Category Archives: Blog

Heathrow Airport, a crucial global travel hub, asks airlines to stop selling tickets and caps passenger numbers amid travel chaos

Heathrow Airport said it’s asking airlines to stop selling summer tickets. Carl Court/Getty Images Major UK airport Heathrow has asked airlines to stop selling summer tickets as travel disruption continues. Heathrow CEO said there is now a cap of 100,000 passengers flying per day from the airport. Passengers at Heathrow told Insider on Monday about…

Bill Ackman says he’ll return $4 billion to PSTH investors after failing to close a SPAC deal — and trumpets his next-generation SPARC

Bill Ackman. Reuters Bill Ackman’s Pershing Square Tontine Holdings (PSTH) raised $4 billion in 2020 to finance a merger. The investor’s SPAC plans to return the money after failing to close a deal within two years. Ackman blamed the market rebound, skepticism towards SPACs, and legal and regulatory challenges. Bill Ackman had high hopes for…

Oil tumbles towards $100, as renewed COVID-19 lockdowns in China and recession fears depress demand outlook

Oil prices are getting thrashed against a backdrop of demand and supply-side pressures. (Photo by Janos Kummer/Getty Images) Oil prices skirted $100 a barrel on Tuesday, as investors fretted about the outlook for demand. Fresh COVID-19 lockdowns in China and recession fears are threatening to hurt consumption. Oil is getting battered by both demand and…

The Uber whistleblower who leaked 124,000 files is an ex-top lobbyist. He says he was ‘drunk on the Kool-Aid’ of the company.

New York taxi drivers rally against Uber in 2015. Spencer Platt/Getty Images An Uber whistleblower leaked over 124,000 company documents to the media. The whistleblower has named himself as former Uber top lobbyist Mark MacGann. Uber says MacGann’s leak comes after it paid him a $550,000 settlement. MacGann disputes this. The whistleblower behind a leak…

Weekly travel insurance rates: July 12 | Premiums are still inching up

We’re well into the summer travel season, and the cost of travel insurance continues to creep up. The current average cost to insure a trip is $267.62, up from $264.10 last week, according to travel insurance agency SquareMouth. The exact amount you’ll pay for travel insurance depends on several factors, including your destination, how many…

Cassidy Hutchinson’s testimony jolted the DoJ into focusing on Trump in its Jan 6 investigation: New York Times

Cassidy Hutchinson, a former White House aide, at a hearing of the January 6 committee on June 28, 2022. Jacquelyn Martin/AP Photo The Jan. 6 hearings prompted the DOJ to focus on Donald Trump, per The New York times.  Officials were struck by testimony from Cassidy Hutchinson and changed tack, the report said.  She said…