Delta flight that flipped upside down was descending too fast. According...
Delta flight that flipped upside down was descending too fast. According to a preliminary report from the Transportation Safety Board (TSB) of Canada, the Feb. 17 Delta flight that crash-landed, flipped over, burst into flames, and sent 21 people to the hospital had a high rate of descent. Canada’s TSB said the plane was traveling at 155 mph about 2.6 seconds before touchdown, when its ground proximity warning system sounded. TSB Chair Yoan Marier clarified that there may have been other factors in addition to the descent speed. The crash-landing was one of several recent high-profile aviation incidents in North America, which have worried travelers and contributed to a drop-off in airlines’ sales forecasts.
Apple shook up its executive ranks, putting Vision Pro creator Mike Rockwell in charge of Siri, in an effort to upgrade its lagging AI business, Bloomberg reported.
TikTok is partnering with the National Center for Missing & Exploited Children to put Amber Alerts in users’ For You feeds—a feature that’s already integrated into Facebook and Instagram.
The EU delayed implementing its retaliatory tariffs on the US until mid-April to allow for more time to negotiate with the US.
Home sales unexpectedly ticked up 4.2% in February, beating estimates, as many buyers grew tired of waiting for mortgage rates to come down.
The Cheesecake Factory said it’s eliminating 13 menu items, including the Loaded Mashed Potato Omelette and SkinnyLicious Spicy Shrimp Pasta. They could have just taken them off and no one would have noticed.
Edible Arrangements’s parent company is finally capitalizing on the brand name by launching an e-commerce marketplace for the other kind of edibles (hemp products).
Oil prices climb as Middle East flare-ups lift risk of supply disruption
Crude futures were on track to notch back-to-back gains...
Crude futures were on track to notch back-to-back gains on Thursday, with prices finding support from growing tensions in the Middle East that raise the risk of supply disruptions in the oil-rich region.
A weekly fall in U.S. gasoline demand reported by the Energy Information Administration on Wednesday, meanwhile, fed concerns over the economy's outlook and energy demand, contributing to losses in oil prices for the month to date.
-- West Texas Intermediate crude for April delivery rose 94 cents, or 1.4%, to $68.10 a barrel on the New York Mercantile Exchange ahead of the contract's expiration at the end of the session. The May WTI contractwas up 99 cents, or 1.5%, at $67.90.
-- May Brent crude was up 64 cents, or 0.9%, at $71.42 a barrel on ICE Futures Europe.
-- April gasoline tacked on 0.5% to $2.1813 a gallon, while April heating oil added 0.7% to $2.2476 a gallon.
-- Natural gas for April delivery traded at $4.136 per million British thermal units, down 2.6%.
Dow ends lower, S&P 500 and Nasdaq resume selloff Thursday
U.S. stocks ended lower Thursday, with the S&P 500...
U.S. stocks ended lower Thursday, with the S&P 500 and Nasdaq resuming the rout that landed the two indexes in correction territory recently.
Somewhat optimistic comments from Federal Reserve Chair Jerome Powell helped stocks notch big gains on Wednesday, but the positive vibes started to fade a day later.
The Dow Jones Industrial Average ended 11.31 points lower, or less than 0.1%, closing at 41,953.32.
The S&P 500 index shed 12.40 points, or 0.2%, ending at 5,662.89.
The Nasdaq Composite closed down 59.16 points, or 0.3%, at 17,691.63.
From a month ago, the Dow was off 5%, the S&P 500 was 7.4% lower and the Nasdaq was down 11.4%, according to FactSet.
Sabine Oil & Gas to Add 4th Haynesville Rig as Gas Prices Rise
Sabine Oil & Gas plans to add a fourth rig on its East Texas leasehold...
Sabine Oil & Gas plans to add a fourth rig on its East Texas leasehold next month.
President and CEO Carl Isaac said Sabine aims to keep the fourth rig deployed “hopefully for the rest of the year” if the company is comfortable with natural gas prices staying elevated.
Isaac said East Texas pureplay Sabine Oil & Gas has held steady at three rigs since the beginning of the COVID-19 pandemic. Two rigs are in Haynesville, and one is in the Cotton Valley.
APA, formerly Apache, made the reductions in January and late February,...
APA, formerly Apache, made the reductions in January and late February, according to an emailed response to questions. The reductions amount to 10% and 15% of the company’s more than 2,300-person workforce.
APA is the worst-performing energy stock in the S&P 500 over the past 12 months. With operations stretching from the US Permian Basin to Egypt, investors have been concerned APA is spread too thin geographically for a company of its size. In November, the company announced plans to shutter operations in the North Sea, and is targeting about $350 million in annual savings by the end of 2027.
