An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. David Ryder | Bloomberg | Getty ImagesAlaska Airlines flight attendants rejected a new labor deal that would have come with immediate raises averaging more than 24%, their union said Wednesday, setting both sides up for more talks as a merger with Hawaiian Airlines looms.The union and the company had reached a tentative “record” agreement in June, which included boarding pay, as well as back pay, on top of average pay increases of about 32% over the three-year deal,…
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China Coast Guard ships (background L and R) are seen past the Philippine Coast Guard ship BRP Cape Engano (C), as photographed from the BRP Cabra during a supply mission to Sabina Shoal in disputed waters of the South China Sea on Aug. 26, 2024.Jam Sta Rosajam Sta Rosa | AFP | Getty ImagesChina and the Philippines accused each other of ramming their ships in a disputed area of the South China Sea on Saturday, the latest in an escalating series of clashes in the vital waterway.China’s coast guard said a Philippine ship, “illegally stranded” at the Sabina Shoal, had…
He Xiaopeng, founder of Chinese EV company Xpeng, said on Aug. 27 that the startup’s next ten years will focus on integrating artificial intelligence.CNBC | Evelyn ChengBEIJING — Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with prices starting as low as $16,812, far below that of Tesla’s Model 3.The Chinese automaker said orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after the car’s formal launch in Beijing.Xpeng’s U.S.-listed shares closed up 6.5% in New York trading on Tuesday, while its Hong Kong-traded shares rose nearly 2%…
Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per share that were 25 cents higher than expected, it issued tepid guidance for the full year. Nordstrom now expects adjusted earnings per share to be between $1.75 and $2.05, compared to a previous range of $1.65 to $2.05. It anticipates sales will be in a range of a 1% decline to 1% growth from the prior year, compared to previous guidance of down 2% to up 1%. In a…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 28, 2024. Brendan McDermid | ReutersStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.Here’s what CNBC TV’s producers were watching as a decline in Nvidia shares weighed on the S&P 500 Wednesday and what’s on the radar for Thursday’s session.Three big tech stocks to watch Thursday morningNvidia is down about 7% after hours after reporting its quarterly report. CNBC TV’s man…
‘Fast Money’ trader Katie Stockton talks investing in agriculture, trading on volatility and more. Source link
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013.James Lawler Duggan | ReutersThe IRS has unveiled a “voluntary disclosure program” for businesses that claimed a pandemic-era tax credit in error and want to pay the money back.Worth thousands per employee, the employee retention tax credit, or ERC, was designed to support small businesses affected by the Covid-19 pandemic. The lucrative tax break sparked a cottage industry of firms pushing employers to wrongly claim the credit. The IRS unveiled a “special withdrawal process” for companies with pending claims in September. The new voluntary disclosure program offers applicants…
Telegram founder and CEO Pavel DurovManuel Blondeau – Corbis | Corbis News | Getty ImagesThe chief executive officer of Telegram, Pavel Durov, was arrested at an airport on Saturday night outside Paris and placed in custody for alleged offenses related to the messaging app.The 39-year-old Russian-born billionaire was reportedly accused of failing to mitigate the misuse of his social media and messaging platform for criminal activities.The Paris Public Prosecutor’s Office issued an arrest warrant for Durov in connection to an investigation opened on July 8 into organized crime, drug trafficking, fraud, and the distribution of pornographic images of minors on…
Botswana’s President Mokgweetsi Masisi holds a large diamond discovered in Botswana at his office in Gaborone on August 22, 2024.Monirul Bhuiyan | Afp | Getty ImagesOne of the largest diamonds ever to be excavated was found in Botswana at a mine owned by Canadian firm Lucara Diamond.The 2,492-carat diamond is the world’s second-largest discovery and comes more than a century after a 3,106-carat gem was found in South Africa in 1905. That stone, known as the Cullinan Diamond, was cut into nine large pieces, many of which were incorporated into the British Crown Jewels.Lucara said on Wednesday that the gem…
United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024.Hyoung Chang | Denver Post | Getty ImagesUnited Airlines CEO Scott Kirby says he is optimistic about Boeing’s recovery after meeting with the manufacturer’s new chief executive.It’s an upbeat change of tune from the head of United, a top Boeing customer that has been among the most publicly frustrated about the plane maker’s problems, which have led to delayed deliveries of dozens of aircraft.Kirby and Boeing’s new CEO, Robert “Kelly” Ortberg, had lunch earlier this week in…
