Delta canceled another 400 flights Tuesday as its troubles in the wake of the global CrowdStrike-Microsoft IT outage dragged on for the fifth consecutive day. The Atlanta-based carrier also saw more than 300 flights delayed…
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Business
S&P 500 climbs for best day since early June as Nvidia shares lead tech turnaround
by adminThe S&P 500 rose Monday to notch its best day since June 5 as tech shares bounced on the heels of the worst weekly loss for the index since April. The benchmark climbed 1.08% to settle at…
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Business
FTC launches probe into ‘surveillance pricing’ that it says links cost to customer data
by adminThe Federal Trade Commission is launching an investigation into so-called “surveillance pricing,” seeking more information about how artificial intelligence is used to change pricing rapidly based on data about customer behavior and characteristics. The FTC…
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Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Sales were also 5.4% lower than…
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Business
Delta cancels hundreds more flights as its recovery from global CrowdStrike-Microsoft outage lags
by adminDelta Air Lines CEO Ed Bastian apologized and offered frequent flyer miles to travelers for thousands of flight cancellations as the carrier struggled to recover from Friday’s globe-spanning IT outage, disruptions that sparked criticism from Transportation Secretary…
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Business
Federal Reserve fines Walmart-linked Green Dot Corp $44 million after customers lost access to funds
by adminGreen Dot Corp., a company that partners with Walmart to sell prepaid debit cards at the retail giant, has been fined $44 million by the Federal Reserve for ‘numerous’ alleged failures that harmed consumers over…
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People aren’t boosting their savings much even as wages rise and inflation slows. Households socked away about 3.9% of their disposable income as of May, the latest federal data shows, down from 5.3% in May…
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A software failure in the web that makes up the global supply chain threatens to disrupt daily commerce for an indefinite period, showing how widespread reliance on the same system can create a worldwide crisis…
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Business
Ticketmaster offers four tickets for $80 to selected shows amid summer concert slowdown
by adminTicketmaster and its parent company, Live Nation, are offering a promotion through the end of July that lets users buy four tickets for $80 to selected shows. The offer is good for thousands of shows…
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Business
With corners of the media industry in upheaval, Netflix makes clear it’s staying out of the fray
by adminNetflix’s second-quarter earnings report contained no bombshells, and that’s just fine for the company and its investors. In recent weeks, Paramount Global has agreed to merge with Skydance Media. Warner Bros. Discovery is considering all options for its future and may lose broadcast rights to the NBA.…