washington, Emirates, Blackstone
Rate cut on horizonThe Federal Reserve expectedly kept its benchmark rate steady at 5.25% to 5.50% on Wednesday, but Chairman Jerome Powell signaled the U.S. central bank could cut the rate in its September meeting. U.S. stocks rallyU.S. stocks jumped after Powell said a rate cut in September was "on the table." Oil gainsU.S. crude oil futures rose 4% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran. Asian stocks mixedAsian markets were mixed on Thursday with Japan stocks tumbling while Australia's S&P/ASX 200 touched a new all-time high. [PRO] Rate cut beneficiariesCNBC Pro screened for stocks in the S&P 500 that tend to rise the most when short-term rates start to decline.
Persons: expectedly, Jerome Powell, Powell, Ismail Haniyeh, Israel, Oil Organizations: New York Stock Exchange, Wall, CNBC, Nasdaq, Dow Jones, Nvidia, Devices, Boeing, Treasury, Facebook, Google, Meta, Oil, West Texas Intermediate, Nikkei, Developers, Bank of, Singapore Airlines, U.S Locations: New York City, U.S, Tehran, Iran, Israel, Beirut, Japan, Shanghai
Read previewShoppers are slowing down spending on everything from burgers to dishwashers, and that's bad news for a growing number of companies. While inflation has since cooled, Americans are still stuck with higher prices for many of the things they buy. Shoppers are slowing down food spending — even at grocery storesThe spending slowdown has hit restaurant chains, which have launched new deals to get customers in the door. Over the past two years, income growth has helped consumer spending beat expectations, Jefferies analyst Corey Tarlowe said in a note on Monday. One bright spot in consumer spending: Cruises, which are seeing record demand.
Persons: , McDonald's, Burger, Taco, Jefferies, ETIENNE LAURENT, Laxman Narasimhan, It's, Dirk Van de, Van de, Andrew M, Watterson, Michael Liersch, Wells, Corey Tarlowe, Horacio Villalobos, dreuter@businessinsider.com Organizations: Service, PepsiCo, UPS, Business, Shoppers, Burger King, Taco Bell, Starbucks, Getty, Walmart, Bureau of Labor Statistics, Unilever, Whirlpool, Airlines, Jefferies, Costco Locations: Pellegrino, North America
Terrell Davis said he was handcuffed and removed from a United Airlines flight and barred from flying. United apologized, rescinded the ban, and said the flight attendant is no longer employed by the airline. AdvertisementA United flight attendant involved in an incident with NFL Hall of Famer Terrell Davis is no longer employed by the airline, it confirmed to Business Insider Wednesday. Earlier in July, Davis said in an Instagram post that he was handcuffed and removed from a flight to California on July 13. This story is available exclusively to Business Insider subscribers.
Persons: Terrell Davis, Davis, , NFL Hall of Famer Terrell Davis Organizations: United Airlines, Service, NFL Hall of Famer, Business Locations: California
New York CNN —The CEO of Delta Air Lines lashed out at cyber security firm CrowdStrike and software provider Microsoft for the computer problems that resulted in a five-day service meltdown he said cost the airline $500 million. Free consulting advice to help us,” said Ed Bastian in an interview Wednesday on CNBC, when asked about how much compensation CrowdStrike and Microsoft have offered the company. And he blasted CrowdStrike for the flawed software update at Delta and hundreds of other companies around the globe that caused widespread computer outages on July 19. “If you’re going to have priority access to the Delta ecosystem in terms of technology, you’ve got to test this stuff,” Bastian said. Delta is a sponsor and the official airline of the US Olympic team, and CNBC’s NBC parent has the US broadcast rights to the games.
Persons: , Ed Bastian, CrowdStrike, you’ve, ” Bastian, David Boies, , Bastian Organizations: New, New York CNN, Delta Air Lines, Microsoft, CNBC, Delta, CNN, US Olympic, NBC Locations: New York, Paris
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Bastian said that he sees 'strong demand' for flights carrying into 2023. Delta Air Lines CEO Ed Bastian said the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million. The airline canceled more than 4,000 flights in the wake of the outage, which was caused by a botched CrowdStrike software update and took thousands of Microsoft systems around the world offline. Other airlines recovered faster, and Delta's cascading disruptions and customer response sparked an investigation by the U.S. Department of Transportation.
Persons: Ed Bastian, Bastian, CNBC's Organizations: Delta Air Lines Inc, Delta Air, Microsoft, U.S . Department of Transportation Locations: New York, Paris
Trump is sparking steep losses in areas of the market he's targeted, a group of researchers said. Researchers pointed to Trump's many "tantrums" against certain companies and sectors, which sparked sell-offs. AdvertisementThe market is in the midst of another "Trump Dump," a phenomenon where stocks see deep losses when the presidential hopeful targets them, according a group of researchers. Advertisement"As bad as turbulence has been, a second Trump term promises to be even more perilous for the stock market," they added, pointing to the potential consequences of Trump's economic policies. Other economists have criticized Trump's economic agenda.
Persons: Trump, , Jeffrey Sonnenfeld, Whitney Tilson, Steven Tian —, Davidson, Powell, Donald Trump, Harris, Joseph Stiglitz Organizations: Service, Bloomberg, Taiwan Semiconductor, Nasdaq, Clean Energy, Harley, Delta Airlines, Biden, Trump Locations: Taiwan, Trump's
Washington, D.C., Attorney General Brian Schwalb sued the online ticket exchange platform StubHub on Wednesday, alleging deceptive and unfair pricing. The lawsuit claims StubHub uses deceptive advertising of low ticket prices to lure consumers who pay vastly more after an arduous checkout process. "This is no accident — StubHub intentionally hides the true price to boost profits at its customers' expense," Schwalb said in a statement. In its lawsuit, the attorney general's office said that from 2014 to 2015, StubHub used "all-in pricing," in which the advertised price included mandatory fees. The complaint alleged that StubHub did a testing period where it randomly assigned consumers to one of the two models.
Persons: Brian Schwalb, Schwalb, StubHub, Eric Baker, Viagogo Organizations: San Francisco . Washington , D.C, Labor, of Columbia, Washington , D.C, eBay Locations: San Francisco . Washington ,, Washington ,
A logo is seen on the Boeing stand on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024. Boeing is set to report results before the market opens on Wednesday. Analysts are expecting another loss and lower revenue for the aircraft manufacturer that continues to struggle with the fallout from its safety and manufacturing crises. CFO Brian West warned in May that the company would likely burn another roughly $4 billion in the second quarter, similar to the first, largely due to lower production and delivery rates than expected. Boeing was producing its best-selling Max planes a pace in the mid-20s per month in the last few months, far from its target of 38 a month.
Persons: Max, Brian West Organizations: Boeing, Airbus Locations: London
It is a question based on recent market behavior, corporate profit reports and prospective economic policy changes at home and abroad. It suggests that declining inflation and economic weakness may well be in our future. Recent U.S. economic data has been unexpectedly steady, with recent growth pegged at an annual rate of 2.8% in the second quarter. Unemployment data flashes a warning sign The unemployment rate remains low at 4.1% as of June, but it has risen from 3.7% back in January . Some economists argue that an increase of half a percentage point in the unemployment rate, off the lows, is a precursor to a recession.
Persons: you've, Ron Insana Organizations: Treasury, Federal Reserve Bank of New, Procter, Gamble, Federal Reserve, Clearwater, CNBC Locations: Clearwater, Japan, Switzerland, Venezuela, U.S
Read previewThe last thing airline passengers want or expect is for a pilot to have a medical emergency during a flight. Medical emergencies are planned forKent Davis spent over 30 years as a pilot for commercial airlines and private clients. He said he made an emergency landing in Ottawa, while the flight attendants on board cared for the pilot. In August, a LATAM Airlines pilot on a three-person crew had a medical emergency during a flight from Miami, Florida, to Santiago, Chile. He received medical attention after the plane made an emergency landing in Panama, but was later declared dead.
Persons: , Kent Davis, Mark Stephens, it's, Davis, Stephens Organizations: Service, Business, US, Trans Global Aviation Solutions, China News Service, Airbus, LATAM Airlines, NBC Locations: London, Lisbon, Montreal, Toronto, Ottawa, Miami , Florida, Santiago, Chile, Panama, Piper
The information for the following product(s) has been collected independently by Business Insider: Alaska Airlines Visa Signature® credit card, Alaska Airlines Business Credit Card, Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bold® Credit Card, Marriott Bonvoy Bountiful™ Card. How to earn Alaska Airlines milesThere are two types of Alaska miles: Elite-qualifying miles and redeemable miles. Earn Alaska miles for car rentalsYou can opt-in to earn Alaska miles when you rent cars through Alamo, Avis, Budget, Dollar, Hertz, National, or Thrifty. Alaska Airlines Mileage Plan is a highly lucrative frequent flyer program even if you never actually fly on Alaska Airlines. Redeem Alaska miles for flights on partner airlinesUsing Alaska Airlines miles for award flights on partner airlines is perhaps the best way to use your Alaska miles.
Persons: Insider's, Merrill, You'll, you'll, Bilt, Marriott, Regis, Chase, we've, Alaska Miles, Finance Insider's, Read, it's, Miles, , Harlan Vaughn Harlan Vaughn, he’s, Harlan, Joseph Hostetler, Joseph, Guy Organizations: Business Insider, Alaska Airlines, Alaska Airlines Business Credit, Marriott, Oneworld, American Airlines, Alaska, of America, Bank of America, Bank of America Alaska Airlines, Alaska Airlines Visa, Bank of America Alaska Airlines Visa Business, Card Alaska Airlines Business, Alaska Airlines Business, Alaska Airlines Lounge, Alaska Airlines You'll, British Airways, Cathay, Qantas, Aer Lingus, Singapore Airlines, Aer Lingus Air Tahiti Nui, Airlines * British Airways, Condor, Al Fiji Airways, Japan Airlines, Air LATAM Airlines Malaysia Airlines, Mokulele, Southern Airways Express Qantas, Alaska Royal Air Maroc, Singapore Airlines Sri, Oneworld Connect, Marriott Bonvoy, Ritz, Carlton, TSA, Global, TSA PreCheck, American Express, Cell, New Hampshire Insurance Company, AIG Company, American, Navy, Hertz, Wine, Alaska Miles Worth ? Alaska Airlines, Finance, Fiji Airways, Emirates, Cathay Pacific, Nonprofit, Dream, Foundation, Nature Conservancy Locations: Alaska, Hawaii, Cathay Pacific, Emirates, Hainan, Iberia, Qatar, Royal Jordanian, Singapore, Marriott Bonvoy, IHG, Marriott, Alamo, Avis, Thrifty, Alaska Miles Worth ?, U.S, Australia, Fiji, East, Africa, Hong Kong, Dubai, Doha, Canada, Europe, Cathay, Asia, Dallas , Texas
Wells Fargo Autograph Journey Card OverviewThe Wells Fargo Autograph Journey℠ Card is a true travel credit card, with benefits that rival many of the best credit cards currently on the market. Wells Fargo Autograph Journey Card Fees and APRAnnual FeeThe Wells Fargo Autograph Journey℠ Card has a $95 annual fee, on par with many popular rewards cards. Wells Fargo Autograph Journey℠ Card Transfer PartnersWells Fargo's Autograph Rewards transfer program launched in April 2024, with the following airline and hotel partners:HotelsChoice Privileges®AirlinesAerClubAir France-KLM Flying Blueavianca lifemilesBritish Airways Executive ClubIberia PlusPoints Transfer is available for all Wells Fargo credit cards that earn Wells Fargo points, including the current Wells Fargo Autograph℠ Card and the new Wells Fargo Autograph Journey℠ Card. Wells Fargo Autograph℠ Card vs. Wells Fargo Autograph Journey℠ CardThe Wells Fargo Autograph℠ Card is the newly demoted "little brother" of the Wells Fargo Autograph Journey℠ Card. The Wells Fargo Autograph℠ Card earns 3x on restaurant purchases, which mirrors the earning rate of the Autograph Journey℠ Card.
Persons: Wells, Wells Fargo's, Wells Fargo, Cardholders, cardholders, you'll, You'll, lifemiles Organizations: Chase, Insurance, Capital, Rental Insurance, Airlines, Air France, KLM, British Airways Executive Club Iberia, Wells Fargo, Wells, Card, British Airways Executive Club, Journey, Business Locations: Wells Fargo, airfare, There's, New York, U.S, Air, Iberia
Industry veteran Kelly Ortberg will be the new CEO of Boeing. He faces a tough task to get the planemaker back on track after the Alaska Airlines blowout. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing announced that its new CEO will be Kelly Ortberg, the former boss of avionics firm Rockwell Collins. This story is available exclusively to Business Insider subscribers.
Persons: Kelly Ortberg, , Rockwell Collins, Ortberg, Dave Calhoun, Steve Mollenkopf Organizations: Boeing, Airline, Alaska Airlines, Service, Business
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