Passengers check in for United Airlines flights at O'Hare International Airport in Chicago, Illinois, December 13, 2022.Scott Olson | Getty ImagesHere's the friendship test: Can you share your frequent flyer miles with your friends? United Airlines You're betting that customers will be open to it.The airline on Thursday began letting members of its MileagePlus loyalty program accumulate their frequent flyer miles and tap that inventory for flights on United.The Group Leader can choose up to four other family members or friends to participate in the shared account. Leaders must be at least 18 years old, but pool members can be…
Author: ricardofrancois
silenced | silenced | Getty ImagesAfter a year of tight supplies and high borrowing costs, 2024 looks like a better time to buy a car.The average transaction price of a new car in the U.S. in February was $47,244, down 2.2% from February 2023. That's also down 5.4% from the market peak in December 2022, according to Kelley Blue Book.But new cars are still generally expensive; Prices are approximately 14% higher than in February 2021.Incentives like rebates and rebates are slowly returning as inventory grows at most automakers, but prices may never return to pre-pandemic levels, experts predict.”The bad news…
Former US President Donald Trump attends the Trump Organization civil fraud trial, at the New York State Supreme Court in the Manhattan borough of New York City, October 25, 2023.Jenna Moon | ReutersA judge ordered Donald Trump's company on Thursday to report any future efforts to obtain an appeal bond to a court-appointed financial watchdog.Judge Arthur Engoron's order came three days after Trump's lawyer said in a lawsuit that it was “impossible” for the former president to obtain such a bond in a civil fraud case he lost. Trump was seeking bond to prevent the New York Attorney General from…
Reddit Shares jumped as much as 70% in their debut Thursday in the first initial public offering (IPO) of a major social media company since then. Pinterest Hit the market in 2019.The 19-year-old website that hosts millions of online forums priced its initial public offering on Wednesday at $34 a share, above the expected range. Reddit and selling shareholders raised about $750 million from the offering, with the company raising about $519 million.The stock opened at $47 and reached a high of $57.80. At this price, the company's market value was about $10.9 billion. Reddit shares then fell to $48.64…
State investigators found that a power outage that forced the evacuation of hundreds of patients from Boyle Heights Hospital last summer was the result of lapses in the facility's maintenance, a “deficient practice” that could put patients at risk of not getting needed care.In August, Adventist Health White Memorial lost power hours after Southern California was hit by a storm named Hillary. Children and critical care patients were among those who had to be transferred after power went out to part of the hospital, including the building that houses neonatal intensive care. Some patients were transferred to other locations on…
New York – Former President Trump's fundraising surged last month, but his political operation is still struggling to catch up with President Biden and the Democratic Party in terms of money coming in.Trump's campaign and his Save America political action committee, two key committees in his political operation, reported raising $15.9 million in February and ended the month with more than $37 million, according to Federal Election Commission filings Wednesday night.That's up from January, when committees raised just $13.8 million. With Trump easily winning the primaries in Nevada and New Hampshire in February, the odds of any Republican challenger winning…
Check out the companies making headlines in midday trading. Micron – Shares of the semiconductor manufacturer rose 14% after beating analysts' expectations for its fiscal second-quarter earnings and revenue. Micron reported earnings of 42 cents per share on revenue of $5.82 billion. Analysts surveyed by LSEG expected a loss of 25 cents per share on the $5.35 billion in revenue analysts had expected. The company also guided for higher third-quarter earnings and revenue than agreed upon. Apple – The technology stock fell 3.2% on news that the Department of Justice was suing Apple. Regulators said the iPhone ecosystem is a…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Turkey's central bank surprised economists and investors on Thursday with a big hike in interest rates as policymakers sought to calm runaway inflation and stem accelerating capital flight among domestic savers. The central bank raised the key interest rate by 5 percentage points to 50 percent. Most economists expected interest rates to remain stable before the local elections on March 31, according to a Reuters poll.Policymakers noted a “deterioration in inflation expectations,” adding that “a tight monetary stance will be maintained until…
Jeff Greenberg | Global Photo Collection | Getty ImagesExisting home sales rose 9.5% in February from January to 4.38 million units, on a seasonally adjusted annual basis, according to the National Association of Realtors. Housing analysts had expected a slight decline.Sales were down 3.3% year-over-year, but it was the largest monthly increase since February 2023. Sales rose more in the West, up 19.4%, and the South, up 16.4%. Sales in the Northeast were unchanged.“The additional housing supply helps meet market demand,” said Lawrence Yun, chief economist at NAR. “Demand for housing has been steadily rising due to population and job…
In rejecting Walt Disney Co.'s bid to stabilize the board, an influential corporate research firm has recommended that shareholders add billionaire Nelson Peltz to Disney's board, raising the stakes in a proxy showdown next month.On Thursday, Institutional Shareholder Services Inc. recommended — which advises large institutional funds on corporate governance matters — will require investors to vote to give the founder of Trian Fund Management a coveted seat on Disney's board. ISS made its recommendation, in part, by citing Disney's failed succession planning. This recommendation adds to the challenges facing Disney CEO Bob Iger, who has struggled to put Disney…