Nearly 500 US flights canceled and nearly 2,000 delayed on Monday

Nearly 500 US flights canceled and nearly 2,000 delayed on Monday

According to flight tracking website FlightAware, nearly 500 US flights were canceled as of noon Monday. On Sunday, 950 flights were canceled. Nearly 2,000 flights had been delayed across the United States as of midday Monday, after more than 8,000 were delayed on Sunday. Chicago’s O’Hare International Airport was struggling for a second day Monday, … Read more

Consumer expectations about future inflation decreased significantly to the benefit of the Federal Reserve

Consumer expectations about future inflation decreased significantly to the benefit of the Federal Reserve

Gasoline prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | fake images The consumer outlook for inflation dipped significantly in July amid a sharp drop in gasoline prices and a growing belief that rapid increases in food and housing would also taper off in the future. … Read more

Axios agrees to sell Cox Enterprises for $525 million

Axios agrees to sell Cox Enterprises for 5 million

Axios has signed an agreement to sell its most recent major investor, Cox Enterprises, the companies announced Monday. The all-cash deal values ​​the company at $525 million, according to sources familiar with the deal. Why it matters: The deal is structured to ensure investments continue to hit the local news at a time when most … Read more

Stocks rise amid a busy week of inflation data

Stocks rise amid a busy week of inflation data

US stocks opened higher on Monday as investors neared the tail end of earnings season and braced for a busy week of inflation data. The S&P 500 rose 0.5% after the benchmark posted three straight weeks of gains despite modest losses on Friday. The Dow Jones Industrial Average added 180 points, or 0.6%, and the … Read more

Weirdest quotes from the Penguin Random House trial

Weirdest quotes from the Penguin Random House trial

This content contains affiliate links. When you buy through these links, we may earn an affiliate commission. As you may or may not know, the US Department of Justice (DOJ) is suing to prevent Penguin Random House (PRH) from acquiring/merging Simon & Schuster, on the grounds that it will lose money from the authors. Unlike … Read more

How a 4-day work week could benefit the environment

How a 4-day work week could benefit the environment

comment this story Comment Reducing the workweek to four days could have a climate benefit, advocates say. As well as improving the welfare of workers, they say that reducing working hours can reduce carbon emissions. It’s what might be called a “potential triple dividend policy, something that can benefit the economy, society and the environment … Read more

PLTR shares fall on losing Q2 earnings, weak earnings outlook

PLTR shares fall on losing Q2 earnings, weak earnings outlook

Palantir Technologies (PLTR) reported on Monday that June quarter earnings were not seen, while revenue exceeded Wall Street’s targets. PLTR shares fell as earnings guidance came in below expectations. X Denver-based Palantir reported second-quarter earnings before the market opened. Palantir shares fell 14.7% to 10.33 in early trading on the stock market today. In Palantir’s … Read more

Stock futures rise after third straight winning week for the S&P 500

Stock futures rise after third straight winning week for the S&P 500

Stock futures rose on Monday morning, following the S&P 500’s third consecutive weekly gain, as investors shifted their focus to a key inflation report this week. Dow Jones Industrial Average futures gained 139 points, or 0.4%. S&P 500 and Nasdaq 100 futures advanced 0.5% and 0.6%, respectively. Monday’s gain follows a weekly rise in the … Read more