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Delta Cuts Growth Plans Amid Rising Fuel Costs

Delta Air Lines announced plans on Wednesday to cut its capacity growth for the June quarter amid a surge in jet fuel prices driven by the US-Israel war on Iran. The airline expects to pay about $4.30 per gallon for jet fuel, adding more than $2 billion to its fuel costs compared with a year earlier

Apr 8, 12:24 PM ET Est. Read: 1 Mins

3 articles from 3 publishers

BusinessAirlines

Delta Raises Baggage Fees Amid Rising Jet Fuel Costs

Delta Air Lines announced it is raising checked baggage fees by $10 for domestic and short-haul international flights starting Wednesday. The new fee structure brings the cost to $45 for the first bag, $55 for the second, and $200 for a third bag. The increase is part of Delta's ongoing pricing revi

Apr 7, 7:28 PM ET Est. Read: 2 Mins

5 articles from 4 publishers

BusinessCorporate

Ackman's $64B UMG Bid Hinges on Bolloré Support

Billionaire investor Bill Ackman has launched a $64 billion bid to acquire Universal Music Group (UMG), the label representing artists such as Taylor Swift and Kendrick Lamar. According to multiple reports, the proposed deal would merge UMG with Pershing Square Capital Management's SPARC Holdings an

Apr 7, 5:04 PM ET Est. Read: 2 Mins

6 articles from 4 publishers

More Business Summaries

Economy

Dimon Warns Iran War Risks Economic Fallout

JPMorgan Chase CEO Jamie Dimon has warned that the ongoing war in Iran raises economic risks and could lead to adverse outcomes, according to his annual letter to shareholders. The conflict is among several geopolitical tensions cited by Dimon as primary risks facing the bank. The letter highlights

Apr 7, 2:43 PM ET·3 min read

4 articles from 4 publishers

Corporate

Ackman Offers $64B for Universal Music

Pershing Square, led by activist investor Bill Ackman, has offered to acquire Universal Music Group (UMG) in a cash-and-shares deal valued at approximately $64.31 billion (€55.75 billion). The offer includes €9.4 billion ($10.9 billion) in cash plus 0.77 shares in the new entity for each UMG share.

Apr 7, 8:16 AM ET·1 min read

4 articles from 3 publishers

Legal

Feds Sue States Over Prediction Market Regulation

The federal government has sued Connecticut, Arizona, and Illinois to challenge their efforts to regulate prediction market operators such as Kalshi and Polymarket . According to multiple reports, all three states have issued cease-and-desist orders to these companies, accusing them of engaging in i

Apr 3, 6:11 PM ET·3 min read

5 articles from 5 publishers

Economy

United Raises Bag Fees Amid Rising Fuel Costs

United Airlines has raised its fees for first and second checked bags by $10, becoming the second U.S. carrier to increase such fees this week. The airline announced that the new prices will apply to flights in the U.S., Mexico, Canada, and Latin America for tickets purchased from Friday, April 3 on

Apr 2, 10:05 PM ET·2 min read

3 articles from 3 publishers

Labor

NLRB Orders Amazon to Negotiate with Staten Island Union

The National Labor Relations Board (NLRB) ruled that Amazon must negotiate with the Amazon Labor Union (ALU), which represents about 5,000 workers at a Staten Island warehouse. The ruling comes after years of resistance from Amazon, which has argued against recognizing the union's legitimacy. The NL

Apr 2, 6:02 PM ET·2 min read

3 articles from 3 publishers

Economy

Trump Admin Imposes Up to 100% Tariffs on Some Imported Drugs

The Trump administration has imposed up to 100% tariffs on certain imported patented medicines, according to multiple reports. The new levies will apply unless drugmakers strike deals with the administration or move their manufacturing operations to the US within four years. According to a draft doc

Apr 2, 6:02 PM ET·2 min read

6 articles from 4 publishers

Automotive

Tesla Reports Mixed Global Sales Results

Tesla reported mixed global sales results for the first quarter of 2026, with growth in some regions offset by declines elsewhere. In China, Tesla's locally-made electric vehicle (EV) sales rose for a second consecutive quarter, driven by recovering European demand and potentially benefiting from hi

Apr 2, 10:01 AM ET·2 min read

6 articles from 3 publishers

CorporateCONFLICTING REPORTS

Hershey to Restore Classic Reese's Recipes by 2027

Hershey announced Wednesday it will revert to classic recipes for all Reese’s products starting in 2027, following criticism from Brad Reese, the grandson of the founder. The change comes after Brad Reese publicly criticized the company for shifting to cheaper ingredients in some products. The curre

Apr 1, 10:55 PM ET·2 min read

4 articles from 4 publishers

Economy

SpaceX Aims for $2 Trillion Valuation in Record IPO

SpaceX has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Commission, targeting a potential valuation of $1.75 trillion to over $2 trillion , according to multiple reports. The Texas-based company submitted its draft IPO filing this week, putting it on tra

Apr 1, 3:06 PM ET·2 min read

22 articles from 9 publishers

Corporate

Oracle Cuts Thousands Amid AI Spending Push

Oracle has begun laying off thousands of employees as it seeks to free up cash for significant investments in AI infrastructure. The $420 billion company, headquartered in Austin, Texas, started the redundancies on Tuesday, affecting various roles including senior engineers and program managers from

Apr 1, 6:55 AM ET·2 min read

6 articles from 4 publishers

Corporate

IndiGo Names Walsh CEO to Repair Image

India's largest airline, IndiGo , has named aviation industry veteran William Walsh as its new chief executive. According to multiple reports, Walsh will join the company in August after concluding his term as director general of the International Air Transport Association (IATA). This appointment f

Apr 1, 3:27 AM ET·2 min read

4 articles from 3 publishers

Charity

Buffett & Currys Revive Charity Lunch Auction

Warren Buffett is reviving his annual charity lunch, this time partnering with NBA superstar Stephen Curry and his wife Ayesha for an exclusive auction event. The "A Seat At The Table" auction offers a private lunch with the billionaire investor and the Currys, with proceeds benefiting both the Glid

Mar 31, 5:07 PM ET·2 min read

3 articles from 3 publishers

Technology

Delta Partners with Amazon for Advanced In-Flight Wi-Fi

Delta Air Lines and Amazon have announced a long-term partnership to revolutionize in-flight connectivity using Amazon's low Earth orbit (Leo) satellite network. The collaboration aims to provide passengers with faster, more reliable internet access on hundreds of Delta aircraft starting in 2028. Th

Mar 31, 5:07 PM ET·2 min read

3 articles from 3 publishers

PharmaceuticalsMIXED REPORTS

Lilly to Acquire Centessa for Up to $7.8B

Eli Lilly has agreed to acquire Centessa Pharmaceuticals in a deal valued at up to $7.8 billion , according to reports from Reuters, STAT News, and CNBC. The acquisition aims to expand Lilly's portfolio beyond metabolic treatments into sleep disorders and neurological conditions. The UK-based Centes

Mar 31, 12:32 PM ET·2 min read

3 articles from 3 publishers

Corporate

Unilever to Merge Food Business with McCormick in $65B Deal

Unilever is nearing a final agreement to merge its food business with McCormick & Company, creating a combined entity valued at nearly $65 billion. The transaction includes $15.7 billion in cash that would give Unilever majority control of the new spin-off, which will combine brands such as Knorr an

Mar 31, 8:25 AM ET·2 min read

15 articles from 7 publishers

Economy

U.S. Gas Prices Top $4/Gallon Amid Iran Conflict

The average U.S. gas price has topped $4 per gallon for the first time since 2022 due to the ongoing Iran conflict, according to multiple reports. The national average stands at $4.02 , a significant increase from $2.98 before the war began on February 28, as reported by AAA and covered by BBC News,

Mar 31, 8:25 AM ET·2 min read

6 articles from 5 publishers

Corporate

Korean Air Enters Emergency Mode Over Fuel Costs

Korean Air Co., South Korea's flag carrier, will enter emergency management mode this week in response to rising fuel costs and other worsening external conditions, according to multiple sources. The decision was announced by Korean Air Vice Chairman Woo Kee-hong in an internal notice. The airline p

Mar 31, 6:19 AM ET·2 min read

3 articles from 3 publishers

Economy

UK Car Finance Scandal Costs Lenders $12B

The UK car finance industry is facing a $12 billion bill to compensate motorists for unfair vehicle loans, as revealed by the Financial Conduct Authority (FCA) in its final redress scheme. The scandal, one of Britain's costliest financial mis-selling cases, spans from April 2007 to November 2024 and

Mar 31, 6:19 AM ET·2 min read

6 articles from 3 publishers

Economy

CAA Proposes Heathrow Charge Cap for 2027-2031

The Civil Aviation Authority (CAA) has proposed capping passenger charges at Heathrow Airport between £27.20 and £30.50 for the regulatory period from January 2027 until the end of 2031, according to multiple reports. According to The Guardian , the average charge per passenger will rise slightly fr

Mar 31, 6:19 AM ET·1 min read

3 articles from 3 publishers

Corporate

Judge Halts Nexstar-Tegna Merger Over Antitrust Concerns

U.S. District Judge Troy Nunley has temporarily halted Nexstar Media Group's $6.2 billion acquisition of Tegna , ordering the companies to cease integration efforts pending further review. The judge's ruling comes in response to a lawsuit filed by DirecTV, which argued that the merger would violate

Mar 30, 5:36 PM ET·1 min read

3 articles from 3 publishers

Automotive

Iran War Threatens Luxury Carmakers' Gulf Profits

The ongoing Iran war is disrupting the profits of luxury carmakers from the Middle East, a region that accounts for less than 10% of sales volume but delivers disproportionately high margins due to demand for bespoke models. The conflict has caused significant disruptions in shipping routes, affecti

Mar 30, 4:37 AM ET·2 min read

4 articles from 3 publishers

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Business

Delta Cuts Growth Plans Amid Rising Fuel Costs

Delta Raises Baggage Fees Amid Rising Jet Fuel Costs