Recent Posts

Planes’ near misses on runways need ‘urgent attention’: Lawmakers

  Bloomberg Recent plane near-collisions on runways have raised red flags among lawmakers crafting a major US aviation policy bill. The National Transportation Safety Board (NTSB) is investigating two near-misses in recent weeks on runways at airports in New York and Texas. Lawmakers weighed how to respond at the House Transportation and Infrastructure Committee’s first hearing of the year to ...

Read More »

Under Armour shares slip after surprise profit decline warning

Bloomberg Under Armour Inc shares slipped after executives said discounting will continue for a prolonged period as the athletic brand works through excess merchandise. Inventory buildup has weighed down the sports-apparel industry due to unpredictable demand and long freight times. That’s led to heavy promotional activity to get goods off store shelves. Under Armour’s inventory rose 50% to $1.22 billion ...

Read More »

Maersk sees global trade contracting 2.5% in 2023

Bloomberg A.P. Moller-Maersk A/S, a bellwether for global trade, said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year. The shipping market has normalized after two years of exceptionally high freight rates, when supply snarls and and a shortage of vessels allowed Maersk and its peers to charge higher ...

Read More »
Send this to a friend