Blizzard cripples East Coast airports, canceling thousands of flights
CNBC
American, Delta, JetBlue, United and others waived change and cancellation fees ahead of another massive winter storm.
A powerful blizzard ground air travel to a near halt at major airports serving New York City, Boston, Philadelphia and other areas of the eastern U.S. on Monday. Disruptions are set to last through at least Tuesday, again testing carriers on how quickly they can recover at the tail-end of winter break.
Much of the East Coast from Maryland to Maine was under a blizzard warning, with heavy snow already totaling nearly two feet in parts of New Jersey and on Long Island, New York. High wind gusts are expected to last throughout the day, the National Weather Service said. The NWS warned that travel will be treacherous, with blowing snow causing low visibility.
More than 4,800 U.S. departures Monday, or close to 20% of the total scheduled U.S. departures, were canceled, as of 9:40 a.m. ET, according to aviation-data firm Cirium. Daily cancellations usually run around 1% of the day's schedule. Nearly a quarter of the inbound international flights were also canceled.
Paramount CEO David Ellison has said he wants to make 30 movies a year and has franchises like Godzilla-Kong, Superman and Sonic the Hedgehog to lean on.
The NFL is discussing getting rid of its 2029-30 opt-out clause in exchange for an increase on TV rights that could push CBS to pay more than $3 billion a year.
Discussions between Starbucks and the union representing about 6% of its company-owned U.S. stores hit a wall last year.
Blackstone appears to be rebalancing its real estate investment trust portfolio, selling off legacy holdings.
MacKenzie Scott and many of America's richest are absent from the latest Philanthropy 50 ranking.
Experts say the global turmoil may have even helped demand for rare collectibles, as the wealthy search for safe, long-term stores of value.
Some airlines are already raising fares after a historic surge in jet-fuel costs.
The Iran conflict is disrupting fertilizer shipments through the Strait of Hormuz, raising supply concerns and potentially increasing global food inflation.
JPMorgan's move shows that the biggest U.S. bank by assets wants to get ahead of potential turbulence involving private credit loans to software companies.
Ford CEO Jim Farley last month said diversifying Pro's revenue — specifically in software — is a crucial growth area for the company.
Home sales made a small gain to start the year, but higher mortgage rates now could throw cold water on the spring season.
The move comes months after the Trump administration touted leucovorin as a potential therapy for a broader group of patients with autism symptoms.
Lego on Tuesday reported a 12% jump in revenue for fiscal year 2025 and reported consumer sales that far outpace the broader toy industry.