JFK Airport Struggles in the Wake of Winter Storm Grayson
Julian Kheel, Senior Writer at "The Points Guy," discusses the severe delays caused by "bomb cyclone" Grayson. Because of the JFK's infrastructure, it struggled to keep up with its flight schedule.
Kheel notes that one of the biggest issues at the international airport was the fact that all 6 of its terminals operate independently. When flights are backed up, planes can only go to their designated gate. He digs into the dysfunction of the New York Port Authority and how it could have prevented the mass delays caused after the storm.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
