JetBlue planes at JFK’s Terminal 5 in New York.Leslie Josephs | CNBCJetBlue Airways will open its first airport lounges in its more than two decades of flying, a major shift for the low-cost airline as it chases high-spending travelers.The lounges will open at the carrier’s hubs in New York late next year followed by Boston, JetBlue said Thursday.The airline is also planning to launch a new “premium” credit card with its partner, Barclays, taking a page from the likes of Delta Air Lines, United Airlines and American Airlines, which have generated billions through lucrative credit card deals.Customers who have the…
Author: usaeverydaylife
LINCOLN, Neb. — Before her first night on the streets, Jahmal Banks’ mother picked a family from their community of support for him to live alongside. Evicted from her Maryland home, Kristie Martin pleaded with him to leave her. It would be temporary, she said.She promised Jahmal, a student at the private Landon School in Bethesda, that she would see him daily. She wanted to ensure his clothes were ironed before Jahmal walked into the classroom every morning 12 years ago. She wanted to know he’d eat a meal each night and that he had access to a table suitable…
US President Joe Biden looks on before speaking ahead of the 30th anniversary of the Violence Against Women Act on the South Lawn of the White House in Washington, DC, September 12, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesA federal judge has extended a temporary restraining order against the Biden administration’s latest student loan forgiveness plan, threatening the White House hope to provide financial relief to tens of millions of Americans ahead of the Nov. 5 presidential elections. U.S. District Judge Randal Hall, appointed by former Republican President George W. Bush, said on Wednesday that he would maintain the order blocking the Biden…
The biggest Federal Reserve meeting of the year has come and gone, and investors seem to be giving the central bank top marks… it just needed overnight to think about it. The Fed cut rates by a half percentage point on Wednesday, surprising some traders who anticipated a quarter-point reduction. Stocks first took the news with some trepidation, fearing maybe the Federal Reserve knew something about the economy they did not. The major averages closed the previous sessions slightly lower after failing to hold on to sharp gains. After sleeping on it, however, investors now like the Fed’s move. @DJ.1…
Amazon parcels are prepared for delivery at Amazon’s Robotic Fulfillment Centre.Nathan Stirk | Getty ImagesAmazon is rolling out an artificial intelligence tool designed to help third-party sellers quickly resolve issues with their accounts and fetch sales and inventory data.The company said Thursday that it’s launching the product, called Amelia, in beta for select U.S. sellers, before introducing it more broadly later this year. Amazon describes it as an “all-in-one, generative-AI based selling expert,” and is making it accessible through Seller Central, the internal dashboard for third-party merchants.Amelia is the latest generative AI tool that Amazon has brought to market in…
Roslan Rahman | AFP | Getty ImagesCryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half percentage point reduction in interest rates, the first in more than four years.The price of bitcoin was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Bitcoin, like stocks, initially jumped and then pulled back as traders absorbed the news.Ether, which has struggled to outperform bitcoin in recent the weeks, rose nearly 5%. Its main competitor, the Solana token, jumped 7.5%.Stock Chart IconStock…
The blasts that rocked Lebanon for a second day reached the doors of a walkie-talkie maker in Japan on Thursday, as Israel’s declaration of a “new phase” to the conflict raised fears of all-out war.At least 37 people, including two children, were killed and thousands more injured across Lebanon, the country’s health minister said early Thursday — a rising toll from a two-day wave of attacks that left the country reeling and the region on the brink.The stunning operation using walkie-talkies and pagers belonging to Hezbollah has left the Iran-backed militant and political group in disarray, with its leader Hassan Nasrallah set to deliver a much-anticipated response…
Check out the companies making headlines before the bell. Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. NextEra Energy Partners — Shares gained 2.6% after Jefferies initiated coverage of NextEra Energy with a buy rating, saying concerns around $3.75 billion in buyouts that the energy company has to handle are already priced into the stock. DoorDash — The food delivery stock rose more than…
Here are five key things investors need to know to start the trading day:1. Roller coaster rideStock markets took a volatile turn Wednesday as investors weighed the Federal Reserve’s interest rate decision. Market watchers initially cheered the outsized 50-basis-point rate cut, but it raised concerns that the Fed was trying to get ahead of potential economic weakness. The Dow Jones Industrial Average closed 103.08 points lower, or down 0.25%, after earlier rising as much as 375.79 points just after the Fed decision. The S&P 500 lost 0.29% after touching a record high in earlier trading, while the Nasdaq Composite fell 0.31%. Fed Chair Jerome…
Passers-by walk in front of the main entrance to the Axel Springer high-rise. Carsten Koall | Picture Alliance | Getty ImagesGerman media empire Axel Springer will be split in two under a deal between CEO Mathias Doepfner and private equity firm, the company said on Thursday, securing the billionaire chief executive’s control over news titles Bild and Politico.Axel Springer’s profitable classifieds businesses are to become separately held entities under U.S. firm KKR and Canada’s CPP Investments majority ownership, the German media group said in a statement.The two sides had reached a deal in the summer to split Axel Springer, a source…
