Southwest Airlines expects slower pace of cost increases, but inflation persists

Bessent open to increasing sanctions on Russia

Treasury Secretary-nominee Scott Bessent told senators Thursday that he would be “100 percent on board” with increasing sanctions on Russia’s major oil companies if President-elect Trump supports ...

The Hill - Jan. 16

Southwest’s valuation is out of whack, Citi says in new ‘sell’ call

Southwest Airlines’ stock was falling Thursday, after Citigroup downgraded the stock to sell from neutral, arguing that the valuation has risen while earnings quality and free-cash-flow conversion ...

MarketWatch - Jan. 16

Not much inflation here: The cost of imports are barely rising ahead of Trump taking office

Most of the lingering problem with U.S. inflation is coming from within the nation’s borders. Not outside of it.

MarketWatch - Jan. 16

How wildfires increase financial risk for utility companies

As extreme blazes happen more frequently, the sector faces costly litigation and damages to infrastructure

Financial Times - Jan. 16

Inflation: still quite annoying

The direction of travel remains mostly sideways

Financial Times - Jan. 16

Southwest Airlines pilot accused of DUI is arrested at Georgia airport before flight

A Southwest Airlines pilot was arrested at a Georgia airport and accused of DUI on Wednesday.

NBC News - Jan. 16

U.S. Sues Southwest Airlines Over Chronic Delays

The Transportation Department said in a lawsuit that two of the airline’s routes were consistently delayed in violation of federal rules.

The New York Times - Jan. 15

DOT sues Southwest, fines Frontier for 'chronically delayed flights'

The Department of Transportation has sued Southwest Airlines, alleging the carrier operated chronically delayed flights.

CNBC - Jan. 15

Transportation Department sues Southwest for 'chronically delayed flights'

The Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights.

NBC News - Jan. 15

Core inflation rate slows to 3.2% in December, less than expected

The consumer price index was expected to rise 0.3% in December and show an annual inflation rate of 2.9%.

CNBC - Jan. 15

Climate ‘whiplash’ events increasing exponentially around world

Global heating means atmosphere can drive both extreme droughts and floods with rapid switches. Climate “whiplash” between extremely wet and dry conditions, which spurred catastrophic fires in Los ...

The Guardian - Jan. 15

Is the recent uptick in inflation cresting? Wholesale prices posts smaller-than expected increase.

Wholesale prices in the U.S. rose modestly in December in a reprieve from a string of elevated inflation in the final months of 2024 that have likely put off any further reductions soon in interest ...

MarketWatch - Jan. 14

Cost of Sizewell C nuclear project expected to reach close to £40bn

Final price tag for building new power plant is likely to be double 2020 estimate

Financial Times - Jan. 14

India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts

The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.

CNBC - Jan. 13

6.2 magnitude earthquake strikes southwest Mexico

The tremor was about five miles from Coalcoman de Vazquez Pallares, a municipality of around 20,000 people about 372 miles west of Mexico City.

CBS News - Jan. 12

Is US inflation set to rise further?

Market Questions is the FT’s guide to the week ahead

Financial Times - Jan. 12

California fires weather forecast: Strong winds expected to increase fire danger

There has been a reprieve from the strongest winds in southern California, but winds are expected to pick up later into tonight, raising the fire danger.

ABC News - Jan. 11

California wildfires highlight the fast pace of home building in fire-prone areas

“More people are building in fire-prone areas than ever before, and they are not building with fire resistance in mind, because it’s expensive,” one expert said.

MarketWatch - Jan. 11

Reward for capture of Venezuela's Maduro increased to $25 million

The increase to $25 million reflects "the gravity of his crimes and the continued threat he poses," a senior official said.

CBS News - Jan. 10

Delta outlook tops estimates as CEO expects 2025 to be airline's 'best financial year in our history'

Delta's CEO said strong travel demand is driving revenue higher.

CNBC - Jan. 10

Consumer expectations for higher inflation soar in early January

Americans’ expectations for overall inflation over the next year jumped to 3.3% in January from 2.8% in the prior month, according to the University of Michigan’s gauge of consumer sentiment.

MarketWatch - Jan. 10

NHL Power Rankings: Knights take command, plus each team's points pace vs. expectation

Another jumble atop the list gives us a new No. 1. Plus, a breakdown of how each team has performed vs. its preseason over/under from ESPN BET.

ESPN - Jan. 10

The Costs of the Los Angeles Fires

Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.

The New York Times - Jan. 10

12 coal miners trapped after mine collapses in southwest Pakistan

Officials say a methane gas explosion has caused a mine to collapse in a remote area in restive southwest Pakistan, trapping at least 12 miners

ABC News - Jan. 10

Tesco and M&S warn of rising costs but pledge to minimise price increases

Shares in retailers fall despite positive Christmas trading

Financial Times - Jan. 9

Fed braces for Trump inflation bump

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed frets about impact of Trump policies on inflation Central bank officials ...

The Hill - Jan. 8

‘Inflation levels seem to be increasing’: Businesses are worried about tariffs and rising prices.

The holiday shopping season gave a boost to service-oriented companies in December, but top executives were wary of potential Trump tariffs and a recent uptick in inflation.

MarketWatch - Jan. 7

Severe Cold Spells May Persist Because of Warming, Not in Spite of It

Yahoo News - Jan. 7

Euro zone inflation rose to 2.4% in December, meeting expectations

Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.

CNBC - Jan. 7

German inflation rises more than expected to 2.9% in December

German inflation jumped to a higher-than-expected 2.9% in December, German statistics office Destatis said Monday.

CNBC - Jan. 6

Firms to raise prices due to tax and wage increases

Consumers could face higher costs in the coming months amid falling confidence among UK businesses.

BBC News - Jan. 6

Germany to release inflation estimate for 2024

Yahoo News - Jan. 6

UK businesses plan price increases as Budget drives up costs

Tax and wage rises have caused confidence to ‘slump’, warns British Chambers of Commerce

Financial Times - Jan. 5

What went wrong for Spirit Airlines?

Spirit Airlines hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020. It filed for bankruptcy protection in November.

CNBC - Jan. 5

The Biggest U.S. Retailers Increased Their Dominance in 2024

Using distinct but overlapping business models, Amazon, Costco, and Walmart captured over half of recent growth in retailing, and are squeezing smaller rivals hard.

Inc. - Jan. 3