Airlines sue to block new fee disclosure rules. Though...
Airlines sue to block new fee disclosure rules. Though usually competitors, Alaska, American, Delta, Hawaiian, JetBlue, and United have teamed up, along with an industry lobbying group, to sue the Biden administration over rules that would require airlines to display all fees, including baggage, change, and cancellation fees, when you’re buying a ticket. The suit alleges that the rules exceed the Department of Transportation’s authority. The department said it plans to vigorously defend the rules.
Squarespace is being taken private in a $6.9 billion deal with private equity firm Permira about three years after going public.
Workers at an Alabama Mercedes-Benz plant are voting this week on whether to join the United Auto Workers, the next major test for the union in the South.
Elon Musk scored a victory against the Australian government when a court refused to extend an injunction forcing X to take down videos of a stabbing in a church.
Sen. Bob Menendez, a Democrat from New Jersey, is on trial for allegedly taking bribes, including gold bars, to use his influence on behalf of the governments of Egypt and Qatar as well as local businesses.
Blame Canada: Wildfires there caused air quality alerts in Minnesota, Montana, North Dakota, and South Dakota as wind carried smoke south.
Steve Buscemi’s publicist reassured fans that the actor was OK after being punched in the face on the street in New York City, the latest in a recent spate of seemingly random assaults.
Benchmark U.S. crude oil for June delivery rose 86 cents to $79.12 per...
Benchmark U.S. crude oil for June delivery rose 86 cents to $79.12 per barrel Monday. Brent crude for July delivery rose 57 cents to $83.36 per barrel.
Wholesale gasoline for June delivery rose 1 cent to $2.51 a gallon. June heating oil rose 1 cent to $2.44 a gallon. June natural gas rose 13 cents to $2.38 per 1,000 cubic feet.
Dow snaps 8-day winning streak as Wall Street eyes upcoming inflation data
U.S. stocks closed mostly lower on Monday as investors prepared for inflation...
U.S. stocks closed mostly lower on Monday as investors prepared for inflation data to be released later this week.
The Dow Jones Industrial Average went down 81.33 points or 0.2% on Monday to close at 39,431.51, snapping an eight-day winning streak, according to Dow Jones Market Data. The S&P 500 edged down 1.3 points or less than 0.1% to finish at 5,221.4. The Nasdaq Composite went up 47.37 points or 0.3% to end at 16,388.24.
As water levels in the Panama Canal improve, the canal's administration is actively engaging with US liquefied natural gas producers to explore ways to accommodate rising demand for transit, centering discussions on adjusting slot allocations and streamlining passage for LNG vessels. Meanwhile, the canal's plans for constructing water reservoirs to prevent future water shortages are pending government approval.
Because of their high quality and low cost (thanks to heavy government...
Because of their high quality and low cost (thanks to heavy government subsidies), Chinese EVs represent an existential threat to American automakers, industry journalists and execs have argued. The average cost of an EV in the US is $47,500, compared to $28,000 in China, according to Dunne Insights.
And by all accounts, they’re great cars: Inside EVs writer Kevin Williams went to the Beijing Auto Show last week and was floored by the vehicles he saw. His conclusion: “Western automakers are cooked.”
Tesla CEO Elon Musk agrees. In January, he said Chinese EVs “will pretty much demolish most other car companies in the world” if countries don’t slap tariffs on them.
