Boeing delays are wreaking havoc with the airline industry’s plans, and flyers may well feel the pain

Ryanair CEO Michael O’Leary expects to cut traffic expectations for next year. Boeing is facing fresh criticism from airlines as it struggles to deliver planes on time. Delayed deliveries have upended airlines’ operational plans, by both limiting growth and causing them to fly older planes for longer than planned. Ryanair CEO Michael O’Leary told Reuters…

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House Republican Thomas Massie posts joke about write-in ballot listing ‘DeSantis’ for president — and ‘Massie’ for VP

Rep. Thomas Massie of Kentucky on Tuesday posted a photo of a ballot containing his name as a write-in presidential candidate, quipping, “I do NOT recommend this …unless you’re in a state where the outcome is already decided.” Rep. Thomas Massie, an idiosyncratic libertarian who represents a deep-red Kentucky district, shared a photo on X…

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60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden’s broader relief remains blocked in court

President Joe Biden approved another batch of student-loan borrowers in public service for debt cancellation. Another batch of student-loan borrowers in public service has been approved for billions of dollars in debt relief. On Thursday, President Joe Biden and the Education Department announced that 60,000 borrowers are getting $4.5 billion in student-loan forgiveness following fixes…

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Michelle Obama is still in the background with the election fewer than 3 weeks away

Obama hasn’t campaigned publicly since the DNC. As Vice President Kamala Harris is virtually tied with former President Donald Trump, one of the country’s most popular Democrats has been notably absent from the campaign. Former First Lady Michelle Obama hasn’t made an official appearance on Harris’ campaign since speaking at the Democratic National Convention nearly…

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Warren Buffett’s Berkshire Hathaway may have left $23 billion on the table by trimming Apple stock earlier this year

Warren Buffett, CEO of Berkshire Hathaway. Berkshire Hathaway slashed its Apple position by 55% in the first half of 2024, even as the iPhone maker’s stock traded at or near record highs. Calculations by B-17 suggest Berkshire Hathaway’s sales of Apple stock in the first and second quarters of this year resulted in about $23…

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How Blackstone made 18,000 workers owners of their HVAC company

Signage is seen at the Blackstone Group headquarters in New York City, U.S. The private-equity industry is famous for taking control of companies to maximize returns for investors. But when a firm exits a deal, employees are often left with nothing but a new owner. The newest rage in private equity seeks to flip that…

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Chip stocks rally after TSMC’s strong sales forecast calms growth worries

Taiwan Semiconductor Manufacturing Company has offered something of an antidote to the brief crisis of confidence that hit the chipmaker industry. Two days after a broad semiconductor-stock sell-off driven by a light forecast from the Dutch firm ASML, chipmakers rallied on Thursday on TSMC’s strong results. TSMC itself climbed as much as 13% in New…

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