Travelers love Southwest Airlines, according to J.D. Power’s annual ranking of the top U.S. air carriers. Southwest finished first in economy and budget airline rankings published by the consumer research firm last May. Analysts say…
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Business
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Popular cryptocurrency exchange Coinbase announced an agreement Wednesday to pay $50 million to resolve a New York investigation into lapses concerning its anti-money laundering and know-your-customer practices. The company said it would invest an additional…
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Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. Deliveries are the closest approximation of sales disclosed by Tesla. The company reported 405,278…
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Business
Southwest pilots union writes scathing letter to airline executives after holiday travel fiasco
The Southwest Airlines Pilots Association has published a letter denouncing the airline’s leadership as a ‘cult’ that they say has spent the past 15 years destroying the company’s legacy, culminating in the 2022 travel meltdown…
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Business
Stocks fall to end Wall Street’s worst year since 2008, S&P 500 closes 2022 down nearly 20%
Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note. The Dow Jones Industrial Average slid 73.55 points, or…
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The first Social Security checks and bank deposits featuring the largest cost-of-living-adjustment in 40 years will start arriving in January 2023. The average retiree benefit is going up by $146 per month, to $1,827; while the average…
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After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long selloff, CEO Elon Musk told employees not to be “too bothered by stock market craziness.” Musk circulated the comments on Wednesday in a companywide email,…
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Business
‘The airline can’t save you’: Experts say travelers must get savvier, have backup plans before they fly
In the wake of this week’s unprecedented wave of U.S. flight cancellations, experts and passengers alike are weighing in on how flyers can better prepare for a disrupted itinerary. While multiple explanations have been put…
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The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the U.S. job market remains tight, even as the Federal Reserve works to cool demand…
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As this week’s flight cancellation wave led by Southwest Airlines drags on, other major carriers have announced they will institute price caps — particularly in cities where Southwest operates — to limit the financial burden…