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JetBlue Cuts Unprofitable Routes and Adjusts European Flight Services

JetBlue Airways is cutting unprofitable routes and adjusting its European flights as part of efforts to achieve consistent profitability. The airline will cease operations on several domestic routes, including from Fort Lauderdale to Jacksonville and from JFK to Austin, while also ending service to San Jose, California. Additionally, it plans to drop its second JFK-Paris flight and summer service to London Gatwick starting in summer 2025, despite better-than-expected revenue and bookings for November and December.
CNBC
United States Dollar JetBlue Airways Corp USA Joanna Geraghty Dave Jehn
Finance & Economy, News Article
23:32 04.12.2024

Telesat Lightspeed Passes Design Review to Compete with Starlink in LEO

Telesat's Lightspeed constellation has successfully passed its early design review, advancing towards a critical design review for its 750-kilogram satellites. With plans for 198 satellites and 14 launches contracted from SpaceX starting in mid-2026, Lightspeed aims to provide around 10 terabits per second of capacity, targeting enterprise and government markets. As competition intensifies with Starlink and Amazon's Project Kuiper, Telesat's CEO emphasizes the growing demand for multiple providers in the expanding LEO broadband market.
SpaceNews
United States Dollar OneWeb Eutelsat Group Telesat Corporation Amazon.com, Inc. SpaceXCoin USD MDA Space Ltd. USA CAN Dan Goldberg Elon Musk Show more
Technology & Innovation, News Article
23:20 04.12.2024

Italian Budget Bill Set for House Debate with Key Tax Proposals

The budget bill is set to be discussed in the House on December 16, featuring proposals such as a €3 billion allocation for the Strait of Messina bridge, an Irpef tax cut, and a bonus for children's extracurricular activities. Tensions within the majority are rising, particularly over the Irpef cuts and the allocation of resources, with various parties pushing for amendments while the Ministry of Economy monitors compliance with funding requirements. Additionally, changes to the oversight of public contribution recipients are anticipated, reflecting broader concerns about fiscal management.
Agenzia ANSA
Euro Apple Inc. RAI ITA Maurizio Lupi Maurizio Gasparri Giancarlo Giorgetti Show more
Finance & Economy, News Article
23:18 04.12.2024

Bernie Moreno Calls for Elimination of Electric Vehicle Tax Credit in Senate

Incoming Ohio Senator Bernie Moreno, a Republican and former luxury car dealer, criticized the $7,500 EV tax credit as "catastrophically stupid," advocating for a market-driven approach to vehicle choice. He argued that the government should not dictate corporate strategies and emphasized that consumer preferences should guide the automotive industry. As automakers scale back EV plans amid declining demand, Moreno called for a regulatory environment that allows the marketplace to thrive without government intervention.
CNBC
United States Dollar GENERAL MOTORS Ford Motor Company Aston Martin Lagonda Global Hol Volkswagen AG Jaguar Land Rover plc MERCEDES-BENZ GROUP USA CHN Mike Rogers Mary Barra Bernie Moreno Sherrod Brown Elissa Slotkin Marin N. Gjaja Show more
Regulatory & Legal, Transcript
23:05 04.12.2024

Teen Hacker Charged for Telecom Breaches and $4 Million in Damages

US prosecutors have charged 19-year-old Remington Ogletree for allegedly hacking into two telecommunications firms and a financial institution, resulting in $4 million in damages. He is linked to the Scattered Spider hacking group, known for attacks on major companies like MGM Resorts and Coinbase.
bloomberg.com
United States Dollar Coinbase Global, Inc. MGM Resorts International Riot Games Inc. Caesars Entertainment, Inc. USA Remington Ogletree Show more
Technology & Innovation, News Article
23:04 04.12.2024

Disney Increases Dividend by 33 Percent Following Streaming Profit Success

Disney has increased its annual dividend by 33% to $1 per share, reflecting the success of its turnaround strategy implemented two years ago. Shareholders will receive the dividend in two installments of 50 cents each, scheduled for January and July of the upcoming year.
bloomberg.com
United States Dollar The Walt Disney Co USA
Finance & Economy, Market Report
23:02 04.12.2024

Big Bank Earnings Rise as South Korea Stabilizes Amid Political Turmoil

Royal Bank of Canada exceeded analyst expectations with Q4 adjusted earnings per share of $3.07 and revenue of $15.1 billion. In South Korea, President Yoon Suk Yeol rescinded his martial law declaration amid political turmoil, facing potential impeachment. Seven & i Holdings Co. plans a $60 billion buyout that includes an IPO for its North American assets, while Dollarama aims to expand in Western Canada with a new logistics hub. Foot Locker shares fell 19% after missing earnings expectations and announcing store closures.
BNN Bloomberg
South Korean Won United States Dollar Canadian Dollar Seven & i Holdings Co., Ltd. Alimentation Couche-Tard Inc. Royal Bank of Canada Foot Locker, Inc. Dollarama Inc. KOR JPN CAN John Aiken Yoon Suk Yeol Show more
TradFi, Market Report
23:01 04.12.2024

Public Pensions Struggle as Real Estate Investments Underperform in Recent Years

Public pensions are facing challenges as real estate investments have underperformed, mirroring issues seen in venture capital for endowments. Many state plans, particularly in Connecticut, New Jersey, Washington, and Arizona, have struggled to meet benchmarks due to high real estate exposure, prompting a reevaluation of strategies. As private real estate continues to decline, pensions are shifting focus towards sectors with stronger fundamentals, such as industrial and multifamily properties, while moving away from distressed office and retail assets.
Institutional Investor
United States Dollar Fitch Ratings Inc. Markov Processes International Cambridge Associates GBR USA Michael Markov Dafina Dunmore Tim Atwill Show more
Finance & Economy, Market Report
23:00 04.12.2024

UBS Maintains Neutral Rating for Rio Tinto with Target Price of 5250 Pence

UBS has maintained a "Neutral" rating for Rio Tinto plc, setting a target price of 5250 pence following an investor day that conveyed mixed messages. Analyst Myles Allsop noted management's confidence in achieving targeted growth while sustaining a solid base dividend.
boerse.de
British Pound Sterling Rio Tinto PLC GBR Myles Allsop
TradFi, Market Report
23:00 04.12.2024

Record Enrollment in Affordable Care Act Plans Continues Amid Strong Demand

Nearly 1 million new customers have enrolled in the Affordable Care Act's exchanges since the open enrollment period began on Nov. 1, with a total of over 5.3 million sign-ups so far. The Centers for Medicare & Medicaid Services (CMS) reported that 4.4 million individuals have returned to marketplace plans for 2025, indicating a strong demand for affordable healthcare. The enrollment period continues until Jan. 15, with many eligible for premium tax credits, allowing 80% of enrollees to secure plans for $10 or less per month.
Fierce Healthcare
United States Dollar Centers for Medicare & Medicaid Services HealthCare.gov Department of Health and Human Services USA Chiquita Brooks-LaSure Xavier Becerra Show more
Healthcare, Press Release
23:00 04.12.2024
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