A Federal Aviation Administration computer system outage temporarily grounded all domestic flight departures Wednesday, impacting travel for some 10,000 flights.
Flights cancellations and delays have become rather common this winter, but suffering from flight troubles doesn't need to mean you'll get left out in the cold.
The big picture: Multiple airlines have a number of policies for refunds, reimbursements and rescheduling that can help people who find themselves waiting hours, if not days, for their flights.
Barry Silbert's Digital Currency Group and Tyler and Cameron Winklevoss' Gemini crypto exchange are waging war in an escalation of old debts come due.
Driving the news: Cameron Winklevoss says Silbert, chief of Digital Currency Group (DCG), should be removed from his seat at the head of the table, per his second open letter published on Twitter Tuesday.
NBC News' longtime president Noah Oppenheim is taking on a new role within NBCUniversal amid a broader structural reorganization at NBC News put in place by NBCUniversal News Group Chairman Cesar Conde.
The big picture: The moves are part of a larger restructuring process at NBC News, following reorganizations at its sister networks, MSNBC and CNBC.
Consumer Price Index data for December, set for release tomorrow, should mark more progress in the nation's battle against inflation — if economists' estimates are right.
The overall index is expected to show that prices dropped slightly by 0.1% last month. Stripping out food and fuel, prices are expected to climb a mild 0.3%.
Why it matters: Overall prices last fell in July, offering brief hope that inflation had turned a corner. That optimism was quickly dashed by hot readings in the ensuing months.
Since the modern era of fiscal standoffs began in 2011, the best advice you could give an investor, or anyone making major financial decisions, would be to ignore it.
If you just assumed that Washington drama over the debt ceiling and government shutdowns would work out eventually, and that the impact would be short-lived, you would have been right — in the past. But there are warning signs this time could be different.
Why it matters: A self-inflicted fiscal crisis could come at a terrible time amid a fragile U.S. economy, and undermine a Treasury market that underpins the world financial system.
FTX was given the go-ahead to loosen its purse strings to pay for business expenses amid its own bankruptcy proceedings — the overall cost of which promises to sap the creditors' pot.
Driving the news: The court on Monday granted FTX's request to pay the folks that they employ in what they call "ordinary course of business" — for FTX that means an army of lawyers — as well as any outstanding sums owed to service providers.
The Federal Trade Commission is facing fierce opposition to its proposed ban on employee noncompete agreements. But if FTC chair Lina Khan can jump those hurdles, it would have significant consequences for mergers and acquisitions.
What to know: The FTC laid out its new plan in a whopping 216-page document, arguing that a tool created to retain top talent has evolved into an abusive mechanism that covers around one in five American workers, including some that earn minimum wage.
Driving the news: "We always knew this book would fly but it is exceeding even our most bullish expectations," said Larry Finlay, Transworld Penguin Random House's managing director, in a statement, per Reuters.
Treasury bill yields have risen so far, so fast, that they are now far above the yields that most Americans are getting on their savings or money market accounts. Public, an online brokerage, has decided to take advantage of that fact by offering a new account just for T-bills.
Why it matters: The new account is being marketed as a higher-yielding alternative to interest-bearing bank accounts. So long as the Fed keeps interest rates relatively high, parking your money in T-bills looks very attractive.
Costs for Americans to finance their purchases on credit cards just touched the highest level on record, according to government data stretching back to the early 1970s.
Why it matters: With prices rising, Americans have been putting more on credit cards, and they're paying out the nose for the privilege.
Policymakers and economists are finding that when it comes to fighting rising prices, it takes a village. The Federal Reserve's interest rate hikes aren't the only game in town.
Why it matters: The latest inflation numbers are due out Thursday, and analysts believe they'll show that the rate of price growth slowed further in December — but the story of how the economy got to this point isn't just about Fed chair Jerome Powell. It's as complicated as inflation itself.
Blake Hounshell — an influential online national-security voice who was a top editor at Foreign Policy and Politico before joining the New York Times to write the "On Politics" newsletter — died yesterday at 44.
His family said he died "after a long and courageous battle with depression," leaving a wife, Sandy, and two children.
Instead of hiring human interns, Codeword — a tech-marketing agency within WE Communications — is leaning on artificial intelligence technology to complete menial yet necessary tasks.
Why it matters: As the economy tightens, more industries are beginning to capitalize on tools like ChatGPT and AI image generators like Dall-E 2 in place of living, breathing talent.
Experts are increasingly warning of a connection between heavy social media use and mental health issues in children — a hot topic now driving major lawsuits against tech giants.
Why it matters: Seattle Public Schools' recently filed lawsuit against TikTok, Meta, Snap and others — which accuses the social media giants of contributing to a youth mental health crisis — is one of hundreds of similar cases.
Ukraine's President Volodymyr Zelensky declared in a pre-recorded video message at the Golden Globes on Tuesday night that while the war against Russia's invading military "is not over" yet, "the tide is turning."
Driving the news:"The First World War claimed millions of lives," said Zelensky, who was introduced by actor Sean Penn during the telecast. "The Second World War claimed tens of millions of them. There will be no Third World War. It is not a trilogy: Ukraine will stop the Russian aggression on our land."
Why it matters: The impact of the scandals plaguing the Hollywood Foreign Press Association over the past two years will be tested by whether viewers and audiences tune in and engage with the program.
Stephanie McMahon has resigned as co-CEO and chairman of the board of WWE, the company announced Tuesday.
Why it matters: McMahon's resignation comes days after her father Vince McMahon announced he was appointing himself back to WWE's board to lead a potential sale process.
Moderna is considering charging $110 to $130 per dose of its COVID-19 vaccine in the U.S. after its contract with the government expires, Moderna CEO Stéphane Bancel told the Wall Street Journal.
The big picture: A wavering demand for the shots paired with private market pressures are expected to cost manufacturers billions once the federal government stops buying the doses and sales shift to commercial distribution.
