The German group also cited rising costs linked to recent strikes, which on Wednesday overshadowed the airline’s 100th anniversary celebrations. Legacy airline groups aren’t the only ones struggling with the impact of high fuel prices on their balance sheets. Budget airline easyJet said Thursday that its fuel costs had risen by almost €29 million in March alone,…
NEW YORK (AP) — Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide. The S&P 500 leaped 1.2%…
Airlines around the globe are in a tough spot right now, given the impact of high oil prices on airline economics. It’s arguably even worse in Europe (than the United States), where oil prices are even higher, and there’s also more of a risk of an imminent jet fuel shortage. In the case of Lufthansa,…
IEA Chief Says Oil, Gas Recovery Could Take Two Years After War Damage | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Apr 16, 2026, 4:30 PM CDT It could take up…
Kazuhiro Nogi | AFP | Getty Images Asia-Pacific markets mostly fell Friday, as cautious optimism over the Middle East conflict tempered sentiment, diverging from Wall Street’s record-setting rally. U.S. President Donald Trump on Friday said that the war in Iran “should be ending pretty soon,” reiterating rosy predictions about the end of the conflict. Hours earlier,…
This article first appeared on GuruFocus. Rocket Lab USA (NASDAQ:RKLB) shares climbed about 10% on Wednesday after the space company completed its Mynaric acquisition, introduced a new satellite thruster and drew a fresh analyst upgrade. Rocket Lab said the $155.3 million transaction, paid with cash and about 2.28 million shares, adds laser optical communications terminals…
By Dawn Chmielewski LOS ANGELES, April 16 (Reuters) – Netflix Chairman Reed Hastings is quitting the streaming service he co-founded 29 years ago. The departure of Hastings, 65, comes at an inopportune time. The company is searching for new avenues of growth as sales slow due to competition, and after a potentially transformative merger with…
Anthropic has been on a tear lately. By Timothy Beck Werth Timothy Beck Werth Tech Editor Timothy Beck Werth is the Tech Editor at Mashable, where he leads coverage and assignments for the Tech and Shopping verticals. Tim has over 15 years of experience as a journalist and editor, and he has particular experience covering…
West Chester-based QVC Group filed for Chapter 11 bankruptcy Thursday in the U.S. Bankruptcy Court for the Southern District of Texas. The self-described “live social shopping company” QVC Group is buckling under the weight of $6.6 billion of debt as of the end of 2025, according to a company report submitted Wednesday with the U.S….
Oil Markets Reprice War Risk After Congress Rejects Iran Pullback | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Trending Discussions Premium Content By Alex Kimani – Apr 16, 2026, 6:00 PM CDT Oil prices rebounded after U.S. lawmakers backed continued military involvement in Iran,…
WELLINGTON, New Zealand (AP) — Sleep on a long-haul flight in economy class has always been a fantasy for many travelers. Air New Zealand will soon offer a solution that involves climbing into a triple-tier bunk bed wearing special socks. The airline will soon open bookings for four-hour stints in the Skynest sleep pods and…
VANCOUVER, British Columbia (AP) — The government-owned corporation that delivers mail in Canada is taking steps to stop home delivery. Canada Post is initiating talks with 13 communities to begin converting about 136,000 addresses from door-to-door delivery to community mailboxes, a standalone unit with designated space for each of the multiple residences it serves. It…
Cutting service. Bailing on Ballard, West Seattle, Everett, or Tacoma. Eliminating stations. Everything is on the table as Sound Transit looks to fill a $34 billion budget hole. Maybe Sound Transit should rein in its customers and require fare payments. Light rail riders used to pay nearly every time. Fare compliance was north of 90%…
In this article HIMS Follow your favorite stocksCREATE FREE ACCOUNT Piotr Swat | Lightrocket | Getty Images As its high-margin compounded GLP-1 business evolves, Hims & Hers Health may be finding a new opportunity in peptides. Shares of the telehealth company jumped Thursday after Health and Human Services Secretary Robert F. Kennedy Jr. announced Wednesday…
Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech Tech bro sneaker company Allbirds made a huge splash yesterday when it announced a baffling pivot to AI infrastructure — news that was met with a mix of incredulity and ridicule. The company’s blindsiding metamorphosis into what it’s…
The FTC’s new lawsuit also complained that Media Matters for America pressured advertisers to remove ads from Fox News and X. Media Matters is a nonprofit journalism organization that drew Musk’s wrath in 2023 when it published an article showing that X placed ads next to pro-Nazi posts. Trump FTC stamps out brand-safety initiatives Musk…
Netflix shares plummeted more than nine percent Thursday as the TV streaming titan’s quarterly earnings failed to impress investors and co-founder Reed Hastings announced he is leaving. Hastings, who helped grow the revolutionary DVD-by-mail company into a global entertainment behemoth, will depart Netflix to “focus on his philanthropy and other pursuits” when his term as…
NEW YORK (AP) — A looming jet fuel shortage in Europe and Asia could compound the Iran war’s impact on world travel within weeks if a fragile agreement to reopen the Strait of Hormuz collapses, making higher airfares and flight cancellations even more likely as the summer travel season approaches. Crude oil prices plunged Friday…
America’s $39 trillion national debt has become a familiar political football—batted around in budget negotiations, invoked at congressional hearings, and largely ignored between elections. But what the International Monetary Fund laid out Wednesday is something more unsettling: The U.S. isn’t an outlier. It’s just the most visible symptom of a global disease. At the spring…
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Netflix topped Wall Street expectations for earnings and revenue in the first quarter, but the streaming giant’s shares still took a dive in after-hours trading Thursday. Revenue rose 16% from the year-ago period to hit $12.25 billion, while diluted earnings per share came in at $1.23, nearly double a year ago. Wall Street analysts’ consensus…
A trader works on the floor of the New York Stock Exchange. Angela Weiss | Afp | Getty Images U.S. stocks rocketed higher on Friday after Iran declared the Strait of Hormuz “completely open” on the heels of a ceasefire announcement between Israel and Lebanon. The S&P 500 jumped 1.2% to close at 7,126.06, crossing…
Pentagon officials have reportedly asked Detroit automakers Ford and General Motors to consider producing weapons for the U.S. military in the near future, according tThe Wall Street Journal . Mary Barra, CEO of General Motors, and Jim Farley, CEO of Ford, have met with senior defense officials and discussed producing weapons and other military supplies,…
More than 600 million people watched the moon landing live in 1969. When NASA’s Artemis program returned astronauts to the lunar surface, an estimated 27 million tuned in, even as the world’s population had doubled. The shared cultural experience, the kind that once stitched strangers together, has quietly collapsed—and Paul Scherer thinks AI is about…
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Outside experts and watchdogs suspect that before the first meeting in July, Kennedy will work to stack the advisory board with questionably qualified allies who will come with a predetermined decision to ease access to the drugs—no rigorous scientific evaluation needed. A similar scenario has played out at the Centers for Disease Control and Prevention,…
Kevin Warsh’s newly released financial disclosures shed light on the Federal Reserve chair nominee’s vast wealth, but also raise questions about parts of his holdings that aren’t fully revealed in the paperwork. That could be a challenge for Warsh as he seeks to overcome a legacy of ethics scandals under the current chair, Jerome Powell….
In this article .SPX .IXIC .DJI @LCO.1 .KS11 ASML Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange. NYSE .ido-promo__content { box-sizing: border-box; width: 100%; background-color: #f0f0f0; padding: 2px 20px 2px 20px; font-family: Lyon, Helvetica, Arial, sans-serif; font-size: 18px; line-height: 1.66; } Taken from CNBC’s Daily Open,…
By Zaheer Kachwala and Deborah Mary Sophia April 16 (Reuters) – Strong forecasts from ASML and TSMC this week point to another quarter of hefty spending by American cloud-computing giants as they race to secure advanced chips needed for their artificial intelligence build-outs. The results suggest that demand stayed strong for AI chip designers such…
WASHINGTON, April 16 (Reuters) – The number of Americans filing claims for unemployment benefits fell last week, suggesting labor market conditions remained stable, though employers are cautious about hiring new workers as the conflict in the Middle East casts a shadow over the economy. Initial claims for state unemployment benefits dropped 11,000 to a seasonally…
Thursday, April 16, 2026 11:01PM Trader Joe’s could owe you money. The grocery chain has agreed to a $7.4 million settlement over claims that receipts showed too many digits from customers’ credit and debit cards. If you made a purchase between March 2019 and July 2019, you may be eligible for a payout, even if…
Hims & Hers (HIMS) stock jumped for a second day in a row, gaining 6% in early trading on Thursday over investor optimism that the Food and Drug Administration (FDA) is looking to lift restrictions on certain peptides. The stock gains added to a 13% move on Wednesday after the FDA scheduled a July meeting…
Spirit Airlines is at risk of shutting down and liquidating as soon as this week, according to two reports. This could mean the end of the ultra-low-cost carrier. Bloomberg and CNBC separately reported late Wednesday that the airline expected to run out of cash imminently as a result of surging jet fuel costs. Spirit has…