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TSA Experiments With Off-Site Screening to Relieve Airport Congestion
The Wall Street Journal129d agoneutral
TSA Experiments With Off-Site Screening to Relieve Airport Congestion

Starting next month, passengers catching morning flights out of Boston Logan International Airport will be able to go through a Transportation Security Administration screening outpost in Framingham, Mass., rather than a terminal. Shuttle buses will then whisk them roughly 25 miles to the airport, where they will be dropped off beyond the security checkpoint, avoiding crowded parking lots, chaotic curbsides and flight check-in queues. Passengers will be able to check in and drop their bags at the remote terminal in Framingham, housed in a newly constructed temporary building.

Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy's under new CEO
Associated Press132d agoneutral
Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy's under new CEO

Berkshire Hathaway more than tripled the size of its investment in Google's parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the start of the year. The conglomerate also dumped a number of other stocks, including Visa, Mastercard, Domino's Pizza, Amazon and United Healthcare after the departure late last year of Todd Combs, who was one of the two investment mangers Buffett hired to help manage the portfolio. Buffett was always reluctant to invest in tech companies because he said he didn't understand them well enough to predict the long-term winners.

Investing.com132d agoneutral
Berkshire adds Delta and Macy’s stakes in first quarter

Investing.com -- Berkshire Hathaway (NYSE:BRKa) disclosed new positions in Delta Air Lines (NYSE:DAL) and Macy’s (NYSE:M) during the first quarter under Chief Executive Greg Abel, according to a regulatory filing Friday afternoon. Shares rallied 3% and 5%, respectively, after hours on Friday amid the news.

Berkshire Added Positions in Delta and Macy’s During Abel’s First Quarter as CEO
The Wall Street Journal132d agoneutral
Berkshire Added Positions in Delta and Macy’s During Abel’s First Quarter as CEO

Berkshire Hathaway took new positions in Delta Air Lines and Macy’s during its first quarter with Greg Abel as chief executive. The company also exited its positions in Amazon.com Domino’s Pizza, Mastercard Visa and UnitedHealth Group among others, during the March quarter. The exited holdings, all on the smaller side in Berkshire’s stock portfolio, might have been positions managed by former investment manager Todd Combs.

Stocks Slide as Inflation Fears Lift Bond Yields
Barchart132d agoneutral
Stocks Slide as Inflation Fears Lift Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is down -0.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -1.02%, and June E-mini Nasdaq futures...

Another low-cost airline furloughs staff over fuel costs
TheStreet134d agoneutral
Another low-cost airline furloughs staff over fuel costs

With oil prices sitting at $100 per barrel for weeks over the war with Iran, airlines have been forced to make long-term decisions over what many initially hoped would be a temporary ebb. Airlines such as Delta, United, Virgin, Air France, Air Canada and Lufthansa have all had to axe multiple ...

Stocks Settle Higher on Strong Earnings
Barchart136d agoneutral
Stocks Settle Higher on Strong Earnings

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...

Airline cancels flights to Canada over fuel costs
TheStreet138d agoneutral
Airline cancels flights to Canada over fuel costs

With jet fuel prices sitting at prices that are nearly double what they were before the U.S.-Israeli strike on Iran, almost every major global airline has trimmed its flight network to prioritize high-traffic routes and cut any underperforming ones. Lufthansa has cut more than 20,000 flights from ...