Delta Air Lines recently disclosed that the CrowdStrike outage, which led to mass flight cancellations, inflicted a hefty financial toll of approximately $550 million. This staggering figure includes a $380 million revenue loss in the current quarter, attributed to refunds for canceled flights and customer compensation. Additionally, the airline incurred a $170 million expense related
Business
In recent years, Disney’s media business has undergone a significant transformation. Previously, the narrative surrounding Disney’s financial performance was dominated by concerns about streaming losses, declining traditional pay TV revenues, and a string of box office failures. This led to a stagnation in the company’s share price, with shares falling approximately 24% in the past
Disney has recently announced that it will be increasing the prices of its streaming platforms, including Disney+, Hulu, and ESPN+. These price hikes are expected to take effect in mid-October, with most plans seeing a $1 to $2 increase per month. The most significant increase will be for the Hulu plans that include live TV,
JPMorgan Chase, a banking giant that already has a branch in all 48 contiguous states, is now setting its sights on smaller cities and towns across America. The firm recently announced a new goal as part of its multibillion-dollar branch expansion plan, aiming to ensure that half the population in the lower 48 states is
Tadge Juechter, known as the “godfather” of the modern Corvette, recently retired after nearly 47 years with General Motors. His contribution to the Corvette brand has been monumental, as evident in the new 2025 Chevrolet Corvette ZR1, the most powerful and fastest version of the car ever produced. Juechter’s career has been defined by his
The Summer Olympics in Paris have been capturing the attention of millions of viewers in the U.S., with Snoop Dogg playing a significant role in the coverage. From the opening ceremony onwards, the presence of Snoop Dogg has been a standout feature, contributing to a 79% increase in viewership compared to the 2021 Tokyo Olympics.
In a groundbreaking move, Morgan Stanley has announced that it will now allow its financial advisors to offer bitcoin ETFs to eligible clients, making it the first major Wall Street bank to take this step. This decision comes as a significant shift in the landscape of mainstream finance, signaling a growing acceptance and adoption of
Eli Lilly recently released data from a late-stage trial showcasing the benefits of their weight loss drug, Zepbound, in patients suffering from heart failure and obesity. This study adds to the growing evidence that GLP-1 drugs, like Zepbound, have various health benefits beyond weight loss and blood sugar regulation, potentially leading to broader insurance coverage
The recent lawsuit filed by Washington, D.C., Attorney General Brian Schwalb against online ticket exchange platform StubHub has shed light on some disturbing practices in the ticketing industry. The lawsuit alleges that StubHub uses deceptive advertising of low ticket prices to entice consumers, only to hit them with significantly higher prices during the checkout process.
Spirit Airlines, a well-known budget carrier in the U.S., has recently announced the introduction of new service categories to attract more customers and increase revenue. These new packages will be available starting next month and will offer a range of perks that were previously only available as add-ons for an extra cost. The new service