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Alaska Air Acquires Hawaiian Airlines in $1.9 Billion Deal

Alaska Air Acquires Hawaiian Airlines in $1.9 Billion Deal

Alaska Airlines said on Sunday that it has reached an agreement to acquire Hawaiian Airlines for $1.9 billion, including debt, positioning the airline for possible conflict with the Biden administration, which has expressed apprehension over increased sector rates.

Dec 03, 2023 11:23 PM EST


Retailers Turn to "Keep-It" Policies to Curb Rising Return Costs

Unwanted Goods? Retailers Turn to "Keep-It" Policies to Curb Rising Return Costs

A number of companies are advising customers not to bother returning items for a refund due to the high expense of processing, repackaging, and trying to resell stuff. Rather, they are stating that you may retain it and still receive a refund.

Dec 02, 2023 12:30 PM EST


 Saudi Fund Urged to Withdraw from Altman-Backed AI Chip Venture in US

Saudi Fund Urged to Withdraw from Altman-Backed AI Chip Venture in US

On Thursday, the Biden administration has compelled a venture capital firm supported by Saudi Aramco to sell its stake in a Silicon Valley AI chip business that is supported by Sam Altman, the co-founder of OpenAI.

Dec 02, 2023 11:02 AM EST


Biden Administration's Push to Reduce China Reliance May Hinder EV Tax Credits

Biden Administration's Push to Reduce China Reliance May Hinder EV Tax Credits

President Joe Biden's aim of having half of all new passenger vehicles sold in the United States run on electricity by 2030 may be hampered by new restrictions that were announced on Friday.

Dec 02, 2023 08:43 AM EST


UK Government Intervenes to Investigate Potential Abu Dhabi Takeover of The Telegraph

UK Government Intervenes to Investigate Potential Abu Dhabi Takeover of The Telegraph

The culture and media secretary has stepped in to investigate the Daily Telegraph's sale to a business supported by the royal family of Abu Dhabi.

Dec 01, 2023 11:10 AM EST


Nvidia's Secret Weapon? Tiny Singapore Packs a Powerful Chip Punch

Nvidia's Secret Weapon? Tiny Singapore Packs a Powerful Chip Punch

When the American chip company Nvidia released its impressive third-quarter earnings last week, industry watchers noted that a sizable portion of its income originated from a single little country.

Dec 01, 2023 09:50 AM EST


Soccer Star Ronaldo Faces $1 Billion Lawsuit for Promoting Binance NFTs

Soccer Star Cristiano Ronaldo Faces $1 Billion Lawsuit for Promoting Binance NFTs

Cristiano Ronaldo, a Portuguese soccer player, is being sued in a class-action lawsuit for his part in pushing to millions of his followers cryptocurrency-related "non-fungible tokens," or NFTs, released by the struggling cryptocurrency exchange Binance.

Dec 01, 2023 08:44 AM EST


Tesla's Cybertruck: High Price Could Dampen Enthusiasm for Electric Pickup

Tesla's Cybertruck: High Price Could Dampen Enthusiasm for Electric Pickup

The starting price for Tesla's long-delayed Cybertruck is $60,990, which is more than 50% more than what CEO Elon Musk had advertised in 2019 and a price that experts predict would appeal to a privileged few.

Dec 01, 2023 06:22 AM EST


Oil Markets Brace for Impact as OPEC+ Announces Production Cuts

Oil Markets Brace for Impact as OPEC+ Announces Production Cuts

The OPEC oil cartel, led by Saudi Arabia and allied producers like Russia, took another huge go at supporting lagging crude prices on Thursday, extending some supply restrictions into next year and pulling in up-and-coming oil provider Brazil.

Nov 30, 2023 10:59 PM EST


JPMorgan Acquires Significant Stake in Spanish Defense Contractor Indra

JPMorgan Acquires Significant Stake in Spanish Defense Contractor Indra

JPMorgan purchased a 10.6% stake in Spanish defense systems producer Indra (IDR.MC), according to the stock exchange regulator on Thursday.

Nov 30, 2023 06:36 AM EST


GM Boosts Shareholder Returns Amidst Labor Challenges

GM Boosts Shareholder Returns Amidst Labor Challenges

On Wednesday, General Motors unveiled a major stock buyback program, doubled its dividend, and informed investors that it can withstand additional labor costs from a six-week autoworkers strike.

Nov 30, 2023 12:50 AM EST


Walmart Diversifies Supply Chain by Sourcing More Goods from India

Walmart Diversifies Supply Chain by Sourcing More Goods from India

As part of its efforts to reduce costs and diversify its supply chain, Walmart is importing more items into the United States from India and decreasing its reliance on China, according to data seen by Reuters.

Nov 29, 2023 10:10 AM EST


Australia Imposes Ban on Vapes to Safeguard Public Health: How Will It Affect Businesses

Australia Imposes Ban on Vapes to Safeguard Public Health: How Will It Affect Businesses?

Australia will prohibit the importation of disposable vaporizers in January, with the aim of reducing childhood nicotine addiction.

Nov 29, 2023 09:00 AM EST


Apple and Goldman Sachs Face Uncertain Future in Credit Card Partnership

Apple and Goldman Sachs Face Uncertain Future in Credit Card Partnership

According to a source familiar with the situation, Apple has offered Goldman Sachs a proposal to sever its relationship for credit cards and savings accounts within the next 12 to 15 months.

Nov 29, 2023 08:48 AM EST


Travel Vouchers May Be Too Good to Be True

Travel Vouchers May Be Too Good to Be True

With Tuesday being the day after Cyber Monday, which is becoming recognized for airline and hotel sales, travel booking websites are launching promotions on Tuesday.

Nov 29, 2023 03:56 AM EST


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