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Delta Air Lines CEO Ed Bastian said the carrier will “meaningfully reduce” its capacity growth plans in the near term as fuel costs soar, solidifying a pullback from airlines that have been roiled by a historic run-up in jet fuel due to the Middle East war. Shares were up more than 11% in premarket trading,…
Some passengers have been evacuated from the MV Hondius cruise ship, off Cape Verde. The MV Hondius, which departed from Argentina on 1 April, had an outbreak of rodent-spread hantavirus on board. Three passengers on the ship have died and several more are either ill or displaying symptoms. The cruise ship is expected to depart…
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul. Kim Jae-Hwan | SOPA Images | Lightrocket | Getty Images A wave of South Korean investors is flocking to U.S. markets to avoid a correction at home, even as global investors pile in. Korean retail investors net…
Warning: This story contains distressing details and discussion of sexual assault. When Mary was a first-year college student, she woke up after a fraternity party with bruises and bite marks all over her body. She says it took her a few days to piece together that she had been sexually assaulted while “blacked out”, and…
Singapore and South Korea have pulled Trader Joe’s Everything But the Bagel seasoning from e-commerce platforms because it contains poppy seeds. While they do not naturally contain opiates, poppy seeds are banned in both countries because they can get contaminated with opiates by fluid in the poppy plant during harvesting. More than 20 online listings…
Gecko Robotics founders Jake Loosararian and Orion Correa. Courtesy: Gecko Gecko Robotics, a Pittsburgh-based robotics startup, on Tuesday announced a $71 million deal with the U.S. Navy to cut down ship repair time as the government races to reindustrialize America’s aging defense systems. The company said its robots — capable of flying, swimming, and climbing…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks are sharply higher, looking to snap a three-day losing streak. A decline in soaring bond yields and elevated oil prices were helping. Investors on Wednesday rotated back into…
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024. Spencer Platt | Getty Images Merck on Tuesday beat second-quarter estimates and hiked its revenue outlook, as a slate of new products showed strong growth. But the pharmaceutical giant cut its profit guidance due to a charge tied…
When New York Knicks guard Jalen Brunson hit a 3-pointer over the outstretched arm of San Antonio Spurs big man Victor Wembanyama with 2:21 left in Game 4 of the NBA Finals on Wednesday, Madison Square Garden sounded like the inside of a jet engine. Subscribe to read this story ad-free Get unlimited access to…