Delta Air Lines CEO Ed Bastian on Friday offered employees two free travel passes to thank staff members who were caught in massive disruptions last month sparked by a botched CrowdStrike software update that stranded thousands of customers and crew.
Category Archives: business
DJT shares jump after Trump Media rolls out TV streaming plan
Trump Media said Friday it has started rolling out a TV streaming service that aims to air “neglected” content on its social media platform Truth Social.
How an Elon Musk-backed PAC is gathering data to boost Trump
Elon Musk-backed America PAC is spending millions and gathering detailed data from potential voters in a bid to help Trump.
Intel shares plunge 28%, dragging down global chip stocks
Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on some of the biggest names in the tech sector.
U.S. unemployment rate ticks up to 4.3% amid signs of broader economic slowdown
The U.S. unemployment rate rose to 4.3% in July and hiring slowed, adding to signs of a broader downturn in what has been a solid U.S. economy.
The first Fed interest rate cut in years is on the horizon. Here’s what homeowners, buyers need to know
The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down.
Family offices are giving top staff equity, profit shares in battle for talent
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer.
U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts
U.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic market that has led to lower fares and reduced profits despite strong summer travel demand.
McDonald’s says $5 value meal sales are hot as consumers feel ‘pinch’ of inflation
McDonald’s $5 “Meal Deal” appears to be bringing back bargain-hungry customers amid broadly higher post-pandemic food prices.
AT&T, other phone companies sued over stolen nude images could face liability after court ruling
Wireless providers including T-Mobile, AT&T and Verizon have faced a string of lawsuits in recent years from women who allege retail employees stole intimate images or videos from their phones while helping them with in-store data transfers.