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Nov 02 2024BUSINESS

Nvidia Takes Intel's Spot in Dow Jones Industrial Average

In a surprising shake-up, Nvidia is replacing Intel in the Dow Jones Industrial Average. This change marks the end of Intel's 25-year run in the index. Intel, once the leader in chipmaking, has faced stiff competition and missed out on big opportunities like generative AI. Its shares have dropped 54

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Nov 02 2024BUSINESS

Cathay's Fresh Business Class for A330neo: A Look Ahead

Cathay Pacific is revamping its business class experience for the upcoming Airbus A330neo, due to arrive in 2028. They're considering a new seat design, but it might be similar to the flatbeds on their upgraded A330s. The focus is on creating a consistent experience for passengers. The A330neo is a

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Nov 01 2024BUSINESS

Exxon's Q3 Surprise: Big Production, Lower Profits

Exxon Mobil just had a quarter to remember, but not everything is rosy. The oil giant hit a production high not seen in over four decades, pumping out 3. 2 million barrels of liquids daily. However, profits took a dip, falling about 5% compared to the same time last year. Why? Blame it on refining m

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Nov 01 2024BUSINESS

Job Numbers Mix-up: Strikes, Storms, and What's Really Going On

October's job numbers release before the election is raising some eyebrows. We've seen striking aerospace machinists and hotel workers, like 41, 400 new striking workers mostly from Boeing, and voice actors in the video game industry. Boeing's hit hard, planning to cut 17, 000 jobs, or 10% of their

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Nov 01 2024BUSINESS

Job Growth Slows in October: What's the Story?

October saw the slowest job growth since late 2020, with only 12, 000 new jobs created. That's a big drop from September and way below what experts were expecting. The unemployment rate stayed the same at 4. 1%, but a broader measure that includes people who want jobs but aren't actively looking als

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Nov 01 2024BUSINESS

New Business Class Boost: Cathay’s Latest 777 Update

Imagine sinking into a cozy, private suite on your next flight. That's just what Cathay Pacific is offering with their revamped Boeing 777 business class, known as Aria Suites. After six years of work, including a pandemic pause, these suites are finally taking flight. By the end of 2027, all 30 pla

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Nov 01 2024BUSINESS

UK Adds Steep ‘Business Class Tax’ for Long-Haul Flights

Travelers from Australia to the UK will soon face a higher ‘flight tax’ when leaving, especially if they're in business or first class. The UK's Air Passenger Duty (APD), a tax that started small in 1994, has been going up. The latest boost, announced by the new Labour government, hits premium seats

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Nov 01 2024BUSINESS

Small Businesses: Winners No Matter Who Wins the Election?

Both Democrats and Republicans are courting small business owners ahead of the election. With a high trust rating and employing nearly half of the private sector workforce, small businesses are a significant player. However, owners are uncertain about the election's impact. Small business confidenc

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Nov 01 2024BUSINESS

Inflation, Tariffs, and Small Businesses: A Look at the Impact

Small-business owners aren't thrilled about the idea of more tariffs. With former President Donald Trump hinting at higher tariffs if he returns to office, businesses like Virginia Beer Co. are worried about increased costs. Chris Smith, the co-founder, saw a 5. 5% surcharge on a supplier's bill aft

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Nov 01 2024BUSINESS

Wendy's: Shutting Down Old Stores, Opening New Ones

Wendy's is planning to close 140 of its restaurants in the next few months. But don't worry, they're not disappearing—the fast food chain is opening an equal number of new locations. The restaurants being shut down are old and in areas that aren't doing well financially, according to Wendy's CEO, Ki

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