Tag Archives: Meltdown

Kings blow 22-point 4th-quarter lead in meltdown vs. Suns Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Source link

Southwest Airlines (LUV) reported a loss for the fourth quarter, as the company took an $800 million pretax hit to earnings due to the computer system failure that led to the airline’s holiday travel meltdown. For the quarter, Southwest reported: “Due to the operational disruptions in late December, which resulted in more than 16,700 flight cancellations, we incurred a fourth quarter pre-tax negative impact of approximately $800 million (or approximately $620 million on an after-tax basis),… Source link

Keith Martin, 31, and his Bored Ape NFTPhil Rosen/Insider Keith Martin bought a Bored Ape NFT in May 2021 for around $1,700 — just as digital assets began to boom. It’s now worth almost 100 times that and he told Insider at the NFT.NYC conference he won’t sell any time soon. To Martin, the crypto bear market is not a concern, and he even quit his job to get into Web3. When Keith Martin bought his first Bored Ape Yacht Club non-fungible token in May last year, he paid less than $500 and seemed… Source link

(Bloomberg) — Calling the bottom in the tech-sector meltdown isn’t easy, even after a $5.5 trillion wipe-out, yet there are some signals giving investors hope. Most Read from Bloomberg Tech stocks have been hammered this year as rising interest rates, slowing economic growth and soaring inflation form a perfect storm of negative catalysts. That’s hurt everyone from retail investors who loaded up on Cathie Wood’s Ark Investment exchange-traded funds last year to deep-pocketed asset… Source link

Subscribe to You Pod to Win the Game The first week of the 2022 NFL free agency period continues its descent into the twilight zone. A week feels like a month. A month feels like a year. It’s been the weirdest league year ever and it’s only been in existence for 50something hours. Charles Robinson is joined by Josh Norris of Underdog Fantasy to recap the latest wild stories from this week, starting off with the apparent irreconcilable differences between Baker Mayfield and the Cleveland… Source link

A day after Boston Beer shares were drilled again amid a second straight earnings warning at the hands of a slowdown in the hard seltzer market, most analysts are staying cautious on the stock at least until 2022.  “Even if the news is an immediate negative, we think management is attempting to be more transparent about what it is seeing after getting significant pushback from investors last quarter. Ultimately, it should help the stock to stabilize and find its bottom, but we don’t expect… Source link

A new study argues that skyrocketing college costs are a result of university leadership not prioritizing college affordability over profit. The report by the American Council of Trustees and Alumni (ACTA), which looked at data from more than 1,500 four-year public and private, nonprofit colleges and universities, found that even though institutional spending has risen over the years alongside tuition, four-year graduation rates have not kept up. “The spending habits of higher education have… Source link

(Bloomberg) — Bitcoin and other digital coins steadied Friday after posting some of the biggest declines since the onset of the pandemic, a selloff that stoked fresh questions about this year’s boom in cryptocurrencies. Bitcoin climbed above $17,400, following a slide of as much as 14% to $16,227 on Thursday. Fears over tighter crypto regulations and profit-taking after a frenetic rally were among the reasons cited for the tumble. “After big rallies in shares and various other assets,… Source link