FAA says contractor unintentionally caused last week’s air-traffic outage
The Federal Aviation Administration said Thursday that a contractor working for the air-safety regulator had unintentionally deleted computer files used in a pilot-alert system, leading to an outage that disrupted U.S. air traffic last week. The agency, which declined to identify the contractor, said its personnel were working to correctly synchronize two databases—a main one and […]
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks are setting up for a third straight losing session after data sparked fears that the economy is losing steam, while the Fed pushes on with interest rate hikes. Or as CNBC commentator Ron Insana put it:On that front, our call of the day from Jefferies tackles that idea. “Disinflation is a key assumption for […]
Taiwan Semiconductor Manufacturing reports record net profit and revenue on chip demand
Taiwan Semiconductor Manufacturing Co. said Thursday that fourth-quarter net profit rose to a new record thanks to growing demand for high-speed computing and better margins. The world’s largest contract chip maker 2330, +0.41% TSM, +0.63% said net profit for the quarter ended Dec. 31 rose 78% from a year earlier to 295.90 billion Taiwan dollars […]
The outage of an FAA alert system has snarled flights — what’s the notice system at the center of the problem?
The overnight outage of a Federal Aviation Administration alert system snarled air traffic Wednesday morning, leading to the first nationwide grounding since the September 11, 2001, terrorist attacks. Air traffic operations were “resuming gradually,” the aviation regulator said in its most recent update. All flights already in the sky are safe to land, the regulator […]
These are the best and worst passports to have in 2023
With last year marking a big recovery for global travel, the skies may be the limit for 2023, especially as China reopens its economy to incoming and outcoming travelers. But some passports clearly hold more sway than others, as revealed by a new survey from the Henley Passport Index, which revealed the world’s most and […]
Free COVID tests: How to order more rapid at-home tests from the government
Americans can still order more free COVID-19 test kits from the federal government. The Biden administration is mailing out four more rapid at-home COVID tests per household. You can order them online via the United States Postal Service at special.usps.com/testkits or by calling 1-800-232-0233. You can also visit covid.gov/tests to request the free testing kits — it’s […]
Look for a big cut to TSMC’s 2023 outlook as a bullish sign for chips, one analyst says ahead of earnings
The best thing Taiwan Semiconductor Manufacturing Co. can do in its earnings report Thursday is to cut its outlook for 2023 big, indicating a bottoming in the first half of the year, according to one analyst Monday. TSMC TSM, +3.87% is scheduled to report fourth-quarter earnings on Thursday at 1 a.m. Eastern Time. Needham analyst […]
FedEx stock tanks after company withdraws outlook, says year is about to get worse
FedEx Corp. shares fell nearly 17% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and said that fiscal 2023 is about to become worse. FedEx FDX, -0.07% said fiscal first quarter was hit by lower volumes globally, a trend […]