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“The impact on Delta passengers was disastrous,” the lawsuit said. In other cases, it would only offer partial reimbursement if passengers signed a waiver releasing the airline of any legal claims. On Monday, July 22, Delta canceled more than 1,250 flights — making up nearly 70% of all domestic cancellations, the lawsuit said. In response, Delta offered Plaintiff a $100 voucher to use towards a future flight with Delta,” the lawsuit said. Both companies claimed Delta ignored their repeated offers for help as passengers were left stranded in airports across the country.
Persons: Delta, , , ” Delta, Pete Buttigieg, Ed Bastian, Bastian, CrowdStrike, , you’ve, ” Bastian, David Boies, Michael Carlinsky Organizations: New, New York CNN, Delta Air Lines, Microsoft, Delta, Greyhound, CNBC, CNN, IBM Locations: New York, Denver, Amsterdam, Delta, Atlanta
The Fed would be making a mistake in delivering an emergency rate-cut, Mohamed El-Erian said. Traders see a higher chance the Fed could trim rates over the next week in response to weakening data. AdvertisementThe Federal Reserve would be making a mistake if it delivered an emergency rate cut. Amid Monday's sell-off Bloomberg reported that markets see a 60% chance the Fed could issue a cut ahead of its scheduled policy meeting. AdvertisementGiving in to the market's demands to ease monetary policy would constitute another mistake for the Fed, El-Erian said.
Persons: Mohamed El, Erian, , Ben Kirby Organizations: Bloomberg, Traders, Service, Fed, Thornburg Investment Management Locations: El
A new Maldives-based airline called Beond launched in 2023 with an all-business-class Airbus A319. I flew the airline, and while it faces hurdles, it has a great product that is cheaper than competitors. 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 . The Maldives-based carrier launched in November and has one single plane flying to the nation's capital, Male, from cities like Zurich and Riyadh, Saudi Arabia.
Persons: , you've Organizations: Beond, Airbus, Service, Business Locations: Maldives, The Maldives, Zurich, Riyadh, Saudi Arabia
Qatar Airways' new CEO told reporters in July that the airline is keeping its beloved A380s. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 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 . This story is available exclusively to Business Insider subscribers.
Persons: , Akbar al Bakar, Badr Mohammed Al Meer Organizations: Qatar Airways, Boeing 777X, Service, Airbus, Farnborough, Business Locations: Qatar
They are part of Louisville’s burgeoning tenants union, which mobilizes the residents of low-income apartment complexes, rural trailer parks and gentrifying neighborhoods to challenge the corporate landlords that they say have devastated affordable housing. Midsize cities like Louisville contain many of the fault lines that created America’s housing crisis: gentrification, federal development schemes and redlining. If this country’s affordable housing crisis can be solved here, it could establish a template for helping the nation’s poor and marginalized find stability. Josh Poe, 47, and Jessica Bellamy, 36, founded the Louisville Tenants Union in 2022 because they believe that organizing is the answer to the nation’s housing woes. “Tenant organizing,” Poe told me with pastoral conviction, “will be to the 21st century what labor organizing was to the 20th century.”
Persons: Donna Goldsmith, Goldsmith, , , Josh Poe, Jessica Bellamy, ” Poe Organizations: Kentucky Derby, Louisville, Louisville Tenants Union Locations: Louisville, Ky, Southern
Kelly says the Fed needs to broadcast its confidence in the economy to soothe jittery markets. JPMorgan's David Kelly told Business Insider he sees a possibility for even deeper losses following the big rout. We do stand ready to cut rates as appropriate but we don't think there's a very urgent situation here," Kelly said. More importantly, cutting rates abruptly would potentially instill more fear about the economy among investors, Kelly said. And I don't think the Federal Reserve tells people that, or maybe they don't appreciate it themselves," Kelly said, adding, "It's a drag before it's a stimulus."
Persons: Kelly, JPMorgan's David Kelly, , David Kelly, Monday's, we've, Dow Jones Organizations: Fed, Service, JPMorgan Asset Management, Nasdaq, Nikkei, Reserve Locations: Japan
Gone are the days of schoolyard crushes, and in their place are weekend dates and dinner table talks about my kids' relationships. I've genuinely liked the kids my teens have dated, so it's been sad seeing each of those relationships come to an end. I've seen both kids come out of their break-ups wiser and more sure of themselves, and that's taken the sting away just a bit. Terri Peters' kids recently started dating and have gone through breakups. It's also been rewarding to see my kids grow and learn as a result of each breakup.
Persons: it's, I've, It's, sobbed, that's, you've, Terri Peters, we've, We're Organizations: Service
Since the early summer, videos of a wrestler dressed as a puppy brawling in “lucha libre” matches has been making the rounds on Mexican social media. Wisin, the "puppy luchador" taunts an opponent during a lucha libre event at the Institute of Youth, in Mexico City, on July 25, 2024. Given that lucha libre bouts are mostly dominated by older male fans, he has created a space for kids to enjoy the spectacle. Wisin, the "puppy luchador" hangs on the ropes during a lucha libre event in Mexico City, on July 25, 2024. “I’ve enjoyed lucha libre since I was young, now my son can enjoy it, too,” he said.
Persons: Baha, , , Wisin, Fernando Llano, Simi, Juan Carlos Naviera Torres, Jose Isaac, Torres, clutched, “ I’ve, Mitchelle Magdaleno, Andy Panda ” Organizations: Institute of Youth, Wrestling Locations: Mexico City’s, Mexico, Mexico City
(Trump himself has tried to distance himself from Project 2025 but many of his policies and goals overlap.) “Honestly, the Trump administration was often sloppy in the way they rolled out these executive orders, including the first Muslim travel ban,” Washington Attorney General Bob Ferguson told CNN, referring to the Trump ban on migrants from several Muslim-majority countries that was the target of one of nearly 100 lawsuits brought by the Evergreen State against the Trump administration. “This time around, Project 2025 provides a very thorough overview over the issues in which a leading conservative organization, like the Heritage Foundation, is likely to push the Trump administration,” Romero said. Part of the Project 2025 effort has been to collect and vet thousands of potential staffers to serve up and down the federal bureaucracy of a future Trump administration. The ACLU, meanwhile, has been rolling out a series of analyses of possible legal and legislative responses to potential Trump policies.
Persons: Donald Trump, he’ll, slapdash policymaking, Trump, Bob Ferguson, Ferguson, Washington Democrat –, , , , Deepa Alagesan, Trump’s, Elizabeth Taylor, rollbacks, “ It’s, Anthony Romero, ” Romero, Joe Biden, Romero, It’s, Paul Dans, Skye Perryman, Kica Matos Organizations: CNN, Republican, Trump, Evergreen State, Washington Democrat, International Refugee Assistance, , National Health Law, Republicans, Supreme, ACLU, Heritage Foundation, Trump Justice Department, Forward, Immigration Law Center, New York Times, Democratic Locations: Washington
Why the stock market is freaking out again
  + stars: | 2024-08-05 | by ( David Goldman | ) edition.cnn.com   time to read: +6 min
The Dow tumbled more than 1,000 points at the open, and the broader market plunged 3% Monday. The Nasdaq, full of risky tech stocks, dropped 3.7%. Although that’s not in and of itself an unhealthy unemployment rate, its sudden march higher is alarming: Last year, the unemployment rate was at its lowest level since the moon landing. Traders are beginning to unwind big trades on Apple, Nvidia, Microsoft, Meta, Amazon, Alphabet and other tech stocks that had been surging since the beginning of last year. Monday’s rout, if it ends at current levels, wouldn’t even crack the top 100 worst days in market history.
Persons: Dow, that’s, Goldman Sachs, That’s, Jeremy Siegel, , , Siegel, Stocks, it’ll, Warren Buffett, Berkshire Hathaway Organizations: CNN, Nasdaq, Nikkei, Federal Reserve, of Labor Statistics, Citigroup, JPMorgan, CNBC, Traders, Apple, Nvidia, Microsoft, Meta, Berkshire Locations: Wall
Jayapura, Indonesia — Gunmen stormed a helicopter and killed its New Zealand pilot shortly after it landed in Indonesia’s restive Papua region on Monday, and they released two health workers and two children it was carrying, police said. West Papua Liberation Army spokesperson Sebby Sambom told The Associated Press that he had not received any reports from fighters on the ground about the killing. NZ Pilot Philip Mehrtens flanked by members of the West Papua National Liberation Army. Planning to use the pilot to negotiate, Kogoya has said they won’t release Mehrtens unless Indonesia frees Papua as a sovereign country. Flying is the only practical way of accessing many areas in the mountainous easternmost provinces of Papua and West Papua.
Persons: Indonesia — Gunmen, Glen Malcolm, Faizal Ramadhani, , Sebby Sambom, ” Sambom, , Philip Mehrtens, Egianus, Philip Mark Mehrtens, Kogoya, Graeme Thomas Wall, Wall Organizations: Indonesia —, Zealand, Indonesian, PT, Angkasa Air Service, West Papua Liberation Army, Free Papua Movement, National Police, Associated Press, New Zealand, NZ, West Papua National Liberation Army, West, Susi, PT Freeport Indonesia Locations: Jayapura, Indonesia, Indonesia’s restive Papua, Alama, Mimika district, Central Papua, Papua, West, Jakarta, Dutch, New Guinea, West Papua, Christchurch, Indonesian, New Zealand, Ngaruawahia
At the time, "Critical Role" — the "D&D" Twitch stream that turned the company Mercer co-founded into a key player in the nerdworld business — was just taking off. Advertisement"There's love at first sight, and this is one of those variations," Mercer told BI. These two men have now formed a formidable alliance in the nerdworld business. AdvertisementOn to 'Downfall'Mercer and Mulligan had a lot of fun crafting the world of Aeor together, they told BI. Critical RoleMulligan told BI he had long watched Critical Role, and that he got to dive deep into Mercer's lore while working on EXU Calamity.
Persons: , Brennan Lee Mulligan, Matthew Mercer, who's, Mulligan, Mercer, gunning, Matt, it's, Aeor Mulligan, Brennan, Lee Mulligan, AeorForever, PhVFddZD4Q — Clara, they're, Essek Organizations: Service, Business, West Hollywood, Garden, Wembley Arena, Tourism Locations: Mercer, Madison, London, Los Angeles
It was a combination of the skill of the flight crew and good luck that no one was killed. But there were problems with five rivets near where the door plug was installed, and Boeing workers removed the door plug in order to fix those rivets. It would have had much more difficulty making it safely to the ground if the door plug had failed hours, rather than minutes, from the nearest runway. But the probe is only one of the problems Boeing faces because of the incident. He has faced harsh criticism for many of Boeing’s problems, with more than a dozen whistleblowers at the company complaining to congressional investigators that they faced pressure and retaliation for flagging safety problems in the company’s assembly process.
Persons: Max, Dave Calhoun, Kelly Ortberg, Rockwell Collins, Calhoun, haven’t, Josh Hawley, Organizations: New, New York CNN, Alaska Airlines, Boeing, Max, National Transportation Safety Board, NTSB, FBI, Federal Aviation Administration, Justice Department, FAA, DOJ, Rockwell, Capitol Locations: New York, Alaska, Renton , Washington, Hawaii
The prices of Bitcoin and other major cryptocurrencies plunged over the last two days, mirroring the volatility in global stock markets and ending a run of growth and excitement in the crypto industry. The price of Ether, the second most valuable cryptocurrency, was down nearly 20 percent over the same period. And the panic is a reminder that Bitcoin and other cryptocurrencies are highly volatile, prone to dramatic increases and decreases in value. In January, the approval of a new financial product tied to the price of Bitcoin prompted a market surge that propelled Bitcoin to its highest-ever price. The excitement even led to a wave of new memecoins, the digital currencies tied to internet jokes.
Persons: Bitcoin
Ironheart | Moment | Getty ImagesThe summer travel season is in full swing, often bringing more flight delays and cancellations. 'High' season for flight delays and cancellationsMid-June to the end of August typically marks "high season" for flight disruptions, Napoli said. "This summer will see more planes in the skies, frequent bad weather, and increased use of the nation's airspace," according to a Federal Aviation Administration webpage about summer travel. What Taylor Swift's The Eras Tour says about 'passion tourism'5 ways to maximize your vacation days More broadly, airline compensation policies vary for delays and cancellations. A recent spate of delays and cancellations related to a global IT outage was deemed a "controllable" event, for example.
Persons: Eric Napoli, Napoli, Hayley Berg, Biden, Taylor Organizations: Federal Aviation Administration, FAA, U.S . Department of Transportation, Consumers, Finance, Transportation, Airlines, Microsoft, Passengers, Union Locations: U.S, Europe
At the time, "Critical Role" — the "D&D" Twitch stream that turned the company Mercer co-founded into a key player in the nerdworld business — was just taking off. Advertisement"There's love at first sight, and this is one of those variations," Mercer told BI. Mercer is the chief creative officer at Critical Role, working with his eight friends on everything from Amazon-backed animation series' to board game ventures. AdvertisementOn to 'Downfall'Mercer and Mulligan had a lot of fun crafting the world of Aeor together, they told BI. Critical RoleMulligan told BI he had long watched Critical Role, and that he got to dive deep into Mercer's lore while working on EXU Calamity.
Persons: , Brennan Lee Mulligan, Matthew Mercer, who's, Mulligan, Mercer, gunning, Matt, it's, Aeor Mulligan, Brennan, Lee Mulligan, AeorForever, PhVFddZD4Q — Clara, they're, Essek Organizations: Service, Business, West Hollywood, Garden, Wembley Arena, Tourism Locations: Mercer, Madison, London, Los Angeles
Ukraine shared footage of its aircraft launching Storm Shadow missiles. Storm Shadows were given to Ukraine by the UK and France (which calls them SCALP missiles). Go to newsletter preferences Thanks for signing up! AdvertisementUkraine released its first official video of Western Storm Shadow missiles being used in combat. Buried in the clip were visuals of the Storm Shadow being launched from a jet, and then flying through the sky.
Persons: Organizations: France, Service, Western Storm, Sunday, Storm, Business Locations: Ukraine
Investors are de-risking their portfolios amid recession fears, driving a stock-market sell-off. AdvertisementThe stock market's recession playbook is in full swing as suddenly panicked investors look to aggressively de-risk their portfolios amid fears of a downturn. Investors are questioning whether the Federal Reserve waited too long to cut interest rates and whether it's too late to fend off recession. AdvertisementDetailed below are four outperforming areas of the market that make it clear investors are employing the recession playbook:1. "Next's year's pricing makes sense if the US economy falls into recession and/or inflation tumbles below the Fed's 2% target," analysts said of the market's rate-cut expectations.
Persons: , it's, they've, David Sekera, David Rosenberg, Rosenberg, Ned Davis Organizations: Service, Federal Reserve, Nasdaq, Treasury, Bloomberg, Morningstar, Global, ETF, Rosenberg Research, Ned Davis Research
Stifel Financial's Barry Bannister thinks the S & P 500 will see a steep pullback over the next couple of months. Bannister said Stifel's year-end target of 5,000 for the S & P 500 "seems appropriate right now" given the July jobs data and delayed Federal Reserve interest rate cuts. In early June, Bannister said the S & P 500 could drop to approximately 4,750 before the end of the third quarter of this year. The S & P 500 ended last week at 5,346.56. .SPX YTD mountain S & P 500 this year.
Persons: Stifel Financial's Barry Bannister, Bannister, Stifel's, Stifel, we've Organizations: CNBC, Traders
Ukraine's F-16s are finally taking flight, marking a new era in its war against Russia. President Zelenskyy touted the aircraft and the pilots flying them on Sunday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAlmost since the war began, Ukraine has worked to acquire F-16s from its allies and train pilots to fly them. Ukrainian President Volodymyr Zelenskyy shared a video on X showing the new F-16s taking off, calling the moment a "new phase of development for the Air Force" in Ukraine.
Persons: Ukraine's, Zelenskyy, , they're, Volodymyr Zelenskyy Organizations: Russia, Service, Air Force, Ukrainian Air Force, Business Locations: Ukraine, Russian, Denmark, Netherlands, United States
CNN —A 5-year-old boy died and another child was injured when a bounce house they were inside went airborne during a baseball game in Maryland on Friday night, authorities said. The bounce house flew onto the playing field at Regency Furniture Stadium, in Waldorf, as the Southern Maryland Blue Crabs baseball team was playing, according to a news release from Charles County officials. The children who were inside fell before the bounce house landed on the field, according to the news release. Onsite medical responders immediately tended to the children, with help from trainers from the baseball team and attendees of the game, authorities said. The Southern Maryland Blue Crabs postponed their Saturday night game due to the incident.
Persons: Charles, Reuben B, Collins, ” Collins, Waldorf, Yan Kaner Organizations: CNN, Regency Furniture, Southern Maryland Blue Crabs, Charles, Facebook Locations: Maryland, Waldorf, Charles County, Southern Maryland, Washington
Aged 20 to 28, two of the kids have mortgages and all the expenses that go with owning a property. We offered each of the kids enough money toward their airfares to cover flying to Europe. The offer was extended to the kids' partners, too. For Andrew and me, sharing adult time with our kids and their partners without the distraction of work and rushing was wonderful. It was also lovely to observe our adult kids interact with their siblings and their partners.
Persons: , Andrew, Let's, Martina Franca, we're Organizations: Service, Business, Lecce Locations: Melbourne, Australia, Europe, Puglia, Alberobello, Monopoli, Matera, Italy
This is known as child-focused parenting, a style devised in the 90s that has become the norm in the last decade. Gaskins isn't the only psychology professional against child-focused parenting. Ironically, child-focused parenting teaches kids that it's normal to forego your identity and boundaries. AdvertisementInstead of being prepared for adult life, "the child's world is completely separated from the adult world," Doucleff said. Woo, who teaches at UC Irvine, said she's witnessed the lasting effects of child-focused parenting.
Persons: , Michaeleen Doucleff, Doucleff, Suzanne Gaskins, Gaskins, Brené Brown, Tim Ferriss, Gen Xers, Sharon Hays, Caitlyn Collins, Louis, Collins, bento, Dr, Jenny Woo, Woo, she's, It's Organizations: Service, Business, Northeastern Illinois University, Washington University, Disney, UC Irvine, Pew Locations: San Francisco, American, St, playdate, America
Read previewUkraine has been able to strike unusually deep inside Russia because Russian air defenses have been stretched, a warfare expert told Business Insider. "Russian air defenses should have very easily taken them out." Many of Russia's air defense systems have been damaged and destroyed by Ukraine, and Ukraine is now targeting some defenses that it could not previously reach. Ukraine destroyed many Russian air defense systems, particularly in Crimea, the Ukrainian peninsula that Russia annexed in 2014. Many warfare experts have said that this war has largely become an air defense war, making both countries desperate to keep their arsenals strong.
Persons: , George Barros, We've, Barros, ISW Organizations: Service, Business, Ukraine Locations: Ukraine, Russia, Russian, Ukrainian, Tatarstan, Crimea
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
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