Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that date back to the 1980s in order to cut costs and improve margins, CEO Bob Jordan told staff. “Every single dollar matters as we continue to fight to return to excellent financial performance,” Jordan said in the note Monday, which ...
Rare earths prices saw some gains in May 2024, fueled by positive sentiment over consumer demand in China. While both dysprosium (Dy) and neodymium-praseodymium (NdPr) oxides benefited from this positivity, Benchmark Mineral Intelligence notes that Dy oxides registered the largest gain, moving 10 percent high month-on-month. “This was the first-time rare earths prices had recovered after a continuous decline (in ...
Senator Elizabeth Warren has raised pointed questions ahead of Treasury Secretary nominee Scott Bessent’s confirmation hearing before the Senate Finance Committee. Her concerns, outlined in a detailed 31-page letter, focus on Bessent’s stance on crypto regulation, financial deregulation, tax policies, and the challenges faced by small banks. Senator Elizabeth Warren Presses Treasury Nominee Bessent on Crypto and Tax Policies In ...
Venezuela’s foreign minister on Monday accused opponents of President Nicolás Maduro as being linked to damages at the country’s diplomatic facilities in five nations. Foreign Minister Yvan Gil in a statement said the vandalism was coordinated by grassroots groups known as “comanditos” – meaning small commandos – but he did not offer any evidence to back up the accusation, which ...
In this video, Tony starts the week with a very different tone as he looks at how markets are currently playing out. He then shares individual trade ideas, pointing out which ones they continue to have a bullish or bearish outlooks on. He looks at some key stocks including META, NVDA, AAPL, and more. This segment is meant to be ...
Longtime Democrat fundraiser and Kamala Harris critic Lindy Li was named this month to President-elect Donald Trump’s inaugural fundraising committee, an about-face that she says has been met with overwhelming support from donors, including from some longtime contributors to the Democratic Party vying to get a spot at the table. Li’s appointment to the Trump fundraising committee was previewed exclusively ...
Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company announced Monday. The new group will be led by Jay Parikh, the former CEO of cybersecurity startup Lacework and former global head of engineering at Meta. The group will be called Core AI — Platform and Tools, Microsoft CEO Satya Nadella said in a ...
Global markets were turbulent this week on speculation about US President-elect Donald Trump’s trade policies. Initial gains on Monday (January 6), driven by rumors of less aggressive tariffs, were followed by a mixed performance as the Consumer Electronics Show (CES) kicked off in Las Vegas, Nevada, and investors awaited key economic data. 1. AI takes center stage at CES Unsurprisingly, ...
LUNC News: Terra Luna Classic community’s recovery efforts hit roadblocks as the broader crypto market took a downturn, with traders reconsidering market activity ahead of Donald Trump’s inauguration on January 20. Here are key developments making buzz in the Terra Luna Classic community. Terra Luna Classic Forks Removal Software Upgrade Blockchain developer Orbit Labs announced the completion of the first ...
Croatia’s opposition-backed President Zoran Milanović, a critic of the European Union and NATO, overwhelmingly won reelection for another five-year term on Sunday, defeating a candidate from the ruling conservative party in a runoff vote, official results showed. Milanović won more than 74% of the vote compared to his challenger Dragan Primorac, who received nearly 26%, according to the results released ...
Trump tasks blue state Republicans with ‘homework’ as GOP plots massive conservative policy overhaul
President-elect Donald Trump is giving Republicans his blessing to negotiate on a key tax that could prove critical to the GOP’s negotiations for a massive conservative policy overhaul next year. Trump met with several different groups of House Republicans at Mar-a-Lago over the weekend, including blue state GOP lawmakers who make up the House SALT Caucus – a group opposed ...
McDonald’s will shutter three locations of its drinks-focused spinoff brand, CosMc’s. To test the concept, the fast-food giant opened its first CosMc’s location more than a year ago in the Chicago suburb of Bolingbrook, followed by six more in Texas. McDonald’s has converted larger namesake restaurants into CosMc’s, in addition to building smaller prototype locations. The smaller stores work better for the test, the ...