Boeing 737-790 aircraft belonging to Alaska Airlines is seen flying at Anchorage Ted Stevens International Airport in Anchorage, Alaska, United States on July 2, 2024. Hasan Akbas | Anadolu | Getty ImagesAlaska Airlines and Hawaiian Airlines can go through with their planned merger, but they must maintain the value of their airline reward systems and preserve several key routes, the U.S. Department of Transportation said Tuesday.The two carriers’ $1.9 billion merger agreement cleared the U.S. Justice Department’s review last month. That put it in the hands of the Transportation Department, which must also review airline mergers.The DOT said the airlines must…
Author: usaeverydaylife
Alistair Berg | Digitalvision | Getty ImagesPlanning to work longer is a popular escape hatch for Americans who feel they’ve saved too little to support themselves in old age.About 27% of workers intend to work in retirement because they need to supplement their income, according to a new CNBC and SurveyMonkey survey. They polled 6,657 U.S. adults in early August, including 2,603 who are retired and 4,054 who are working full time or part time, are self-employed or who own a business.While working longer is among the best ways to shore up one’s nest egg, the plan may backfire, according…
If you were waiting for your cue to step out of high-yielding money market funds, the bell is about to ring: The Federal Reserve is widely expected to start cutting interest rates on Wednesday afternoon. Central bank policymakers embarked on their rate-hiking journey in March 2022, which had the pleasant side effect of boosting yields on a range of plain-vanilla investments, including Treasury bills and certificates of deposit. Currently, the Fed’s benchmark interest rate sits at a target range of 5.25% to 5.5%. But the days of 5% yields on money market funds are numbered, even as more than $6.3…
LeanIn and McKinsey have released their annual Women in the Workplace Report, and while there are clear signs of progress, women also face major headwinds. The percentage of Fortune 500 CEOs who are women has doubled from 5% a decade ago when LeanIn and McKinsey started doing this report, to 10% today. Companies now offer significantly more work-life benefits than they did even five years ago: In 2024, 92% of companies offered paid maternity leave and 86% offered paid paternity leave, up from 2018, when 78% of companies offered paid maternity leave and 70% offered paid paternity leave.”We’re seeing some progress,…
Pete Radovich, the coordinating producer of the UEFA Champions League coverage on CBS Sports, is reflecting on how he came to realise that the network’s Champions League Today studio now owns the global conversation on major nights of European football.“Thierry Henry, in no uncertain terms, says he gets asked more about CBS now than Arsenal,” Radovich grins. “He will tell you that straight up. That to me is wild.“This summer, I was in a taxi in Croatia. The driver asked me where I’m from. I told him New York. He’s like, ‘Oh, you’re into sports?’. I said yes and he…
People walk by a banner outside of the New York Stock Exchange (NYSE) for the IPO of Flutter Entertainment, the parent company of FanDuel, on January 29, 2024 in New York City.Spencer Platt | Getty ImagesFanDuel parent Flutter Entertainment will spend $2.6 billion (2.3 billion euros) to acquire Italian gambling company Snaitech from Playtech, adding to a string of deals that aim to boost international growth.In an email to CNBC, a Flutter spokesperson said the company is “hugely excited” to add another leading brand to its portfolio “in what is Europe’s largest regulated market.”The deal comes as Flutter pushes to…
US Representative Patrick McHenry (R-NC) speaks to members of the media outside the office of US House Speaker Kevin McCarthy (R-CA), at the US Capitol in Washington, DC, on October 3, 2023. Mandel Ngan | AFP | Getty ImagesRep. Patrick McHenry (R–N.C.) sharply criticized other politicians on Tuesday for making public comments about what the Federal Reserve should do with its interest rate policy.McHenry,the outgoing chair of the House Financial Services Committee, said it was an ‘”outrage” that some politicians are publicly lobbying the central bank about rate cuts.”The outrage to me is … for instance, if you’re on the right,…
CHICAGO, ILLINOIS – MAY 05: Bausch + Lomb eye vitamins are offered for sale at a drug store on May 05, 2022 in Chicago, Illinois. Bausch + Lomb parent company Bausch Health is spinning off the eye-care company with an upcoming IPO which will list on the New York Stock Exchange and TSX with the ticker symbol “BLCO”. (Photo by Scott Olson/Getty Images)Scott Olson | Getty Images News | Getty ImagesBausch Health, formerly known as Valeant Pharmaceuticals, is a multinational specialty pharmaceutical company with global headquarters in Canada. It serves various therapeutic areas, including dermatology, gastroenterology, neurology and ophthalmology.The company…
Longer-term investors should ignore the daily racket surrounding interest rates and focus on generating income over the next 10 years, according to New York Life economist and chief market strategist Lauren Goodwin. It’s easy to get caught up in the day-to-day fodder, especially during a week like this one, according to Goodwin, who spoke to CNBC Pro in a special discussion from the sidelines of the Future Proof Conference in Huntington Beach, California. The Fed is set to cut rates for the first time in four years on Wednesday and an election looms in November. (Watch the full discussion above.)…
Before Sidney Crosby’s first home opener at Pittsburgh’s now-extinct Mellon Arena in October 2005, Mario Lemieux walked past a media scrum encircling Crosby and into the players’ lounge, pouring a cup of black coffee.Smirking, he opined about soon being “forgotten.” Then, in an unusually earnest moment, Lemieux predicted Crosby would “own all my records one day,” nodded his head and walked out.Lemieux might have undersold it. Crosby will have an opportunity to break Lemieux’s Penguins records, but also NHL records by Wayne Gretzky (most consecutive seasons averaging at least a point per game) and Steve Yzerman (most consecutive seasons as…
