Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
Six months ago, United Continental Holdings was reeling after a passenger was violently pulled off one of its flights to make room to transport crew members for another flight.
The incident, which was recorded and posted on social media, created a public relations disaster for United. Outraged travelers took to social media not just to express their anger over passenger Dr. David Dao's removal from the flight but also over airlines' ability to legally oversell and involuntarily deny ticketed passengers a seat on their planes.
After the incident United said it would offer up to $10,000 to passengers on overbooked flights, give gate agents more flexibility to rebook passengers and cut back on overselling flights altogether. Over the summer, the company started testing a program to allow flexible travelers to volunteer to change their flights before they got to the airport.
The efforts appear to be paying off, though improvement is against a low bar.
There were 28 days in the last quarter in which United didn't involuntarily deny boarding to a single passenger, the airline said.
"Our previous record was, well, zero," United's CEO, Oscar Munoz, told CNBC.
The bumping rate in the U.S. was 0.5 per 10,000 passengers in the first six months of the year, according to the U.S. Department of Transportation, down from 0.6 per 10,000 passengers in the first half of 2016. That figure includes both passengers who were involuntarily denied boarding and those who elect to take a different flight.
In the first six months of this year, 17,330 passengers were involuntarily bumped in the U.S., out of 332.4 million who traveled.