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To that end, CNBC Pro used its stock screener tool to find the most overbought and oversold names on Wall Street, employing the 14-day relative strength index, or RSI, as a metric. Stocks that have a 14-day RSI above 70 are said to be overbought, indicating that shares might soon be due for a pullback. Microsoft was among the most overbought stocks this week, with an RSI of 74. Analyst price targets suggest more than 37% upside, per LSEG. With a RSI of about 19, real estate data firm CoStar Group was also among the most oversold stocks.
Persons: Nvidia, Brent Thill, Morgan Stanley, Meta Marshall, Vasu Raja, AAL, Ravi Shanker, Nicholas Jones, CSGP, , Fred Imbert Organizations: CNBC Pro, Microsoft, Jefferies, American Airlines, U.S, JMP Securities Locations: Corning
A Southwest Airlines flight dropped to just 525 feet above the ground on Wednesday. The incident prompted an altitude warning and an FAA investigation. A Southwest flight dropped dangerously low off the coast of Hawaii in April. AdvertisementA Southwest Airlines flight dropped dangerously low over an Oklahoma town while preparing to land on Wednesday. The Federal Aviation Administration is investigating Southwest Flight 4069 after the aircraft descended to just 525 feet above the ground, the agency said this week.
Persons: , Will Organizations: Southwest Airlines, FAA, Service, Airlines, Federal Aviation Administration, Southwest, Will Rogers, Airport, Business Locations: Hawaii, Oklahoma, Oklahoma City
New York CNN —Alaska Airlines and its 7,000-member flight attendants union reached a tentative labor deal late Friday, concluding talks that lasted more than a year and a half. In February, flight attendants from Alaska — along with American, United and Southwest —held unprecedented coordinated pickets demanding new contracts. Maller was one of the flight attendants on the Alaska Airlines Flight 1282, which drew international attention on January 5 when a door plug blew off, leaving a gaping hole in the side of the plane. But he said he picketed because the existing contract did not provide a livable wage for too many flight attendants. Maller said he has worked at times as a bartender and that most flight attendants he knows also have second jobs.
Persons: they’ve, we’ve, Steve Maller, Maller, , he’s Organizations: New, New York CNN, Alaska Airlines, Railway Labor Act, Alaska —, United, Southwest —, Southwest, Railway Labor, CNN, Alaska Airlines ’ Locations: New York, Alaska
How the vodka soda became 'gay water'
  + stars: | 2024-06-22 | by ( Alex Harring | ) www.cnbc.com   time to read: +11 min
The combination of soda water and vodka has long been a fixture of boozy LGBTQ+ life, particularly among gay men. One of those came from Houston-based lawyer Jeff Watters, who called the vodka soda the "gay water" of the nighttime in a post on X. Retail is also central to the business for Gay Water, a startup offering canned cocktail variations of vodka soda. The former's vodka soda citrus is 100 calories per can, while Gay Water contains 80. The Gay Bar Shop, a specialty retailer, sells an 11-ounce, $49 candle that smells like a vodka soda with a lime garnish.
Persons: Emily Rabbideau, Justin Ruka, Orlando, Ruka, seltzer, Lucas Hilderbrand, Justin, Jeff Watters, Coke, Watters, Hilderbrand, Mary Holt, Holt, Eric Einstein, Einstein, Brendan Oudekerk, bartenders, Rose Kennedy, Tom Campbell, Campbell, James Delos Reyes, that's, Spencer Hoddeson, Hoddeson, Bud Light, Kylie Jenner's, Boston Beer, Victor Tran, Tran Organizations: Love, Alaska Airlines, CNBC, University of California, San Francisco, Gay, New York City, Washington , D.C, New, Boston Beer, Boston, Gay Water Locations: San Francisco, Irvine, Houston, bartenders, Lawrence , Kansas, New York, Washington ,, West Hollywood, influencers, New York City, Gopuff, Virginia
A Southwest Airlines plane descended prematurely on Wednesday over Oklahoma City, startling residents miles from the airport, before regaining altitude and then landing safely. The plane then ascended again to about 3,000 feet before landing successfully at its planned destination, Will Rogers World Airport, at 12:16 a.m. local time. An automated warning was triggered by the low altitude, and an air traffic controller alerted the pilots, the Federal Aviation Administration said in a statement. “Southwest 4069, low altitude alert. You good out there?” the controller can be heard saying in a recording from LiveATC.net provided to The Oklahoman newspaper.
Persons: Will Rogers, LiveATC.net Organizations: Southwest Airlines, Oklahoma City, Boeing, Associated Press, Federal Aviation Administration, Oklahoman Locations: Las Vegas, Oklahoma
A Malaysia Airlines Boeing flight bound for Kuala Lumpur had to turn back after takeoff. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Malaysia Airlines flight from Hyderabad, India, to Kuala Lumpur, Malaysia, had to return shortly after takeoff on Thursday night. A video taken from inside the aircraft, posted by The Straits Times, showed its engine on fire with sparks flying out behind it. The fire broke out 15 minutes after the plane took off, per The Straits Times.
Persons: Organizations: Malaysia Airlines Boeing, Service, Malaysia Airlines, The Straits Times, Straits Times Locations: Kuala Lumpur, Hyderabad, India, Malaysia
A United Airlines Airbus A320 flight bound for Denver had to turn back after takeoff. A piece of its engine's sound-dampening outer liner fell off, causing an "abnormal noise." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA United Airlines flight from Connecticut to Colorado had to turn back shortly after takeoff after a piece of its engine cover fell off. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: United Airlines Airbus, Service, United Airlines, Airbus, Bradley International Airport, Federal Aviation Administration, Crew, FAA, Business Locations: Denver, Connecticut, Colorado, Hartford
An Alaska Airlines Boeing 737-9 MAX sits at gate at O'Hare International Airport in Chicago, Illinois on May 22, 2024. Alaska Airlines ' flight attendants union said Friday that it reached a "record" tentative labor deal with the carrier, ending a drought of new contracts for cabin crews that have clamored for pay raises for years. It will be reviewed by union leadership and then voted on by rank and file members, the Association of Flight Attendants said. A day earlier, American Airlines ' flight attendants union said talks had broken down for a new contract, and that its members should prepare for a possible strike. United Airlines is also negotiating a new contract with its flight attendants union.
Persons: weren't, we've Organizations: Alaska Airlines Boeing, International, Alaska Airlines, Association of Flight, American Airlines, Airlines, U.S Locations: Chicago , Illinois
AdvertisementMy backpack fits perfectly inside the personal item size checker on both Frontier and Spirit. Further, the carry-on bag restrictions vary slightly at 24 x 16 x 10 inches and 22 x 18 x 10 inches, respectively. These rules are found on the airline's websites, and the same goes for other global ULCCs like Ryanair and Allegiant Air. AdvertisementDo the math before you book a ULCCI only pay for an extra bag or a seat when absolutely necessary on a ULCC. Once you add the cheapest seat for $39 each way and a carry-on bag for $69 each way, the total price is $413.
Persons: , Taylor Rains, I've, Joey, Hannah Towey Organizations: Service, Business, Frontier Airlines, Spirit Airlines, Frontier, Ryanair, Allegiant Air, Priceline, United, Delta, Google, Las, Spirit Locations: New York City, Orlando, Denver, Seattle, Delta, Las Vegas, Chicago, Buffalo
The seatbelt light. Pete Syme/Business InsiderKeep your seatbelt onSpeaking of unbuckling seat belts, 47% of respondents said it is acceptable to do so when the seatbelt light is switched off. AdvertisementI think there's a fundamental disconnect between what switching off the seatbelt light means to the flying public and what it actually means. Switching off the light means passengers may now safely get up to use the lavatory or retrieve something from the overhead compartment. Even though aircraft are vacuumed in fairly frequent intervals, their carpets see a lot of passengers between more thorough cleanings.
Persons: , Pete Syme, it's, Ming Tung Organizations: Service, Business, Air, Toronto Locations: Air France
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUK-based startup Global Airlines, which planned to begin flying Airbus A380s between New York and London as early as summer 2024, is already delaying its launch to 2025. "[Operations] and maintenance timelines, like for any airline, have led us to reappraise when we'll be operational," the spokesperson said. Global Airlines' first Airbus A380 at Glasgow Prestwick Airport. The carrier recently announced a chauffeur service that it hopes will set it apart from the competition.
Persons: , FlightGlobal, James Asquith, Bob Logan, Asquith Organizations: Service, Global Airlines, Business, Global, China Southern Airways, Glasgow Prestwick Airport, Air, Thai Airways, Airbus, Qatar Airways, Emirates, . Global Airlines, Prestwick Aviation Locations: New York, London, Scotland, Air France, Prestwick
Putin’s Presidential Planes: What We Know
  + stars: | 2024-06-19 | by ( Eve Sampson | ) www.nytimes.com   time to read: +1 min
When President Vladimir V. Putin travels abroad — as he did this week to North Korea and Vietnam to bolster alliances and nurture security ties amid Russia’s war in Ukraine — he typically flies in dated, Soviet-designed Ilyushin Il-96 series jets. With his latest trip coming shortly after aircraft crashes killed two other world leaders, President Ebrahim Raisi of Iran and Vice President Saulos Chilima of Malawi, a Kremlin spokesman felt it necessary recently to reassure the Russian public that Mr. Putin’s planes were “very reliable.”Though Russian airline carriers have abandoned Ilyushin models in favor of newer Western models — neither of the country’s two major airlines, Aeroflot and Rossiya, currently list any Ilyushin planes in their commercial passenger fleet — Mr. Putin seems steadfast in his commitment. Accompanied by fighter jets, Mr. Putin took an Il-96 on a whirlwind day trip in 2023 for talks with leaders in United Arab Emirates and Saudi Arabia. Earlier that same year, another plane in the government’s Il-96 fleet was tracked stopping at airports in Washington and New York to retrieve Russian diplomats who the Kremlin said had been ordered to leave the United States.
Persons: Vladimir V, Putin, , Ebrahim Raisi, Saulos Chilima, Mr Organizations: Kremlin, Aeroflot, Rossiya, United Locations: North Korea, Vietnam, Ukraine —, Soviet, Iran, Malawi, Russian, United Arab Emirates, Saudi Arabia, Washington and New York, United States
New York CNN —Families that lost loved ones in two Boeing 737 Max crashes said on Wednesday that the company committed the “deadliest corporate crime in US history” and asked the Justice Department to fine the company the maximum $24 billion it could face in a criminal trial. The families wrote to the Department of Justice asking for the fine as the US government considers criminal prosecution of Boeing. The letter also asks the Justice Department for an independent corporate monitor to oversee Boeing’s safety measures and to direct it in its efforts to improve its quality. The 2021 deferred prosecution agreement that Boeing reached with the Justice Department was harshly criticized by the family members and some members of Congress at that time. Boeing agreed to pay $2.5 billion, but most of that money - $1.77 billion – was paid to the airlines that owned the grounded planes, money that Boeing had already agreed to pay.
Persons: Max, Dennis Muilenburg, , Paul Cassell, , Dave Calhoun, – CNN’s Evan Perez Organizations: New, New York CNN, Boeing, Justice Department, Department of Justice, The Justice Department, Department, Alaska Airlines, DOJ, Republican, Democratic, FAA Locations: New York, Indonesia, Ethiopia, Alaska
New York CNN —For all the mistakes and safety problems Boeing has managed under CEO Dave Calhoun’s watch — resulting in a dozen corporate whistleblowers, multiple groundings and a chunk of a plane’s fuselage literally blowing off in midair — virtually no one has held him to account. But when pressed on taking personal responsibility, Calhoun deflected, over and over. “I am proud of every action we have taken,” Calhoun said when pressed by Hawley on how he could possibly be proud of Boeing’s safety culture. “I don’t think the problem’s with the employees, actually, I think the problem’s with you. It’s the C-suite, it’s the management, it’s what you’ve done to this company,” Hawley said.
Persons: CNN Business ’, Dave Calhoun’s, lavishing, Calhoun, Republican Sen, Josh Hawley, Boeing’s machinists, hasn’t, , ” Calhoun, Hawley, ” Hawley, they’re, Democratic Sen, Richard Blumenthal didn’t, you’ve, ” Blumenthal, “ I’m, ” Richard Aboulafia, Chris Isidore, ” Aboulafia, Organizations: CNN Business, New York CNN, Boeing, Airbus, Republican, Democratic, , Federal Aviation Administration, Department, Consultancy Locations: New York
Meet the hobbyists who collect barf bags
  + stars: | 2024-06-19 | by ( Aj Willingham | ) edition.cnn.com   time to read: +12 min
CNN —“I collect barf bags” is not a complete sentence. “I collect barf bags because they’re pretty neat.”“I collect barf bags, and I’m not the only one.”Of the eight billion people on the planet, the number of serious barf bag collectors is just north of 100, according to notable members of their ranks. The ineffable whyWhen Steve Silberburg started collecting barf bags around 1981, he thought he would be the only one. People were indeed amused, but it had an unintended side effect: Classmates started bringing Silberburg other barf bags to add to his collection. “We don’t want anybody to get ahead of us, you know.”“It makes a good litmus test, telling people you collect barf bags,” Silberburg says.
Persons: CNN —, I’m, Dramamine —, Steve Silberburg, , ” Silberburg, Silberburg, Eli Cox, “ It’s, that’s, Cox, , Bob Grove, Bruce Kelly, Grove, Bob Grove's tastefully, Dramamine Bruce Kelly, Grove’s, “ I’ve, ” Kelly, Kelly, somebody’s, it’s, Bruce Kelly's, Gilmore Schjeldahl, Louis, ” Bruce Kelly, Organizations: CNN, Maine, Finn Aviation, TWA Locations: , New York City, Boston, San Francisco, Austin , Texas, San Diego, Tijuana, Burma, Myanmar, American, North Dakotan, Finnish, Omaha, St, England, Japan, Europe
CNN —At least two major airlines have warned pilots that if a bird hits one of the engines on a Boeing 737 Max, the passenger cabin could become filled with smoke. Documents newly obtained by CNN detail that Boeing warned Southwest Airlines and American Airlines of the potential problem in February and both airlines in turn sent alerts to their respective pilot groups. “Boeing has received two reports of CFM LEAP-1B engine failures following large bird strikes on takeoff and initial climb,” said the alert to American Airlines pilots. Southwest’s alert says such a strike could cause oil to burn and the “immediate presence of smoke and fumes” entering the passenger cabin “through the air conditioning system.”The issue was not made widely public until being first reported by The Seattle Times but is significant as it could signal another potential issue with 737 Max aircraft which have been dogged by manufacturing and design issues. Engine maker CFM International says their engine has met “bird ingestion certification requirements, and the engines performed as designed during these events.”The company underscored that birds in the two incidents that prompted pilot bulletins were much larger than required for certification testing and that the CFM engine still performed as designed.
Persons: , , Dave Calhoun, Max Organizations: CNN, Boeing, Max, Southwest Airlines, American Airlines of, CFM, American Airlines, The Seattle Times, CFM International, Federal Aviation Administration, ” Boeing, CFM “, FAA, Capitol Locations:
AdvertisementSouthwest is introducing new economy seats next year, adding tablet holders and power. Southwest could charge for bags — one of its biggest free perksElliott's proposal called attention to one of Southwest's most visible perks: two free checked bags. Scott Olson/Getty ImagesThere is a way for both sides to win, according to Harteveldt: Give free checked bags to Southwest credit card holders. American, Delta, and United offer complimentary checked bags as credit card perks. The additional flights can give travelers more flexibility and give Southwest more seats to sell on a route.
Persons: , Elliott, Southwest Airlines Elliott, Henry Harteveldt, Richard Aboulafia, Robert Jordan, CCO Ryan Green, Scott Olson, Harteveldt, Thomas Pallini, Green, Irfan Khan, Elliot, that's, Jordan, We'll Organizations: Service, Investment Management, Southwest Airlines, Business, Southwest, Atmosphere Research, Reuters, CNBC, Elliott Investment Management, Green, Boeing, The Seattle Times, Los Angeles Times, Getty, American Airlines oneworld, Oneworld Locations: IdeaWorksCompany, Las Vegas, Hawaii, Southwest, Canada, Europe, Asia, Washington
Stormy weatherBoeing’s boss, Dave Calhoun, will testify before a Senate panel on Tuesday, as yet another whistle-blower has come forward, alleging the planemaker was negligent in tracking hundreds of faulty parts. Calhoun will step down by December, but that hasn’t stopped lawmakers, investors and customers from hammering the company. Now, Boeing is reportedly struggling to find a successor, highlighting the scale of the challenge to fix an iconic American company. Calhoun will say that the culture is still “far from perfect.” He will be grilled on a range of issues hanging over the company, from multiple whistle-blower accusations to the events leading up to the midair blowout of a door plug on an Alaska Airlines 737 Max 9 jet in January.
Persons: Dave Calhoun, Calhoun, hasn’t Organizations: Boeing, Alaska Airlines, Max
Two people were injured on an Air New Zealand flight due to severe turbulence. A passenger was scalded by hot coffee and a crew member hit the cabin ceiling. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwo people were injured on board an Air New Zealand flight when it encountered severe turbulence, according to local media reports. Suze, a passenger on board, told Radio New Zealand she was burned after a full coffee pot was spilled over her during the turbulence.
Persons: Organizations: Air, Singapore Airlines, Service, Zealand, Airbus, Radio New Zealand, Business Locations: Zealand, Wellington, Queenstown
Shortly after Boeing’s chief executive, Dave Calhoun, took his seat, families who lost relatives in the 2018 and 2019 crashes of the company’s 737 Max 8 planes called out to him, demanding that he turn around and acknowledge them and the photos of their loved ones. Among those behind Mr. Calhoun were the parents and brother of Samya Rose Stumo, the 24-year-old who was killed in the 2019 Ethiopian Airlines accident and the grandniece of Ralph Nader, the consumer advocate and former presidential candidate. Nearby sat the family of John Barnett, the former Boeing engineer and whistle-blower who died by suicide earlier this year in the midst of a Justice Department criminal investigation into the company. Others held photos of their loved ones lost in the crashes. “I would like to apologize, on behalf of all of our Boeing associates spread throughout the world, past and present, for your losses,” Mr. Calhoun said while facing the families.
Persons: Dave Calhoun, Calhoun, Samya Rose Stumo, Ralph Nader, John Barnett, ” Mr, Calhoun’s Organizations: Boeing, Justice Department, Alaska Airlines Locations: Portland , Ore
Boeing is struggling to find a new CEO as Dave Calhoun departs at the end of the year, per the WSJ. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing is struggling to find a new CEO, per a Monday report from The Wall Street Journal. People familiar with the discussions told the Journal that Larry Culp, the CEO of General Electric, turned down Boeing's request that he consider the role. This story is available exclusively to Business Insider subscribers.
Persons: Dave Calhoun, Larry Culp, David Gitlin, Stephanie Pope, Organizations: Boeing, GE, Carrier, Service, Wall Street, Alaska Airlines, General Electric, Business
Boeing has been under intense scrutiny with numerous federal investigations and congressional hearings since a January 5 Alaska Air Boeing 737 Max flight had a door plug blow off, leaving a gaping hole in both the plane and Boeing’s reputation. He also claims Boeing in August 2023 told employees to delete records about nonconforming parts, which led him to complain – but Boeing took no action. Jason Redmond/ReutersAt an April 17 hearing Boeing engineer Sam Salehpour testified that Boeing is putting out defective planes because he and others who complain faced pressure not to do so. But the January 5 incident aboard the Alaska Air flight happened just days before the end of the probationary period. Boeing has denied the Alaska Air incident violated the deferred prosecution agreement and is challenging any potential criminal liability in court.
Persons: Sam Mohawk, , Dave Calhoun, Calhoun, We’ve, Sen, Richard Blumenthal, Blumenthal, ” Blumenthal, , Max, Howard McKenzie, Boeing’s, Jason Redmond, Sam Salehpour, ” Salehpour, ” Calhoun’s, Richard Aboulafia, “ I’m, Calhoun’s Organizations: Washington CNN, Boeing, Federal Aviation Administration, Congressional, CNN, Alaska Air Boeing, Max, Connecticut Democrat, FAA, Reuters, Consultancy, Alaska Air, Alaska Airlines, Alaska Airlines ’, Department Locations: Renton , Washington, Connecticut, Mohawk, Renton, Alaska, Indonesia, Ethiopia
Read previewWells Fargo may have underestimated just how savvy young professionals could be with a credit card that rewards renters. A Bilt spokesperson told Business Insider that Wells Fargo does not make the numbers publicly available. In an email, a Wells Fargo spokesperson told Business Insider that co-branded credit cards are "one modest piece of the company's overall credit card business strategy, and the BILT credit card is one component of that." The Wells Fargo spokesperson said that "there has been no conversation among decision-makers to exit the BILT agreement. A Bilt spokesperson said the Journal's story is an "inaccurate representation of our strategic partnership with Wells Fargo."
Persons: , Wells, Bilt, Dave Canty, Bilt's, Ankur Jain, Kevin, Amanda Smidt, they've, I've, Amanda, anesthetist, I'm, Wells Fargo, Amanda chimed, Jain Organizations: Service, Bilt Technologies, Business, Alaska Airlines, Virgin Atlantic, Hyatt, Wall Street, Financial Technology Partners, Miami, The Locations: Wells Fargo, San Francisco, Alaska, Wells, Miami, New York
To help fund the deal and TravelPerk's broader expansion efforts, the company also raised $135 million in debt financing from private equity firms Blackstone and Blue Owl. Avi Meir, TravelPerk's CEO and co-founder, told CNBC the deal would allow the company to turbocharge its growth in the United States. He expects the deal to double TravelPerk's U.S. revenues and make the country its biggest revenue-generating region by 2026. The Global Business Travel Association estimated that the US corporate travel sector was worth $329 billion in 2023. TravelPerk said its U.S. office footprint would expand to include AmTrav's offices in Boston, Chicago, Los Angeles and Miami.
Persons: Avi Meir, Meir, AmTrav, TravelPerk Organizations: CNBC, Blackstone, American Airlines, Business Travel Association, TravelPerk Locations: Chicago, U.S, United States, Britain, Boston , Chicago, Los Angeles, Miami
Boeing CEO Dave Calhoun will face questions from the Senate Permanent Subcommitee on Investigations on Tuesday over quality control concerns and whistleblower allegations. Boeing's bestselling 737 Max plane has been the source of controversy since two deadly crashes in 2018 and 2019. Following the incident, company whistleblower Sam Salehpour came forward and claimed that the aerospace company put excessive stress on airplane joints, which reduced some of the planes' lifespans. Mohawk alleges that the lost parts were likely installed on airplanes in Boeing's Washington plant where 737 Max models are made. The company announced March that Calhoun will step down from his post as CEO before the end of the year.
Persons: Dave Calhoun, Max, Sam Salehpour, Sam Mohawk, Calhoun, — CNBC's Leslie Josephs Organizations: Boeing, Alaska Airlines, CNBC, YouTube Locations: Boeing's Washington
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