US gas prices surged to $4.43 per gallon, a 61% increase since December, driven by oil prices reaching $126 per barrel amid escalating tensions in the Strait of Hormuz. California's gas prices neared record highs, impacting consumer costs significantly. The Federal Reserve noted elevated inflation linked to rising energy prices, with potential interest rate hikes expected. Prolonged closure of the Strait of Hormuz could disrupt travel plans and hurt airlines and cruise industries.
The Nasdaq 100 index surpassed 30,000 points during Tuesday's session, led by a strong rally in semiconductor stocks, especially Micron Technology which surged 18%. This rally was fueled by rising expectations for AI-related spending, with UBS raisin...
American Airlines will install SpaceX's Starlink internet service on over 500 narrow-body Airbus aircraft starting early next year, marking a significant contract win for Starlink ahead of SpaceX's IPO. This deal strengthens Starlink's position again...
American Airlines has decided to install SpaceX's Starlink satellite internet on over 500 of its planes, aiming to enhance in-flight internet speed for premium travelers. This move strengthens Starlink's position as a leading in-flight internet provi...
American Airlines announced it will equip over 500 narrowbody Airbus aircraft, including new A321XLR and A321neo models, with Starlink inflight Wi-Fi starting in early 2027. This move joins other major airlines like Alaska, Southwest, and United in a...
American Airlines announced plans to install SpaceX's Starlink internet service on over 500 of its narrow-body Airbus aircraft, including the A321neo, starting early next year. This move follows Starlink's existing contracts with United, Southwest, a...
