Business

Business
Business

A plane crashed into waters full of crocodiles

Like “snakes on a plane” and “How do you fly this thing again?” some phrases and situations make for film-worthy content precisely because they are the last thing someone wants to hear as a passenger aboard an airplane. But this week, a flight on a seven-passenger regional jet taking off from the Western Australian city

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Business

American Airlines CEO gives stark warning about fuel and ticket prices

With the war set off by the U.S.-Israeli strike on Iran continuing to rage and have ripple effects around the world, multiple airline executives have warned that rising fuel costs will eventually trickle down to travelers. At a panel discussion at the start of the month, United Airlines CEO Scott Kirby said the impact of

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Business

Middle East chaos continues to drain your pocketbook

Maybe the war in the Middle East will end soon. But it’s become very costly and getting costlier by the day at home and (obviously) in the combat zone. Crude oil prices were higher in early trading on March 19. So were prices at the gas pump, both in the United States and elsewhere. Prices

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Business

Another airline prepares to file for bankruptcy, all flights off

With aviation remaining one of the world’s most expensive industries to both get into and stay in business, smaller airlines periodically end up filing for bankruptcy protection or shutting down entirely after running out of money. Airlines that ended up in bankruptcy over the last year include British regional carriers Eastern Airways and Blue Channels,

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Business

Bank of America resets Nvidia stock forecast after meeting with CFO

Nvidia (NVDA) stock has gained about 53% over the past year, at the time of writing, Tuesday afternoon, March 17, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about 18% in the same period. While the stock has performed well in the long term, today’s performance is a little bit

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Business

Classic Disneyland ride to close down indefinitely

At the time that Disneyland first opened its doors to California residents in 1955, what would grow into the world’s biggest theme park empire had just 35 primary rides and attractions. Some of the rides, including “Peter Pan’s Flight” and “Mark Twain Riverboat” remain at Disney parks in multiple countries while others were eventually removed

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Business

Sable Offshore runs into a California Line 325 chokepoint

Sable Offshore (SOC) is trading more like a regulatory battle than a normal oil stock.That is the clearest way to read the latest fight over Line 325, a section of pipeline tied to the company’s Santa Ynez restart plan. Through the plan, the U.S. Department of Energy is forcing reactivation of Sable Offshore’s Santa Ynez

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Business

Dividend-paying restaurant stock stumbles as gas prices surge

Restaurant stocks have been a rough ride lately. Since tensions in the Middle East flared, the sector has quietly been losing ground, and Wall Street is starting to pay close attention. The reason is simple. When gas prices rise, people have less money left over for eating out. It’s one of the most direct and

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Business

McDonald’s and Burger King face whopper of a burger problem

While both brands have invested heavily in their chicken offerings in recent years, McDonald’s and Burger King still treat burgers, the Big Mac and the Whopper, respectively, as their signature product. Burger King has heavily invested in the Whopper, offering new limited-time-offer variations and basing much of its marketing around the signature sandwich. CEO Josh

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Business

Chevron, Shell make stunning Venezuela move as Iran crisis deepens

Chevron (CVX) and Shell are closer to inking major deals as the Iranian crisis looms in the backdrop.  Both energy giants are inching toward some of the first major production agreements in Venezuela since the January political upheaval, Reuters reports. This led to a massive opening in the market. The story is massive, but the

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