US airlines see record holiday travel even as airfares climb

US airlines see record holiday travel even as airfares climb

A daily average of 2.9 million passengers will travel between Dec 19 and Jan 5, up 1.5% from a year earlier [NEW YORK] US airlines expect to ferry a record number of passengers over the holidays, after a year in which economic uncertainty and a government shutdown have whipsawed travel demand. A daily average of…

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Wall Street opens lower as yields rise after GDP data

Wall Street opens lower as yields rise after GDP data

[NEW YORK] US stock indexes opened lower on Tuesday (Dec 23) after stronger-than-expected economic data drove Treasury yields higher, weighing on heavyweight technology stocks. At 09.30 am ET, the Dow Jones Industrial Average fell 62.81 points, or 0.13 per cent, to 48,299.87. The S&P 500 lost 4.69 points, or 0.07 per cent, to 6,873.80, while…

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Chip turmoil will worsen on Nexperia spat: Wingtech chair warns

Chip turmoil will worsen on Nexperia spat: Wingtech chair warns

Ruby Yang adds that as the dispute continues, the damage to global industrial chain, investment confidence and shareholders deepens [BEIJING/FRANKFURT] Wingtech Technology chairwoman Ruby Yang warned that global chip supplies remain at risk, unless the Chinese company’s control over Dutch chipmaker Nexperia is restored. In an interview, Yang, who took over as chair of the…

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Lizzie Avery Dies: Long-Serving NBCUniversal TV Sales Exec Was 54

Lizzie Avery Dies: Long-Serving NBCUniversal TV Sales Exec Was 54

Lizzie Avery, the long-serving NBCUniversal (NBCU) international TV sales exec, has died aged 54. The well-respected and much-liked Avery passed away unexpectedly earlier this month, her family said. She had spent nearly 24 years with Comcast-owned NBCU, rising from a sales administration manager role to eventually become SVP & EMEA Lead Sales Liaison for TV…

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