The head of the Federal Aviation Administration recently announced an increase in the required amount of rest time for air traffic controllers. The decision comes in response to concerns over fatigue among controllers due to a staffing shortage. These changes will take effect within 90 days and will mandate that controllers have at least 10
admin
Federal Reserve Bank of Chicago President Austan Goolsbee expressed doubts about the ease of reaching the 2% inflation target by 2024. Despite the significant decrease from the pandemic-era peak of 9.1%, current inflation rates remain stubbornly above the desired target. The consumer price index rose 3.5% in March from a year ago, indicating the challenges
Autonomous delivery drone startup Zipline recently celebrated its 1 millionth delivery to customers, marking a significant milestone in the company’s growth. Zipline, based in San Francisco, specializes in designing, building, and operating autonomous delivery drones for a wide range of clients, including hospitals, major brands like Walmart, and even CNBC Disruptor 50 companies. With over
Lululemon, a popular athletic apparel retailer, has made a strategic decision to close its distribution center in Sumner, Washington, resulting in the layoff of 128 employees. This move comes after the company opened a new, larger warehouse outside of Los Angeles, indicating a shift in its distribution strategy. The closure of the distribution center in
As enrollment deadlines loom, an alarming trend has emerged – fewer students have been able to determine how they will finance their college education for the upcoming year. The introduction of the new Free Application for Federal Student Aid has not been without its challenges. Many students have faced delays in receiving financial aid award
The fiscal stimulus measures implemented by China are losing their efficacy, according to a report by S&P Global Ratings senior analyst Yunbang Xu. The analysis indicates that the primary objective of the fiscal stimulus is to buy time for the implementation of industrial and consumption policies. Xu pointed out that while fiscal stimulus may serve
Netflix recently announced that it will no longer be providing quarterly membership numbers or average revenue per user starting next year. This decision marks a significant shift in how the company will report its financial metrics to investors. The move comes as Netflix reported earnings that exceeded expectations on both the top and bottom lines.
Every year, visitors to national parks across the United States are treated to free admission on April 20 as the federal government waives entrance fees to celebrate the start of National Park Week. This special week runs for nine days, from April 20 to April 28, allowing people to explore the beauty and wonder of
Investing in the stock market can be a challenging task, especially when trying to identify potential winners before they take off. However, Ocean Park Investments, under the leadership of Chief Investment Officer J. Dennis Jean-Jacques, has managed to spot three promising stocks in the artificial intelligence (AI) sector. Despite the industry already being dominated by
Alaska Airlines faced a setback in the first quarter due to a midair blowout incident involving a new Boeing 737 Max 9. This incident resulted in a loss of $132 million for the carrier. However, Alaska received $162 million in compensation from Boeing for the accident. Despite the challenges faced by the airline, executives remain