Latest news with #2024
Yahoo
5 hours ago
- Business
- Yahoo
JetBlue to Elevate Customer Experience With Expanded Paisly Offerings
JetBlue Airways Corporation JBLU seems to be gearing up to strengthen its position in the airline industry with the renovation of its products. To this end, JBLU's wholly-owned travel subsidiary and a tech-enabled managed travel services company, Paisly, LLC, announced the expansion of its cruise portfolio with the addition of four cruise line partners: Holland America Line, Cunard, Virgin Voyages, and Oceania Cruises. This move widens Paisly's existing cruise offering and increases its potential to offer loyalty-integrated cruise experiences to its airline partners' customer bases. This initiative of portfolio expansion marks Paisly's growth as a seller of cruises, either standalone or bundled with flights. JetBlue's subsidiary, JetBlue Vacations, powered by Paisly, becomes the first brand to integrate expanded inventory as Paisly scales cruise access for airline partners. Additionally, United Airlines (UAL) is all set to reap the benefits of this expanded cruise portfolio offering through an upcoming collaboration with Paisly, which is scheduled to commence in summer 2026. Paisly's expanding cruise partner roster strengthens its end-to-end travel service strategy. With global cruise passengers totaling 34.6 million in 2024, and the number anticipated to reach 42 million by 2028 (according to industry estimates), cruising stands among the fastest-growing sectors in leisure travel. Given these encouraging numbers, Paisly is all set to add a new cruise partner each month and expand its direct inventory to reach a wider customer base. Jamie Perry, president of Paisly, stated, "Cruising is a category overdue for disruption, and that's exactly what Paisly is delivering. By expanding our cruise offering and integrating it with our personalization engine and loyalty tools, we're enabling JetBlue, and future airline partners, to offer customers an experience that's smarter, simpler, and more rewarding." The expanded cruise offerings by Paisly are giving airlines new tools to personalize, fulfill, and scale travel packages with loyalty perks. We believe such customer-friendly initiatives should boost investor confidence and positively impact JBLU's position as a major tourism partner in all aspects. JBLU currently carries a Zacks Rank #3 (Hold). Investors interested in the Transportation sector may also consider Copa Holdings CPA and SkyWest, Inc. (SKYW). CPA currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. CPA has an expected earnings growth rate of 14.3% for the current year. The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 5.5%. Shares of CPA have risen 24.2% year to date. SkyWest, founded in 1972, is based in St. George and operates regional jets for major U.S. airlines. SKYW is the holding company for SkyWest Airlines, SkyWest Charter and SkyWest Leasing, an aircraft leasing company. SKYW currently carries a Zacks Rank of 2 (Buy). SKYW has an impressive earnings surprise track record, having surpassed the Zacks Consensus Estimate in each of the last four quarters. The average beat was 17.1%. The Zacks Consensus Estimate for current and next-year earnings has been revised upward over the past 60 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Business
- Yahoo
Core Scientific Could Top $30 on CoreWeave Buyout Deal: Cantor Fitzgerald
In a research note released late Thursday, Cantor Fitzgerald says Core Scientific (CORZ) could fetch over $30 per share in a potential acquisition by cloud compute giant CoreWeave, citing both the long-term cash flows from its AI contracts and the replacement value of its data centers. That would be a near doubling from the current level just above $16. The note came hours after The Wall Street Journal reported that CoreWeave, a cloud AI compute firm, is once again in advanced talks to acquire Core Scientific, following a failed $5.75 per share offer in 2024. CORZ shares jumped 33% to close over $16 Thursday, but Cantor believes that it still undervalues the company by at least 50%. At the heart of the bull case is a 12-year, $3.5 billion infrastructure lease Core Scientific signed with CoreWeave in 2024 to provide 200 megawatts of AI capacity. Cantor values the lease stream at $24/share, using a conservative 15x profit multiple typical for traditional data center REITs. Add another $11.70/share for the replacement value of CORZ's 570MW of power infrastructure, and the upside case becomes clear. But it's not just Cantor arguing that the compute power used for crunching numbers to mine BTC might be more efficiently used for AI. Rittenhouse Research, a new fintech and AI-focused firm, released a report in May arguing that the most successful crypto companies aren't doubling down on bitcoin. Instead, they're pivoting to become AI infrastructure providers. When Galaxy Digital bought the Helios data center in late 2022, it seemed like a rescue of a struggling miner, yet it turned out to be a strategic AI asset as demand for data center space surged with the rise of ChatGPT and LLMs, Rittenhouse pointed out. 'The infrastructure used to mine digital gold is better used to process AI algorithms,' Rittenhouse wrote at the time. At the core of the argument is the belief that AI generates stable, long-term cash flows, unlike BTC mining, which is subject to sharp revenue drops every four years due to halvings and is heavily dependent on bitcoin's volatile price cycles. The future profitability of BTC mining, Rittenhouse noted, is also dependent on mining firms being able to design chips that are significantly more efficient each cycle to account for the halvening, an increasingly difficult task as gains from silicon shrinkage begin to plateau. While Cantor, and the market broadly, is looking fondly on Core Scientific's possible pivot, not all pivots away from BTC mining have gone this well. As CoinDesk recently reported, Bit Digital is dumping its bitcoin rigs to go all-in on Ethereum staking, and the market pushed down its stock by 15% during the Thursday trading session in New York. Canaan, once hoping to diversify into AI hardware, has now shuttered its chip unit entirely after failing to gain traction. Its stock is down nearly 75% in the last six months, and closed at 63 cents on Thursday. But Core Scientific might have found the middle path, leveraging its mining-built footprint to tap into a $100 billion-plus AI infrastructure boom. If Cantor's thesis proves right, CoreWeave's second offer for CORZ could look very different from the one they made last year, and it could mark a new blueprint for the rest of the sector. Neither CoreWeave nor Core Scientific has publicly commented on the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
6 hours ago
- South China Morning Post
Guidelines overdue on Hong Kong child abuse law
It is almost a year since the passage of a law requiring professionals working with children to report suspected cases of abuse. It is another six months of preparation before it comes into effect – time that must be put to good use to promote awareness and provide guidelines for professionals and institutions. Figures from the Social Welfare Department on child physical and sexual abuse in 2024 are a reminder of that. They show that the number of child sexual abuse cases is not only creeping up but has nearly doubled over the past decade to more than 500 in 2024. More than one in five of the sexual abusers last year was 16 years of age or below. This has prompted lawmakers to demand urgent attention from the government, and for an early release of guidelines on the implementation of a mandatory reporting mechanism under a law that criminalises failure to act. The latter suggestion is sensible. The law places a heavy responsibility on more than 100,000 professionals, including teachers, doctors, social workers, midwives and childcare staff. It was subject to much debate and amendments to safeguard them from unfair blame. The 1,504 child abuse cases recorded last year were up from 1,457 in 2023 and 1,439 in 2022. They also included 595 cases of physical abuse, 328 of neglect, 43 reports of multiple abuse and another 16 involving psychological abuse. More than 910 or 60.5 per cent of the victims were girls, half of whom suffered sexual abuse, while 58.1 per cent of male victims suffered physical harm. Among child abuse cases, nearly 60 per cent of all perpetrators were parents.
Yahoo
6 hours ago
- Business
- Yahoo
Trump secures record-shattering $1.4B for political war chest, will be 'dominant force' for GOP in midterms
EXCLUSIVE: President Donald Trump has secured commitments for a record-shattering $1.4 billion since Election Day 2024, Fox News Digital has learned. And advisors say he will be "an even more dominant force" for Republicans in the 2026 midterms. The president's political operation, including the cash on hand at the Republican National Committee, has raised a historic $900 million since November, and other commitments will bring the total to more than $1.4 billion. Scoop: Republican National Committee Showcases Record Fundraising As Party Builds 2026 War Chest Fox News Digital has learned the funds will be used to help Republicans keep their House and Senate majorities. Republicans control the House with a 220-215 majority and control the Senate with a 53-47 majority. Read On The Fox News App Sources say the funds will also be used for whatever the president deems "necessary and appropriate." "After securing a historic victory in his re-election campaign in 2024, President Trump has continued to break records, including fundraising numbers that have positioned him to be an even more dominant force going into the midterms and beyond," President Trump's senior advisor and National Finance Director Meredith O'Rourke told Fox News Digital. Rnc Brings On New Senior Leadership To 'Work Around The Clock' To Support Trump Agenda, Elect Republicans The president headlined a major donor event in Washington, D.C., in April for the National Republican Congressional Committee (NRCC), which is the House GOP's campaign arm. That fundraiser hauled in at least $10 million for the NRCC, a source familiar with the event told Fox News. Click To Get The Fox News App In March, Vice President JD Vance was tapped to serve as the RNC finance chair, the first time in the history of the GOP a sitting vice president is serving in the role. Vance pledged to work to "fully enact the MAGA mandate" and expand the Republican majority in Congress in article source: Trump secures record-shattering $1.4B for political war chest, will be 'dominant force' for GOP in midterms
CNET
7 hours ago
- Business
- CNET
Did You Know About the GameStop-Facebook Settlement? Here's How to File a Claim
There's still time to claim part of GameStop privacy settlement. Did you buy something from video game retailer GameStop in the past five years? And did you have a Facebook account when you did so? I know that sounds like me and if it sounds like you, too, there's a settlement you need to know about. Early this month, GameStop agreed to pay $4.5 million to settle a class action lawsuit accusing it of violating privacy laws by tracking and sharing customer info with Facebook. While the company has denied any wrongdoing in the matter, it is nonetheless now accepting claims, with estimates suggesting that hundreds of thousands of consumers could be eligible. While GameStop -- best known for its brick-and-mortar shop locations -- has seen its fortunes decline in recent years as commerce has migrated online, it still does considerable business: about $3.8 billion in 2024. Facebook, meanwhile, doesn't say much about how much consumer data it acquires from places like GameStop but those kinds of transactions have long been key to its business, helping to create targeted advertising on the platform. That sort of practice now appears to have run afoul of certain privacy laws, prompting the lawsuit that GameStop is working to settle. Keep reading to find out everything you need to know about the settlement and, for more, find out if you qualify for 23andMe's big privacy settlement or the Fortnite in-game purchases settlement. Why did GameStop get sued? The lawsuit at the heart of this situation, Aldana v. GameStop, alleged that the company used a tracking pixel on its website to collect information on specific consumer purchases, which it then sold to Facebook. This, the suit argued, violated the Video Privacy Protection Act, a 1988 law designed to prevent the "wrongful disclosure" of rental or sales records for certain audiovisual media, including video games. What prompted the creation of a law like that back then? The public disclosure of -- here's a throwback -- Supreme Court nominee Robert Bork's video store rental records. While there was nothing scandalous, or even terribly interesting in those records, the release of the information highlighted Bork's claims that Americans only had privacy rights directly granted to them by legislation and Congress certainly seemed to take the point, passing the VPPA little more than a year later. In addition to the consumer payouts, this settlement also requires GameStop to stop using tracking pixels on its online storefront. Who is eligible for the GameStop-Facebook settlement? To qualify for this settlement, you need to have bought something from GameStop's website any time between Aug. 18, 2020, and April 7, 2025. At the time of that purchase, you must also have had an active Facebook account using your real name that was public. Proof of purchase is not required. When is the deadline for filing a claim? You have until Aug. 15 -- about a month and a half -- to file a claim and opt in to this settlement. To do that, complete the official form on the settlement website. How much can I get from the GameStop-Facebook settlement? Unlike other notable settlements that can sometimes pay out thousands of dollars, the offers from this settlement are much more modest. When filing a claim, you have the option of receiving a cash payment of $5 or a voucher to GameStop worth $10. You can only get one payment per claim, even if you purchased multiple items from the GameStop website during the settlement period. When will I get paid from the GameStop-Facebook settlement? When those payments will go out isn't clear but it will be sometime after the final settlement hearing in the case on Sept. 18. Stayed tuned to this page for updates as information like this becomes available in the near future. For more, here's everything to know about Apple's Siri privacy settlement.
