American Airlines Offers Pilots 17% In Contract Negotiations
American Airlines is offering its pilots pay raises of about 17% under a new contract, according to CEO Robert Isom. The proposal to the pilots’ union, the Allied Pilots Association,…
BlockFi Sells For Pennies On The Dollar
BlockFi is being picked up for pennies on the dollar by FTX in a firesale set off by the crypto-winter Three sources said the papers are expected to be signed…
Enjoy Technology Inc. Files For Chapter 11
A retail startup founded by a former Apple Executive, filed for bankruptcy less than a year after going public through a merger with a blank-check company. Enjoy Technology Inc., founded…
FDA Calls For Fall Boosters To Target BA.4/BA.5 Covid Strains
The US FDA has requested that COVID-19 vaccine manufacturers custom tailor their fall booster vaccines for the BA.4/BA.5 coronavirus strain, the agency announced Thursday. The decision was made swiftly to…
Delta Settles With DOJ For Falsifying Mail Tracking For $10.5M
Delta Airlines has settled allegations it falsified data on international mail it was contracted to deliver, including mail sent to soldiers overseas. Under the settlement with the United States Department…
Stocks Drop To Cement Worst First Half In 52 Years
US stocks continued their decline on Thursday, filling out the month of June with impressive losses, to further pad the losses of the second quarter and first half of 2022.…
As Bitcoin Struggles At $20K, Saylor Buys $10 Million
Bitcoin wavered around $20,000, dropping as low as$19,939 again Wednesday. The day continued a painful two months, that have seen the total market cap of the Crypto space drop 47%,…
US Economic Contraction Greater Than Reported In Q1
The US economy contracted more than was reported in the first quarter. The Bureau of Economic Analysis released its final estimate on US first quarter GDP and it showed a…
Credit Suisse Convicted Of Money Laundering
Credit Suisse was convicted by the Federal Criminal Court on Switzerland of failing to prevent a Bulgarian cocaine trafficking organization from laundering money through its account. This was the first…
Biden Administration Mulls Further Strategic Petroleum Reserve Release
The Biden administration is examining releasing even more oil from the Strategic Petroleum Reserve. The administration already committed to release one million barrels of crude per day into the commercial…
