The Department of Transportation is fining American Airlines $4.1 million for tarmac delays, the largest ever fine of its kind against an airline.
The big picture: Between 2018 and 2021, American Airlines kept 43 domestic flights stuck on the ground for at least three hours, without giving passengers a chance to exit the plane. As summer comes to an end , we take a look at airline travel.
Federal Reserve chair Jerome Powell said at the Jackson Hole Economic Symposium in Wyoming on Friday that inflation remains too high. He added that the central bank is prepared to raise interest rates further in the coming months.
The big picture: Mortgage rates are already at a two-decade high and this year has had a record number of media layoffs. Why does this strong economy feel so weak in some areas?
