Monday, September 22, 2025

 
Home Blog Page 114

United Airlines, Spirit Airlines clash over business model

0


A war of words between United Airlines and ailing Spirit Airlines executives escalated on Tuesday after the Chicago-based airline’s chief questioned the bankrupt discounter’s business model and expressed doubts if it could stay in the industry.

Minutes later, Spirit responded. In a post on X, the Florida-based carrier said its customers love low fares and its premium product offerings. “Maybe that’s why United executives can’t stop yapping about us,” the airline said.

United’s CEO Scott Kirby has been a vocal critic of the business model of no-frills airlines and has repeatedly questioned their viability.

United’s CEO Scott Kirby has been a vocal critic of the business model of no-frills airlines and has repeatedly questioned their viability. REUTERS

On Tuesday, he called the ultra-low-cost airline business model “an interesting experiment,” which has “failed.”

“And it seems unlikely to me that Spirit can keep flying because their customers dislike the airline and don’t want to fly,” Kirby told the US Chamber of Commerce’s Global Aerospace Summit in Washington.

Spirit filed for bankruptcy protection last month for the second time in a year after a previous reorganization failed to put it on firmer financial footing.

Its financial troubles have created an opportunity for rival carriers to grab market share.

Last week, United started selling tickets for new flights to 15 cities where Spirit operates. The company said its new flights were aimed at giving Spirit’s customers other options if the discount carrier suddenly went out of business.


Spirit Airlines planes at an airport gate.
Spirit filed for bankruptcy protection last month for the second time in a year after a previous reorganization failed to put it on firmer financial footing. ZUMAPRESS.com

Spirit immediately responded, dubbing United’s comments “wishful thinking.” The company said it expected to remain in business “for many years to come.”

To stem its cash burn, Spirit has been shrinking its operations and retreating from markets. It has discontinued service to 11 US cities, including Portland, Oregon, and San Diego, and no longer plans service to Macon, Georgia, which was scheduled to start in mid-October.

Industry analysts and executives say Spirit’s troubles stemmed from its failure to fix its bloated cost structure. Its total operating expense in the latest quarter was $1.2 billion, which amounted to 118% of its quarterly revenue.



This story originally appeared on NYPost

Manhattan judge’s ruling against ICE on Rikers is blatantly lawless

0

“Null and void,” Judge Mary Rosado lawlessly declared of Mayor Adams’ executive order reopening an ICE office on Rikers Island, as she invented an entirely new “legal” standard to reach her desired conclusion.

That is, the problem was an “impermissible appearance of a conflict of interest” because she believes the mayor was simply out to please President Donald Trump.

An appearance; reality is apparently irrelevant in Rosado’s chambers.

The City Council sued to block the order, accusing Adams of a “corrupt bargain” with the Trump White House, yet failed to produce a shred of actual evidence of any such quid pro quo.

Rosado simply relied on a disgruntled US attorney’s resignation letter and Adams’ jocular joint televised conversation with border czar Tom Homan.

The judge also accused the mayor of ignoring rules for avoiding conflicts of interest and abuse of his office, while refusing to consider claims the Biden White House had waged lawfare on him after he dared to question its policies that sent violent transnational gang members flooding into the city.

Rosado had already sided twice with the council in temporarily blocking the order before Friday’s final decision.

Talk about “junk justice.”

First Deputy Mayor Randy Mastro was point on welcoming ICE back to Rikers; he fumes: “There is no actual conflict of interest, and I acted independently of the mayor. This executive order is about prosecuting violent transnational gangs and ensuring the safety of law-abiding immigrants.”

The city’s appealing; higher state courts certainly should reverse Rosado’s fact-free “fact-finding,” lest they increase the political weaponization of justice in New York.

Indeed, a functional justice system would see Rosado bounced from the bench.



This story originally appeared on NYPost

Nepal’s anti-government protests are a powder keg moment that could change the country for years | World News

0


As we flew into Kathmandu, you could already see from the sky, the fury playing out on the streets below.

Huge plumes of smoke rose over the Nepalese capital. It was the second day of intense protests, and it soon felt like something seismic.

On the ground, it was kinetic and chaotic. We landed just before the army closed the airport. The protesters were minutes away.

On the road, a constant stream of young people sped by on motorbikes, honking their horns as they raced towards parliament.

Some were carrying batons, others guns, some simply using their voices, declaring a “revolution”.

We watched as they set fire to a police station. Many, already angry, were incensed by the deaths of 19 people on Monday – accusing the police of using live ammunition to silence dissent.

The government has so far only acknowledged using rubber bullets and tear gas.

The leadership did lift the restrictions on social media – allowing people to use apps like X, YouTube and Instagram once again.

And soon after, Nepalese Prime Minister KP Sharma Oli resigned. But that wasn’t enough to satisfy the thousands defying the curfew.

Nearly everyone we spoke to shared the same message – this was not about any platform – it was about something far deeper and far more entrenched.

“This protest is not against the social media ban,” one man said as he raced through on a bike.

“This is against the big corruption that these ministers have done for the past few decades.

“We were suppressed. Now we have a voice.”

Throughout the day, you could feel people getting more emboldened. It was less than 24 hours before that we’d seen police firing at protesters – some victims died in their school uniforms.

But on Tuesday, we didn’t see a single officer. The only army we clocked was at the airport. And their absence was no more glaring than at the very centre of politics.

Parliament House, home to lawmakers, was engulfed in flames as we approached. Protesters were rejoicing outside – thousands cheering as the building burned.

It was surreal. The building looked abandoned – overrun by those who want radical change.

“They have given an open challenge to Gen Z,” one man told me, punching his wooden stick into the air as he spoke. “You should not challenge the youth or challenge Gen Z.”

I asked a young woman, Sandeep Bista, 26, if she was worried about more violence, given that 19 people had already died.

“I think to gain something you have to lose something,” she said. “So they’re patriots for us. But today I’m happy. Revolution is coming.”

As the light faded, the mood shifted, people edging closer until they finally stormed inside – large groups clutching phones – seemingly undeterred by the sound of small explosions.

There was smashed glass everywhere, dust obscuring the winding stairs. People climbed up them to try and grab or destroy what little was left – relics to remember the day by.

Some came back with gleeful faces, holding bits of gold furniture and decoration – a symbol of the elite they’ve come to loathe.

Read more from Sky News:
Hard to see how Doha airstrike helps Israeli hostages
Expert examines ‘Trump signature’ in Epstein birthday book

Elsewhere in the city, politicians were attacked, their homes targeted. The young people here feel on the cusp of victory and the right side of history.

When you ask them what justice looks like, they say they want equality – a leadership that addresses their needs.

Quite what that equality looks like seems harder for them to specify. But a wholesale change in leadership appears to be a crucial demand.

The big question is, what next?

We don’t yet know who might take over from the prime minister. The police clearly chose to stay away on Tuesday – no doubt fearful of the reception they’d receive.

But by evening, the Nepali army vowed to “take control of the situation”. From what we saw, calm currently feels pretty elusive.

Hundreds of inmates have escaped prisons, politicians’ home addresses are being shared online, and many young people who feel they have waited far too long already want dramatic change and quickly.

Read more from Cordelia Lynch:
The red pill explosion fuelling a secret detox ritual
At the scene of mosque hit by an Indian missile strike

Follow The World
Follow The World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

It is a powder keg moment that could change the course of the country for many years to come.

Like the recent demonstration in Indonesia and the uprising in Bangladesh just a year ago, this moment in Nepal has shown the fierce political power of young people.



This story originally appeared on Skynews

Supreme Court agrees to hear challenge to some of Trump’s sweeping tariffs : NPR

0


President Trump holds up a chart on April 2 while announcing tariffs against other countries. The Supreme Court will hear arguments in November on the legality of those tariffs.

Chip Somodevilla/Getty Images


hide caption

toggle caption

Chip Somodevilla/Getty Images

The Supreme Court said Tuesday it will review the legality of the sprawling tariffs President Trump imposed in an April executive order, a day the president declared “liberation day.”

Since then the government estimates it has collected nearly a trillion dollars in tariffs from U.S. and foreign businesses that would have to be refunded if the court rules against them, according to Treasury Secretary Scott Bessent. The tariffs, however, have become a flashpoint, with two lower courts declaring them illegal because they bypassed Congress, and the president rushing to the Supreme Court seeking reversal as soon as possible.

“With tariffs, we are a rich nation; without tariffs, we are a poor nation,” wrote Solicitor General D. John Sauer in the government’s briefs seeking Supreme Court review.

Or as President Trump put it, “One year ago the United States was a dead country, and now, because of the trillions of dollars being paid by countries that have so badly abused us, America is Strong, financially viable, and respected country again.”

In defending the legality of the Trump tariffs, Solicitor General Sauer noted that other presidents have imposed similar tariffs, dating back to 1813. The question before the Supreme Court, however, is whether those earlier tariffs were as broad as Trump’s tariffs, and whether they were authorized by Congress.

Just what the tariff percentages are has been a moving work in progress, with Trump often shifting what they will be for each country. But the justification for the tariffs has been two-fold. First, “to stem the flood of fentanyl across U.S. borders.” And second “to rectify America’s country-killing trade deficits.”

The business community, normally supportive of many Trump initiatives, has rebelled, with the main challengers in the case alleging that the tariffs will bankrupt them, rather than save them. In joining the request for intervention from the Supreme Court, the challengers said that the Trump policies have, “for the first time in American history imposed massive tariffs” far exceeding anything enacted by Congress. The result has been to inflict “profound harms” on American businesses, particularly small businesses.

In establishing the tariffs, the challengers contend Trump has vastly exceeded any power delegated to him by Congress under the International Emergency Economic Powers Act. If the tariffs are upheld, the challengers maintain the statute would be expanded to “give the President overnight the power to tax every corner of the economy that is subject to regulation.”

A dozen states have joined the fight against the tariffs. They argued that contrary to Trump’s argument that the tariffs are aimed a preventing illegal fentanyl imports, the IEEPA statute does not authorize such a tenuous connection to commerce.

“Taxing Tomatoes does not deal with fentanyl,” the challengers said in their brief, adding “if that is dealing with the threat of traffickers, then anything is.”

The Trump administration counters that the lower court rulings, if upheld, would “eviscerate a critical tool for addressing emergencies” and “transform judges into foreign-policy referees,” allowing other nations “to hold America’s economy hostage to their retaliatory trade policies.”



This story originally appeared on NPR

How you could target a £15,000 second income by investing just £300 a month

0


Image source: Getty Images

Building a second income from the stock market takes time and discipline, but the rewards can be life-changing. Or at least, retirement-changing. I think it’s entirely realistic to aim for a passive income £15,000 a year, by drip-feeding £300 a month into a spread of shares.

That target equates to £1,250 a month, enough to make a real difference in later life. The usual rule of thumb says to withdraw no more than 4% a year from a portfolio to reduce the risk of running out of money. A pot of around £375,000 is required to generate my £15,000 annual income.

Someone investing £300 a month over 30 years in a basket of FTSE 100 shares that delivers an average total return of 7% a year, would build a pot of £363,862. That’s just shy of the £375,000 mark. Contributing a little extra, investing a lump sum along the way, or beating that 7% return could easily bridge the gap. The real power lies in compounding, with reinvested dividends steadily magnifying long-term returns. It’s how patient investors can build substantial wealth over decades.

FTSE 100 shares

Personally, I’m building a diversified portfolio of FTSE 100 and FTSE 250 shares that blend growth with dividends. I typically hold between 15 to 20 stocks in different industries I believe in.

Oil and gas giant BP (LSE: BP) is one of the most generous dividend payers today, with a trailing yield of 5.7%. On top of that, BP is returning more cash to shareholders through share buybacks, which shrink the number of shares in circulation and increase the value of those that remain. Over the last year, the stock has climbed just 3%, but it’s shown encouraging signs of recovery lately, jumping 15% in the last three months.

BP has a big dividend

At first glance, BP’s price-to-earnings ratio of 238 looks astronomical. That’s because earnings per share collapsed by 97% in 2024, from $5.27 to just $0.14 per share, as oil prices fell. And that’s something the board has zero control over. BP can reward investors handsomely during strong commodity markets, but it suffers when prices retreat.

There’s also a longer-term challenge. Talk of an oil glut is gathering pace, which would weigh on the share price, and the global transition towards renewables remains a serious threat. BP recently decided to row back on its green energy plans, doubling down on oil and gas. That leaves the business exposed to future policy and demand shifts. I still think long-term investors might consider buying, but it won’t be the right fit for everyone.

Invest with discipline

The lesson here is not to rely on a single stock, however tempting the dividend may look. Holding a range of businesses in different sectors spreads the risk and ensures no single industry dominates. Reinvesting income, drip-feeding contributions through good times and bad, and staying disciplined during bouts of market volatility are what count.

Investing £300 a month for three decades is no small commitment. Yet, over time, it could build a portfolio capable of delivering a handy second income, thanks to the miracle of compound returns.



This story originally appeared on Motley Fool

Tylenol maker’s stock lost billions after a rumor linking the medicine to autism. Wall Street says buy the dip as one bank sees a ‘major overreaction’

0

This week, Kenvue, the consumer health spin-off from Johnson & Johnson, found itself at the epicenter of a market tempest this week. It began when The Wall Street Journal reported Robert F. Kennedy Jr., a longtime promoter of scientifically baseless causes for autism, planned to link Tylenol use during pregnancy to the condition. A stock rout ensued, since Kennedy is secretary of the U.S. Department of Health & Human Services and leads the “Make America Healthy Again” movement, or MAHA. An intraday slump neared 15% at one point after the Journal‘s report before retreating, but roughly 9% has still been wiped off Kenvue’s market cap.

A chorus of Wall Street analysts beg to differ, reaffirming Kenvue’s fundamental resilience and seeing this as an opportunity to buy the dip. In notes distributed to clients Monday morning, firms such as BofA Securities and Canaccord Genuity encouraged investors to view the sell-off as a buying opportunity rather than confirmation of a deep and lasting threat to Kenvue’s business.

No proof, even a mixed MAHA reaction

Canaccord analysts wrote the bank believes the legal risk is minimal given that a mass tort lawsuit on similar claims “was essentially shut down” in December 2023. The bank also noted a statement from HHS that any claims about Kennedy’s report were speculation. Calling the market sell-off a “major overreaction,” it added that it sees “no reputable study [that] has linked acetaminophen use to increased risk of [autism spectrum disorder].” The headline risk, if any, is losing a small segment of consumers rather than a multibillion-dollar verdict.

Canaccord also monitored public sentiment by reading comments across multiple social media formats, including those more likely to support Kennedy’s MAHA movement. Mainstream channels finds no acceptance of these claims, while even “more fringe” sources produce “mixed sentiment” with indicating there is still no proof, and others vocal about other seeming conspiracy theories, such as that vaccines cause autism—also unproven, the bank notes.

Analysts at BNP Paribas said Friday proving a link to autism remains unlikely given prior rulings that Tylenol is safe, including the FDA saying it hasn’t found clear evidence tying acetaminophen to developmental risks, and the American College of Obstetricians and Gynecologists making a similar recommendation. The FDA does advise pregnant women to check with their doctors about using it, though.

No smoking gun

Despite ongoing lawsuits, federal judges have so far found the scientific evidence linking acetaminophen use in pregnancy to autism or ADHD to be inconclusive, leading to the dismissal of several high-profile cases.

Kenvue itself has forcefully denied any wrongdoing and highlighted the regulatory consensus. In a statement to the BBC, the company said, “We have continuously evaluated the science and continue to believe there is no causal link between acetaminophen use during pregnancy and autism.” Still, the uncertainty isn’t lost on Wall Street. Several notes flagged the potential for elevated legal expenses and PR costs if the controversy drags out.

For those watching closely, the reaction across Wall Street offers an important lesson in how medical controversies play out in public markets. While headline risk may rattle stocks, nuanced assessment from analysts can quickly restore perspective and, in some cases, spark recovery. As it stands, Kenvue’s Tylenol saga appears to be more noise than signal—at least for now, according to those paid to know.

For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. 

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



This story originally appeared on Fortune

Windows 10 to Windows 11 migration guide – Computerworld

0



Q: Can my hardware run Windows 11?
A: While many Windows 10 computers can run Windows 11, not all can: The Windows 11 requirements include specific hardware that supports Microsoft’s aim to enhance security. The new system requirements include a recent processor, TPM 2.0, UEFI Secure Boot, and a minimum of 4GB of RAM. 

While technically Windows 11 can be installed on incompatible devices and unsupported hardware, functionality is not guaranteed. If your device is not compatible, the safest route is to replace it with a new PC with the updated operating system already installed, or to upgrade individual hardware components as needed.

Q: What will it cost to upgrade to Windows 11? How can I determine if I qualify for a free upgrade?
A: Windows 11 is free to install on supported devices that meet the system requirements. Most Windows PC users eligible for direct upgrades to the new operating system have already received notifications; but you can check for eligibility by navigating to Settings > Update & security, then selecting Windows Update and Check for updates. You can also use Microsoft’s PC Health Check app.



This story originally appeared on Computerworld

Microsoft reportedly plans to start using Anthropic models to power some of Office 365’s Copilot features

0


Microsoft reportedly plans to begin using Anthropic’s latest Claude models to power some of the Copilot features in its Office 365 apps. In a report published Tuesday, The Information said the tech giant would announce the change “in the coming weeks.” Microsoft currently relies on OpenAI’s tech to power the majority of AI features found inside of Word, Excel, Outlook and PowerPoint.

As an outsider looking in, Microsoft’s embrace of Anthropic’s models would appear to signal a deepening split between the company and OpenAI. Microsoft is the AI lab’s largest investor, and was integral to Sam Altman’s rehiring as CEO following his brief ouster in 2023. However, in recent months reports of a growing impasse between the two in negotiations over OpenAI’s plan to restructure its for-profit division as a public benefit corporation have bubbled up.

For its part, Microsoft denied the move is motivated by animosity. “As we’ve said, OpenAI will continue to be our partner on frontier models and we remain committed to our long-term partnership,” a company spokesperson told The Information.

Still, the decision likely comes as unwelcome news for OpenAI. The Information reports Microsoft is at least partly motivated by the fact it believes Claude 4 Sonnet “performs better in subtle but important ways” than GPT-5. For example, The Information’s source said Anthropic’s model tends to generate “more aesthetically pleasing” PowerPoint presentations. Notably, that’s coming from an older model, and one that isn’t even Anthropic’s flagship offering.

Anthropic did not immediately respond to Engadget’s comment request. According to The Information, Microsoft does not plan to charge more for access to Anthropic models in Office 365, with Copilot pricing set to remain at $30 per user per month. That’s notable because the company will pay Amazon to access Claude Sonnet 4 through AWS, Anthropic’s primary cloud provider. As part of its investment in OpenAI, Microsoft can access the company’s models at no additional cost.



This story originally appeared on Engadget

About Her 2 Daughters With John Krasinski – Hollywood Life

0





View gallery




Image Credit: Grgo Jelavic/PIXSELL / SplashNews.com

Emily Blunt clearly has it all. The Devil Wears Prada star is a celebrated actress, having made her name in films including Oppenheimer, A Quiet Place, and Girl On The Train, among others. She’s built a legacy in the Disney universe as well, starring in Mary Poppins Returns and Jungle Cruise.

Behind the scenes, she’s married to fellow actor John Krasinski, whom she wed in 2010 in a private ceremony at pal George Clooney‘s Lake Como estate. Four years later, the famous couple became parents with the birth of their first child in 2014; and in another two years, they welcomed their second child.

In July of 2023, amid the release of the highly acclaimed biopic Oppenheimer, Emily announced she’d be temporarily stepping back from her craft and taking a break to spend more time with her beloved husband and daughters. “I just feel there are cornerstones to their day that are so important when they’re little,” Emily said during an appearance on iHeart’s Table For Two with Bruce Bozzi podcast. “And it’s, ‘Will you wake me up? Will you take me to school? Will you pick me up? Will you put me to bed?’ And I just need to be there for all of them for a good stretch. And I just felt that in my bones.”

Here’s what to know about Emily Blunt’s two adorable daughters, Hazel and Violet.

Hazel Krasinski

Emily Blunt, Violet and Hazel Krasinki
Grgo Jelavic/PIXSELL / SplashNews.com

The impending arrival of Emily and John’s first daughter, Hazel, was first announced in Sept. of 2013. The couple welcomed their little one, now 9 years old, on February 16, 2014. “Emily and I are so incredibly happy to welcome our daughter Hazel into the world today! Happy bday!” John wrote via Twitter at the time.

Though the couple have kept their lives with their daughters extraordinarily private, we do know that Emily found her newborn baby to be perfectly adorable. “She’s just stinkin’ cute!” Emily gushed during a May 2014 appearance on The Ellen DeGeneres Show. “She’s so cute. She came out, like, ready for a photo shoot. She was just perfect.”

Emily also opened up about how they chose their daughters uniquely antiquated first name.  “I find it really stressful naming a human being,” Emily laughed at the time. “So we went through a few different ones and John found it. We both really like old lady names, so….”

Violet Krasinski

John and Emily’s younger daughter, Violet, was born in June of 2016. She’s now six years old. After quietly welcoming the little one, John again took to Twitter to share the happy news. “What better way to celebrate the 4th… than to announce our 4th family member!!! 2 weeks ago we met our beautiful daughter Violet #Happy4th,” he wrote.

In a in 2020 interview on Jimmy Kimmel Live! the actress revealed that Violet may have a penchant for acting — and accents. “My little one sent me a video — well she didn’t actually send it but someone sent it — of her singing ‘Jingle Bells,’ and she goes, ‘Jingle ol’ da waye!’ Almost like a Cockney,” she said. “It was almost like Dick Van Dyke singing ‘Jingle Bells.’ The craziest accent ever — it was kind of brilliant.”




This story originally appeared on Hollywoodlife

Perfect autumn escape is 21C in September and just 2 hours from UK | Travel News | Travel

0


The weather in the UK might be cooling down, but it’s not too late for a little sun and sea. If you want to extend your summer and enjoy a little bit of sunshine in September, there’s one place that’s perfect.

This charming city is just two and half hours from  London, and boasts an average temperature of 21C this month – as well as some of the best beaches around and the warmest seas too. Located on the eastern shore of the Adriatic Sea, Split is the largest city in the Dalmatia region and the second largest city in Croatia. It’s popular with tourists in the high season but as autumn creeps in, crowds often head home meaning you’ll have more space to yourself. 

Staying in Split means you don’t have to venture far to enjoy stunning beaches. One of the city’s most popular, Bacvice is in the heart of the city and is big enough to fit more than ten thousand people. 

If you fancy a swim, it’ll be a relaxing dip because water temperatures in Split in September hover around an average of 23C – perfect for a luxurious swim without getting out shivering.

Split has a rich history, and reputation for being beautiful that goes all the way back  1,700 years. The Roman Emperor Diocletian loved the city so much he wanted to build his summer residence “on the other side of the Adriatic.”

Now, visitors can explore Diocletian’s Palace which was indeed used as the emperor’s retirement home. Visitors may also recognise it as a filming location for the fourth season of Game of Thrones. 

The palace is not just a museum or exhibition though – it is the city itself.

The palace has around 220 buildings and is home to 3000 people. Its narrow streets hide passageways. courtyards, cafes and bars. It can be easy to forget that you are walking within history.



This story originally appeared on Express.co.uk