Category: Business & Markets

American Airlines Struggles With Pilot Deficit, Grounds 150 Aircraft

American Airlines, a leading carrier based in Fort Worth, is currently grappling with a significant challenge. The airline is unable to operate approximately 150 of its regional aircraft due to a persistent shortage of pilots, as revealed by CEO Robert Isom. Speaking at the Bernstein 39th Annual Strategic Decisions Conference, Isom stated, “We would deploy…


Wegmans Is Closing One of Its Largest Grocery Stores. Its Unusual Location Hurt Business

NATICK, Mass.—The Wegmans supermarket chain is closing one of its largest and most unusual stores because it has not attracted enough business, the company said. The Natick, Massachusetts store will close on an undetermined date this summer, the Rochester, New York-based company said in a statement on Thursday. “Making these decisions is never easy. However,…


Stock Market Today: Wall Street Leaps After Strong Jobs Report, Dow Rallies 701

NEW YORK—Stocks rushed higher Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 leaped 1.5% for the latest surge in a rally that’s vaulted it nearly 20% since mid-October. That put Wall Street’s main measure of health on…


Biden Addresses the Nation After Passage of Debt Ceiling Deal: ‘The Stakes Could Not Have Been Higher’

President Joe Biden promoted the recent debt ceiling agreement that prevented a historic U.S. default in his first-ever address to the nation from the Oval Office on June 2. He said he would sign the bill into law on Saturday. Biden began his address by highlighting the significance of the deal he reached with House…


YouTube Reverses Policy on Censoring Claims of Stolen 2020 Election

YouTube has announced it’s doing a U-turn on censoring content about U.S. elections, with the platform saying it will no longer delete posts questioning the results of the 2020 presidential election, including claims of widespread voter fraud. The company made the announcement in a blog post on Friday, which comes about two months after it…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 2)

Benchmark U.S. crude oil for July delivery rose $1.64 to $71.74 a barrel Friday. Brent crude for August delivery rose $1.85 to $76.13 a barrel. Wholesale gasoline for July delivery rose 6 cents $2.50 a gallon. July heating oil rose 5 cents to $2.36 a gallon. July natural gas rose 1 cent to $2.17 per…


How Major US Stock Indexes Fared June 2

Stocks rushed higher after a strong report on the U.S. job market eased Wall Street’s worries about a possible recession. The S&P 500 jumped 1.5 percent Friday, while the Dow soared 701 points. The rally brought the S&P 500 nearly 20 percent above a low hit in October. It’s on the edge of entering a…


[PREMIERING 6/3, 7:30PM ET] How Humans Were Used as ‘Lab Rats’ in the COVID Pandemic: Dr. Ryan Cole on Fragmented mRNA, ‘Spike Messages,’ and the Vaccine ‘Ego’

“Here we are three years into this, with a virus that has evolved into something that for most people is a common cold, shots that are expired because the variants they cover are all extinct—I mean, it’s an absurdity that the shots are even on the market at all—and yet, we’re still seeing brilliant physicians…


[PREMIERING 6/3, 7:30PM ET] How Humans Were Used as ‘Lab Rats’ in the COVID Pandemic: Dr. Ryan Cole on Fragmented mRNA, Spike Protein Messages, and the Vaccine ‘Ego’

“Here we are three years into this, with a virus that has evolved into something that for most people is a common cold, shots that are expired because the variants they cover are all extinct—I mean, it’s an absurdity that the shots are even on the market at all—and yet, we’re still seeing brilliant physicians…


How the Debt Deal Will Impact the Economy

The debt deal between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) allows the federal government to continue functioning for the next year and a half. To make the agreement, both sides conceded what they believe are important issues. One thing the agreement provides is a clear picture each party envisions for the future…