Industry

Southwest Airlines Hit With $140 Million Fine for 2022 Holiday Meltdown That Stranded Millions

Southwest Airlines Hit With $140 Million Fine for 2022 Holiday Meltdown That Stranded Millions

The US Department of Transportation (DOT) has imposed a $140 million civil penalty against Southwest Airlines for numerous violations of consumer protection laws during the December 2022 holiday meltdown.


Japan's Nippon Steel to Buy US Steel in a Deal Valued at $14.9 Billion

Japan's Nippon Steel has secured a deal to buy US Steel for $14.9 billion. Japan's Nippon Steel has secured a deal to buy US Steel for $14. 9 billion.

Timothee Chalamet Charms Moviegoers as ‘Wonka’ Tops Box Office With $39 Million Debut

The musical extravaganza "Wonka" featuring Timothee Chalamet struck a triumphant high note at the box office, debuting with $39 million in box office sales in the United States and Canadian theaters over the weekend.

US Treasury Department Unveils New Tax Credit Guidelines for Sustainable Aviation Fuel

The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.


Latest News

Canadian musician Grimes has partnered with toy company Curio to launch an AI-powered toy named "Grok."
SEC Approves Ether ETFs, Marking Major Milestone for Cryptocurrency Industry
JPMorgan Chase analysts foresee a potential shift in the cryptocurrency market dynamics next year, predicting that ethereum will outperform bitcoin and other cryptocurrencies.
Disney Is About to Lose Exclusive Rights to Original Mickey Mouse: Here's What to Know
The iconic "Steamboat Willie" version of Mickey Mouse is poised to enter the public domain in 2024, marking the end of a 95-year copyright period for Disney.
LinkedIn Cancels Plan to Move to Microsoft Azure — Here's Why?
LinkedIn has opted not to proceed with its plan to relocate its data center technology to Microsoft's Azure cloud.
In Historic Decision, US Greenlights a New Nuclear Reactor That Doesn’t Use Water for Cooling
In a historic move, the US Nuclear Regulatory Commission (NRC) has given California startup Kairos Power a construction permit for its Hermes demonstration reactor that departed from traditional nuclear reactor cooling method.
Etsy to Axe 11% of Its Workforce as Weak Sales Persist Into Holiday Season
Etsy is set to reduce its workforce by 11% as part of a broader effort to restructure and streamline costs amid challenging market conditions.
Elon Musk's SpaceX to Sell Insider Shares at $97 Each in Tender Offer, Making Its Value Closer to $180 Billion: Report
SpaceX will reportedly sell insider shares at $97 each in a tender offer, a price increase that brings the valuation of the Elon Musk-owned space and satellite company closer to $180 billion.
Boeing Makes Further Job Cuts, Slashes 50% of Its Strategy Teams, Report Says
Boeing has reportedly executed more substantial cuts than anticipated in its strategy teams. Boeing has reportedly executed more substantial cuts than anticipated in its strategy teams.
Hasbro To Lay Off 1,100 Employees as It Struggles With Weak Toy Sales Amid Holiday Season
Toy company Hasbro is set to lay off approximately 1,100 employees as part of its ongoing efforts to navigate the challenging market conditions.
Warren Buffett-Led Conglomerate Berkshire Hathaway Cuts Stake in HP to 5.2%
The Warren Buffett-led conglomerate Berkshire Hathaway has cut its stake in HP to 5.2%. The Warren Buffett-led conglomerate Berkshire Hathaway has cut its stake in HP to 5.
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