Southwest Airlines Hit With $140 Million Fine for 2022 Holiday Meltdown That Stranded Millions

Southwest Airlines Hit With $140 Million Fine for 2022 Holiday Meltdown That Stranded Millions

The US Department of Transportation (DOT) has imposed a $140 million civil penalty against Southwest Airlines for numerous violations of consumer protection laws during the December 2022 holiday meltdown.


Goldman Sachs Says 'The Great Disinflation' Is Under Way, Setting the Stage for 5 Eventual Fed Rate Cuts

The chief economist of Goldman Sachs is anticipating the end of the pandemic-era inflation soon, as the world economy has now entered a period of "The Great Disinflation."

Japan's Nippon Steel to Buy US Steel in a Deal Valued at $14.9 Billion

Japan's Nippon Steel has secured a deal to buy US Steel for $14.9 billion. Japan's Nippon Steel has secured a deal to buy US Steel for $14. 9 billion.

The Tychon Trio: Unleashing Innovation from the Caribbean

Amidst the sun-soaked landscapes of Trinidad and Tobago, where life pulsates to the rhythm of Carnival, you will find Tychon's three founders—Rawle Annandsingh, Kevin Blake-Thomas, and Darwin Feveck emerge. Defying the stereotype that dreams are confined by geography, these entrepreneurs are rewriting the startup narrative. While Trinidad and Tobago might not be the conventional birthplace of startups, in the hands of the dynamic trio, it has become the epicenter of groundbreaking innovation.


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Timothee Chalamet Charms Moviegoers as ‘Wonka’ Tops Box Office With $39 Million Debut
The musical extravaganza "Wonka" featuring Timothee Chalamet struck a triumphant high note at the box office, debuting with $39 million in box office sales in the United States and Canadian theaters over the weekend.
Citigroup's Plan to Set up Securities Business in China Faces Delay
Citigroup Inc. is reportedly facing delays in its plans to establish a fully-owned securities business in China.
US Treasury Department Unveils New Tax Credit Guidelines for Sustainable Aviation Fuel
The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.
Shipping Giants Maersk and Hapag-Lloyd Suspend Red Sea Travel After Houthi Rebel Attacks
Shipping giants Maersk and Hapag-Lloyd have temporarily suspended their container ship travel through the Red Sea and the Bab el-Mandeb Strait in the Middle East, citing security risks.
Chuck E. Cheese Reportedly Taps Goldman Sachs to Help With Potential Sale
Chuck E. Cheese, the popular US restaurant chain that came out from bankruptcy three years ago, is reportedly considering a sale amid acquisition interest.
China's Mixed Economic Data: Industrial Expansion at Fastest Pace Since 2022; Retail Sales Growth Misses Expectations
China has reportedly recorded its fastest industrial expansion since February 2022 in November. China has reportedly recorded its fastest industrial expansion since February 2022 in November, which signals a complex recovery in the world's second-largest economy.
Vladimir Putin Issues Rare Apology for the Price of Eggs as Russia's Inflation Soars
Russian President Vladimir Putin has issued a rare apology for Russia's inflation problem, which resulted in the soaring of egg prices this week.
Canadian musician Grimes has partnered with toy company Curio to launch an AI-powered toy named "Grok."
SEC Approves Ether ETFs, Marking Major Milestone for Cryptocurrency Industry
JPMorgan Chase analysts foresee a potential shift in the cryptocurrency market dynamics next year, predicting that ethereum will outperform bitcoin and other cryptocurrencies.
Disney Is About to Lose Exclusive Rights to Original Mickey Mouse: Here's What to Know
The iconic "Steamboat Willie" version of Mickey Mouse is poised to enter the public domain in 2024, marking the end of a 95-year copyright period for Disney.
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