Author: Daniel snow

[ad_1] 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…

Read More

[ad_1] 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…

Read More

[ad_1] 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…

Read More