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☆ CrowdStrike outage: What we know 4 days after a software update brought down computer systems around the world
▼ + stars: | 2024-07-22 | by ( Zoe Sottile | ) edition.cnn.com time to read: +7 min

CNN —Four days after a faulty software update from a cybersecurity company unexpectedly brought down computers and technical systems across the world, airlines and some other companies are still experiencing delays and other technical problems. The outage was related to a software update rolled out by CrowdStrike, a major US cybersecurity firm. The issue is specific to Falcon, one of CrowdStrike’s main software products, and is not impacting Mac or Linux operating systems, according to the advisory. US-based carriers American Airlines, United Airlines, Delta Air Lines, Allegiant Airlines, SunCountry and Frontier Airlines all reported issues on Friday. More than 1,200 Delta flights were canceled on Sunday, after the carrier canceled 1,208 flights on Saturday, according to FlightAware.

Persons: ” –, Patrick Anderson, —, CrowdStrike, “, George Kurtz, Kurtz, Crowdstrike, United, Delta, Pete Buttigieg, Ed Bastian, ” Buttigieg, Bastian, it’s, David Kennedy, “ It’s, ” Kennedy, “ There’s, Buttigieg, Brigham, Dana Organizations: CNN, Microsoft, Anderson Economic Group, Fortune, Travelers, Marriott International, American Airlines, United Airlines, Delta Air Lines, Allegiant Airlines, Frontier Airlines, Delta Airlines, Delta, Delta Air, Department, Turkish Airlines, Jetstar, Hong Kong Express, Cebu Pacific, Binary Defense, Mass, Penn Medicine, Mount, Mount Sinai Health, Emory Healthcare, Farber Cancer Institute, New, Memorial Sloan Kettering Cancer Center, Government, Social Security, Department of Motor Vehicles, UPS, FedEx Locations: Delta, FlightAware, Jetstar Japan, Hong, Massachusetts, Pennsylvania, Mount Sinai, New York, Atlanta, Boston, Arizona, Alaska, Washington ,

The information for the following product(s) has been collected independently by Business Insider: Citi Strata Premier℠ Card, Citi® Double Cash Card, Citi Rewards+® Card, AT&T Points Plus® Card, Citi Prestige® Card, Citi Custom Cash℠ Card. Earning Citi ThankYou PointsThe easiest way to rack up Citi ThankYou points is with a Citi credit card, which you can easily apply for online. There's one non-airline Citi ThankYou transfer partner available to all cardholders: You can transfer your Citi ThankYou points to Sears Shop Your Way at a rate of 1:10 points. Maximizing Citi ThankYou PointsBefore you sign up for a Citi credit card, it's helpful to know that the Citi ThankYou program lets you pool points with other members. Citi ThankYou Points frequently asked questionsHow can I earn Citi ThankYou Points?

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Earning Membership Rewards pointsAmex Membership Rewards points are some of the most highly valued credit card rewards. For more information, read our supplemental posts comparing American Express Membership Rewards cards and our Membership Rewards transfer partners guide. Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel. Tips for Membership Rewards membersAmex Membership Rewards points are relatively forgiving, but there are some basic rules you should know. American Express Membership Rewards frequently asked questionsHow do I earn Membership Rewards points?

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Each airline earns and uses Avios differently, and this guide focuses on British Airways Avios unless specified otherwise. Earning AviosThere are many ways to earn British Airways Avios, which we'll explore in more depth below. Earn Avios from using a British Airways Avios credit cardBritish Airways Visa Signature® Card Apply now lock icon An icon in the shape of lock. Not the most rewarding card for non-British Airways purchases Insider’s Take If you like British Airways Avios points, the British Airways Visa Signature® Card has an excellent welcome bonus offer to consider. British Airways Avios frequently asked questionsCan I transfer Avios between accounts?

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☆ Ryanair shares tumble 12% as budget airline reports 46% fall in quarterly profit, sees lower fares
▼ + stars: | 2024-07-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. Ryanair cited weaker-than-anticipated fares and the Easter season falling into the previous quarter as reasons for the drop in profit. It also comes despite a 10% increase in passenger traffic to 55.5 million during the quarter, Ryanair said Monday. However, Ryanair Group CEO Michael O'Leary said in a statement that fares were expected to be lower than expected over the next three months. Other European airlines followed Ryanair lower on Monday, with fellow low-cost airline EasyJet shedding over 6%, while Jet2 fell 4% and Hungarian airline Wizz Air slid over 6%.

Persons: — Ryanair's, Michael O'Leary, O'Leary, Jet2 Organizations: Ryanair, Wizz Air Locations: London

☆ Here's why China was largely unaffected by Friday's IT outage
▼ + stars: | 2024-07-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"The main reason why is that local Chinese companies basically do not use CrowdStrike products, so they are not affected," Gao said. Chinese state media also said Friday evening that international flights at Beijing's two airports were running normally, and that Air China , China Eastern Airlines and China Southern Airlines had not been affected by large-scale technical system failures. Microsoft products are widely used in China — Windows had about 87% of personal computer shipments in the mainland last year, according to Canalys. Microsoft products Office 365 and Azure cloud are operated in China by a local company called 21Vianet . Why don't Chinese companies use CrowdStrike?

Persons: Pempel, Gao Feng, Gao, China — Organizations: REUTERS, Gartner, CNBC, Air, China Eastern Airlines, China Southern Airlines, Microsoft, Windows, Weibo Locations: REUTERS BEIJING, U.S, China, Texas, United States, Europe, Air China, Beijing

☆ Delta Cancels More Flights as It Struggles to Recover From Tech Outage
▼ + stars: | 2024-07-22 | by ( Yan Zhuang | More About Yan Zhuang | ) www.nytimes.com time to read: +1 min

Delta Air Lines canceled more than a thousand flights on Sunday, leading Secretary of Transportation Pete Buttigieg to single out the airline as it struggles to recover three days after a global software outage disrupted the aviation industry and grounded flights globally. Delta canceled about 1,300 flights on Sunday, roughly the same number as each of the previous two days, and delayed another 1,600, according to flight tracking website FlightAware. The tech outage on Friday hit airlines especially hard. A flawed update from CrowdStrike, whose software is used around the world, forced Allegiant Air, American Airlines, Spirit Airlines and United Airlines to ground flights, according to the Federal Aviation Administration. It canceled about 1,200 flights each on Friday and Saturday, according to FlightAware, while cancellations for other airlines moderated into the hundreds or dozens.

Persons: Transportation Pete Buttigieg, Buttigieg Organizations: Delta Air Lines, Transportation, Delta, American Airlines, Spirit Airlines, United Airlines, Federal Aviation Administration

Introduction to Chase Ultimate Rewards®The Chase Ultimate Rewards® rewards program is frequently considered one of the top credit card point systems available today — and for good reason. Earning Chase Ultimate Rewards pointsThe only way to earn rewards in the Chase Ultimate Rewards ecosystem is to open and use a Chase card that operates within this program. Redeem points for experiences (point values vary)You can also use Chase Ultimate Rewards points to book special experiences, including one-of-a-kind events hosted by Chase. Chase Ultimate Rewards frequently asked questionsAre Chase Ultimate Rewards worth it? Chase Ultimate Rewards is a versatile and highly regarded rewards program offered by Chase Bank.

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☆ Here are Monday's biggest analyst calls: Apple, Nvidia, Amazon, Burlington, CrowdStrike, Berkshire Hathaway, Coinbase & more
▼ + stars: | 2024-07-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs initiates Talos Energy as buy Goldman said the energy company has a "strong oil mix and free cash flow." Goldman Sachs downgrades Lennar to neutral from buy Goldman downgraded the homebuilder stock mainly on valuation. Goldman Sachs initiates Webtoon as buy Goldman said it's bullish on shares of the digital storytelling company. TD Cowen initiates Berkshire Hathaway as hold TD Cowen said it likes the stock but valuation is full right now. " "We upgrade CHRW to Buy from Underperform and raise our PO to $99 from $76, on 22.5x our 2025e EPS."

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How Delta SkyMiles worksThe Delta SkyMiles loyalty program helps Delta lovers earn rewards and elite status. How to Earn Delta SkyMilesThere are multiple ways to earn Delta SkyMiles. Flying with Delta and partner airlinesThe most obvious way to earn Delta SkyMiles is to fly on Delta. Delta SkyMiles® Reserve American Express Card Members with an eligible ticket will be added to the Complimentary Upgrade list, after Delta SkyMiles Medallion Members. Delta SkyMiles frequently asked questionsHow do I earn SkyMiles with Delta?

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Southwest Rapid Rewards® Plus Credit CardThe Southwest Rapid Rewards® Plus Credit Card is a great choice if you're just starting out. Transfer points from Diners Club or hotel loyalty programsDiners Club members can also transfer Club Rewards points to Southwest — 1,500 Club Rewards points, for instance, would convert to 1,200 Southwest points. It's also possible to redeem points earned through participating hotel loyalty programs if you'd rather put them toward flights than hotel stays, though redemption rates are pretty low:5,000 Best Western Rewards points = 1,200 Southwest points6,000 Choice Privileges points = 1,800 Southwest points2,000 Radisson Rewards America points = 200 Southwest points50,000 Radisson Rewards America points = 5,000 Southwest points100,000 Radisson Rewards America points = 10,000 Southwest points9,000 Marriott Bonvoy points = 3,000 Southwest points30,000 Marriott Bonvoy points = 10,000 Southwest points60,000 Marriott Bonvoy points = 20,000 Southwest points90,000 Marriott Bonvoy points = 30,000 Southwest points120,000 Marriott Bonvoy points = 40,000 Southwest points5,000 World of Hyatt points = 2,400 Southwest points50,000 World of Hyatt points = 24,000 Southwest pointsNote that World of Hyatt throws in an additional 6,000 Southwest points as long as you're a member, while Marriott Bonvoy adds 5,000 Southwest points for every 60,000 Marriott points transferred. Earn Southwest points by taking online surveysYou can earn points by taking online surveys through E-Rewards — $15 worth of E-Rewards yields 300 Southwest points, $25 worth of E-Rewards yields 600 Southwest points, $50 worth of E-Rewards yields 1,200 Southwest points, and $100 worth of E-Rewards yields 2,400 Southwest points. Southwest Rapid Rewards Points Frequently Asked QuestionsHow much is 50,000 Southwest points worth?

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☆ Congress Calls for Tech Outage Hearing to Grill Executive
▼ + stars: | 2024-07-22 | by ( David Mccabe | More About David Mccabe | ) www.nytimes.com time to read: +1 min

A Congressional committee called on the chief executive of CrowdStrike to testify at a hearing about its role in a tech outage that roiled the global economy, in one of the first attempts to hold the cybersecurity company responsible. CrowdStrike sent a faulty security update to its customers Thursday night, resulting in millions of Microsoft Windows devices shutting down and disruptions to airlines, hospitals, logistics companies and others. Americans “deserve to know in detail how this incident happened and the mitigation steps CrowdStrike is taking,” wrote Representative Mark Green of Tennessee, the Republican chairman of the Homeland Security Committee, and Representative Andrew Garbarino, Republican of New York. The letter was sent to George Kurtz, CrowdStrike’s chief executive. Mr. Green and Mr. Garbarino asked the company for a response to scheduling the hearing this week, but did not specify when it would take place.

Persons: CrowdStrike, “, ”, Mark Green of, Andrew Garbarino, George Kurtz, . Green, Garbarino Organizations: Microsoft, Homeland Security Committee, Republican Locations: Mark Green of Tennessee, New York

IntroductionThe Chase Sapphire Reserve® and The Platinum Card® from American Express are two of the best premium travel rewards cards. Here's a guide to help you compare the The Platinum Card® from American Express and Chase Sapphire Reserve® and decide which card is best for you. Apply and select your preferred metal Card design: classic Platinum, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Winner: The Platinum Card® from American Express, if you use all of these benefitsConcierge servicesThe Platinum Card® from American Express offers its famous Amex Concierge service for Platinum cardholders. Amex Platinum vs. Chase Sapphire Reserve frequently asked questionsHow do the annual fees for the Amex Platinum and Sapphire Reserve compare?

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IHG One Rewards Premier Credit Card and IHG One Rewards Premier Business Credit Card cardholders receive instant IHG Platinum Elite status. Other ways to redeem IHG pointsOpt for airline miles instead of IHG Rewards pointsIf you'd rather receive airline miles for your stays instead of IHG Rewards points, that's an option, though redemption rates vary by airline. Transfer IHG points to a friendThere's also an option to transfer IHG points to a friend or family member at a cost of $5 per 1,000 points, or buying them through IHG's website. Use IHG points to attend special eventsThrough IHG Auctions, you can redeem IHG points for concerts, sports, special events, or other experiences. IHG Rewards Points Frequently Asked QuestionsHow many points do you need for a free night at IHG Hotels?

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Earning Capital One RewardsYou need a Capital One miles-earning credit card in order to earn Capital One miles. Other credit cards offer higher rewards in certain categories of spending Insider’s Take If you want an easy, no-fuss travel rewards credit card, the Capital One Venture Rewards Credit Card is a great fit. Limited benefits Insider’s Take The VentureOne Rewards Card is a slimmed-down version of the popular Capital One Venture Rewards Credit Card. If you're looking for a flexible travel credit card that fits your travel strategy, any Capital One travel credit card is worth exploring. Capital One Rewards frequently asked questionsHow can I earn rewards with Capital One credit cards?

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Elite membership tiersAmerican Airlines has four tiers of elite membership: AAdvantage Gold, AAdvantage Platinum, AAdvantage Platinum Pro, and AAdvantage Executive Platinum. You can earn Loyalty Points from flying on American Airlines, using a co-branded American Airlines credit card, or traveling with American Airlines partners. Earn miles with Barclays and Citi AAdvantage credit cardsThe easiest and quickest way to rack up American Airlines miles is by using an American Airlines AAdvantage credit card. American Airlines AAdvantage® MileUp®While not as lucrative as some of the other available American Airlines credit cards, at least the American Airlines AAdvantage® MileUp® doesn't charge an annual fee. American Airlines customers earn AAdvantage miles by flying with American Airlines or partner airlines, using AAdvantage co-branded credit cards, and participating in shopping and dining programs.

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The information for the following product(s) has been collected independently by Business Insider: Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bold® Credit Card, Marriott Bonvoy Bountiful™ Card. Marriott Bonvoy 1K Bonus Points Per Stay: Earn 1,000 Marriott Bonvoy® bonus points per paid eligible stay booked directly with Marriott for properties participating in Marriott Bonvoy. Marriott Bonvoy Bountiful™ CardIf you're interested in the Marriott Bonvoy Bevy™ American Express® Card, you should also consider its almost identical sibling: the Marriott Bonvoy Bountiful™ Card. Marriott Bonvoy Rewards frequently asked questionsHow can I earn Marriott Bonvoy points? Business Insider values Marriott points at 0.7 cents apiece on average, so 50,000 Marriott Bonvoy points are worth $350 by our valuations.

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Spirit has two credit cards: the Free Spirit Travel Mastercard and Free Spirit Travel More Mastercard. Overview of the Free Spirit ProgramJoining Free Spirit offers several benefits, even for infrequent travelers. Free Spirit Travel MastercardThe Free Spirit® Travel Mastercard® has no annual fee and a welcome bonus of 10,000 points after you spend $500 on purchases within the first 90 days of account opening. Spirit Airlines points expiration policySpirit Airlines points won't expire if you earn or redeem once every 12 months. Spirit Airlines Rewards frequently asked questionsHow can I earn Free Spirit points without flying?

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Keep reading to see how the Amex Platinum Card and the Amex Business Platinum Card differ, and to decide if either is right for you. Finally, the Amex Platinum Card and the Amex Business Platinum Card come with a Priority Pass membership**. 35% points rebate on the Amex Business PlatinumThis is an incredibly valuable perk that's only available with the Amex Business Platinum Card. Amex Platinum vs. Amex Business Platinum frequently asked questionsWhat are the main differences between the Amex Platinum and Business Platinum cards? The Amex Platinum earns bonus points on travel, while the Business Platinum also offers elevated rewards on certain business expenses.

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☆ Why Delta is still canceling flights as other airlines return to normal
▼ + stars: | 2024-07-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

Atlanta-based Delta canceled 1,500 flights on Friday, or more than a third of its schedule. It grounded nearly 3,000 more flights over the weekend, and early Monday had already canceled 700 more flights, or about 60% of flights canceled by all airlines worldwide. Most other US airlines had only 1% of its flights canceled, compared to roughly one out of every six scheduled Delta flights. It can take longer to get crews needed to fly planes in the right cities to again staff flights. The problems at Delta are similar to the problems that occurred at Southwest Airlines over the end-of-year holiday travel period in 2022 when it had to cancel nearly 17,000 flights over the course of more than a week.

Persons: Ed Bastian, ”, CrowdStrike Organizations: New, New York CNN, Delta Air Lines, Delta, “, Southwest Airlines, Southwest Locations: New York, Atlanta, Delta

Ways to earn Choice Privileges pointsThe Choice Privileges program may seem straightforward, but many little rules define what counts as a qualifying points-earning stay. Earn points from Choice hotel staysThe most straightforward way to earn Choice Privileges Rewards is by staying in Choice hotels on paid bookings. Buy Choice Privileges points for yourself or someone elseYou can buy up to 250,000 Choice Privileges points for yourself — or up to 180,000 Choice Privileges points for friends and family members — per calendar year. Transfer Choice Privileges points to travel partnersTo redeem Choice Privileges points for flights, use the Choice Hotels Rewards Exchange to transfer them to airline partners at the following rates:5,000 Choice points for 1,000 Alaska Airlines Mileage Plan miles5,000 Choice points for 1,000 Aeromexico Club Premier miles5,000 Choice points for 1,000 Aeroplan points5,000 Choice points for 1,000 United MileagePlus miles5,000 Choice points for 1,000 Spirit Airlines Free Spirit miles5,000 Choice points for 1,000 Czech Airlines OK Plus miles20,000 Choice points for 8,000 Qantas Frequent Flyer points20,000 Choice points for 8,000 Virgin Australia Velocity points20,000 Choice points for 140 Air New Zealand Airpoints DollarsNote that you may need to call Customer Service at 888-770-6800 and provide them with your frequent flyer number to complete your airline redemption. Choice Privileges Rewards frequently asked questionsHow can I earn points with Choice Privileges Rewards?

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☆ Cybersecurity stock Palo Alto could benefit from CrowdStrike's outage woes
▼ + stars: | 2024-07-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Those customers could go to cybersecurity rival — and Club holding — Palo Alto . Palo Alto shares have yet to see much of a bounce on the news, up just 2.7% since Thursday's close. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance We're long-term bullish on Palo Alto because of its stellar leadership with CEO Nikesh Arora at the helm, along with the company's dominance in its respective market as the only real soup-to-nuts cybersecurity play. It's CrowdStrike.. and Palo Alto, which with this 'platformization' strategy has started to do better," Cramer said. We currently have a 2 rating on Palo Alto shares and a price target of $360.

Persons: CrowdStrike, BTIG, Jeff Marks, Oppenheimer, Jim Cramer, Nikesh Arora, Jim, Cramer, Jim Cramer's Organizations: Palo, —, Microsoft, Fortune, Guggenheim Securities, Scotiabank, Palo Alto Networks, Palo Alto, CNBC, Getty Locations: Palo Alto, Palo

☆ Ryanair, Europe’s biggest airline, says airfares will be ‘materially lower’ this summer
▼ + stars: | 2024-07-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Ryanair said Monday that it expects airfares during the busy summer travel season to be “materially lower” than last year as the low-cost carrier reported a plunge in profits. Europe’s biggest airline by passenger numbers, comparable in size to Delta Air Lines in the United States, said its average fare fell nearly 15% in the April-to-June quarter from the same period in 2023, to €41.93 ($45.65) from €49.07 ($53.42). Ryanair (RYAAY) attributed that dip in the first quarter of its financial year, in part, to the timing of the Easter break this year, some of which fell over March. The airline previously thought fares would be “flat to modestly up,” he added. Ryanair reported a 46% fall in profits in the first quarter of the year, to €360 million ($392 million), despite a 10% rise in the number of passengers.

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