Latest in Airlines Raises Spending
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US GDP rose at a 2.8% rate in third quarter on strong consumer spending
Final reading before presidential election was shy of expectations, but shows biggest economy is in robust healthBusiness - Financial Times - 7 hours ago -
Rachel Reeves goes back to the future with a tax and spend budget
Chancellor heeds calls long made on the left for spending to match other European countries with rise of £70bn a year. Autumn budget live – latest updates Budget 2024: key points at a ...World - The Guardian - 10 hours ago -
Treasury failed to disclose ‘material’ spending pressures under Hunt, says OBR
Watchdog says it cannot tell how big ‘black hole’ inherited by Rachel Reeves would have been with full transparencyWorld - Financial Times - 10 hours ago -
Meta sees AI spending accelerating as earnings top forecasts
Mark Zuckerberg cites the potential for ‘strong’ returns in coming years on heavy investments in new technologyBusiness - Financial Times - 7 hours ago -
Meta Earnings Show Revenue Increase, Even as Spending Spree Continues
The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.Business - The New York Times - 6 hours ago -
Meta misses on user growth, warns of 2025 jump in AI spending
Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.Business - CNBC - 5 hours ago -
Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.Business - CNBC - 3 hours ago -
EU targets top Iran officials and airlines, accusing them of supplying drones and missiles to Russia
The European Union has imposed sanctions on Iran’s deputy defense minister, senior Revolutionary Guard members and three airlinesWorld - ABC News - October 14 -
Elliott asks for December special meeting at Southwest Airlines, cuts board slate to 8
Activist investor Elliott Management has requested a Dec. 10 special meeting date at Southwest Airlines, as it seeks to oust CEO Bob Jordan.Business - CNBC - October 14 -
United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback
United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.Business - CNBC - October 16 -
