Author: Daniel snow
A JetBlue Airways Airbus A321-231 taxis at San Diego International Airport on March 4, 2025 in San Diego, California.Kevin Carter | Getty ImagesJetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year unlikely.”We’re hopeful demand and bookings will rebound, but even a recovery won’t fully offset the ground we’ve lost this year and our path back to profitability will take longer than we’d hoped. That means we’re still relying on borrowed cash to keep the airline running,” Geraghty said in a…
Dealing with a self-centered colleague or business partner can be frustrating and draining. But there are warning signs. Source link
The euro trails the U.S. dollar and gold for global central reserves, and European Central Bank President Christine Lagarde described how to change it. Source link
Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield.Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesEuropean defense technology startup Helsing on Tuesday said that it’s raised 600 million euros ($693.6 million) in a bumper new round of funding.The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing.Existing investors Lightspeed Venture Partners, Accel, Plural, General Catalyst and Saab also put money in, alongside new investors BDT &…
Shares of Lockheed Martin, Northrop Grumman and others all fell to start the week. Source link
Simmering trade wars have created a sort of stop-and-start economy — and the latest snapshot of retail sales in May underscores the threat to U.S. growth. Source link
Consumers spending pulled back sharply in May, weighed by declining gas sales and a looming unease over where the economy is headed, the Commerce Department reported Tuesday.Retail sales declined 0.9%, even more than the 0.6% drop expected from the Dow Jones consensus. The decline reversed a 0.1% loss in April and came at a time of unease over tariffs and geopolitical tensions. Excluding autos, sales fell 0.3%, also worse than the estimate for a gain of 0.1%.However, excluding a series of items such as auto dealers, building materials suppliers, gas stations and others, sales increased 0.4%. That reading, known as…
AI isn’t an optional add-on. It’s foundational and roughly equivalent to electricity or the internet. Source link
Verve Therapeutics’ stock rallies by a record 80% on Eli Lilly’s premium purchase price for the drug-development company. Source link
An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023.Spencer Platt | Getty ImagesAmazon is extending its Prime Day discount bonanza, announcing that the annual sale will run four days this year.The 96-hour event will start at 12:01 a.m. PT on July 8, and continue through July 11, Amazon said in a release.For the first time, the company will roll out themed “deal drops” that change daily and are available “while supplies last.” Amazon has in recent years toyed with adding more limited-run and invite-only deals during Prime Day events…