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☆ Delta CEO is confident about moving forward with order of Boeing Max 10s
▼ + stars: | 2024-01-19 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Delta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with issues surrounding the Max 9, the carrier's CEO told CNBC on Friday. The airline ordered 100 Max 10s in 2022 and deliveries are expected to begin in 2025, its first Boeing order in more than a decade. The Max 10, the largest model of the 737 Max, has not yet been approved by regulators. The 737 Max, Boeing's best-selling aircraft, has had a troubled history since deliveries first began in 2017. Delta flies over 500 Boeing jets a day, but does not fly either the Max or the 787, according to Bastian.

Persons: Max, Ed Bastian, CNBC's Scott Wapner, Boeing's, Bastian Organizations: Delta Air Lines, Boeing, Max, CNBC, FAA, Alaska Airlines, Airbus Locations: United States, Indonesia, Ethiopia, Bastian, Alaska, United

☆ Stocks making the biggest moves premarket: Discover Financial Services, Spirit Airlines, Humana, Hertz and more
▼ + stars: | 2024-01-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Discover Financial Services — The financial services stock dropped more than 7% after posting mixed fourth-quarter results. Hertz — The automotive rental company's stock climbed about 6% following an upgrade to overweight from Morgan Stanley earlier on Thursday. Kinder Morgan — Shares of the energy infrastructure company fell less than 1% after Kinder Morgan's fourth-quarter revenue came in lower than expected. Fastenal — The industrial supplies company added 4% after posting fourth-quarter earnings that exceeded analyst expectations. Humana — The health insurance company lost more than 14% on Thursday after guiding for full-year 2023 adjusted earnings of $26.09 per share.

Persons: Hertz, Morgan Stanley, Adam Jonas, Hertz's, BofA, Ranjan Sharma, Kinder Morgan —, Kinder Morgan's, Kinder, Fastenal, Chris Caso, — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Jesse Pound, Pia Singh, Samantha Subin Organizations: Discover Financial, Apple, Bank of America, Spirit Airlines, JetBlue, Citi, Spirit, Alaska Air Group —, Boeing, Alaska Airlines, Federal Aviation Administration, JPMorgan, Wolfe Research, Humana, Alcoa, Revenue Locations: Singapore

☆ Flight disruptions linger as winter storms, Max 9 grounding snarl travel
▼ + stars: | 2024-01-16 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continued to disrupt travel for millions of travelers. Airlines canceled or delayed about 60% of flights at New York's LaGuardia Airport. At nearby Newark Liberty International Airport, a hub for United , more than 35% of flights were canceled or delayed. Reagan Airport saw more than 40% of its flights canceled or delayed. Alaska canceled more than 15% of its flights Tuesday, while United canceled about 12%.

Persons: Washington's Ronald Organizations: Denver International Airport, Airlines, D.C, U.S, National Weather Service, Washington's Ronald Reagan National Airport, LaGuardia, Newark Liberty International Airport, United, Reagan, Southwest Airlines, Boeing, Max, Alaska Airlines, CNBC PRO Locations: Denver , Colorado, U.S, New York, Washington, New, Alaska

☆ Boeing’s stock tumbles after report warns investigation will open ‘a whole new can of worms’
▼ + stars: | 2024-01-16 | by ( David Goldman | ) edition.cnn.com time to read: +8 min

The Wells Fargo report, entitled “FAA audit opens up a whole new can of worms,” noted that Boeing’s quality control and engineering problems have been ongoing for years. After part of an Alaska Airlines] 737 Max 9 jet fell off the plane mid-flight, the likelihood of the US Federal Aviation Administration coming out of its investigation without significant findings was very low. The FAA last week opened an investigation into Boeing’s quality control after the Alaska Airlines incident. He also said Boeing is now more closely monitoring the work of a key supplier that builds the 737 Max fuselage. Wells Fargo analysts noted in their report that the FAA investigation could take some time to complete, noting many of its probes remain “under investigation” months after the original incidents.

Persons: Wells, ”, Max, Boeing “, Kirkland H, Donald “, Donald, David Calhoun, Stan Deal, Deal, Mike Whitaker, Calhoun, Jennifer Homendy, United Airlines —, —, Pete Muntean, Chris Isidore, Ramishah Maruf Organizations: New, New York CNN, Boeing, Wall, FAA, Alaska Airlines, US Federal Aviation Administration, NTSB, US, CNN, National Transportation, United Airlines Locations: New York, Portland , Oregon, Alaska, United, Indonesia, Ethiopia

☆ Southwest flight cancellations are piling up today. It’s not what you think
▼ + stars: | 2024-01-15 | by ( Eva Rothenberg | Pete Muntean | ) edition.cnn.com time to read: +5 min

New York CNN —Flight cancellations across the country continue to cause headaches for thousands of travelers, and Southwest is topping the list of most-affected airlines for the second consecutive day. Saturday and Sunday saw more than 16,500 flights delays and nearly 3,000 cancellations across the United States, according to FlightAware. The Federal Aviation Administration instated the order after a piece of the fuselage blew off an Alaska Airlines flight on January 5 with 177 people on board. United has canceled nearly 13% of its flights, making it the second most affected airline behind Southwest, which doesn’t fly any Max 9 planes. Alaska Airlines experienced the third-highest rate of cancellations on Sunday, having called off about 15% of its total flights.

Persons: ”, “ Organizations: New, New York CNN, Rockies, Southwest, CNN, Southwest Airlines, National Weather Service, NWS, American Airlines, Dallas, Fort Worth International, Alaska Airlines, Boeing, Max, Federal Aviation Administration Locations: New York, Southwest, Texas, Oregon, Mississippi, Memphis, Dallas, Nashville, Chicago, Denver, DFW, United States, United, Portland , Oregon

☆ Flight delays and cancellations: Winter weather conditions impact flights nationwide for third consecutive day
▼ + stars: | 2024-01-14 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

While an improvement from Saturday’s nearly 8,000 delays and 1,400 cancellations, the nightmarish travel weekend has seen more than 11,000 total flight delays. Denver, which is under a winter storm warning until Monday evening, saw 10% of its airport’s incoming flights canceled today. Last week, more than 200 United and Alaska Airlines flights were canceled each day due to the federally mandated grounding of Boeing 737 Max 9 aircraft. The Federal Aviation Administration instated the order after a piece of the fuselage blew off an Alaska Airlines flight on January 5 with 177 people on board. Alaska Airlines experienced the third-highest number of cancellations on Sunday, having called off nearly a quarter of its total flights.

Persons: Dallas, United Organizations: New, New York CNN, O’Hare, Buffalo Niagara International, National Weather Service, Dallas ’ Love, Alaska Airlines, Boeing, Max, Federal Aviation Administration, Southwest Locations: New York, United States, Denver, Chicago, Buffalo , New York, Texas, Virginia, Tennessee, Arkansas . Texas, United, Portland , Oregon

☆ Opinion: We’ll finally get some answers from Iowa about Trump
▼ + stars: | 2024-01-14 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

It is a feat former President Donald Trump is trying to duplicate this year. The first true test of Trump’s comeback occurs Monday in Iowa, where caucusgoers will venture into sub-zero temperatures to choose between Trump, Florida Gov. After months of speculation, we’ll finally get some answers to a few questions: Is there an opening for any Republican aside from Trump? Most of our contributors thought Haley won Wednesday’s CNN debate in Iowa against DeSantis, but Trump’s absence from the stage again loomed large. “Haley sounded like someone looking to take on the genuine article — the Republican frontrunner,” wrote W. James Antle III.

Persons: George Washington’s, Grover Cleveland, ”, Troy Senik, Donald Trump, Cleveland, “, —, Republican frontrunner’s, Cleveland didn’t, Benjamin Harrison —, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, we’ll, Will DeSantis, he’s, Haley, Wednesday’s, “ Haley, James Antle III, ’, ” Clay Jones, Chris Christie, Trump, ” Antle, who’s, Facebook Sophia, Nelson, “ Haley isn’t, Todd Graham, she’d, it’s, ” DeSantis, John Avlon, Laurence Tribe, Norman Eisen, Taylor Redd, Florence Pan, John Sauer, ” Bill Bramhall, Frida Ghitis, Ghitis, DeSantis, Julian Zelizer, Dean Obeidallah, Nikki Haley’s Lisa Benson, Peter Bergen, Prince Mohammed Bin Salman, Biden, ” Walt Handelsman, Max, Drew Sheneman, Hassan Shahidi, Shahidi, Oprah, Oprah Winfrey, John Salangsang, Adrienne Bitar, WeightWatchers, couldn’t, Rose Blanchard, Sarah Gundle, Blanchard, Claudine ‘ Dee Dee ’ Blanchard, Gypsy Rose, ” Dee Dee, Gundle, Dee Dee Blanchard, Pope Francis, ” Jill Filipovic, Filipovic, Pope, ” Lloyd Austin’s, Lloyd Austin, Joe Biden, Austin, isn’t, Bill Bramhall, “ Oppenheimer, “ Barbie, “ Barbie ”, Gene Seymour, Oppenheimer, Emma Stone, ” Seymour, Don’t, Michael Bociurkiw, Ukraine Lanhee J, Chen, Noah Berlatsky, Belichick Bill Belichick, Vince Lombardi, Jeff Haynes, Bill Belichick, Will Leitch, Jeff Pearlman, Nick Saban, ” “ Belichick, Saban, ’ Pearlman, Lou Piniella, ‘ Organizations: CNN, University of Michigan, Cleveland, Republican, Trump, Trump , Florida Gov, Wednesday’s CNN, DeSantis, New, New Jersey Gov, Twitter, Facebook, Florida Gov, DC, Agency, Capitol, GOP, US, UK, Alaska Airlines, Boeing, Max, Portland International, Flight, Foundation, Golden Globe, Globes, Catholic, Biden, Warner Bros ., Academy, Hollywood Foreign Press Association, Belichick, New England Patriots, Reliant, Patriots, Carolina Panthers, Getty, Super, Football, NFL, Minor League NFL, University of Alabama, Schlitz, Seattle Mariners Locations: Cleveland, Iowa, Trump , Florida, Trump, New Hampshire, New Jersey, Graham, Houthi, Yemen, Red, “, Saudi Arabia, Saudi, Bergen, Iran, Iraq, Iranian, Oregon, Beverly Hills , California, Ukraine, Houston , Texas, AFP, Swiss

New York CNN —Winter weather, combined with the grounding of Boeing 737 Max 9 aircraft, is causing major disruptions for air travel. There have been more than more than 2000 flight cancellations Friday, the highest number since July 2023, data from the tracking site FlightAware show. Cancellations due to the grounding of the 737 Max 9 planes are also contributing to the totals. More than 200 United and Alaska Airlines flights have been cancelled each day this week due to the FAA-mandated grounding. 737 Max 9 delaysPassengers on Alaska Airlines and United Airlines have been marred by hundreds of flight cancellations this week.

Persons: Max, ”, “, Boeing “, Dave Calhoun, Calhoun, Jennifer Homendy, CNN’s “ Anderson Cooper, Scott Kirby, Pete Buttigieg, United, CNN’s Marnie Hunter, Forrest Brown, Paradise Afshar, Elizabeth Wolfe, Gregory Wallace, Pete Muntean, Sara Smart, Chris Isidore Organizations: New, New York CNN, Boeing, Max, Midway, Alaska Airlines, FAA, United Airlines, Federal Aviation Administration, CNN, United, Tech Ops, NTSB, Wednesday, CNBC, ”, Transportation, “ Boeing Locations: New York, O’Hare, Denver, Milwaukee, United, Portland , Oregon, Alaska, Oregon, Washington, Paradise

☆ Flight cancellations pile up as winter storm, 737 Max 9 grounding disrupt travel
▼ + stars: | 2024-01-12 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Airlines canceled more than 3,000 U.S. flights Friday as they grappled with winter weather and the grounding of Boeing 737 Max 9 planes. United canceled about 10% of its mainline flights and delayed about 30%. That grounding has continued to disrupt travel for United and Alaska Airlines, the only U.S. airlines operating the aircraft. Alaska said that between 110 and 150 flights per day would be impacted by the grounding of the Max 9. United Airlines said it canceled flights scheduled to use a Max 9 through Tuesday.

Persons: Max Organizations: Airlines, Boeing, Max, Midwest, U.S, United Airlines, American Airlines, Detroit Metropolitan Wayne County Airport, Delta Air Lines, Southwest Airlines, Chicago Midway, United, Federal Aviation Administration, Alaska Airlines, FAA Locations: U.S, Chicago, Detroit, United, Alaska

☆ FAA keeps Boeing’s 737 Max 9 grounded as it reviews inspections and data
▼ + stars: | 2024-01-12 | by ( Pete Muntean | ) edition.cnn.com time to read: +6 min

CNN —The Federal Aviation Administration said on Friday that after reviewing Boeing’s instructions for inspecting grounded 737 Max 9 planes, it has decided to seek more information before allowing the plan to proceed. One hundred and seventy-one of the planes remain grounded in the United States as airlines Alaska and United await updated emergency inspection guidance from the FAA. The FAA said it plans to collect data from the inspection of 40 of the planes using Boeing’s procedures before deciding whether the process will work for the rest of the grounded planes. It’s unclear whether the 40 planes will come from the Alaska Airlines fleet or the United Airlines fleet – the two airlines that fly this model of aircraft – or both. The agency’s latest move comes as the FAA also plans to audit the Boeing 737 Max 9 production line and its suppliers, with a focus on ensuring quality control.

Persons: “, Mike Whitaker, ”, Whitaker, ” Whitaker, David Calhoun, “ We’re, ” Calhoun, Dave Calhoun, Calhoun, ” Jennifer Homendy, CNN’s Poppy Harlow Organizations: CNN, Federal Aviation Administration, FAA, Boeing, Max, Alaska Airlines, United, United Airlines, Wednesday, CNBC Locations: United States, Alaska, ”, Indonesia, Ethiopia

☆ The 10 most expensive states to retire in
▼ + stars: | 2024-01-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Read previewYou will need upwards of $1 million for a comfortable 25-year retirement in 16 states — and $2 million in Hawaii. And for a 30-year retirement in the 10 most expensive states, you'll need over $1.3 million. AdvertisementFor instance, GOBankingRates noted the annual price of groceries in Hawaii was $5,339, while annual housing costs were over $35,800. California's minimum for 25 years of comfortable retirement was $1.43 million, well above New York's at $1.29 million. AdvertisementConversely, West Virginia, Mississippi, and Oklahoma were the three most affordable states for a comfortable retirement.

Persons: —, GOBankingRates, Charles Schwab, Schroders Organizations: Service, Business, Bureau of Labor Statistics, Survey, Missouri Economic Research, Information Center, Social Security, Utilities, New York, AARP Locations: Hawaii, Massachusetts , California, New York, Missouri, Massachusetts, California, New, Florida, Alaska, West Virginia , Mississippi, Oklahoma, West Virginia, Mississippi

☆ F.A.A. Investigating Whether Boeing 737 Max 9 Conformed to Approved Design
▼ + stars: | 2024-01-11 | by ( Mark Walker | More About Mark Walker | ) www.nytimes.com time to read: +1 min

The Federal Aviation Administration said on Thursday that it had opened an investigation into whether Boeing failed to ensure that its 737 Max 9 plane was safe and manufactured to match the design approved by the agency. said the investigation stemmed from the loss of a fuselage panel of a Boeing 737 Max 9 operated by Alaska Airlines shortly after it took off on Friday from Portland, Ore., leaving a hole in the side of the passenger cabin. said that after the Portland incident, it was notified of additional issues with other Max 9 planes. The new investigation is the latest setback for Boeing, which is one of just two suppliers of large planes for most airlines. The company has struggled to regain the public’s trust after two crashes of 737 Max 8 jetliners, in Indonesia in 2018 and Ethiopia in 2019, killed a total of 346 people.

Persons: Max, jetliners Organizations: Federal Aviation Administration, Boeing, Max, Alaska Airlines, United Airlines Locations: Portland ,, Portland, Alaska, United, United States, Indonesia, Ethiopia

☆ States have been eliminating taxes on period products for years. Here’s where you'll still pay them.
▼ + stars: | 2024-01-10 | by ( Aria Bendix | Joe Murphy | ) www.cnbc.com time to read: +6 min

Texas was the most recent: Since September, there has been no state sales tax on period products there. Over the last four decades, states with sales tax have been enacting laws that eliminate such taxes on menstrual products. Most states don't tax certain essential goods, such as grocery store produce, canned food and prescription medicines. "It's like, 'Do I spend money on gas to get to school or do I buy period products? In the future, states might also consider bills that make period products free in public restrooms, she added.

Persons: Lacey Gero, We've, Lisa Willner, bode, Jhumka Gupta, Gero, Willner, that's Organizations: Republican, Democrat, Alliance, George Mason University, Kentucky, D.C Locations: Alaska , Delaware , Montana , New Hampshire, Oregon, Texas, Kentucky, Minnesota, Washington, U.S, Alabama, Arizona , Michigan, New Mexico , New Jersey, Ohio, Ann Arbor , Michigan

☆ ‘Every detail matters’: Boeing CEO admits mistake as investigators probe midair panel blowout
▼ + stars: | 2024-01-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

The Federal Aviation Administration grounded the 737 Max 9s less than a day after the incident on Alaska Airlines Flight 1282 so the jets could be inspected. Alaska on Wednesday said it would cancel all flights that were scheduled to use a 737 Max 9 through Saturday, amounting to 110 to 150 flights per day, while the inspections take place. No one was seated in 26A on the flight, which was next to the panel that blew out, saving passengers from a possible tragedy. "We're not going to point fingers there, because yes it escaped their factory, but then it escaped ours too," Calhoun told CNBC's Phil LeBeau on Wednesday. Alaska Airlines and United Airlines , the two largest operators of the 737 Max 9, said on Monday that they have each already found loose parts on the same area of other Max 9s that underwent review.

Persons: Dave Calhoun, Max, Calhoun, I've, Aerosystems, We're, CNBC's Phil LeBeau Organizations: Alaska Airlines, Federal Aviation Administration, Boeing, . Alaska Airlines, United Airlines Locations: Alaska

☆ What travelers need to know about the Boeing 737 Max 9 grounding
▼ + stars: | 2024-01-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Ntsb | Via ReutersAirlines have canceled hundreds of flights since the Federal Aviation Administration ordered carriers to take Boeing 737 Max 9 planes out of service for urgent inspections. The FAA grounded more than 170 Boeing 737 Max 9 planes so they can be inspected after a door plug panel blew out on Alaska Airlines Flight 1282 on Friday. United Airlines and Alaska Airlines are the biggest operators of the Boeing 737 Max 9, with 79 and 65 of the planes in their fleets, respectively. United canceled 229 mainline flights on Monday, representing about 8% of its schedule, according to FlightAware. The more common Boeing 737 Max 8 plane is not affected.

Persons: Aeromexico, it's, United Organizations: Alaska Airlines Flight, Boeing, National Transportation Safety, Ntsb, Via Reuters Airlines, Federal Aviation Administration, Max, FAA, Alaska Airlines, United Airlines, United, Copa Locations: Alaska, Portland , Oregon, Ontario , California

☆ FAA grounds more than 170 Boeing 737 Max 9s after section of Alaska Airlines plane blows out
▼ + stars: | 2024-01-06 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

Alaska and United Airlines said late Saturday that they were grounding their entire fleets of Boeing 737 Max 9s. "Safety will continue to drive our decision-making as we assist the NTSB's investigation into Alaska Airlines Flight 1282," FAA Administrator Mike Whitaker said in a statement. The FAA has heavily scrutinized the Boeing 737 Max since two fatal crashes grounded the jetliner worldwide almost five years ago. The section of the fuselage missing appeared to correspond to an exit not used by Alaska Airlines, or other carriers that don't have high-density seating configurations, and was plugged. Before the FAA issued its directive, Alaska Airlines earlier said it would ground its fleet of Boeing 737 Max 9 planes.

Persons: depressurization, Mike Whitaker, Max, Jennifer Homendy, Homendy, Sara Nelson, Anthony Brickhouse, Brickhouse Organizations: Alaska Airlines, Federal Aviation Administration, Boeing, Max, United Airlines, Alaska Air, FAA, National Transportation, Association of Flight, CWA, United, Embry, Riddle Aeronautical University Locations: Ontario, California, Portland , Oregon, U.S, Portland, Ontario , California, Alaska

☆ New Year's resolutions aren't just for grown-ups. These are the goals I've set for my 8-year-old son and blended family.
▼ + stars: | 2023-12-29 | by ( Sara Lyle | ) www.businessinsider.com time to read: +6 min

It was also a much-needed break from the stress of the past two years due to COVID and a divorce. However, this year's resolutions aren't just for me but also for my son, husband, and two stepsons — even if I haven't told them yet. These are the resolutions I'll be striving to meet — along with my husband and kids — over the upcoming 365 days. Explore our surroundings, preferably by footOne of my favorite things is walking — the more interesting the path or place, the better. Move more — and do it togetherThe author and her stepson at an AirSoft center, a favorite family activity.

Persons: —, Sara Lyle, I'd, It's Organizations: Service, Business, American Academy of Pediatrics, YMCA Locations: Singapore, Hawaii, Alaska, Tokyo, Houston, Orlando, Oahu, Sweden, Colorado, Glenwood Springs , Colorado

☆ Stocks making the biggest moves midday: Spotify, Virgin Galactic, Lululemon and more
▼ + stars: | 2023-12-04 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Lululemon — Shares declined 2% after Wells Fargo downgraded the athleisure company to equal weight from overweight. The firm said Lululemon's prior positive catalysts have already played out, and it forecasts more muted growth in 2024. Spotify — Shares added 8.8% after the music streaming company announced it would lay off 17% of its workforce. The three stocks will replace Sealed Air , Alaska Air Group and SolarEdge Technologies . Virgin Galactic — Shares of the space company plunged nearly 15%.

Persons: Wells, MicroStrategy, Dow, FirstSource, Richard Branson, Branson, KeyBanc, Carvana, Morgan Stanley, — CNBC's Hakyung Kim, Jesse Pound, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: Marathon, Spotify, Technologies, Uber Technologies, Dow Jones, Builders, Alaska Air Group, SolarEdge Technologies, Galactic —, Financial, United, JPMorgan, Alaska Air Group —, Hawaiian Airlines, Alaska Air, Hawaiian Holdings, General Motors, Cadillac, Chevrolet, Mizuho Securities, United Auto Workers, Palo Alto, Palo Alto Network Locations: MicroStrategy, British, Seattle, Palo

☆ Airline investors have reason to grab the barf bag
▼ + stars: | 2023-12-04 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

NEW YORK, Dec 4 (Reuters Breakingviews) - Lately, when airlines suggest a thrilling deal, investors are left feeling queasy. Look at Alaska Air (ALK.N), whose shares cratered 15% on Monday after announcing the acquisition of struggling Hawaiian (HA.O). As happened when first Frontier (ULCC.O) and JetBlue Airways (JBLU.O) bid for Spirit Airlines (SAVE.N) in 2022, though, the buyer’s shareholders are balking. But it suggests that, by tying up, smaller airlines risk combining their woes. The deal comes as a lawsuit by the Department of Justice looking to block the merger of Spirit Airlines and JetBlue Airways heads to closing arguments on Dec. 5.

Persons: they’ll, trustbusters, nix, Pete Buttigieg doesn’t, Lauren Silva Laughlin, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, Alaska Air, JetBlue Airways, Spirit Airlines, Department of Transportation, of Justice, Department of Justice, Thomson Locations: Lahaina, Maui, Alaska, Hawaii

☆ Alaska-Hawaiian merger faces a Justice Department that has been skeptical of airline deals
▼ + stars: | 2023-12-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. It could be the latest in a string of challenges brought by President Joe Biden's Justice Department against airline deals it views as anticompetitive. Alaska Air Group 's executives spent months working on its plan to buy rival Hawaiian Airlines . The Alaska-Hawaiian and JetBlue-Spirit deals are different in approach, but the Alaska acquisition could still face hurdles with regulators. "We have very similar product offerings and we have very limited network overlap."

Persons: Joe Biden's, William Kovacic, Shane Tackett, Samuel Engel Organizations: Alaska Airlines, U.S, Capitol, Reagan National Airport, JetBlue, Joe Biden's Justice Department, Alaska Air Group, Hawaiian Airlines, Spirit, Virgin America, Airbus, Boeing, The, George Washington School of Law, Federal Trade Commission, CNBC, Boston University's Questrom School of Business, ICF Locations: Arlington , Virginia, U.S, The Alaska, Hawaii, Southwest, Asia, Delta, United, Alaska, anticompetitive, Pacific

☆ CNBC Daily Open: 'Premature' to talk about cutting rates?
▼ + stars: | 2023-12-04 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. S&P 500 soars to 2023 highThe S&P 500 rose 0.59% Friday and closed at a new high for 2023, extending a strong rally from November. Uber gets a spot in the S&P 500Uber will be added to the S&P 500 Index, replacing Sealed Air Corp. [PRO] China's version of Spotify is 'underappreciated,' Morgan Stanley saysTencent Music Entertainment "music value [is] still underappreciated," Morgan Stanley says even as the company is convincing more people in China to pay for music.

Persons: Powell, Jerome Powell, Uber, Morgan Stanley, Tencent Organizations: CNBC, Federal, Treasury, Nasdaq, Dow Jones, Alaska Airlines, Hawaiian Airlines, Sealed Air Corp, Spotify Locations: West Coast . Alaska, China, U.S

☆ Stocks making the biggest moves premarket: Uber, Coinbase, Spotify, Alaska Air and more
▼ + stars: | 2023-12-04 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Uber Technologies — The ride-hailing stock rose 4% after S & P Dow Jones Indices on Friday said it will enter the S & P 500, along with Jabil and Builders FirstSource . The three will replace Sealed Air , Alaska Air Group and SolarEdge Technologies . Alaska Air Group — The Seattle-based carrier slid 12% after agreeing to acquire Hawaiian Airlines for $1.9 billion. Alaska Air, which would pay $18 a share, would take on $900 million in debt as part of the deal. Alaska Air is also coming out of the S & P 500 index.

Persons: —, Coinbase, MicroStrategy, Dow, Wells, Carvana, — CNBC's Michelle Fox, Hakyung Kim, Pia Singh, Samantha Subin Organizations: Marathon, Technologies, Dow Jones, Builders, Alaska Air Group, SolarEdge Technologies, General Motors, Cadillac, Chevrolet, Mizuho Securities, GM, United Auto Workers, Spotify, CNBC, Hawaiian Airlines, Alaska Air, Hawaiian Holdings, Alaska, JPMorgan Locations: Seattle

SEATTLE (AP) — Alaska Airlines said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal, including debt, putting it on track for a potential clash with a Biden administration that has shown wariness about higher fares in the industry. The deal also includes $900 million in Hawaiian debt, which the airlines said brings the acquisition's total value to $1.9 billion. The combined airline would be based in Seattle, with Alaska Airlines CEO Ben Minicucci at its head. Both Hawaiian and Alaska are leading airlines flying between Hawaii and the U.S. mainland, which could raise concerns about lessened competition. The Alaska and Hawaii companies expect the deal to close in 12 to 18 months.

Persons: Ben Minicucci, they're “, Minicucci, Biden Organizations: SEATTLE, Alaska Airlines, Hawaiian Airlines, Biden, oneworld Alliance, American Airlines, British Airways, Cathay, Cathay Pacific ., Pacific, Inter, Island Airways, ”, Hawaiian Holdings, Sprit Airlines, Justice Department, JetBlue, U.S . Department of Transportation Locations: Alaska, Seattle, Cathay Pacific, Cathay Pacific . Alaska, United States, Americas, Asia, Australia, Honolulu, Hawaii, North America, Hawai'i, aloha, U.S

☆ Five-member family identified among victims of Alaska landslide
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] An aerial view of mud and forest debris that buried a stretch of the Zimovia Highway a day after a landslide struck an area of Wrangell, Alaska, U.S., November 21, 2023. The heavily wooded mountainside gave way on Monday night above the Zimovia Highway following a storm that lashed the region with heavy rain and high winds. The agency identified the three confirmed fatalities as Timothy Heller, 44; his wife, Beth Heller, 36; and their 16-year-old daughter, Mara. The third missing person was identified as 65-year-old Otto Florschutz, whose wife, Christina, 63, was found alive but injured on Tuesday morning. No one was home in the third house destroyed by the landslide, officials said.

Persons: Austin McDaniel, Timothy Heller, Beth Heller, Mara, Derek, Kara Heller, Otto Florschutz, Christina, Steve Gorman, Leslie Adler Organizations: Alaska Department of Transportation, REUTERS Acquire, Public Safety Department, Thomson Locations: Wrangell , Alaska, U.S, Alaska, Wrangell, Alaska Panhandle, Juneau, Los Angeles

☆ Native American populations are ‘invisible’ to banks. That needs to change
▼ + stars: | 2023-10-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +13 min

Before the Bell: What do investors need to know about investing in Native American and Alaskan Native communities? Dawson Her Many Horses: Native American and Alaskan Native communities are more than an ethnic group or racial category. The National League Gaming Commission, which is the regulator for Native American casinos, publishes a yearly report on gross gaming revenues for casinos. When you look at some of the research that gets done, Native American and Alaskan Native households are almost always the most underbanked. People like to focus on what I call the ‘poverty porn’ aspects of Native American and Alaskan Native communities.

Persons: Dawson, “, “ I’ve, ”, Bell, Banks, Wells, That’s, we’ve, Wells Fargo, they’re, Danielle Wiener, Bronner, Kit Kat, ” Hershey, Michele Buck, It’s, Dan Sadler, Covid shutdowns Organizations: CNN Business, Bell, New York CNN, CNN, Wells, Rosebud Sioux, The National League Gaming Commission, Bank of America, Federal, American Finance, Silicon Valley Bank, Hershey, Consumers, Dow, Federal Reserve, Apple Locations: New York, Rosebud, South Dakota, Wells Fargo, United States, Federal Government, Silicon, New York City, Alaska, Oklahoma, confections

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