American Airlines kicks off D-Day 80th anniversary trip for World War II veterans to Normandy - Business news - NewsLocker (2024)

American Airlines kicked off its D-Day 80th anniversary trip to Normandy, France, with 70 World War II veterans on Friday at Dallas Fort Worth International Airport.The veterans enjoyed a kickoff dinner Thursday night at American Airlines headquarters in Forth Worth, Texas, before their AA flight to Paris, and took part in a parade to the airport on Friday afternoon.The veterans were sent off with an address from actor and founder of the partnering group, Gary Sinise of the Gary Sinise Foundatio

China's EV market is going global. Can U.S., Canada balance protectionism with reducing emissions?

China’s electric vehicle industry is poised to dominate the globeand that has governments in Europe and North America, including Canada, grappling with what can be seen as competing priorities — protect domestic manufacturing by imposing tariffs on Chinese-made EVsor focus on reducing our reliance on fossil fuels.

Gwyneth Paltrow's Los Angeles home on the market for $29.99 million

Gwyneth Paltrow’s six-bedroom home in Los Angeles’ Brentwood neighborhood is on the market for $29.99 million.The "Shakespeare in Love" actress, 51, first bought the 8,000-square-foot house with her then-husband Chris Martin in 2012 for $9.95 million, according to The Wall Street Journal.The single-story, Windsor Smith-designed home, hidden behind high hedges in the lower Mandeville Canyon area, offers "unmatched privacy and tranquility," andboasts reclaimed wood floors a

'Give us $600 and also we hate you': WestJet's new UltraBasic fare gets roasted online

If there'sanything people canagree on these days, it's that flying sucks. Which may partially explain the online roasting ofWestJet's new UltraBasic fare, where travellers can board the plane and that'sabout it.

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Dollywood edges out Disney for favorite theme park: survey

Hello, Dolly!Dollywood has edged out Disney for favorite theme park, according to a survey from the National Amusem*nt Park Historical Association.The NAPHA releases a survey every year that includes categories like "most beautiful theme park," "favorite traditional theme park" and "favorite wooden roller coaster," and Dolly Parton’s eponymous park came out on top for "favorite theme park" overall.The Tennessee staple beat out both Disney World in Florida, which came in at second, wh

LARRY KUDLOW: 'Look under the hood' of Biden's May jobs report and you'll see the problem

If you're going to buy a pre-owned, used car like so many people have to do nowadays, you can't just be impressed by a shiny new paint job.Instead, you've got to look under the hood. You've got to check out the engine, the oil, battery, brake fluid and spark plugs.Well, today's release of the May jobs report is much the same. The shiny, new paint job was a significant 272,000 increase. Although nearly half of that was government and government-related jobs, that's what the nonfarm pa

Economic growth can unify voters: Vivek Ramaswamy

Former 2024 presidential candidate Vivek Ramaswamy, turned Trump supporter, says Americans dealing with economic hardships can find common ground across both parties. "Prices have gone up. Interest rates and mortgage rates have gone up. Wages have not kept up pace. And that's why Americans reject Bidennomics. They understand how they've been affected. And you know what? I think economic growth can be a unifying agenda," he said during an appearance with Larry Kudlow on FOX Business."

David Sacks says Trump fundraiser has 'tremendous turnout,' surpassed goal on Kudlow

Craft Ventures co-founder David Sacks joined "Kudlow" on Friday, telling host Larry Kudlow the fundraiser he and another Silicon Valley venture capitalist recently held for former President Trump had "tremendous turnout" and exceeded expectations."When we agreed to do this event, we started off– the question was whether we could just raise $5 million, and that was the goal because as you well know, the Bay Area, is sort of a liberal bastion, and so we thought that $5 million might be a big

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'Roaring Kitty': What to know about the meme stock investor

"Roaring Kitty" came roaring back to life last month, sending his top position, GameStop, into a trading frenzy.The meme stock retail trader, widely identified as Keith Gill, broke his "Roaring Kitty" X account’s roughly three-year streak of dormancy May 12 with a picture depicting a seated video game player leaning forward. Prior to that, his most recent post on X had been from June 2021.He followed the post with numerous subsequent video clips where he flooded his timeline in the weeks t

'Roaring Kitty' says GameStop to benefit from 'Ryan Cohen and crew'

Meme stock retail trader Keith Gill, who goes by ‘Roaring Kitty,’ kicked off his highly anticipated YouTube livestream on Friday by telling nearly 600,000 viewers why he continues to bet big on GameStop."It becomes a bet on the management" of GameStop — particularly on CEO Ryan Cohen "and his crew" — during the "transformation stage" that he believes the video game retailer has entered."That’s probably going to be an ongoing debate as to how people feel

National Debt Tracker: American taxpayers (you) are now on the hook for $34,670,632,654,267.19 as of 6/6/24

The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — rose to $34,670,632,654,267.19 as of Wednesday afternoon, according to the latest numbers published by the Treasury Department. That is up about $10.7 billion from the figure reported the previous day.By comparison, just four decades ago, the national debt

US household wealth soars to a new record as stocks march higher

U.S. household wealth smashed another record at the start of 2024 thanks to a surging stock market, according to a Federal Reserve report published Friday.Household net worth rose about 2.9%, or $5.1 trillion, in the three-month period from January through March to a new high of $160.8 trillion, the Fed said in its quarterly snapshot of the balance sheets of households and businesses.The increase was primarily driven by a $3.8 trillion increase in the value of equities held directly or ind

Unemployment increased just slightly despite the US adding 272,000 jobs

The U.S. added 272,000 jobs in May, a higher number than the average monthly gain of 232,000 jobs seen in the last year, the Bureau of Labor Statistics reported in its Employment Situation summary.Unemployment ticked up slightly from 3.9% to 4.0%. Compared to last year, the unemployment rate hasn’t changed substantially. Last year, in May, the jobless rate was 3.7%.Several industries led the growth in jobs. Health care and government jobs increased by the most. The hospitality industry and

May job growth boosted by strong hiring in the government, health care

The U.S. economy added jobs at a faster-than-expected clip in May as strong hiring in health care and the government helped to boost the overall payroll figure.Employers added 272,000 jobs in May, the Labor Department said in its monthly payroll report released Friday, easily topping the 185,000 gain forecast by LSEG economists. But the unemployment rate unexpectedly inched higher to 4% against expectations that it would hold steady at 3.9%. It marked the highest level for the jobless rate since

Migrant surge driving hotel prices to record highs in sanctuary city: report

The cost of a hotel room has hit a record high in New York City, in part due to the ongoing migrant crisis, which has squeezed the number of hotel rooms available for tourists.The New York Times, citing data from CoStar, reported that the average daily rate for a hotel stay in NYC increased to $301.61 in 2023, up 8.5% from $277.92 in 2022.More recently, in the first three months of 2024, the average stay was $230.79 a night, up from $216.38 in the same period last year.The price hikes come amid

Google signs deal with organization to distribute $100M to Canadian news companies

Google named the organization it has selected to distribute the $100 million the tech giant has promised to Canadian news companies Friday.

Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says

The timing for when exchange-traded funds (ETFs) tied to the cryptocurrency ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission's queries, Chair Gary Gensler said on Wednesday.The SEC last month approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs. It was a surprise win for the cryptocurrency industry, which had expected the SEC to reject the filings after discouraging meetings with the regulator.WARREN B

Mortgage rates fall but only slightly as home prices continue rising

Mortgage interest rates fell this past week, but not by much. Rates for 30-year mortgages averaged just a hair under 7% at 6.99%, Freddie Mac reported in its weekly rates report.Last week’s average for 30-year fixed-rate mortgages was just over 7%. Both last week’s and this week’s rates are higher than they were this time last year when rates averaged 6.71%."Mortgage rates retreated this week given incoming data showing slower growth," Freddie Mac Chief Economist Sam Khater sai

Energy bills expected to rise as summer temps climb

Americans across the country may face higher costs to beat the heat this summer and, according to a new forecast, those energy bills will climb nearly 8% compared to last year.They will have to fork over an average of $719 from June through September to cover energy bills this year, the National Energy Assistance Directors Association (NEADA) and the Center for Energy Poverty, and Climate (CEPC) projected Monday. That equates to almost $180 on average for each of those four months.La

More than 1.2 million rechargeable lights recalled following death, multiple fires

The U.S. Consumer Product Safety Commission is recalling more than 1.2 million rechargeable lights following a reported death of a consumer and multiple fires.Good Earth Lighting’s Rechargeable Integrated Lights, which were manufactured in Cambodia and China, can "overheat and ignite the light’s plastic housing, posing fire and burn hazards to consumers," according to the CPSC.The CPSC issued a recall this week "following the report of a consumer who died, and another who

US job growth jumps by 272K in May while unemployment unexpectedly rises

U.S. job growth accelerated again in May, defying expectations for a slowdown, even as the unemployment rate rose to the highest level in more than two years.Employers added 272,000 jobs in May, the Labor Department said in its monthly payroll report released Friday, easily topping the 185,000 gain forecast by LSEG economists. But the unemployment rate unexpectedly inched higher to 4% against expectations that it would hold steady at 3.9%. It marked the highest level for the jobless rate since J

Today's mortgage rates for 15- and 30-year terms hold steady | June 7, 2024

The interest rate on a 30-year fixed-rate mortgage is 6.625% as of June 7, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is also unchanged from yesterday.With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms and fees to ensure you get the best deal.Rates last updated on

GameStop shares volatile after earnings and ahead of ‘Roaring Kitty’ live stream

GameStop shares were volatile on Friday morning after the company reported results and ahead of a YouTube livestream planned by meme stock influencer Keith Gill, also known as "Roaring Kitty."The video retailer reported a net loss of $32.2 million compared to a loss of $50.5 million in the year-ago period. Sales fell 28% to $881 million, down from $1.2 billion. The company also plans to sell up to another 75,000,000 shares on top of the 45,000,000 already sold.Shares fell following a 47% j

Canada's economy added a flat 27,000 jobs in May while unemployment ticked up to 6.2%

The Canadianeconomy addeda flat 27,000 jobs in May,while unemployment inched up slightly to 6.2 per cent, Statistics Canada said Friday.

Canada's economy added 27,000 jobs in May

Canada's economy added 27,000 jobs in May, while unemployment inched up very slightly to 6.2 per cent, Statistics Canada said Friday.

Life's tough. Will the interest rate cut help?

The Bank of Canada has cut its key interest rate by a quarter of a percent, the first such cut since 2020. But is it going to make life in Canada any more affordable?

Expert urges employees to go beyond 401(k)s for retirement: 'Don’t leave money on the table'

As 401(k)s come under immense scrutiny, one expert suggests employees tap into other savings plans.Wealth Enhancement Group Senior Vice President and financial adviser Nicole Webb, whose firm specializes in plan design for business owners, suggested that the average employee go beyond having a 401(k)."I would say for most folks watching, don’t leave money on the table," she expressed during her appearance on "Making Money" Wednesday.She added: 401(k)s "were never designed" to be a retireme

Workplace learning expert explains how to bolster new skills to keep up with AI, Gen Z

A.I. is making a tectonic shift in the workplace, giving professionals more reasons than ever to stay ahead of the technological curve.New data shows 66% of industry leaders are now setting the bar high, saying they will not hire candidates who lack A.I. skills — a decision that could tilt the scales significantly in favor of the tech-savvy Gen Z.At the same time, that could spell bad news for seasoned industry workers who are reluctant to change with the times."I think a lot of us h

These are the most affordable US cities for dining out and the one most expensive

Inflation has sent menu prices soaring over the past few years at restaurants across the U.S., giving customers sticker shock and causing many to scale back on dining out in order to save money.One recent survey indicated that nearly 80% of Americans now consider fast food a "luxury" due to high prices, and 62% said they are eating it less frequently because of the cost.But the price of a typical meal at a restaurant can vary greatly depending on the locale, a new analysis shows.Using Google and

Nearly two-thirds of middle-class Americans say they are struggling financially: 'Gasping for air'

A majority of middle-class Americans are experiencing financial hardship that they expect will continue for the rest of their lives, according to a new poll.Findings published by the National True Cost of Living Coalition show that 65% of Americans whose incomes are 200% above the national poverty line – which is about $62,300 for a family of four, often considered middle class – said they are struggling financially.Respondents include those with high school diplomas and