In an alarming response to ongoing air travel disruptions, United Airlines has announced the cancellation of 35 roundtrip flights each day from its Newark Liberty International Airport hub. This decision, revealed by CEO Scott Kirby, comes after an unprecedented number of passengers experienced hours of delays—adding further fuel to the fire of an already beleaguered
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In the current political landscape, as President Donald Trump ramps up discussions surrounding his policy agenda, one aspect looms larger than others—the federal limit on the state and local tax deduction, commonly known as the SALT cap. Established under the Tax Cuts and Jobs Act (TCJA) of 2017, this $10,000 cap has been a thorn
Netflix has recently shattered expectations, achieving an impressive 11 consecutive days of trading without a single decline in its stock price. This remarkable streak has marked the company’s most successful period since its inception. The last record, set in late 2018, saw a mere nine-day positive trajectory under less tumultuous market conditions. Yet, in the
When Warren Buffett took the reins of Berkshire Hathaway in 1965, he inherited a struggling textile company that seemed destined for obsolescence. Fast forward six decades, and the company has transformed into a conglomerate with tentacles in diverse industries, making it one of the most revered investment firms in the world. What once drew a
In a corporate landscape where paradoxes abound, Shell’s latest financial report encapsulates a troubling reality: the oil giant reported adjusted earnings of $5.58 billion for the first quarter, outpacing analysts’ expectations by a substantial margin. Yet, this figure starkly contrasts with the company’s over $7 billion earnings from the same period last year, reflecting a
As the holiday season looms closer, a familiar phenomenon is once again taking center stage: “Christmas creep.” This retail strategy refers to the alarming trend of Christmas merchandise appearing on store shelves earlier each year, as businesses attempt to seize the lucrative opportunities presented by consumer spending. However, in 2023, this seasonal ritual is threatened
In the fast-paced world of financial technology, the rise and fall of peer-to-peer payment platforms reflect broader consumer behavior and trends. Venmo, owned by PayPal, has recently gained acceleration, showcasing impressive growth metrics that have positioned it favorably against its main competitor, Cash App, owned by Block. The recent financial reports from both companies paint
In recent months, gold’s glittering allure has drawn investors like moths to a flame. The precious metal’s price surge, reaching an all-time high of over $3,500 per ounce, signals a significant movement triggered by global uncertainties, particularly economic instability. However, this gold rush comes with an unforeseen catch that could leave a bitter taste in
Elon Musk’s recent comments on the extravagant $2.5 billion renovation of the Federal Reserve building have ignited discussions about government spending in ways that few have dared to scrutinize. Musk, known for his candid approach, raised eyebrows by questioning the rationale behind such a staggering price tag for what amounts to building upgrades. “What do
General Motors (GM) has become the latest victim in the ongoing saga of protectionist policies emanating from the previous administration. With the auto tariffs imposed by President Trump, GM’s earnings guidance for 2025 has taken a substantial hit, presenting a grim forecast of $4 billion to $5 billion in potential losses. This should serve as