Southwest cuts revenue outlook despite booming summer travel
Southwest Airlines, already under pressure from hedge funds after disappointing earnings, said Wednesday that a key profit margin will be lower than expected due to changes in how consumers book travel. The airline said it still expects second-quarter revenue to reach a record high. But Southwest said revenue per seat mile flown, a closely watched […]
Texas Is Booming On A Brittle Power Grid, Posing ‘Disastrous’ Risks For All Of America
Texas’ economy and population are growing rapidly compared to the rest of the country, but the state’s power grid is fragile enough to pose risks that extend far beyond its borders. The Electric Reliability Council of Texas (ERCOT), which manages the state’s grid, has flirted with blackouts in recent summers, and officials are projecting that […]
Bitcoin Is Booming, Hits Highest Price Since the Halving – Decrypt
Bitcoin prices soared to their highest since the much-talked-about halving event on April 19, reaching a recent high of $67,422 on Friday before falling again. The largest digital asset has gained nearly 3% in the past day, according to data from CoinGecko. The coin has gained over 9% in 7 days. Current price is $66,750. […]
Used car sales booming as holdout buyers return: Edmunds
FOX Business’ Jeff Flock reports that auto repair costs have increased 33% over the past four years. A new report from Edmunds finds that the used car market is revitalized, buoyed by price relief that kept consumers from buying in the past few years. Auto Shopping Guide released an analysis on Tuesday showing used cars […]
Cruise ship industry is booming despite spate of high-seas deaths
The cruise ship industry has been in full swing since Royal Caribbean on Thursday raised its full-year profit outlook and said it expects 60% year-over-year growth following record first-quarter bookings. Royal Caribbean says that despite a recent spate of fatalities and reports of missing passengers on the high seas, including a 20-year-old Florida youth who […]
Jamie Dimon says US economy is ‘unbelievable’ and booming
JPMorgan Chase & Co. CEO Jamie Dimon on Tuesday expressed confidence in the strong U.S. economy, supported by strong employment and healthy consumer finance. Dimon said in an interview at an Economic Club event in New York that the U.S. economic boom is “unbelievable.” “Even in a recession, consumers are still in good shape.” Still, […]
MATIC’s 8% surge: Is Polygon’s booming network behind it? – AMBCrypto News
Last week we saw a significant increase in activity on the Polygon network. The amount of NFTs and DEXs has also skyrocketed, indicating the growth of the ecosystem. polygon [MATIC] Due to the rise in popularity of L2 and meme coins, they have recently fallen out of the social media conversation in the cryptocurrency space. […]
Doctors are turning medical generative AI into a booming business – CNBC
Attendees at HIMSS 2024 in Orlando, Florida. Provided by HIMSS This technology allows doctors to consensually record meetings with patients. Conversations are automatically converted into clinical notes and summaries using artificial intelligence. Companies such as Microsoft’s Nuance Communications, Abridge, and Suki are developing solutions with these capabilities, which they claim can reduce administrative workload for […]
Stout popularity at ‘all-time high’ amid booming female interest, new alcohol-free options
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Georgia’s booming tech and startup scene is helping Atlanta become the ‘Silicon Valley of the south’
FOX Business’ Madison Alworth reports on how Georgia is benefiting as more Americans leave blue states like California. States like Florida and Texas are experiencing economic booms and rapidly growing populations as many Americans flee blue states during the coronavirus pandemic. The population exodus is now spreading to battleground states as well. Thousands of people […]