Wednesday, December 28, 2022

Southwest got billions of dollars in taxpayer aid. Why is its service still a mess?

When the coronavirus pandemic ground the transportation industry to a screeching halt in early 2020, the US government doled out more than $54 billion in aid to help pay employees and keep the systems from buckling.
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Southwest got billions of dollars in taxpayer aid. Why is its service still a mess?
When the coronavirus pandemic ground the transportation industry to a screeching halt in early 2020, the US government doled out more than $54 billion in aid to help pay employees and keep the systems from buckling. Read more »
 
Sam Bankman-Fried borrowed $546 million from his hedge fund to buy a Robinhood stake
When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed the deal with more than half a billion dollars borrowed from the his own hedge fund — the entity that prosecutors say was illegally funneling customer funds from its affiliated platform, FTX. Read more »
 
Starbucks rewards members will have to spend more for some free items next year
Starbucks is making changes to its rewards program, requiring members to spend more to earn some popular freebies. Read more »
 
US House bans TikTok from official devices
TikTok has been banned from electronic devices managed by the US House of Representatives, according to an internal notice sent to House staff. Read more »
 
American Airlines places price caps on some cities to help Southwest customers get home
Many Southwest customers have been desperately trying something -- anything -- that will get them back home. But some passengers have been horrified to find other airlines posting last-minute flights to their destinations that can cost thousands of dollars. Read more »
 
Wall Street's dirty secret: It's terrible at forecasting stocks
December is a month full of market predictions for the year to come. Everyone, from economists to analysts to grocers, seems to have a strong feeling about how stocks will behave going forward. Read more »
 
 
 
 
Dow Nasdaq S&P
-365.85   -139.94   -46.03
32,875.71   10,213.29   3,783.22
-1.10%   -1.35%   -1.20%
YTD -9.53%   YTD -34.72%   YTD -20.62%
 
Biggest Winners
Generac Holdings Inc +5.58%
 
Darden Restaurants Inc +0.78%
 
Bank of America Corp +0.74%
 
JPMorgan Chase & Co +0.55%
Biggest Losers
EQT Corp -7.82%
 
Southwest Airlines Co -5.16%
 
VF Corp -4.79%
 
Coterra Energy Inc -4.73%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $78.79 -0.74 / -0.93%
Gold $1,812.00 -11.10 / -0.61%
10-yr 3.89% +0.03
Euro $1.06 -0.00 / -0.21%
More Markets Now
 
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