*Southwest Airlines is planning a major flight scheduling change*
Since it first started running flights in 1967, Texas-based Southwest Airlines LUV has gained a reputation for doing things a little differently from other airlines. The low-cost carrier does not sell tickets with assigned seating and instead allows passengers to board according to their fare class and then pick a seat among what is available. The airline also does not charge change or baggage fees or run flights outside of standard daytime hours.Related: Southwest Airlines boarding policy triggers passenger controversy This latter fact may, as Southwest CEO Bob Jordan recently let slip in an interview with the Dallas Morning News, be about to change as the airline mulls over how to use its aircraft most effectively. The airline currently uses different types of Boeing 737 BA planes β the Boeing 737-700, the Boeing 737-800 and the Boeing 737-Max. Southwest plans to fly red-eye flights. Image source: Shutterstock Southwest CEO calls red-eye flights a 'logical evolution' "It's a logical evolution for us," Jordan told the news outlet at the start of November. "We have the aircraft, it's a great way to use an asset that you already have and use it more productively which means more hours in the day. So, we will be doing red-eyes." More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The airline had previously avoided running flights that leave late at night and arrive in the morning of a different time zone due to an older technical system that required flights to be scheduled in the same day. Even as it updated its software, Southwest Airlines stuck to its way of planning flights in order to minimize staffing needs and keep scheduling consistent. But as Jordan told the news outlet, travelers have been expressing a desire to get "a full day in" on flights between different coasts by landing at their destination early in the morning along with the need to bring down the amount of time planes stand parked as part of its plan to turn its finances around. At the end of October, the airline released earnings that showed its net income fell by more than 30% in the third quarter.Here is when you'll be able to book the first Southwest red-eye flights When pressed for details around specific markets and time frames, Jordan used vague phrases such as "certain markets" and "there's a world" in which the carrier has red-eye flights. Some speculated that the first Southwest red-eye flights could take off from Dallas-Fort Worth International Airport (DFW) once construction of the new terminal is finished in 2026. The airline has been working to carve out a significant presence in the airport. The smaller Dallas Love Field Airport (DAL) is less likely due to a quiet period in which flights are not permitted to take off after 11 p.m. β although many red-eye flights from the West Coast leave around 9 or 10 p.m. to arrive in the early hours of the morning at an East Coast city. "In my mind, it's not going to be the size of Love Field, so it would be a complement to Love," Jordan said of the airline's plans to be across the two airports at the Skift Aviation Forum in Fort Worth on Nov. 1.
[Read more...](https://www.thestreet.com/travel/southwest-airlines-launching-red-eye-flights)
Since it first started running flights in 1967, Texas-based Southwest Airlines LUV has gained a reputation for doing things a little differently from other airlines. The low-cost carrier does not sell tickets with assigned seating and instead allows passengers to board according to their fare class and then pick a seat among what is available. The airline also does not charge change or baggage fees or run flights outside of standard daytime hours.Related: Southwest Airlines boarding policy triggers passenger controversy This latter fact may, as Southwest CEO Bob Jordan recently let slip in an interview with the Dallas Morning News, be about to change as the airline mulls over how to use its aircraft most effectively. The airline currently uses different types of Boeing 737 BA planes β the Boeing 737-700, the Boeing 737-800 and the Boeing 737-Max. Southwest plans to fly red-eye flights. Image source: Shutterstock Southwest CEO calls red-eye flights a 'logical evolution' "It's a logical evolution for us," Jordan told the news outlet at the start of November. "We have the aircraft, it's a great way to use an asset that you already have and use it more productively which means more hours in the day. So, we will be doing red-eyes." More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The airline had previously avoided running flights that leave late at night and arrive in the morning of a different time zone due to an older technical system that required flights to be scheduled in the same day. Even as it updated its software, Southwest Airlines stuck to its way of planning flights in order to minimize staffing needs and keep scheduling consistent. But as Jordan told the news outlet, travelers have been expressing a desire to get "a full day in" on flights between different coasts by landing at their destination early in the morning along with the need to bring down the amount of time planes stand parked as part of its plan to turn its finances around. At the end of October, the airline released earnings that showed its net income fell by more than 30% in the third quarter.Here is when you'll be able to book the first Southwest red-eye flights When pressed for details around specific markets and time frames, Jordan used vague phrases such as "certain markets" and "there's a world" in which the carrier has red-eye flights. Some speculated that the first Southwest red-eye flights could take off from Dallas-Fort Worth International Airport (DFW) once construction of the new terminal is finished in 2026. The airline has been working to carve out a significant presence in the airport. The smaller Dallas Love Field Airport (DAL) is less likely due to a quiet period in which flights are not permitted to take off after 11 p.m. β although many red-eye flights from the West Coast leave around 9 or 10 p.m. to arrive in the early hours of the morning at an East Coast city. "In my mind, it's not going to be the size of Love Field, so it would be a complement to Love," Jordan said of the airline's plans to be across the two airports at the Skift Aviation Forum in Fort Worth on Nov. 1.
[Read more...](https://www.thestreet.com/travel/southwest-airlines-launching-red-eye-flights)
TheStreet
Southwest Airlines is planning a major flight scheduling change
Southwest chief executive Bob Jordan hinted at the possibility of red-eye flights.
Southwest Airlines is planning a major flight scheduling change
Since it first started running flights in 1967, Texas-based Southwest Airlines LUV has gained a reputation for doing things a little differently from other airlines. The low-cost carrier does not sell tickets with assigned seating and instead allows passengers to board according to their fare class and then pick a seat among what is available. The airline also does not charge change or baggage fees or run flights outside of standard daytime hours.Related: Southwest Airlines boarding policy triggers passenger controversy This latter fact may, as Southwest CEO Bob Jordan recently let slip in an interview with the Dallas Morning News, be about to change as the airline mulls over how to use its aircraft most effectively. The airline currently uses different types of Boeing 737 BA planes β the Boeing 737-700, the Boeing 737-800 and the Boeing 737-Max. Southwest plans to fly red-eye flights. Image source: Shutterstock Southwest CEO calls red-eye flights a 'logical evolution' "It's a logical evolution for us," Jordan told the news outlet at the start of November. "We have the aircraft, it's a great way to use an asset that you already have and use it more productively which means more hours in the day. So, we will be doing red-eyes." More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The airline had previously avoided running flights that leave late at night and arrive in the morning of a different time zone due to an older technical system that required flights to be scheduled in the same day. Even as it updated its software, Southwest Airlines stuck to its way of planning flights in order to minimize staffing needs and keep scheduling consistent. But as Jordan told the news outlet, travelers have been expressing a desire to get "a full day in" on flights between different coasts by landing at their destination early in the morning along with the need to bring down the amount of time planes stand parked as part of its plan to turn its finances around. At the end of October, the airline released earnings that showed its net income fell by more than 30% in the third quarter.Here is when you'll be able to book the first Southwest red-eye flights When pressed for details around specific markets and time frames, Jordan used vague phrases such as "certain markets" and "there's a world" in which the carrier has red-eye flights. Some speculated that the first Southwest red-eye flights could take off from Dallas-Fort Worth International Airport (DFW) once construction of the new terminal is finished in 2026. The airline has been working to carve out a significant presence in the airport. The smaller Dallas Love Field Airport (DAL) is less likely due to a quiet period in which flights are not permitted to take off after 11 p.m. β although many red-eye flights from the West Coast leave around 9 or 10 p.m. to arrive in the early hours of the morning at an East Coast city. "In my mind, it's not going to be the size of Love Field, so it would be a complement to Love," Jordan said of the airline's plans to be across the two airports at the Skift Aviation Forum in Fort Worth on Nov. 1.
Read more...
Since it first started running flights in 1967, Texas-based Southwest Airlines LUV has gained a reputation for doing things a little differently from other airlines. The low-cost carrier does not sell tickets with assigned seating and instead allows passengers to board according to their fare class and then pick a seat among what is available. The airline also does not charge change or baggage fees or run flights outside of standard daytime hours.Related: Southwest Airlines boarding policy triggers passenger controversy This latter fact may, as Southwest CEO Bob Jordan recently let slip in an interview with the Dallas Morning News, be about to change as the airline mulls over how to use its aircraft most effectively. The airline currently uses different types of Boeing 737 BA planes β the Boeing 737-700, the Boeing 737-800 and the Boeing 737-Max. Southwest plans to fly red-eye flights. Image source: Shutterstock Southwest CEO calls red-eye flights a 'logical evolution' "It's a logical evolution for us," Jordan told the news outlet at the start of November. "We have the aircraft, it's a great way to use an asset that you already have and use it more productively which means more hours in the day. So, we will be doing red-eyes." More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The airline had previously avoided running flights that leave late at night and arrive in the morning of a different time zone due to an older technical system that required flights to be scheduled in the same day. Even as it updated its software, Southwest Airlines stuck to its way of planning flights in order to minimize staffing needs and keep scheduling consistent. But as Jordan told the news outlet, travelers have been expressing a desire to get "a full day in" on flights between different coasts by landing at their destination early in the morning along with the need to bring down the amount of time planes stand parked as part of its plan to turn its finances around. At the end of October, the airline released earnings that showed its net income fell by more than 30% in the third quarter.Here is when you'll be able to book the first Southwest red-eye flights When pressed for details around specific markets and time frames, Jordan used vague phrases such as "certain markets" and "there's a world" in which the carrier has red-eye flights. Some speculated that the first Southwest red-eye flights could take off from Dallas-Fort Worth International Airport (DFW) once construction of the new terminal is finished in 2026. The airline has been working to carve out a significant presence in the airport. The smaller Dallas Love Field Airport (DAL) is less likely due to a quiet period in which flights are not permitted to take off after 11 p.m. β although many red-eye flights from the West Coast leave around 9 or 10 p.m. to arrive in the early hours of the morning at an East Coast city. "In my mind, it's not going to be the size of Love Field, so it would be a complement to Love," Jordan said of the airline's plans to be across the two airports at the Skift Aviation Forum in Fort Worth on Nov. 1.
Read more...
TheStreet
Southwest Airlines is planning a major flight scheduling change
Southwest chief executive Bob Jordan hinted at the possibility of red-eye flights.
*Cathie Wood has a blunt warning for the future of Google's stock*
When Google GOOGL parent Alphabet reported third-quarter earnings on Oct. 26, the stock dropped around 10%, its worst day in more than three years. The selloff β which came despite a strong earnings beat β was prompted by reduced growth at Google's Cloud division, where revenue landed $20 million short of analyst expectations. The stock has since rebounded, closing Friday's session at $132.59, a roughly 8% increase from the stock price immediately following the earnings report. But Ark Invest, led by the prominent asset manager Cathie Wood, doesn't see a particularly bright future for Google and Alphabet stock. The reason boils down to artificial intelligence. Related: Why Google stock is tanking β and where it could go nextGoogle 'caught in innovator's dilemma': Ark exec The tech giant, according to Brett Winton, chief futurist at Ark, is "caught in the thorns of an innovator's dilemma." Google currently makes money by using ads to deliver users to other websites. Large language models like ChatGPT remove this route entirely, taking the information across all websites, synthesizing it and delivering it directly to users. Google, he said, should be winning in AI β the Mountain View, Calif., tech giant has the "best talent, the best data; they own the text prompt box that sits at the front of the consumer web." But the company isn't shipping its AI integrations (Gemini) because, according to Winton, such an innovation would "break Google's revenue architecture" while also driving up costs. Cathie Wood sees AI risk to Google Cathie Wood, the CEO and investment lead at Ark, chimed in on the topic Nov. 12, saying that Google remains a "safe" AI holding in many portfolios because of its AI expertise and quantity of data. "The problem," she said, "is that [large language models] like GPT4 are going to disintermediate and perhaps destroy Google search, the bulk of its business." Ark's preferred AI bet is Tesla TSLA, which the firm thinks is loaded with tons of usable data and transformative tech. The basis of Ark's Tesla AI thesis is the company's effort to apply the technology to innovate self-driving cars. Related: Cathie Wood has a blunt warning about Tesla's stock over the coming monthsMunster: Google's approach is the right one Deepwater's Gene Munster says, however, that once Google integrates Gemini into its flagship search engine, the "scale will tip back toward Google and we'll see a reacceleration." The tech firm's cautious rollout of its AI integrations, according to Munster, is a good thing. It is spending carefully, aiming to accelerate earnings over expenses. And the company still has a unique advantage over the competition with its strong search-engine market share. "What Google wants to do is take what you use Google for today and add onto that generative features," Munster said in October. "As they add that, you're going to go to Google more over time and there's more opportunities for them to monetize search. Big picture: the Google story is intact." MNTN CEO Mark Douglas told TheStreet in an interview in November that Google's biggest current advantage is that it has developed consumer "muscle memory" based on its search engine. As of June 2023, Google had a 90% share of the search-engine market, according to SimilarWeb. But the coming proliferation of AI, Douglas said, will likely erase any technical head starts Google has on the competition and further erode that vital consumer muscle memory. "Google has enough momentum that they could not feel this for quite a while," he said. "But the main point is nobody has a head start on this stuff."Related: President of Ryan Reynolds' Advertising Company MNTN Explains Its New Avenue To Success Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/technology/google-stock-cathie-wood-ark-invest-alphabet)
When Google GOOGL parent Alphabet reported third-quarter earnings on Oct. 26, the stock dropped around 10%, its worst day in more than three years. The selloff β which came despite a strong earnings beat β was prompted by reduced growth at Google's Cloud division, where revenue landed $20 million short of analyst expectations. The stock has since rebounded, closing Friday's session at $132.59, a roughly 8% increase from the stock price immediately following the earnings report. But Ark Invest, led by the prominent asset manager Cathie Wood, doesn't see a particularly bright future for Google and Alphabet stock. The reason boils down to artificial intelligence. Related: Why Google stock is tanking β and where it could go nextGoogle 'caught in innovator's dilemma': Ark exec The tech giant, according to Brett Winton, chief futurist at Ark, is "caught in the thorns of an innovator's dilemma." Google currently makes money by using ads to deliver users to other websites. Large language models like ChatGPT remove this route entirely, taking the information across all websites, synthesizing it and delivering it directly to users. Google, he said, should be winning in AI β the Mountain View, Calif., tech giant has the "best talent, the best data; they own the text prompt box that sits at the front of the consumer web." But the company isn't shipping its AI integrations (Gemini) because, according to Winton, such an innovation would "break Google's revenue architecture" while also driving up costs. Cathie Wood sees AI risk to Google Cathie Wood, the CEO and investment lead at Ark, chimed in on the topic Nov. 12, saying that Google remains a "safe" AI holding in many portfolios because of its AI expertise and quantity of data. "The problem," she said, "is that [large language models] like GPT4 are going to disintermediate and perhaps destroy Google search, the bulk of its business." Ark's preferred AI bet is Tesla TSLA, which the firm thinks is loaded with tons of usable data and transformative tech. The basis of Ark's Tesla AI thesis is the company's effort to apply the technology to innovate self-driving cars. Related: Cathie Wood has a blunt warning about Tesla's stock over the coming monthsMunster: Google's approach is the right one Deepwater's Gene Munster says, however, that once Google integrates Gemini into its flagship search engine, the "scale will tip back toward Google and we'll see a reacceleration." The tech firm's cautious rollout of its AI integrations, according to Munster, is a good thing. It is spending carefully, aiming to accelerate earnings over expenses. And the company still has a unique advantage over the competition with its strong search-engine market share. "What Google wants to do is take what you use Google for today and add onto that generative features," Munster said in October. "As they add that, you're going to go to Google more over time and there's more opportunities for them to monetize search. Big picture: the Google story is intact." MNTN CEO Mark Douglas told TheStreet in an interview in November that Google's biggest current advantage is that it has developed consumer "muscle memory" based on its search engine. As of June 2023, Google had a 90% share of the search-engine market, according to SimilarWeb. But the coming proliferation of AI, Douglas said, will likely erase any technical head starts Google has on the competition and further erode that vital consumer muscle memory. "Google has enough momentum that they could not feel this for quite a while," he said. "But the main point is nobody has a head start on this stuff."Related: President of Ryan Reynolds' Advertising Company MNTN Explains Its New Avenue To Success Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/technology/google-stock-cathie-wood-ark-invest-alphabet)
TheStreet
Cathie Wood has a blunt warning for the future of Google's stock
Shares of Google have been pushing up from the valley they hit toward the end of October.
Cathie Wood has a blunt warning for the future of Google's stock
When Google GOOGL parent Alphabet reported third-quarter earnings on Oct. 26, the stock dropped around 10%, its worst day in more than three years. The selloff β which came despite a strong earnings beat β was prompted by reduced growth at Google's Cloud division, where revenue landed $20 million short of analyst expectations. The stock has since rebounded, closing Friday's session at $132.59, a roughly 8% increase from the stock price immediately following the earnings report. But Ark Invest, led by the prominent asset manager Cathie Wood, doesn't see a particularly bright future for Google and Alphabet stock. The reason boils down to artificial intelligence. Related: Why Google stock is tanking β and where it could go nextGoogle 'caught in innovator's dilemma': Ark exec The tech giant, according to Brett Winton, chief futurist at Ark, is "caught in the thorns of an innovator's dilemma." Google currently makes money by using ads to deliver users to other websites. Large language models like ChatGPT remove this route entirely, taking the information across all websites, synthesizing it and delivering it directly to users. Google, he said, should be winning in AI β the Mountain View, Calif., tech giant has the "best talent, the best data; they own the text prompt box that sits at the front of the consumer web." But the company isn't shipping its AI integrations (Gemini) because, according to Winton, such an innovation would "break Google's revenue architecture" while also driving up costs. Cathie Wood sees AI risk to Google Cathie Wood, the CEO and investment lead at Ark, chimed in on the topic Nov. 12, saying that Google remains a "safe" AI holding in many portfolios because of its AI expertise and quantity of data. "The problem," she said, "is that large language models like GPT4 are going to disintermediate and perhaps destroy Google search, the bulk of its business." Ark's preferred AI bet is Tesla TSLA, which the firm thinks is loaded with tons of usable data and transformative tech. The basis of Ark's Tesla AI thesis is the company's effort to apply the technology to innovate self-driving cars. Related: Cathie Wood has a blunt warning about Tesla's stock over the coming monthsMunster: Google's approach is the right one Deepwater's Gene Munster says, however, that once Google integrates Gemini into its flagship search engine, the "scale will tip back toward Google and we'll see a reacceleration." The tech firm's cautious rollout of its AI integrations, according to Munster, is a good thing. It is spending carefully, aiming to accelerate earnings over expenses. And the company still has a unique advantage over the competition with its strong search-engine market share. "What Google wants to do is take what you use Google for today and add onto that generative features," Munster said in October. "As they add that, you're going to go to Google more over time and there's more opportunities for them to monetize search. Big picture: the Google story is intact." MNTN CEO Mark Douglas told TheStreet in an interview in November that Google's biggest current advantage is that it has developed consumer "muscle memory" based on its search engine. As of June 2023, Google had a 90% share of the search-engine market, according to SimilarWeb. But the coming proliferation of AI, Douglas said, will likely erase any technical head starts Google has on the competition and further erode that vital consumer muscle memory. "Google has enough momentum that they could not feel this for quite a while," he said. "But the main point is nobody has a head start on this stuff."Related: President of Ryan Reynolds' Advertising Company MNTN Explains Its New Avenue To Success Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
Read more...
When Google GOOGL parent Alphabet reported third-quarter earnings on Oct. 26, the stock dropped around 10%, its worst day in more than three years. The selloff β which came despite a strong earnings beat β was prompted by reduced growth at Google's Cloud division, where revenue landed $20 million short of analyst expectations. The stock has since rebounded, closing Friday's session at $132.59, a roughly 8% increase from the stock price immediately following the earnings report. But Ark Invest, led by the prominent asset manager Cathie Wood, doesn't see a particularly bright future for Google and Alphabet stock. The reason boils down to artificial intelligence. Related: Why Google stock is tanking β and where it could go nextGoogle 'caught in innovator's dilemma': Ark exec The tech giant, according to Brett Winton, chief futurist at Ark, is "caught in the thorns of an innovator's dilemma." Google currently makes money by using ads to deliver users to other websites. Large language models like ChatGPT remove this route entirely, taking the information across all websites, synthesizing it and delivering it directly to users. Google, he said, should be winning in AI β the Mountain View, Calif., tech giant has the "best talent, the best data; they own the text prompt box that sits at the front of the consumer web." But the company isn't shipping its AI integrations (Gemini) because, according to Winton, such an innovation would "break Google's revenue architecture" while also driving up costs. Cathie Wood sees AI risk to Google Cathie Wood, the CEO and investment lead at Ark, chimed in on the topic Nov. 12, saying that Google remains a "safe" AI holding in many portfolios because of its AI expertise and quantity of data. "The problem," she said, "is that large language models like GPT4 are going to disintermediate and perhaps destroy Google search, the bulk of its business." Ark's preferred AI bet is Tesla TSLA, which the firm thinks is loaded with tons of usable data and transformative tech. The basis of Ark's Tesla AI thesis is the company's effort to apply the technology to innovate self-driving cars. Related: Cathie Wood has a blunt warning about Tesla's stock over the coming monthsMunster: Google's approach is the right one Deepwater's Gene Munster says, however, that once Google integrates Gemini into its flagship search engine, the "scale will tip back toward Google and we'll see a reacceleration." The tech firm's cautious rollout of its AI integrations, according to Munster, is a good thing. It is spending carefully, aiming to accelerate earnings over expenses. And the company still has a unique advantage over the competition with its strong search-engine market share. "What Google wants to do is take what you use Google for today and add onto that generative features," Munster said in October. "As they add that, you're going to go to Google more over time and there's more opportunities for them to monetize search. Big picture: the Google story is intact." MNTN CEO Mark Douglas told TheStreet in an interview in November that Google's biggest current advantage is that it has developed consumer "muscle memory" based on its search engine. As of June 2023, Google had a 90% share of the search-engine market, according to SimilarWeb. But the coming proliferation of AI, Douglas said, will likely erase any technical head starts Google has on the competition and further erode that vital consumer muscle memory. "Google has enough momentum that they could not feel this for quite a while," he said. "But the main point is nobody has a head start on this stuff."Related: President of Ryan Reynolds' Advertising Company MNTN Explains Its New Avenue To Success Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
Read more...
TheStreet
Cathie Wood has a blunt warning for the future of Google's stock
Shares of Google have been pushing up from the valley they hit toward the end of October.
*Hyundai made a huge step in becoming a electric vehicle heavyweight*
Amidst a crowded field that includes juggernauts like Tesla TSLA and members of the old automotive guard like Detroit-based General Motors, Hyundai HYMLF is expanding its ability to be a major disruptor in the electric car market. Related: Tesla adds controversial clause to contract for Cybertruck buyers In a statement released today, the South Korean brand broke ground on a $1.5 billion plant dedicated to the production of EVs in its native country. The factory in the southeastern South Korea city of Ulsan will have an annual capacity of 200,000 vehicles and is part of the brand's shift from internal combustion engine (ICE) cars. Hyundai Motor Co. Ioniq 5 electric vehicles (EV) at the company's Ulsan plant in Ulsan, South Korea SeongJoon Cho/Bloomberg via Getty Images βThe new EV-dedicated Plant in Ulsan is the beginning of a promising future for the next 50 years and the era of electrification. I am honored to share our dream of a 100-year company here,β said Hyundai Motor Group's Executive Chair Euisun Chung. βJust as the dream of building the best car in the past made Ulsan an automotive city today, I trust Ulsan will be an innovative mobility city that leads the way in the era of electrification, starting with a dedicated EV plant.β Hyundai has said that they plan to apply new manufacturing innovations at this new plant, which includes the use of robotics, smart logistics systems and artificial intelligence for efficiency, as well as a nature-friendly design, which encourages the health and well-being of factory workers. According to Hyundai, the new factory will maximize the use of natural light, and will also feature a "Central Park" that will double as a hub and a rest area for its workers. Additionally, solar panels and upcycled concrete will be used to minimize its carbon emissions. Hyundai Motor Co. Ioniq 5 electric vehicles at the company's Ulsan plant in Ulsan, South Korea SeongJoon Cho/Bloomberg via Getty Images The plant is the first new factory in its native South Korea in 29 years and will be instrumental in the Hyundai Motor Group's plan to launch 31 new EV models throughout its Hyundai, Kia and Genesis brands by 2030. The new EV factory will be part of the already massive Hyundai complex in Ulsan, South Korea, which is the company's, and the world's largest automotive manufacturing site. It's yearly capacity of 1.4 million vehicles sees 1.1 million of them destined for export via its own car-carrier port. But as some manufacturers like General Motors GM roll back their EV plans, Hyundai is blowing full steam ahead towards an electric future. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHereβs why EV experts are flaming Joe Bidenβs car policyThe EV industry is facing an unusual new problem The new plant in Ulsan will join Hyundai's $5.44 billion EV and battery plant currently under construction outside of Savannah, Ga. The plant, the largest in the state, will have an annual capacity of 300,000 units. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/electric-vehicles/hyundai-made-a-huge-step-in-becoming-a-electric-vehicle-heavyweight)
Amidst a crowded field that includes juggernauts like Tesla TSLA and members of the old automotive guard like Detroit-based General Motors, Hyundai HYMLF is expanding its ability to be a major disruptor in the electric car market. Related: Tesla adds controversial clause to contract for Cybertruck buyers In a statement released today, the South Korean brand broke ground on a $1.5 billion plant dedicated to the production of EVs in its native country. The factory in the southeastern South Korea city of Ulsan will have an annual capacity of 200,000 vehicles and is part of the brand's shift from internal combustion engine (ICE) cars. Hyundai Motor Co. Ioniq 5 electric vehicles (EV) at the company's Ulsan plant in Ulsan, South Korea SeongJoon Cho/Bloomberg via Getty Images βThe new EV-dedicated Plant in Ulsan is the beginning of a promising future for the next 50 years and the era of electrification. I am honored to share our dream of a 100-year company here,β said Hyundai Motor Group's Executive Chair Euisun Chung. βJust as the dream of building the best car in the past made Ulsan an automotive city today, I trust Ulsan will be an innovative mobility city that leads the way in the era of electrification, starting with a dedicated EV plant.β Hyundai has said that they plan to apply new manufacturing innovations at this new plant, which includes the use of robotics, smart logistics systems and artificial intelligence for efficiency, as well as a nature-friendly design, which encourages the health and well-being of factory workers. According to Hyundai, the new factory will maximize the use of natural light, and will also feature a "Central Park" that will double as a hub and a rest area for its workers. Additionally, solar panels and upcycled concrete will be used to minimize its carbon emissions. Hyundai Motor Co. Ioniq 5 electric vehicles at the company's Ulsan plant in Ulsan, South Korea SeongJoon Cho/Bloomberg via Getty Images The plant is the first new factory in its native South Korea in 29 years and will be instrumental in the Hyundai Motor Group's plan to launch 31 new EV models throughout its Hyundai, Kia and Genesis brands by 2030. The new EV factory will be part of the already massive Hyundai complex in Ulsan, South Korea, which is the company's, and the world's largest automotive manufacturing site. It's yearly capacity of 1.4 million vehicles sees 1.1 million of them destined for export via its own car-carrier port. But as some manufacturers like General Motors GM roll back their EV plans, Hyundai is blowing full steam ahead towards an electric future. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHereβs why EV experts are flaming Joe Bidenβs car policyThe EV industry is facing an unusual new problem The new plant in Ulsan will join Hyundai's $5.44 billion EV and battery plant currently under construction outside of Savannah, Ga. The plant, the largest in the state, will have an annual capacity of 300,000 units. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/electric-vehicles/hyundai-made-a-huge-step-in-becoming-a-electric-vehicle-heavyweight)
TheStreet
Hyundai made a huge step in becoming a electric vehicle heavyweight
The South Korean auto giant is making a major move in its native country.
Hyundai made a huge step in becoming a electric vehicle heavyweight
Amidst a crowded field that includes juggernauts like Tesla TSLA and members of the old automotive guard like Detroit-based General Motors, Hyundai HYMLF is expanding its ability to be a major disruptor in the electric car market. Related: Tesla adds controversial clause to contract for Cybertruck buyers In a statement released today, the South Korean brand broke ground on a $1.5 billion plant dedicated to the production of EVs in its native country. The factory in the southeastern South Korea city of Ulsan will have an annual capacity of 200,000 vehicles and is part of the brand's shift from internal combustion engine (ICE) cars. Hyundai Motor Co. Ioniq 5 electric vehicles (EV) at the company's Ulsan plant in Ulsan, South Korea SeongJoon Cho/Bloomberg via Getty Images βThe new EV-dedicated Plant in Ulsan is the beginning of a promising future for the next 50 years and the era of electrification. I am honored to share our dream of a 100-year company here,β said Hyundai Motor Group's Executive Chair Euisun Chung. βJust as the dream of building the best car in the past made Ulsan an automotive city today, I trust Ulsan will be an innovative mobility city that leads the way in the era of electrification, starting with a dedicated EV plant.β Hyundai has said that they plan to apply new manufacturing innovations at this new plant, which includes the use of robotics, smart logistics systems and artificial intelligence for efficiency, as well as a nature-friendly design, which encourages the health and well-being of factory workers. According to Hyundai, the new factory will maximize the use of natural light, and will also feature a "Central Park" that will double as a hub and a rest area for its workers. Additionally, solar panels and upcycled concrete will be used to minimize its carbon emissions. Hyundai Motor Co. Ioniq 5 electric vehicles at the company's Ulsan plant in Ulsan, South Korea SeongJoon Cho/Bloomberg via Getty Images The plant is the first new factory in its native South Korea in 29 years and will be instrumental in the Hyundai Motor Group's plan to launch 31 new EV models throughout its Hyundai, Kia and Genesis brands by 2030. The new EV factory will be part of the already massive Hyundai complex in Ulsan, South Korea, which is the company's, and the world's largest automotive manufacturing site. It's yearly capacity of 1.4 million vehicles sees 1.1 million of them destined for export via its own car-carrier port. But as some manufacturers like General Motors GM roll back their EV plans, Hyundai is blowing full steam ahead towards an electric future. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHereβs why EV experts are flaming Joe Bidenβs car policyThe EV industry is facing an unusual new problem The new plant in Ulsan will join Hyundai's $5.44 billion EV and battery plant currently under construction outside of Savannah, Ga. The plant, the largest in the state, will have an annual capacity of 300,000 units. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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Amidst a crowded field that includes juggernauts like Tesla TSLA and members of the old automotive guard like Detroit-based General Motors, Hyundai HYMLF is expanding its ability to be a major disruptor in the electric car market. Related: Tesla adds controversial clause to contract for Cybertruck buyers In a statement released today, the South Korean brand broke ground on a $1.5 billion plant dedicated to the production of EVs in its native country. The factory in the southeastern South Korea city of Ulsan will have an annual capacity of 200,000 vehicles and is part of the brand's shift from internal combustion engine (ICE) cars. Hyundai Motor Co. Ioniq 5 electric vehicles (EV) at the company's Ulsan plant in Ulsan, South Korea SeongJoon Cho/Bloomberg via Getty Images βThe new EV-dedicated Plant in Ulsan is the beginning of a promising future for the next 50 years and the era of electrification. I am honored to share our dream of a 100-year company here,β said Hyundai Motor Group's Executive Chair Euisun Chung. βJust as the dream of building the best car in the past made Ulsan an automotive city today, I trust Ulsan will be an innovative mobility city that leads the way in the era of electrification, starting with a dedicated EV plant.β Hyundai has said that they plan to apply new manufacturing innovations at this new plant, which includes the use of robotics, smart logistics systems and artificial intelligence for efficiency, as well as a nature-friendly design, which encourages the health and well-being of factory workers. According to Hyundai, the new factory will maximize the use of natural light, and will also feature a "Central Park" that will double as a hub and a rest area for its workers. Additionally, solar panels and upcycled concrete will be used to minimize its carbon emissions. Hyundai Motor Co. Ioniq 5 electric vehicles at the company's Ulsan plant in Ulsan, South Korea SeongJoon Cho/Bloomberg via Getty Images The plant is the first new factory in its native South Korea in 29 years and will be instrumental in the Hyundai Motor Group's plan to launch 31 new EV models throughout its Hyundai, Kia and Genesis brands by 2030. The new EV factory will be part of the already massive Hyundai complex in Ulsan, South Korea, which is the company's, and the world's largest automotive manufacturing site. It's yearly capacity of 1.4 million vehicles sees 1.1 million of them destined for export via its own car-carrier port. But as some manufacturers like General Motors GM roll back their EV plans, Hyundai is blowing full steam ahead towards an electric future. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHereβs why EV experts are flaming Joe Bidenβs car policyThe EV industry is facing an unusual new problem The new plant in Ulsan will join Hyundai's $5.44 billion EV and battery plant currently under construction outside of Savannah, Ga. The plant, the largest in the state, will have an annual capacity of 300,000 units. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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TheStreet
Hyundai made a huge step in becoming a electric vehicle heavyweight
The South Korean auto giant is making a major move in its native country.
*Adam Neumann finds a cushy landing spot as WeWork bankruptcy heads to court*
Usually when a billion dollar company declares bankruptcy it is a sad time for the founders of that company who put countless hours of blood, sweat and tears into building that dream. But WeWork WE isn't like most companies, and neither is former CEO and founder Adam Neumann, who seems to be living his best life in one of the world's most exclusive zip codes. The remote office rental company filed for Chapter 11 bankruptcy protection last week, listing assets of $15.06 billion and liabilities of $18.66 billion. It's been a steep fall for the company, which just a few years ago was the country's most-valuable startup with valuations above $47 billion. But unwinding such a large company isn't the problem of Neumann, who was ousted from his own company in 2019 after a disastrous attempted IPO amid intense scrutiny of his managerial style and penchant for expensive tastes. So naturally, he is living his best life in one of the most exclusive neighborhoods in the world: Bal Harbor in Miami Beach. Florida, Miami, Bal Harbour, Haulover Inlet with luxury condos and Ritz Carlton Hotel, Aerial. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images) Education Images/Getty Images In 2021, Neumann used some of his estimated $1.7 billion fortune β Neumann reportedly received a $1.7 billion golden parachute as part of his 2019 ouster β and purchased two plots of land in the area for $44 million in an "off-market deal" the New York Post reported. The two parcels of land span 50,000 square feet, where Neumann is building a 14,500 sq ft. mansion for his wife and their six children, as well as 360 feet of Miami waterfront that feature multiple slips in a marina. With his fortune and the buzz from his latest startup venture, Flow β a residential real estate company that last year got a $350 million investment from Andreessen Horowitz that values the company at $1 billion β Neumann has more than enough to purchase prime property wherever he likes. It's not a bad landing spot Neumann, who became fodder for conversations about executive excess β there are reports of three-story high waterslides, private-jet parties featuring drugs and drug trafficking, and dreams of achieving immortality β and even an Apple TV+ series called WeCrashed in the immediate aftermath of his ouster. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/real-estate/adam-neumann-finds-a-cushy-landing-spot-as-wework-bankruptcy-heads-to-court)
Usually when a billion dollar company declares bankruptcy it is a sad time for the founders of that company who put countless hours of blood, sweat and tears into building that dream. But WeWork WE isn't like most companies, and neither is former CEO and founder Adam Neumann, who seems to be living his best life in one of the world's most exclusive zip codes. The remote office rental company filed for Chapter 11 bankruptcy protection last week, listing assets of $15.06 billion and liabilities of $18.66 billion. It's been a steep fall for the company, which just a few years ago was the country's most-valuable startup with valuations above $47 billion. But unwinding such a large company isn't the problem of Neumann, who was ousted from his own company in 2019 after a disastrous attempted IPO amid intense scrutiny of his managerial style and penchant for expensive tastes. So naturally, he is living his best life in one of the most exclusive neighborhoods in the world: Bal Harbor in Miami Beach. Florida, Miami, Bal Harbour, Haulover Inlet with luxury condos and Ritz Carlton Hotel, Aerial. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images) Education Images/Getty Images In 2021, Neumann used some of his estimated $1.7 billion fortune β Neumann reportedly received a $1.7 billion golden parachute as part of his 2019 ouster β and purchased two plots of land in the area for $44 million in an "off-market deal" the New York Post reported. The two parcels of land span 50,000 square feet, where Neumann is building a 14,500 sq ft. mansion for his wife and their six children, as well as 360 feet of Miami waterfront that feature multiple slips in a marina. With his fortune and the buzz from his latest startup venture, Flow β a residential real estate company that last year got a $350 million investment from Andreessen Horowitz that values the company at $1 billion β Neumann has more than enough to purchase prime property wherever he likes. It's not a bad landing spot Neumann, who became fodder for conversations about executive excess β there are reports of three-story high waterslides, private-jet parties featuring drugs and drug trafficking, and dreams of achieving immortality β and even an Apple TV+ series called WeCrashed in the immediate aftermath of his ouster. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/real-estate/adam-neumann-finds-a-cushy-landing-spot-as-wework-bankruptcy-heads-to-court)
TheStreet
Adam Neumann finds a cushy landing spot as WeWork bankruptcy heads to court
Neumann, who reportedly received a nine-figure golden parachute following his ouster from WeWork, is investing heavily in South Florida real estate.
Adam Neumann finds a cushy landing spot as WeWork bankruptcy heads to court
Usually when a billion dollar company declares bankruptcy it is a sad time for the founders of that company who put countless hours of blood, sweat and tears into building that dream. But WeWork WE isn't like most companies, and neither is former CEO and founder Adam Neumann, who seems to be living his best life in one of the world's most exclusive zip codes. The remote office rental company filed for Chapter 11 bankruptcy protection last week, listing assets of $15.06 billion and liabilities of $18.66 billion. It's been a steep fall for the company, which just a few years ago was the country's most-valuable startup with valuations above $47 billion. But unwinding such a large company isn't the problem of Neumann, who was ousted from his own company in 2019 after a disastrous attempted IPO amid intense scrutiny of his managerial style and penchant for expensive tastes. So naturally, he is living his best life in one of the most exclusive neighborhoods in the world: Bal Harbor in Miami Beach. Florida, Miami, Bal Harbour, Haulover Inlet with luxury condos and Ritz Carlton Hotel, Aerial. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images) Education Images/Getty Images In 2021, Neumann used some of his estimated $1.7 billion fortune β Neumann reportedly received a $1.7 billion golden parachute as part of his 2019 ouster β and purchased two plots of land in the area for $44 million in an "off-market deal" the New York Post reported. The two parcels of land span 50,000 square feet, where Neumann is building a 14,500 sq ft. mansion for his wife and their six children, as well as 360 feet of Miami waterfront that feature multiple slips in a marina. With his fortune and the buzz from his latest startup venture, Flow β a residential real estate company that last year got a $350 million investment from Andreessen Horowitz that values the company at $1 billion β Neumann has more than enough to purchase prime property wherever he likes. It's not a bad landing spot Neumann, who became fodder for conversations about executive excess β there are reports of three-story high waterslides, private-jet parties featuring drugs and drug trafficking, and dreams of achieving immortality β and even an Apple TV+ series called WeCrashed in the immediate aftermath of his ouster. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
Read more...
Usually when a billion dollar company declares bankruptcy it is a sad time for the founders of that company who put countless hours of blood, sweat and tears into building that dream. But WeWork WE isn't like most companies, and neither is former CEO and founder Adam Neumann, who seems to be living his best life in one of the world's most exclusive zip codes. The remote office rental company filed for Chapter 11 bankruptcy protection last week, listing assets of $15.06 billion and liabilities of $18.66 billion. It's been a steep fall for the company, which just a few years ago was the country's most-valuable startup with valuations above $47 billion. But unwinding such a large company isn't the problem of Neumann, who was ousted from his own company in 2019 after a disastrous attempted IPO amid intense scrutiny of his managerial style and penchant for expensive tastes. So naturally, he is living his best life in one of the most exclusive neighborhoods in the world: Bal Harbor in Miami Beach. Florida, Miami, Bal Harbour, Haulover Inlet with luxury condos and Ritz Carlton Hotel, Aerial. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images) Education Images/Getty Images In 2021, Neumann used some of his estimated $1.7 billion fortune β Neumann reportedly received a $1.7 billion golden parachute as part of his 2019 ouster β and purchased two plots of land in the area for $44 million in an "off-market deal" the New York Post reported. The two parcels of land span 50,000 square feet, where Neumann is building a 14,500 sq ft. mansion for his wife and their six children, as well as 360 feet of Miami waterfront that feature multiple slips in a marina. With his fortune and the buzz from his latest startup venture, Flow β a residential real estate company that last year got a $350 million investment from Andreessen Horowitz that values the company at $1 billion β Neumann has more than enough to purchase prime property wherever he likes. It's not a bad landing spot Neumann, who became fodder for conversations about executive excess β there are reports of three-story high waterslides, private-jet parties featuring drugs and drug trafficking, and dreams of achieving immortality β and even an Apple TV+ series called WeCrashed in the immediate aftermath of his ouster. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
Read more...
TheStreet
Adam Neumann finds a cushy landing spot as WeWork bankruptcy heads to court
Neumann, who reportedly received a nine-figure golden parachute following his ouster from WeWork, is investing heavily in South Florida real estate.
*This is the single worst airport for your holiday travel*
While sitting at the gate without knowing the status of your flight is not pleasant during any time of the year, it is particularly annoying during the holidays. Many still remember the Holiday Fiasco of 2022 when a combination of bad weather and a breakdown of Southwest Airlines LUV's software system left hundreds of thousands of travelers stranded at airports across the country during the days of December 26 and 27. U.S. Transportation Secretary Pete Buttigieg even had to step in and push the airline to resolve the problem faster. Related: Southwest Airlines Explanation For Holiday Disruptions Is Underwhelming While the software breakdown was a crisis unforeseen by both travelers and the airline, some airports have higher rates of delays in general and during the holidays in particular. Travelers pass through Orlando International Airport. Shutterstock You are particularly likely to get stuck with a flight from these airports A new report looking at flight data from Nov. 18, 2022 to Jan. 4, 2023 by online gambling platform aGamble.com identified Chicago's Midway International Airport as the worst airport in the country for holiday travel last year. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The smaller airport closer to downtown Chicago than O'Hare had 1,138 flight delays and 2,022 cancelations between mid-November and January β 42.9% of the total flights that took off during that time period. Orlando International Airport was not far behind with 879 delays and 5,222 cancelations. As the airport is significantly busier than Midway, those numbers represent 42% of all flights that took off. "If you're departing from Chicago Midway International, hopefully it's to a warm destination because you'll need some fresh air after discovering that your flight has been canceled," write the study's authors.Here are some other bad (and good) airports for your holiday travel this year While last year's experiences may not necessarily be replicated during the 2023 holiday period, other airports to make the top five include Fort Lauderdale-Hollywood International in Florida, William P. Hobby in Houston and the Love Field Airport in Dallas β in general, secondary airports in larger cities tended to fare particularly badly when it comes to cancelations and delays. "The first airport on the list servicing strictly domestic flights, Houston's William P. Hobby Airport has experienced steady growth in passenger numbers since switching its focus to smooth internal travel," reads the report. "But there's room to improve on their new purpose: 41% of departures were canceled throughout the holiday season last year." Harry Reid International Airport in Las Vegas, Baltimore/Washington International Thurgood Marshall Airport and Tampa International Airport were some of the larger airports to land in the top ten. In the latter, 493 and 2,224 flights were respectively delayed and canceled. Delays are less common than cancelations because any delay long enough to make the data numbers usually leads to an eventual cancelation. While Newark Liberty International Airport tended to score badly when it comes to delays in other reports, this study placed it squarely in the middle β 3,866 delays and 477 cancelations put it at 32.9% of all holiday flights and 25th on the list. San Antonio International Airport, meanwhile, was at 38.2% of all flights taking off and 10th out of all the airports looked at in the report β better than many others but still in the top ten of the bad list.
[Read more...](https://www.thestreet.com/travel/what-is-the-busiest-airport-holiday-season)
While sitting at the gate without knowing the status of your flight is not pleasant during any time of the year, it is particularly annoying during the holidays. Many still remember the Holiday Fiasco of 2022 when a combination of bad weather and a breakdown of Southwest Airlines LUV's software system left hundreds of thousands of travelers stranded at airports across the country during the days of December 26 and 27. U.S. Transportation Secretary Pete Buttigieg even had to step in and push the airline to resolve the problem faster. Related: Southwest Airlines Explanation For Holiday Disruptions Is Underwhelming While the software breakdown was a crisis unforeseen by both travelers and the airline, some airports have higher rates of delays in general and during the holidays in particular. Travelers pass through Orlando International Airport. Shutterstock You are particularly likely to get stuck with a flight from these airports A new report looking at flight data from Nov. 18, 2022 to Jan. 4, 2023 by online gambling platform aGamble.com identified Chicago's Midway International Airport as the worst airport in the country for holiday travel last year. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The smaller airport closer to downtown Chicago than O'Hare had 1,138 flight delays and 2,022 cancelations between mid-November and January β 42.9% of the total flights that took off during that time period. Orlando International Airport was not far behind with 879 delays and 5,222 cancelations. As the airport is significantly busier than Midway, those numbers represent 42% of all flights that took off. "If you're departing from Chicago Midway International, hopefully it's to a warm destination because you'll need some fresh air after discovering that your flight has been canceled," write the study's authors.Here are some other bad (and good) airports for your holiday travel this year While last year's experiences may not necessarily be replicated during the 2023 holiday period, other airports to make the top five include Fort Lauderdale-Hollywood International in Florida, William P. Hobby in Houston and the Love Field Airport in Dallas β in general, secondary airports in larger cities tended to fare particularly badly when it comes to cancelations and delays. "The first airport on the list servicing strictly domestic flights, Houston's William P. Hobby Airport has experienced steady growth in passenger numbers since switching its focus to smooth internal travel," reads the report. "But there's room to improve on their new purpose: 41% of departures were canceled throughout the holiday season last year." Harry Reid International Airport in Las Vegas, Baltimore/Washington International Thurgood Marshall Airport and Tampa International Airport were some of the larger airports to land in the top ten. In the latter, 493 and 2,224 flights were respectively delayed and canceled. Delays are less common than cancelations because any delay long enough to make the data numbers usually leads to an eventual cancelation. While Newark Liberty International Airport tended to score badly when it comes to delays in other reports, this study placed it squarely in the middle β 3,866 delays and 477 cancelations put it at 32.9% of all holiday flights and 25th on the list. San Antonio International Airport, meanwhile, was at 38.2% of all flights taking off and 10th out of all the airports looked at in the report β better than many others but still in the top ten of the bad list.
[Read more...](https://www.thestreet.com/travel/what-is-the-busiest-airport-holiday-season)
TheStreet
This is the single worst airport for your holiday travel
Over 42.9% of flights from one airport faced delays or cancelations during last year's holiday period.
This is the single worst airport for your holiday travel
While sitting at the gate without knowing the status of your flight is not pleasant during any time of the year, it is particularly annoying during the holidays. Many still remember the Holiday Fiasco of 2022 when a combination of bad weather and a breakdown of Southwest Airlines LUV's software system left hundreds of thousands of travelers stranded at airports across the country during the days of December 26 and 27. U.S. Transportation Secretary Pete Buttigieg even had to step in and push the airline to resolve the problem faster. Related: Southwest Airlines Explanation For Holiday Disruptions Is Underwhelming While the software breakdown was a crisis unforeseen by both travelers and the airline, some airports have higher rates of delays in general and during the holidays in particular. Travelers pass through Orlando International Airport. Shutterstock You are particularly likely to get stuck with a flight from these airports A new report looking at flight data from Nov. 18, 2022 to Jan. 4, 2023 by online gambling platform aGamble.com identified Chicago's Midway International Airport as the worst airport in the country for holiday travel last year. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The smaller airport closer to downtown Chicago than O'Hare had 1,138 flight delays and 2,022 cancelations between mid-November and January β 42.9% of the total flights that took off during that time period. Orlando International Airport was not far behind with 879 delays and 5,222 cancelations. As the airport is significantly busier than Midway, those numbers represent 42% of all flights that took off. "If you're departing from Chicago Midway International, hopefully it's to a warm destination because you'll need some fresh air after discovering that your flight has been canceled," write the study's authors.Here are some other bad (and good) airports for your holiday travel this year While last year's experiences may not necessarily be replicated during the 2023 holiday period, other airports to make the top five include Fort Lauderdale-Hollywood International in Florida, William P. Hobby in Houston and the Love Field Airport in Dallas β in general, secondary airports in larger cities tended to fare particularly badly when it comes to cancelations and delays. "The first airport on the list servicing strictly domestic flights, Houston's William P. Hobby Airport has experienced steady growth in passenger numbers since switching its focus to smooth internal travel," reads the report. "But there's room to improve on their new purpose: 41% of departures were canceled throughout the holiday season last year." Harry Reid International Airport in Las Vegas, Baltimore/Washington International Thurgood Marshall Airport and Tampa International Airport were some of the larger airports to land in the top ten. In the latter, 493 and 2,224 flights were respectively delayed and canceled. Delays are less common than cancelations because any delay long enough to make the data numbers usually leads to an eventual cancelation. While Newark Liberty International Airport tended to score badly when it comes to delays in other reports, this study placed it squarely in the middle β 3,866 delays and 477 cancelations put it at 32.9% of all holiday flights and 25th on the list. San Antonio International Airport, meanwhile, was at 38.2% of all flights taking off and 10th out of all the airports looked at in the report β better than many others but still in the top ten of the bad list.
Read more...
While sitting at the gate without knowing the status of your flight is not pleasant during any time of the year, it is particularly annoying during the holidays. Many still remember the Holiday Fiasco of 2022 when a combination of bad weather and a breakdown of Southwest Airlines LUV's software system left hundreds of thousands of travelers stranded at airports across the country during the days of December 26 and 27. U.S. Transportation Secretary Pete Buttigieg even had to step in and push the airline to resolve the problem faster. Related: Southwest Airlines Explanation For Holiday Disruptions Is Underwhelming While the software breakdown was a crisis unforeseen by both travelers and the airline, some airports have higher rates of delays in general and during the holidays in particular. Travelers pass through Orlando International Airport. Shutterstock You are particularly likely to get stuck with a flight from these airports A new report looking at flight data from Nov. 18, 2022 to Jan. 4, 2023 by online gambling platform aGamble.com identified Chicago's Midway International Airport as the worst airport in the country for holiday travel last year. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The smaller airport closer to downtown Chicago than O'Hare had 1,138 flight delays and 2,022 cancelations between mid-November and January β 42.9% of the total flights that took off during that time period. Orlando International Airport was not far behind with 879 delays and 5,222 cancelations. As the airport is significantly busier than Midway, those numbers represent 42% of all flights that took off. "If you're departing from Chicago Midway International, hopefully it's to a warm destination because you'll need some fresh air after discovering that your flight has been canceled," write the study's authors.Here are some other bad (and good) airports for your holiday travel this year While last year's experiences may not necessarily be replicated during the 2023 holiday period, other airports to make the top five include Fort Lauderdale-Hollywood International in Florida, William P. Hobby in Houston and the Love Field Airport in Dallas β in general, secondary airports in larger cities tended to fare particularly badly when it comes to cancelations and delays. "The first airport on the list servicing strictly domestic flights, Houston's William P. Hobby Airport has experienced steady growth in passenger numbers since switching its focus to smooth internal travel," reads the report. "But there's room to improve on their new purpose: 41% of departures were canceled throughout the holiday season last year." Harry Reid International Airport in Las Vegas, Baltimore/Washington International Thurgood Marshall Airport and Tampa International Airport were some of the larger airports to land in the top ten. In the latter, 493 and 2,224 flights were respectively delayed and canceled. Delays are less common than cancelations because any delay long enough to make the data numbers usually leads to an eventual cancelation. While Newark Liberty International Airport tended to score badly when it comes to delays in other reports, this study placed it squarely in the middle β 3,866 delays and 477 cancelations put it at 32.9% of all holiday flights and 25th on the list. San Antonio International Airport, meanwhile, was at 38.2% of all flights taking off and 10th out of all the airports looked at in the report β better than many others but still in the top ten of the bad list.
Read more...
TheStreet
This is the single worst airport for your holiday travel
Over 42.9% of flights from one airport faced delays or cancelations during last year's holiday period.
*Hereβs why Black Friday appears to be starting earlier this year*
Shoppers are starting to see Black Friday discounts pop up early this holiday season, and they may start to encounter even more than usual with steeper price cuts. This is due to a plethora of retailers such as Target TGT, Walmart WMT, Ulta Beauty ULTA, Dollar General DG, etc., struggling with an excess amount of inventory for the second year in a row, according to an analysis from Reuters, spelling trouble for retailers and investors. As the result of most likely miscalculating consumer spending amid high inflation and interest rates, retailers are stuck with an overabundance of merchandise in their stock rooms which is skyrocketing retailer costs for transporting and storing goods. Inventory turnover ratios, which show the amount of times a company sold or used its merchandise, were analyzed in the data from LSEG Workspace which reviewed ratios from 30 retailers. Dollar General had the lowest ratio of them all at -1.9, which is behind the average 0.9 its peers had at the end of the second quarter this year. Walmart was found to significantly lag behind its peers. It had a ratio of -0.7 compared to the 2.1 ratio from other stores in the same industry. Also, Ulta Beauty had a ratio of -0.2, compared to the 0.8 ratio the storeβs competitors had. Related: Luxury executive indicates trouble in paradise that could spell problems for the economy It appears that retailers will face a continued struggle clearing out their inventories this holiday season as consumers are planning to spend even less for the holidays compared to last year. According to The Conference Boardβs new Holiday Spending Survey, consumers plan to spend an average of $985 on holiday items this year, which is less than the average of $1,006 in 2022. The survey also found that shoppers are also expected to slash their budgets for other holiday items that are not gift-related this year. $330 is the average amount consumers plan to spend on items this year, which is a 16% decline from $393 average in 2022. βOctoberβs Consumer Confidence Index suggests Americans are entering the holiday season in a somewhat cautious mood, with the overall, present situation, and expectations indexes all seeing dips,β said Dana Peterson, chief economist at The Conference Board, in the press release. The excess in stock can be beneficial for shoppers looking for steep deals on items. As retailers are struggling to sell their crowded inventories, deals and discounts are set to become more prevalent towards the end of the year to help drive up sales. In a new CNBC Supply Chain survey that questioned executives who manage freight manufacturing orders and transportation, 67% of retailers are moving more promotional, lower-cost items into stores for the holiday season, and 83% are planning to not move higher-priced items amid a growing concern in consumer spending cutbacks.
[Read more...](https://www.thestreet.com/retail/heres-why-black-friday-appears-to-be-starting-earlier-this-year)
Shoppers are starting to see Black Friday discounts pop up early this holiday season, and they may start to encounter even more than usual with steeper price cuts. This is due to a plethora of retailers such as Target TGT, Walmart WMT, Ulta Beauty ULTA, Dollar General DG, etc., struggling with an excess amount of inventory for the second year in a row, according to an analysis from Reuters, spelling trouble for retailers and investors. As the result of most likely miscalculating consumer spending amid high inflation and interest rates, retailers are stuck with an overabundance of merchandise in their stock rooms which is skyrocketing retailer costs for transporting and storing goods. Inventory turnover ratios, which show the amount of times a company sold or used its merchandise, were analyzed in the data from LSEG Workspace which reviewed ratios from 30 retailers. Dollar General had the lowest ratio of them all at -1.9, which is behind the average 0.9 its peers had at the end of the second quarter this year. Walmart was found to significantly lag behind its peers. It had a ratio of -0.7 compared to the 2.1 ratio from other stores in the same industry. Also, Ulta Beauty had a ratio of -0.2, compared to the 0.8 ratio the storeβs competitors had. Related: Luxury executive indicates trouble in paradise that could spell problems for the economy It appears that retailers will face a continued struggle clearing out their inventories this holiday season as consumers are planning to spend even less for the holidays compared to last year. According to The Conference Boardβs new Holiday Spending Survey, consumers plan to spend an average of $985 on holiday items this year, which is less than the average of $1,006 in 2022. The survey also found that shoppers are also expected to slash their budgets for other holiday items that are not gift-related this year. $330 is the average amount consumers plan to spend on items this year, which is a 16% decline from $393 average in 2022. βOctoberβs Consumer Confidence Index suggests Americans are entering the holiday season in a somewhat cautious mood, with the overall, present situation, and expectations indexes all seeing dips,β said Dana Peterson, chief economist at The Conference Board, in the press release. The excess in stock can be beneficial for shoppers looking for steep deals on items. As retailers are struggling to sell their crowded inventories, deals and discounts are set to become more prevalent towards the end of the year to help drive up sales. In a new CNBC Supply Chain survey that questioned executives who manage freight manufacturing orders and transportation, 67% of retailers are moving more promotional, lower-cost items into stores for the holiday season, and 83% are planning to not move higher-priced items amid a growing concern in consumer spending cutbacks.
[Read more...](https://www.thestreet.com/retail/heres-why-black-friday-appears-to-be-starting-earlier-this-year)
TheStreet
Hereβs why Black Friday appears to be starting earlier this year
Retailers are growing desperate amid a change in consumer behavior.
Hereβs why Black Friday appears to be starting earlier this year
Shoppers are starting to see Black Friday discounts pop up early this holiday season, and they may start to encounter even more than usual with steeper price cuts. This is due to a plethora of retailers such as Target TGT, Walmart WMT, Ulta Beauty ULTA, Dollar General DG, etc., struggling with an excess amount of inventory for the second year in a row, according to an analysis from Reuters, spelling trouble for retailers and investors. As the result of most likely miscalculating consumer spending amid high inflation and interest rates, retailers are stuck with an overabundance of merchandise in their stock rooms which is skyrocketing retailer costs for transporting and storing goods. Inventory turnover ratios, which show the amount of times a company sold or used its merchandise, were analyzed in the data from LSEG Workspace which reviewed ratios from 30 retailers. Dollar General had the lowest ratio of them all at -1.9, which is behind the average 0.9 its peers had at the end of the second quarter this year. Walmart was found to significantly lag behind its peers. It had a ratio of -0.7 compared to the 2.1 ratio from other stores in the same industry. Also, Ulta Beauty had a ratio of -0.2, compared to the 0.8 ratio the storeβs competitors had. Related: Luxury executive indicates trouble in paradise that could spell problems for the economy It appears that retailers will face a continued struggle clearing out their inventories this holiday season as consumers are planning to spend even less for the holidays compared to last year. According to The Conference Boardβs new Holiday Spending Survey, consumers plan to spend an average of $985 on holiday items this year, which is less than the average of $1,006 in 2022. The survey also found that shoppers are also expected to slash their budgets for other holiday items that are not gift-related this year. $330 is the average amount consumers plan to spend on items this year, which is a 16% decline from $393 average in 2022. βOctoberβs Consumer Confidence Index suggests Americans are entering the holiday season in a somewhat cautious mood, with the overall, present situation, and expectations indexes all seeing dips,β said Dana Peterson, chief economist at The Conference Board, in the press release. The excess in stock can be beneficial for shoppers looking for steep deals on items. As retailers are struggling to sell their crowded inventories, deals and discounts are set to become more prevalent towards the end of the year to help drive up sales. In a new CNBC Supply Chain survey that questioned executives who manage freight manufacturing orders and transportation, 67% of retailers are moving more promotional, lower-cost items into stores for the holiday season, and 83% are planning to not move higher-priced items amid a growing concern in consumer spending cutbacks.
Read more...
Shoppers are starting to see Black Friday discounts pop up early this holiday season, and they may start to encounter even more than usual with steeper price cuts. This is due to a plethora of retailers such as Target TGT, Walmart WMT, Ulta Beauty ULTA, Dollar General DG, etc., struggling with an excess amount of inventory for the second year in a row, according to an analysis from Reuters, spelling trouble for retailers and investors. As the result of most likely miscalculating consumer spending amid high inflation and interest rates, retailers are stuck with an overabundance of merchandise in their stock rooms which is skyrocketing retailer costs for transporting and storing goods. Inventory turnover ratios, which show the amount of times a company sold or used its merchandise, were analyzed in the data from LSEG Workspace which reviewed ratios from 30 retailers. Dollar General had the lowest ratio of them all at -1.9, which is behind the average 0.9 its peers had at the end of the second quarter this year. Walmart was found to significantly lag behind its peers. It had a ratio of -0.7 compared to the 2.1 ratio from other stores in the same industry. Also, Ulta Beauty had a ratio of -0.2, compared to the 0.8 ratio the storeβs competitors had. Related: Luxury executive indicates trouble in paradise that could spell problems for the economy It appears that retailers will face a continued struggle clearing out their inventories this holiday season as consumers are planning to spend even less for the holidays compared to last year. According to The Conference Boardβs new Holiday Spending Survey, consumers plan to spend an average of $985 on holiday items this year, which is less than the average of $1,006 in 2022. The survey also found that shoppers are also expected to slash their budgets for other holiday items that are not gift-related this year. $330 is the average amount consumers plan to spend on items this year, which is a 16% decline from $393 average in 2022. βOctoberβs Consumer Confidence Index suggests Americans are entering the holiday season in a somewhat cautious mood, with the overall, present situation, and expectations indexes all seeing dips,β said Dana Peterson, chief economist at The Conference Board, in the press release. The excess in stock can be beneficial for shoppers looking for steep deals on items. As retailers are struggling to sell their crowded inventories, deals and discounts are set to become more prevalent towards the end of the year to help drive up sales. In a new CNBC Supply Chain survey that questioned executives who manage freight manufacturing orders and transportation, 67% of retailers are moving more promotional, lower-cost items into stores for the holiday season, and 83% are planning to not move higher-priced items amid a growing concern in consumer spending cutbacks.
Read more...
TheStreet
Hereβs why Black Friday appears to be starting earlier this year
Retailers are growing desperate amid a change in consumer behavior.
*This new Cadillac Christmas experience will set you back nearly $1 million*
One of the hallmarks of Christmastime and the holiday season is the presence of classic Christmas songs that sing about all aspects of the season from the weather to the gifts. One well-known tune is Eartha Kitt's 1953 Christmas song "Santa Baby," a sung wish list of extravagant gifts that includes one particular present that car enthusiasts and the most discerning gift recipients know by heart. "A 54' convertible, too. Light Blue." According to contributor nicole13 at online music encyclopedia Genius, the convertible in question is a Cadillac Series 62; a testament of American luxury of the period. Related: Fraudster parked in jail after $150 million car scheme Though a 54' convertible might be a peculiar gift today, Cadillac is offering a chance to be your own present-day "Santa Baby." As part of Neiman Marcus' annual "Fantasy Gifts" section of its annual holiday catalog, the department store and the General Motors GM luxury brand is offering a holiday package for deep-pocketed luxury buyers. For the tune of $975,000, you can have a "one-of-one" Cadillac Carmen Celestiq, a futuristic electric sedan featuring a beautiful blue finish and a whole suite of appointments. View the original article to see embedded media. Inside, a pillar-to-pillar 55-inch-diagonal display dominates the dashboard and a smart glass panoramic sunroof is the highlight up top, while all four passengers can enjoy the comfort of an individualized four-zone microclimate control system. Additionally, the car has 600 horsepower from a dual-motor all-wheel-drive setup and features Cadillac's Super Cruise for hands-free driving. But for your $975,000, you get much more than just the car. The recipient and a guest will take part in a two-day trip to the Motor City to get the whole Cadillac experience. Guests will watch the car being hand built at Cadillac's Artisan Center, take part in a VIP tour of the Cadillac House design studio and meet with Cadillac designers. Michael Simcoe, General Motors VP of Global Design and Lenny Kravitz with the Cadillac Celestiq FREDERIC J. BROWN/Getty Images Additionally, guests will take part in a private tour of a "notable Detroit landmark institution" with a docent or historian, a multi-course dinner from a "renowned Detroit chef" and a stay at a luxury boutique hotel in downtown Detroit or the metro Detroit area. The $975,000 purchase price includes a $25,000 donation to the Detroit Opera House; the "Carmen" name gets its inspiration from the titular Georges Bizet opera. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHereβs why EV experts are flaming Joe Bidenβs car policyThe EV industry is facing an unusual new problem This is not the first time Neiman Marcus paired offered a car "experience" as part of its expansive Christmas catalog. The Dallas-based department store, which has offered everything from black angus cattle, camels, and a $6.7 million helicopter previously offered a "James Bond" experience featuring a Aston Martin DBS Superleggera customized by actor Daniel Craig, an Omega Seamaster and tickets to the premiere of "No Time to Die" in 2019. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/automotive/neiman-marcus-cadillac-christmas-experience-nearly-1-million)
One of the hallmarks of Christmastime and the holiday season is the presence of classic Christmas songs that sing about all aspects of the season from the weather to the gifts. One well-known tune is Eartha Kitt's 1953 Christmas song "Santa Baby," a sung wish list of extravagant gifts that includes one particular present that car enthusiasts and the most discerning gift recipients know by heart. "A 54' convertible, too. Light Blue." According to contributor nicole13 at online music encyclopedia Genius, the convertible in question is a Cadillac Series 62; a testament of American luxury of the period. Related: Fraudster parked in jail after $150 million car scheme Though a 54' convertible might be a peculiar gift today, Cadillac is offering a chance to be your own present-day "Santa Baby." As part of Neiman Marcus' annual "Fantasy Gifts" section of its annual holiday catalog, the department store and the General Motors GM luxury brand is offering a holiday package for deep-pocketed luxury buyers. For the tune of $975,000, you can have a "one-of-one" Cadillac Carmen Celestiq, a futuristic electric sedan featuring a beautiful blue finish and a whole suite of appointments. View the original article to see embedded media. Inside, a pillar-to-pillar 55-inch-diagonal display dominates the dashboard and a smart glass panoramic sunroof is the highlight up top, while all four passengers can enjoy the comfort of an individualized four-zone microclimate control system. Additionally, the car has 600 horsepower from a dual-motor all-wheel-drive setup and features Cadillac's Super Cruise for hands-free driving. But for your $975,000, you get much more than just the car. The recipient and a guest will take part in a two-day trip to the Motor City to get the whole Cadillac experience. Guests will watch the car being hand built at Cadillac's Artisan Center, take part in a VIP tour of the Cadillac House design studio and meet with Cadillac designers. Michael Simcoe, General Motors VP of Global Design and Lenny Kravitz with the Cadillac Celestiq FREDERIC J. BROWN/Getty Images Additionally, guests will take part in a private tour of a "notable Detroit landmark institution" with a docent or historian, a multi-course dinner from a "renowned Detroit chef" and a stay at a luxury boutique hotel in downtown Detroit or the metro Detroit area. The $975,000 purchase price includes a $25,000 donation to the Detroit Opera House; the "Carmen" name gets its inspiration from the titular Georges Bizet opera. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHereβs why EV experts are flaming Joe Bidenβs car policyThe EV industry is facing an unusual new problem This is not the first time Neiman Marcus paired offered a car "experience" as part of its expansive Christmas catalog. The Dallas-based department store, which has offered everything from black angus cattle, camels, and a $6.7 million helicopter previously offered a "James Bond" experience featuring a Aston Martin DBS Superleggera customized by actor Daniel Craig, an Omega Seamaster and tickets to the premiere of "No Time to Die" in 2019. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/automotive/neiman-marcus-cadillac-christmas-experience-nearly-1-million)
TheStreet
This new Cadillac Christmas experience will set you back nearly $1 million
The near-seven figure price offers much more than just a swanky new Caddy.
This new Cadillac Christmas experience will set you back nearly $1 million
One of the hallmarks of Christmastime and the holiday season is the presence of classic Christmas songs that sing about all aspects of the season from the weather to the gifts. One well-known tune is Eartha Kitt's 1953 Christmas song "Santa Baby," a sung wish list of extravagant gifts that includes one particular present that car enthusiasts and the most discerning gift recipients know by heart. "A 54' convertible, too. Light Blue." According to contributor nicole13 at online music encyclopedia Genius, the convertible in question is a Cadillac Series 62; a testament of American luxury of the period. Related: Fraudster parked in jail after $150 million car scheme Though a 54' convertible might be a peculiar gift today, Cadillac is offering a chance to be your own present-day "Santa Baby." As part of Neiman Marcus' annual "Fantasy Gifts" section of its annual holiday catalog, the department store and the General Motors GM luxury brand is offering a holiday package for deep-pocketed luxury buyers. For the tune of $975,000, you can have a "one-of-one" Cadillac Carmen Celestiq, a futuristic electric sedan featuring a beautiful blue finish and a whole suite of appointments. View the original article to see embedded media. Inside, a pillar-to-pillar 55-inch-diagonal display dominates the dashboard and a smart glass panoramic sunroof is the highlight up top, while all four passengers can enjoy the comfort of an individualized four-zone microclimate control system. Additionally, the car has 600 horsepower from a dual-motor all-wheel-drive setup and features Cadillac's Super Cruise for hands-free driving. But for your $975,000, you get much more than just the car. The recipient and a guest will take part in a two-day trip to the Motor City to get the whole Cadillac experience. Guests will watch the car being hand built at Cadillac's Artisan Center, take part in a VIP tour of the Cadillac House design studio and meet with Cadillac designers. Michael Simcoe, General Motors VP of Global Design and Lenny Kravitz with the Cadillac Celestiq FREDERIC J. BROWN/Getty Images Additionally, guests will take part in a private tour of a "notable Detroit landmark institution" with a docent or historian, a multi-course dinner from a "renowned Detroit chef" and a stay at a luxury boutique hotel in downtown Detroit or the metro Detroit area. The $975,000 purchase price includes a $25,000 donation to the Detroit Opera House; the "Carmen" name gets its inspiration from the titular Georges Bizet opera. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHereβs why EV experts are flaming Joe Bidenβs car policyThe EV industry is facing an unusual new problem This is not the first time Neiman Marcus paired offered a car "experience" as part of its expansive Christmas catalog. The Dallas-based department store, which has offered everything from black angus cattle, camels, and a $6.7 million helicopter previously offered a "James Bond" experience featuring a Aston Martin DBS Superleggera customized by actor Daniel Craig, an Omega Seamaster and tickets to the premiere of "No Time to Die" in 2019. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
One of the hallmarks of Christmastime and the holiday season is the presence of classic Christmas songs that sing about all aspects of the season from the weather to the gifts. One well-known tune is Eartha Kitt's 1953 Christmas song "Santa Baby," a sung wish list of extravagant gifts that includes one particular present that car enthusiasts and the most discerning gift recipients know by heart. "A 54' convertible, too. Light Blue." According to contributor nicole13 at online music encyclopedia Genius, the convertible in question is a Cadillac Series 62; a testament of American luxury of the period. Related: Fraudster parked in jail after $150 million car scheme Though a 54' convertible might be a peculiar gift today, Cadillac is offering a chance to be your own present-day "Santa Baby." As part of Neiman Marcus' annual "Fantasy Gifts" section of its annual holiday catalog, the department store and the General Motors GM luxury brand is offering a holiday package for deep-pocketed luxury buyers. For the tune of $975,000, you can have a "one-of-one" Cadillac Carmen Celestiq, a futuristic electric sedan featuring a beautiful blue finish and a whole suite of appointments. View the original article to see embedded media. Inside, a pillar-to-pillar 55-inch-diagonal display dominates the dashboard and a smart glass panoramic sunroof is the highlight up top, while all four passengers can enjoy the comfort of an individualized four-zone microclimate control system. Additionally, the car has 600 horsepower from a dual-motor all-wheel-drive setup and features Cadillac's Super Cruise for hands-free driving. But for your $975,000, you get much more than just the car. The recipient and a guest will take part in a two-day trip to the Motor City to get the whole Cadillac experience. Guests will watch the car being hand built at Cadillac's Artisan Center, take part in a VIP tour of the Cadillac House design studio and meet with Cadillac designers. Michael Simcoe, General Motors VP of Global Design and Lenny Kravitz with the Cadillac Celestiq FREDERIC J. BROWN/Getty Images Additionally, guests will take part in a private tour of a "notable Detroit landmark institution" with a docent or historian, a multi-course dinner from a "renowned Detroit chef" and a stay at a luxury boutique hotel in downtown Detroit or the metro Detroit area. The $975,000 purchase price includes a $25,000 donation to the Detroit Opera House; the "Carmen" name gets its inspiration from the titular Georges Bizet opera. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHereβs why EV experts are flaming Joe Bidenβs car policyThe EV industry is facing an unusual new problem This is not the first time Neiman Marcus paired offered a car "experience" as part of its expansive Christmas catalog. The Dallas-based department store, which has offered everything from black angus cattle, camels, and a $6.7 million helicopter previously offered a "James Bond" experience featuring a Aston Martin DBS Superleggera customized by actor Daniel Craig, an Omega Seamaster and tickets to the premiere of "No Time to Die" in 2019. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
This new Cadillac Christmas experience will set you back nearly $1 million
The near-seven figure price offers much more than just a swanky new Caddy.
*ΠΠΠ‘Π’ Π *
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Forma-Odezhda
ΠΠΠ‘Π’ Π 12.4.189-99 Π‘ΠΠΠΠ ΠΠ°ΡΠΊΠΈ
Π£Π·Π½Π°ΠΉΡΠ΅ ΠΎ ΠΠΠ‘Π’ Π 12.4.189-99 Π‘ΠΠΠΠ ΠΠ°ΡΠΊΠΈ Π² ΡΠ½ΡΠΈΠΊΠ»ΠΎΠΏΠ΅Π΄ΠΈΠΈ ΠΌΠ°Π³Π°Π·ΠΈΠ½Π° Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ.
ΠΠΠ‘Π’ Π
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Forma-Odezhda
ΠΠΠ‘Π’ Π 12.4.189-99 Π‘ΠΠΠΠ ΠΠ°ΡΠΊΠΈ
Π£Π·Π½Π°ΠΉΡΠ΅ ΠΎ ΠΠΠ‘Π’ Π 12.4.189-99 Π‘ΠΠΠΠ ΠΠ°ΡΠΊΠΈ Π² ΡΠ½ΡΠΈΠΊΠ»ΠΎΠΏΠ΅Π΄ΠΈΠΈ ΠΌΠ°Π³Π°Π·ΠΈΠ½Π° Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ.
*Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ*
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Forma-Odezhda
Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ - ΠΌΠ°Π³Π°Π·ΠΈΠ½ ΡΠΎΡΠΌΠ΅Π½Π½ΠΎΠΉ ΠΎΠ΄Π΅ΠΆΠ΄Ρ ΠΏΠΎΠ»ΠΈΡΠΈΠΈ, ΠΠ§Π‘, ΠΠΠ
ΠΠΎΠ΅Π½ΡΠΎΡΠ³ Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ - ΡΡΡΠ°Π²Π½Π°Ρ ΡΠΎΡΠΌΠ°, ΠΊΠ°ΠΌΡΡΠ»ΡΠΆ, Π²ΠΎΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π°, Π²ΠΎΠ΅Π½ΡΠΎΡΠ³ΠΈ ΠΌΠΎΡΠΊΠ²Ρ, Π°ΡΠΌΠ΅ΠΉΡΠΊΠΈΠΉ ΠΌΠ°Π³Π°Π·ΠΈΠ½, Π²ΠΎΠ΅Π½Π½ΡΠΉ ΠΌΠ°Π³Π°Π·ΠΈΠ½, ΡΠΎΡΠΌΠ° ΠΏΠΎΠ»ΠΈΡΠΈΠΈ, ΡΠΎΡΠΌΠ° ΠΠ§Π‘
Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ
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Forma-Odezhda
Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ - ΠΌΠ°Π³Π°Π·ΠΈΠ½ ΡΠΎΡΠΌΠ΅Π½Π½ΠΎΠΉ ΠΎΠ΄Π΅ΠΆΠ΄Ρ ΠΏΠΎΠ»ΠΈΡΠΈΠΈ, ΠΠ§Π‘, ΠΠΠ
ΠΠΎΠ΅Π½ΡΠΎΡΠ³ Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ - ΡΡΡΠ°Π²Π½Π°Ρ ΡΠΎΡΠΌΠ°, ΠΊΠ°ΠΌΡΡΠ»ΡΠΆ, Π²ΠΎΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π°, Π²ΠΎΠ΅Π½ΡΠΎΡΠ³ΠΈ ΠΌΠΎΡΠΊΠ²Ρ, Π°ΡΠΌΠ΅ΠΉΡΠΊΠΈΠΉ ΠΌΠ°Π³Π°Π·ΠΈΠ½, Π²ΠΎΠ΅Π½Π½ΡΠΉ ΠΌΠ°Π³Π°Π·ΠΈΠ½, ΡΠΎΡΠΌΠ° ΠΏΠΎΠ»ΠΈΡΠΈΠΈ, ΡΠΎΡΠΌΠ° ΠΠ§Π‘
*Π€ΠΎΡΠΌΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π° ΠΠΠ‘*
1 Π°Π²Π³ΡΡΡΠ° 2015 Π³ΠΎΠ΄Π° Π±ΡΠ» ΡΠΎΠ·Π΄Π°Π½ Π½ΠΎΠ²ΡΠΉ ΡΠΎΠ΄ Π²ΠΎΠΉΡΠΊ, ΠΊΠΎΡΠΎΡΡΠΉ ΠΏΠΎΠ»ΡΡΠΈΠ» Π½Π°Π·Π²Π°Π½ΠΈΠ΅ Π²ΠΎΠ·Π΄ΡΡΠ½ΠΎ-ΠΊΠΎΡΠΌΠΈΡΠ΅ΡΠΊΠΈΠ΅ ΡΠΈΠ»Ρ, Π΄Π»Ρ ΡΡΠΎΠ³ΠΎ Π±ΡΠ»ΠΈ ΠΎΠ±ΡΠ΅Π΄ΠΈΠ½Π΅Π½Ρ Π²ΠΎΠ΅Π½Π½ΠΎ-Π²ΠΎΠ·Π΄ΡΡΠ½ΡΠ΅ ΡΠΈΠ»Ρ ΠΈ Π²ΠΎΠΉΡΠΊΠ°...via forma full 5 https://ift.tt/wqe2sLK Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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1 Π°Π²Π³ΡΡΡΠ° 2015 Π³ΠΎΠ΄Π° Π±ΡΠ» ΡΠΎΠ·Π΄Π°Π½ Π½ΠΎΠ²ΡΠΉ ΡΠΎΠ΄ Π²ΠΎΠΉΡΠΊ, ΠΊΠΎΡΠΎΡΡΠΉ ΠΏΠΎΠ»ΡΡΠΈΠ» Π½Π°Π·Π²Π°Π½ΠΈΠ΅ Π²ΠΎΠ·Π΄ΡΡΠ½ΠΎ-ΠΊΠΎΡΠΌΠΈΡΠ΅ΡΠΊΠΈΠ΅ ΡΠΈΠ»Ρ, Π΄Π»Ρ ΡΡΠΎΠ³ΠΎ Π±ΡΠ»ΠΈ ΠΎΠ±ΡΠ΅Π΄ΠΈΠ½Π΅Π½Ρ Π²ΠΎΠ΅Π½Π½ΠΎ-Π²ΠΎΠ·Π΄ΡΡΠ½ΡΠ΅ ΡΠΈΠ»Ρ ΠΈ Π²ΠΎΠΉΡΠΊΠ°...via forma full 5 https://ift.tt/wqe2sLK Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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Forma-Odezhda
Π€ΠΎΡΠΌΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π° ΠΠΠ‘
Π£Π·Π½Π°ΠΉΡΠ΅ ΠΎ Π€ΠΎΡΠΌΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π° ΠΠΠ‘ Π² ΡΠ½ΡΠΈΠΊΠ»ΠΎΠΏΠ΅Π΄ΠΈΠΈ ΠΌΠ°Π³Π°Π·ΠΈΠ½Π° Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ.
Π€ΠΎΡΠΌΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π° ΠΠΠ‘
1 Π°Π²Π³ΡΡΡΠ° 2015 Π³ΠΎΠ΄Π° Π±ΡΠ» ΡΠΎΠ·Π΄Π°Π½ Π½ΠΎΠ²ΡΠΉ ΡΠΎΠ΄ Π²ΠΎΠΉΡΠΊ, ΠΊΠΎΡΠΎΡΡΠΉ ΠΏΠΎΠ»ΡΡΠΈΠ» Π½Π°Π·Π²Π°Π½ΠΈΠ΅ Π²ΠΎΠ·Π΄ΡΡΠ½ΠΎ-ΠΊΠΎΡΠΌΠΈΡΠ΅ΡΠΊΠΈΠ΅ ΡΠΈΠ»Ρ, Π΄Π»Ρ ΡΡΠΎΠ³ΠΎ Π±ΡΠ»ΠΈ ΠΎΠ±ΡΠ΅Π΄ΠΈΠ½Π΅Π½Ρ Π²ΠΎΠ΅Π½Π½ΠΎ-Π²ΠΎΠ·Π΄ΡΡΠ½ΡΠ΅ ΡΠΈΠ»Ρ ΠΈ Π²ΠΎΠΉΡΠΊΠ°...via forma full 5 https://ift.tt/wqe2sLK Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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1 Π°Π²Π³ΡΡΡΠ° 2015 Π³ΠΎΠ΄Π° Π±ΡΠ» ΡΠΎΠ·Π΄Π°Π½ Π½ΠΎΠ²ΡΠΉ ΡΠΎΠ΄ Π²ΠΎΠΉΡΠΊ, ΠΊΠΎΡΠΎΡΡΠΉ ΠΏΠΎΠ»ΡΡΠΈΠ» Π½Π°Π·Π²Π°Π½ΠΈΠ΅ Π²ΠΎΠ·Π΄ΡΡΠ½ΠΎ-ΠΊΠΎΡΠΌΠΈΡΠ΅ΡΠΊΠΈΠ΅ ΡΠΈΠ»Ρ, Π΄Π»Ρ ΡΡΠΎΠ³ΠΎ Π±ΡΠ»ΠΈ ΠΎΠ±ΡΠ΅Π΄ΠΈΠ½Π΅Π½Ρ Π²ΠΎΠ΅Π½Π½ΠΎ-Π²ΠΎΠ·Π΄ΡΡΠ½ΡΠ΅ ΡΠΈΠ»Ρ ΠΈ Π²ΠΎΠΉΡΠΊΠ°...via forma full 5 https://ift.tt/wqe2sLK Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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Forma-Odezhda
Π€ΠΎΡΠΌΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π° ΠΠΠ‘
Π£Π·Π½Π°ΠΉΡΠ΅ ΠΎ Π€ΠΎΡΠΌΠ΅Π½Π½Π°Ρ ΠΎΠ΄Π΅ΠΆΠ΄Π° ΠΠΠ‘ Π² ΡΠ½ΡΠΈΠΊΠ»ΠΎΠΏΠ΅Π΄ΠΈΠΈ ΠΌΠ°Π³Π°Π·ΠΈΠ½Π° Π€ΠΎΡΠΌΠ° ΠΎΠ΄Π΅ΠΆΠ΄Ρ.