Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.Marketsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.Retailread more
Goldman notes that high-dividend payers are trading at their largest valuation discount in nearly 40 years.Marketsread more
We tested the best way to cut the airport commute time for New Yorkers. The most expensive of the four options we reviewed, Uber Copter, was only 14 minutes faster than mass...Transportationread more
There were no more bids after $17 million. Since $17 million was below the reserve price -- or minimum required by the seller — RM Sotheby's pulled the lot.Autosread more
Power has been restored to the world's busiest airport in Atlanta after an outage caused travel chaos for passengers, with more than a thousand flights canceled during the power cut.
A power outage at Hartsfield-Jackson Atlanta International Airport grounded operations on Sunday, stranding thousands of passengers. The outage lasted nearly 11 hours before power was finally restored around 11:45 p.m. E.T.
The disruptions continued on Monday with more than 400 flights canceled to or from the Atlanta airport. Airlines canceled 1,183 flights on Sunday, according to plane-tracking website FlightAware.
During the outage, the Federal Aviation Administration ordered a ground stop on flights, meaning planes are held at their departure points. Planes also were not departing the airport. The airport handles some 275,000 passengers a day.
Travelers posted photos on social media of fellow passengers sitting on the airport floor, dark departure halls, and staircases that were brought up to planes to disembark passengers after the electricity outage prevented the use of gates and jet bridges.
The power outage hit Atlanta-based Delta Air Lines particularly hard. The airline said it canceled close to 1,000 mainline and regional flights due to the outage and diverted 48 flights to other airports. It also canceled 300 flights scheduled for Monday.
Southwest Airlines canceled the remainder of its flights to and from the Atlanta airport on Sunday.
U.S. Customs and Border Protection said some international flights were sent to other airports.
Power was restored to terminals and for "all essential" airport activities shortly before midnight said Georgia Power, the airport's electricity provider. The company had said it "believed" the outage was caused by a fire that damaged an underground facility and affected substations serving the airport. Power to airport trains had been restored on Monday morning, the utility said.
More than 104 million travelers passed through Atlanta's airport last year, making the Delta Air Lines hub the world's busiest for passenger traffic, according to Airports Council International.
The airport handles around 2,500 arrivals and departures, according to the airport's figures.
The lack of electricity complicated efforts to get passengers off planes. Such delays can be costly for airlines. Airlines can face fines of up to $27,500 per passenger if a domestic flight is on the tarmac longer than three hours.
"Any flights that exceed the tarmac delay rule will start running up big numbers," said Gary Leff, a travel expert who writes the View from the Wing blog. He added that compensation given to travelers could be used to lower fines.
Passengers described the mayhem as confused travelers grappled with a lack of information and
Tami Litvak, a former flight attendant whose flight from Richmond, Virgina, to Atlanta was grounded on the tarmac at Hartsfield-Jackson for several hours, told CNBC that she has "been through a few emergencies" but "nothing as chaotic as this, ever."
She said disabled passengers were carried off the plane and during a long walk to the terminals, some volunteers carried senior citizens.
Litvak said she found a room at an airport Marriott, where travelers eager to grab a snack and find a place to sit, swarmed the hotel's lobby.
— CNBC's Ted Kemp contributed to this article