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Southwest Cancellations Continue
Backlash regarding Southwest Airlines (NYSE: LUV) operational delay continues as more cancellations take place. Senior officials are pushing for action as the carrier issued more apologies for the crisis....
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Metaverse Struggles Amid Sales Decline of VR Headsets
Meta (NASDAQ: META) CEO Mark Zuckerberg, who has spent billions of dollars developing the metaverse, was notified that its bet has yet pay dividends for the struggling tech company....
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Crypto Exchange Kraken to End Japan Operations
Kraken, a digital currency exchange, is set to close down its operations in Japan next month as the crypto industry continues to crumble. The company’s users have until the...
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Nio Slashes Q4 Delivery Guidance Amid Covid Disruptions
Nio Inc. (NYSE: NIO) lowered its fourth-quarter outlook for deliveries on Tuesday amid continuous supply chain disruptions stemming from Covid outbreaks. The Chinese electric vehicle maker’s stock fell following...
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Southwest Mass Flight Cancellation Incites Scrutiny from Transportation Department
Southwest Airlines (NYSE: LUV) canceled an additional 2,500 flights Tuesday and warned that mass disruptions will continue within the coming week, raising concerns from the Transportation Department as other...
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Meta to Settle Cambridge Analytica Case for $725 Million
Facebook’s parent company, Meta (NASDAQ: META), has agreed to pay USD725 Million to settle an ongoing class action lawsuit that accused it of allowing third parties, such as Cambridge...
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Head of United Airlines Pilot Union Steps Down Amid Controversial Comments
The recently elected head of United Airlines (NASDAQ: UAL) pilots’ union, Neil Swindells, has decided to step down following the backlash related to some of his online posts. Swindells...
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Micron to Layoff 10% of Employees and Suspends Bonuses
Micron (NASDAQ: MU), a semiconductor maker, reported disappointing first-quarter earnings Wednesday and simultaneously announced it would be cutting 10% of its workforce. The company’s shares fell over 1% in...
