JetBlue launches hostile takeover bid for Spirit Airlines
Analysts say a merger of any of the two carriers could create an airline with the scale and routes to more effectively compete with the nation’s four largest air carriers.
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United States can’t make enough fuel—and there’s no fix in sight
In other kinds of markets, a surge of demand and shortage of supply would trigger more investment. But the longer-term transition away from fossil fuels dims the outlook for demand, making companies unwilling to put up the billions of dollars needed to build new refinery plants.
Vegetable oil prices soar, far outstripping other food inflation
Extreme weather and the war in Ukraine have tightened global supplies of the four most commonly used types of vegetable oil—staple ingredients that are as ubiquitous in home kitchens as they are in restaurants and packaged foods.
Formula One, fueled by Netflix and ESPN, revs up courtship of U.S. fans
In the view of Mark Miles, president and CEO of Penske Entertainment Corp., which owns the IndyCar series and Indianapolis Motor Speedway, F1’s American expansion is a boon for all forms of motorsports.
In wicked reversal, stock market has worst day in two years
The sell-off was a sharp reversal of fortunes after markets posted large gains on Wednesday, a whiplash caused by temporary confusion over the Federal Reserve’s approach to raising interest rates this year.
Millions who retired early during pandemic now returning to work, new data shows
In some cases, workers say rising costs—and the inability to keep up while on a fixed income—are factoring heavily into their decisions.
Musk lines up $7.1B in investor financing for Twitter bid
The infusion adds heft to the Tesla chief’s offer and eases some of the financial pressure he’s taken on in pursuit of the social media platform.
U.S. plastics recycling rate slumps below 6%, analysis finds
Though plastics use fell in the early days of the pandemic, consumption has rebounded along with economic activity. Meanwhile, plastic waste exports have plummeted in the wake of import bans by countries such as China and Turkey.
Colonial Jamestown, assailed by climate change, is facing disaster
At risk of flooding due to rising sea levels, the historic settlement demonstrates the danger that some of the nation’s most important cultural sites face due to climate change.
Crowds protest across country after news of leaked draft Roe opinion
In Indianapolis, protesters and counter-protestors gathered outside the U.S. District Court of Southern Indiana at 46 E. Ohio St. on Tuesday evening.
Amazon workers vote against unionization in New York
Labor organizers and experts say they expect the momentum to organize at Amazon’s more than 1,000 warehouses across the country to continue despite the loss.
When moms out-earn their husbands, they gain more housework, study says
The study used research from the Institute of Family Studies and examined the relationship between spousal income and division of housework from more than 6,000 dual-income, heterosexual married couples between 1999 and 2017.
Spirit Airlines rejects JetBlue’s $3.6B bid, citing concerns over federal approval
The board of Spirit Airlines said it would continue to pursue a merger with Frontier Airlines.
Black businesses booming as pandemic recedes
In the early months of the pandemic, Black-owned small businesses closed at twice the rate of other businesses. But in 2021, Black-owned small businesses were created at the fastest clip in at least 26 years.
New omicron subvariant shows virus mutations aren’t slowing down
Two-and-a-half years after it first spilled into humans, the COVID virus has repeatedly changed its structure and chemistry in ways that confound efforts to bring it fully under control.
COVID deaths no longer overwhelmingly among unvaccinated as toll on elderly grows
The pandemic’s toll is no longer falling almost exclusively on those who chose not to get shots, with vaccine protection waning over time and the elderly and immunocompromised having a harder time dodging increasingly contagious strains.
Crypto industry would get its preferred regulator under new bill
A new bipartisan proposal would give the rapidly-expanding sector a victory by handing authority to the Commodity Futures Trading Commission, seen by the industry as a more benevolent regulator.
Elon Musk spoke of possible Twitter job cuts with bankers
Musk also brought up several ideas to boost revenue for the company, such as paying “influencers” to create content, following a business model that helped make TikTok a powerhouse social media app.
United States is ‘out of the pandemic phase,’ Fauci says
Anthony Fauci, President Joe Biden’s chief medical adviser, said the United States was in the “full-blown pandemic phase” in the winter, then entered a period he refers to as the “deceleration” phase. The country is transitioning, he said, to the control phase.
The pandemic was hard on office suck-ups. Now they’re back and ready to schmooze.
In a just world, the shift to remote work over the last two years would reward productivity and expose the slackers. But as corporations have been returning to business as usual, guess who can’t wait to get back to the office? Suck-ups, the co-workers we love to hate.