Business

Air travelers should expect worsening cancellations and delays this week even if the government shutdown ends, as the Federal Aviation Administration moves ahead with deeper cuts to flights at 40 major U.S. airports, officials said Monday. Day four of the flight restrictions saw airlines scrap over 2,100 flights Monday after cancelling 5,500 from Friday to Sunday. Some air traffic controllers — unpaid for more than a…

CoreWeave needed a lot of things to go right on Monday as it released third-quarter financial results, and one of the most critical was showing that its contracted future revenues could hit a $50 billion target Wall Street had set as a benchmark for the AI data-center and infrastructure operator.  In its announcement, CoreWeave confirmed it nearly doubled its revenue…

OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s data centers in the U.S. OpenAI will be able to power its AI tools using “hundreds of thousands” of Nvidia’s specialized AI chips through Amazon Web Services as part of the deal announced Monday. Amazon shares increased 4%…

Palantir delivered blockbuster quarterly earnings on Monday that topped analyst estimates and sent CEO Alex Karp’s trademark ebullience into overdrive, even if the company’s stock didn’t follow along for the ride.  In a video interview a few hours ahead of Palantir’s earnings, Karp flailed his arms excitedly around as he spoke about the defense tech and AI software company’s results.…

A shortage of air traffic controllers caused more flight disruptions Monday around the country as controllers braced for their first full missing paycheck during the federal government shutdown. The Federal Aviation Administration reported staffing-related delays on Monday afternoon averaging about 20 minutes at the airport in Dallas and about 40 minutes at both Newark Liberty International Airport and Austin-Bergstrom International Airport. The delays in…

More than half of the grades handed out at Harvard College are A’s, an increase from decades past even as school officials have sounded the alarm for years about rampant grade inflation.  About 60% of the grades handed out in classes for the university’s undergraduate program are A’s, up from 40% a decade ago and less than a quarter 20…

The number of people who may think a banana costs $10 has exploded in the last few decades. The US has 902 billionaires this year, up from 66 in 1990, when the economy was less than half of its current size and $410 million was equivalent to $1 billion in today’s dollars. US billionaires are collectively worth about $7.6 trillion, according to…

Investor Cathie Wood, a long-time Tesla bull known for first investing in the company a decade ago at $13 per share, condemned the growing resistance to Tesla CEO Elon Musk’s potential $1 trillion pay package. Over the weekend, the ARK Invest CEO suggested the financial system that’s enabling the pushback against it is the one with the problem, not the…

Our nervous systems weren’t ready for the level of uncertainty we’re facing right now. That’s according to Dr. Brené Brown, author, researcher, and professor, who spoke at Fortune’s Most Powerful Women Conference in Washington, D.C. on Monday.  “It is extraordinarily difficult to be brave right now for a lot of different reasons,” Brown said. “Politics is one, but [also] radically…

The escalating trade clash between the U.S. and China has investors on edge, fearing it could mark the beginning of the end for global cooperation as we know it. On Friday, President Donald Trump called China’s new export controls “extraordinarily aggressive” and “hostile”; he threatened a retaliatory 100% tariff. (He later sought to deescalate the situation, calming U.S. markets.) For…