*Women's sports will achieve a billion-dollar milestone in 2024, a major firm predicts*
2024 is going to be a record-breaking year for women's sports, at least according to a prediction by business consulting firm Deloitte. The company released studies predicting the future of several different topics including AI, telecom, and media, and one of their predictions indicated is that it expects women's elite sports to generate about $1.28 billion in revenue in 2024. That projection is at least 300% higher than what the firm had originally projected for women's sports when they wrote about the topic in 2021. Related: Saudi PIF could further diversify sports investments through these two growing sports leagues The sports that are expected to drive revenue are football and basketball, which will amount for about 71% of total revenue. Leagues and competitions like the FIFA Women's World Cup, Ladies Professional Golf Association (LPGA) Tour, and Women's Tennis Association (WTA) tour are expected to account for about one-third of the total revenue. Deloitte's forecast shows that the 55% will be driven by commercial revenue — which includes sponsorships for teams, leagues, competition, and athletes. It forecasts the renewal of sponsorships to increase similar to the deal between Barclays and the Women's Super League, the top English soccer league, which doubled to $37 million when it was renewed starting in 2022. The firm also predicts that several companies may start to their budgets to women's sports due to its fast growth, similar to what fintech company Ally Financial did when it pledged to spend an equal paid media across men's and women's sports by 2027. Broadcast is the second expected driver of the billion-dollar revenue milestone. Overall sports are in the midst of finding a medium between the reach and accessibility of free broadcasting versus pay TV or direct-to-consumer services. Women's sports is no exception, but there is still an expectation that upcoming broadcasting rights renewals will increase. One example in 2024 is the NCAA March Madness women's tournament. After the craze surrounding Iowa's Caitlin Clark and LSU's Angel Reese that saw the championship game average nearly 10 million viewers, the tournament is expected to be around $100 million, according to a report by Front Office Sports. This would be nearly three times of its current deal, and that's considering that the tournament is currently tied together with 29 other women's sports championships.Related: Pablo Torre is upending the norms of sports media — and his parents — with his new show The firm also said that the investment in women's sports teams should continue to grow which could drive up the valuation of some teams to over $100 million. Sports franchises across the board have seen values increase quickly, and there looks to be investor appetite in women's sports. Some examples include the recently announced WNBA expansion team in San Francisco which will be under the same ownership group as the NBA's Golden State Warriors. Deloitte's study concludes by providing recommendations for the sporting world at large on how to continue to capitalize on the growth of the league. These recommendations include developing women's elite sport as "distinct from men's elite sport," further developing the pipeline of talent of women at a young age, and for the media to continue to build the profile of female athletes. Want to turbocharge your portfolio? Learn from the investing legends and get actionable insights. Start your Real Money Pro membership today.
[Read more...](https://www.thestreet.com/sports/billion-dollar-2024-womens-sports-deloitte-prediction)
2024 is going to be a record-breaking year for women's sports, at least according to a prediction by business consulting firm Deloitte. The company released studies predicting the future of several different topics including AI, telecom, and media, and one of their predictions indicated is that it expects women's elite sports to generate about $1.28 billion in revenue in 2024. That projection is at least 300% higher than what the firm had originally projected for women's sports when they wrote about the topic in 2021. Related: Saudi PIF could further diversify sports investments through these two growing sports leagues The sports that are expected to drive revenue are football and basketball, which will amount for about 71% of total revenue. Leagues and competitions like the FIFA Women's World Cup, Ladies Professional Golf Association (LPGA) Tour, and Women's Tennis Association (WTA) tour are expected to account for about one-third of the total revenue. Deloitte's forecast shows that the 55% will be driven by commercial revenue — which includes sponsorships for teams, leagues, competition, and athletes. It forecasts the renewal of sponsorships to increase similar to the deal between Barclays and the Women's Super League, the top English soccer league, which doubled to $37 million when it was renewed starting in 2022. The firm also predicts that several companies may start to their budgets to women's sports due to its fast growth, similar to what fintech company Ally Financial did when it pledged to spend an equal paid media across men's and women's sports by 2027. Broadcast is the second expected driver of the billion-dollar revenue milestone. Overall sports are in the midst of finding a medium between the reach and accessibility of free broadcasting versus pay TV or direct-to-consumer services. Women's sports is no exception, but there is still an expectation that upcoming broadcasting rights renewals will increase. One example in 2024 is the NCAA March Madness women's tournament. After the craze surrounding Iowa's Caitlin Clark and LSU's Angel Reese that saw the championship game average nearly 10 million viewers, the tournament is expected to be around $100 million, according to a report by Front Office Sports. This would be nearly three times of its current deal, and that's considering that the tournament is currently tied together with 29 other women's sports championships.Related: Pablo Torre is upending the norms of sports media — and his parents — with his new show The firm also said that the investment in women's sports teams should continue to grow which could drive up the valuation of some teams to over $100 million. Sports franchises across the board have seen values increase quickly, and there looks to be investor appetite in women's sports. Some examples include the recently announced WNBA expansion team in San Francisco which will be under the same ownership group as the NBA's Golden State Warriors. Deloitte's study concludes by providing recommendations for the sporting world at large on how to continue to capitalize on the growth of the league. These recommendations include developing women's elite sport as "distinct from men's elite sport," further developing the pipeline of talent of women at a young age, and for the media to continue to build the profile of female athletes. Want to turbocharge your portfolio? Learn from the investing legends and get actionable insights. Start your Real Money Pro membership today.
[Read more...](https://www.thestreet.com/sports/billion-dollar-2024-womens-sports-deloitte-prediction)
TheStreet
An incredible billion-dollar milestone is looming in 2024 for sports, a major firm predicts
Deloitte says the prediction is at least 300% higher than what it had thought in 2021.
Women's sports will achieve a billion-dollar milestone in 2024, a major firm predicts
2024 is going to be a record-breaking year for women's sports, at least according to a prediction by business consulting firm Deloitte. The company released studies predicting the future of several different topics including AI, telecom, and media, and one of their predictions indicated is that it expects women's elite sports to generate about $1.28 billion in revenue in 2024. That projection is at least 300% higher than what the firm had originally projected for women's sports when they wrote about the topic in 2021. Related: Saudi PIF could further diversify sports investments through these two growing sports leagues The sports that are expected to drive revenue are football and basketball, which will amount for about 71% of total revenue. Leagues and competitions like the FIFA Women's World Cup, Ladies Professional Golf Association (LPGA) Tour, and Women's Tennis Association (WTA) tour are expected to account for about one-third of the total revenue. Deloitte's forecast shows that the 55% will be driven by commercial revenue — which includes sponsorships for teams, leagues, competition, and athletes. It forecasts the renewal of sponsorships to increase similar to the deal between Barclays and the Women's Super League, the top English soccer league, which doubled to $37 million when it was renewed starting in 2022. The firm also predicts that several companies may start to their budgets to women's sports due to its fast growth, similar to what fintech company Ally Financial did when it pledged to spend an equal paid media across men's and women's sports by 2027. Broadcast is the second expected driver of the billion-dollar revenue milestone. Overall sports are in the midst of finding a medium between the reach and accessibility of free broadcasting versus pay TV or direct-to-consumer services. Women's sports is no exception, but there is still an expectation that upcoming broadcasting rights renewals will increase. One example in 2024 is the NCAA March Madness women's tournament. After the craze surrounding Iowa's Caitlin Clark and LSU's Angel Reese that saw the championship game average nearly 10 million viewers, the tournament is expected to be around $100 million, according to a report by Front Office Sports. This would be nearly three times of its current deal, and that's considering that the tournament is currently tied together with 29 other women's sports championships.Related: Pablo Torre is upending the norms of sports media — and his parents — with his new show The firm also said that the investment in women's sports teams should continue to grow which could drive up the valuation of some teams to over $100 million. Sports franchises across the board have seen values increase quickly, and there looks to be investor appetite in women's sports. Some examples include the recently announced WNBA expansion team in San Francisco which will be under the same ownership group as the NBA's Golden State Warriors. Deloitte's study concludes by providing recommendations for the sporting world at large on how to continue to capitalize on the growth of the league. These recommendations include developing women's elite sport as "distinct from men's elite sport," further developing the pipeline of talent of women at a young age, and for the media to continue to build the profile of female athletes. Want to turbocharge your portfolio? Learn from the investing legends and get actionable insights. Start your Real Money Pro membership today.
Read more...
2024 is going to be a record-breaking year for women's sports, at least according to a prediction by business consulting firm Deloitte. The company released studies predicting the future of several different topics including AI, telecom, and media, and one of their predictions indicated is that it expects women's elite sports to generate about $1.28 billion in revenue in 2024. That projection is at least 300% higher than what the firm had originally projected for women's sports when they wrote about the topic in 2021. Related: Saudi PIF could further diversify sports investments through these two growing sports leagues The sports that are expected to drive revenue are football and basketball, which will amount for about 71% of total revenue. Leagues and competitions like the FIFA Women's World Cup, Ladies Professional Golf Association (LPGA) Tour, and Women's Tennis Association (WTA) tour are expected to account for about one-third of the total revenue. Deloitte's forecast shows that the 55% will be driven by commercial revenue — which includes sponsorships for teams, leagues, competition, and athletes. It forecasts the renewal of sponsorships to increase similar to the deal between Barclays and the Women's Super League, the top English soccer league, which doubled to $37 million when it was renewed starting in 2022. The firm also predicts that several companies may start to their budgets to women's sports due to its fast growth, similar to what fintech company Ally Financial did when it pledged to spend an equal paid media across men's and women's sports by 2027. Broadcast is the second expected driver of the billion-dollar revenue milestone. Overall sports are in the midst of finding a medium between the reach and accessibility of free broadcasting versus pay TV or direct-to-consumer services. Women's sports is no exception, but there is still an expectation that upcoming broadcasting rights renewals will increase. One example in 2024 is the NCAA March Madness women's tournament. After the craze surrounding Iowa's Caitlin Clark and LSU's Angel Reese that saw the championship game average nearly 10 million viewers, the tournament is expected to be around $100 million, according to a report by Front Office Sports. This would be nearly three times of its current deal, and that's considering that the tournament is currently tied together with 29 other women's sports championships.Related: Pablo Torre is upending the norms of sports media — and his parents — with his new show The firm also said that the investment in women's sports teams should continue to grow which could drive up the valuation of some teams to over $100 million. Sports franchises across the board have seen values increase quickly, and there looks to be investor appetite in women's sports. Some examples include the recently announced WNBA expansion team in San Francisco which will be under the same ownership group as the NBA's Golden State Warriors. Deloitte's study concludes by providing recommendations for the sporting world at large on how to continue to capitalize on the growth of the league. These recommendations include developing women's elite sport as "distinct from men's elite sport," further developing the pipeline of talent of women at a young age, and for the media to continue to build the profile of female athletes. Want to turbocharge your portfolio? Learn from the investing legends and get actionable insights. Start your Real Money Pro membership today.
Read more...
TheStreet
An incredible billion-dollar milestone is looming in 2024 for sports, a major firm predicts
Deloitte says the prediction is at least 300% higher than what it had thought in 2021.
*Powell pushes back on rate-cut bets, says too early to speculate on next move*
Updated at 11:25 AM EST Federal Reserve Chairman Jerome Powell repeated his warning that the U.S. economy faces elevated inflation risks, adding that he considers it too soon to speculate as to when the central bank will begin cutting interest rates. In remarks prepared for a speech at Spelman College in Atlanta, the central-bank chairman pushed back on recent market bets that the Fed has reached the end of its interest-rate-hiking cycle, one of the most aggressive in four decades, and would even look to lower the federal-funds rate in the early spring. "The full effects of our tightening have likely not yet been felt. The forcefulness of our response to inflation also helped maintain the Fed's hard-won credibility, ensuring that the public's expectations of future inflation remain well-anchored," Powell said. "It would be premature to conclude with confidence that we have achieved a sufficient restrictive stance, or to speculate on when policy might ease." "We are prepared to tighten policy further if it becomes appropriate to do so," he added.Related: Recession is a long way off, and that means Fed rate cuts may be as wellMarket reaction to Powell's remarks U.S. stocks were modestly higher following the release of headlines from Powell's remarks, with the S&P 500 marked 5 points, or 0.08%, higher on the session and the Dow Jones Industrial Average gaining 65 points. Benchmark 10-year-note yields, meanwhile, were marked 5 basis points lower on the day at 4.278% while 2-year notes were pegged at 4.629% The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.01% lower from yesterday's levels at 103.489. CME Group's FedWatch is now pricing in no chance that the Fed will lift the benchmark federal funds rate by a quarter percentage point, to between 5.5% and 5.75%, when it meets next month in Washington. The odds of a hike in January, however, edged higher to 10.1%. Bets on a quarter point March rate cut, meanwhile, are holding at 52.1%, up from just 11% last month, with the odds of a reduction in May pegged at 45.3%.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/powell-pushes-back-on-rate-cut-bets-says-too-early-to-speculate-on-next-move)
Updated at 11:25 AM EST Federal Reserve Chairman Jerome Powell repeated his warning that the U.S. economy faces elevated inflation risks, adding that he considers it too soon to speculate as to when the central bank will begin cutting interest rates. In remarks prepared for a speech at Spelman College in Atlanta, the central-bank chairman pushed back on recent market bets that the Fed has reached the end of its interest-rate-hiking cycle, one of the most aggressive in four decades, and would even look to lower the federal-funds rate in the early spring. "The full effects of our tightening have likely not yet been felt. The forcefulness of our response to inflation also helped maintain the Fed's hard-won credibility, ensuring that the public's expectations of future inflation remain well-anchored," Powell said. "It would be premature to conclude with confidence that we have achieved a sufficient restrictive stance, or to speculate on when policy might ease." "We are prepared to tighten policy further if it becomes appropriate to do so," he added.Related: Recession is a long way off, and that means Fed rate cuts may be as wellMarket reaction to Powell's remarks U.S. stocks were modestly higher following the release of headlines from Powell's remarks, with the S&P 500 marked 5 points, or 0.08%, higher on the session and the Dow Jones Industrial Average gaining 65 points. Benchmark 10-year-note yields, meanwhile, were marked 5 basis points lower on the day at 4.278% while 2-year notes were pegged at 4.629% The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.01% lower from yesterday's levels at 103.489. CME Group's FedWatch is now pricing in no chance that the Fed will lift the benchmark federal funds rate by a quarter percentage point, to between 5.5% and 5.75%, when it meets next month in Washington. The odds of a hike in January, however, edged higher to 10.1%. Bets on a quarter point March rate cut, meanwhile, are holding at 52.1%, up from just 11% last month, with the odds of a reduction in May pegged at 45.3%.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/powell-pushes-back-on-rate-cut-bets-says-too-early-to-speculate-on-next-move)
TheStreet
Powell pushes back on rate-cut bets, says too early to speculate on next move
Fed Chairman Jerome Powell echoed recent comments on the risks of inflation and continued to push back on market bets of a near-term interest-rate cut.
Powell pushes back on rate-cut bets, says too early to speculate on next move
Updated at 11:25 AM EST Federal Reserve Chairman Jerome Powell repeated his warning that the U.S. economy faces elevated inflation risks, adding that he considers it too soon to speculate as to when the central bank will begin cutting interest rates. In remarks prepared for a speech at Spelman College in Atlanta, the central-bank chairman pushed back on recent market bets that the Fed has reached the end of its interest-rate-hiking cycle, one of the most aggressive in four decades, and would even look to lower the federal-funds rate in the early spring. "The full effects of our tightening have likely not yet been felt. The forcefulness of our response to inflation also helped maintain the Fed's hard-won credibility, ensuring that the public's expectations of future inflation remain well-anchored," Powell said. "It would be premature to conclude with confidence that we have achieved a sufficient restrictive stance, or to speculate on when policy might ease." "We are prepared to tighten policy further if it becomes appropriate to do so," he added.Related: Recession is a long way off, and that means Fed rate cuts may be as wellMarket reaction to Powell's remarks U.S. stocks were modestly higher following the release of headlines from Powell's remarks, with the S&P 500 marked 5 points, or 0.08%, higher on the session and the Dow Jones Industrial Average gaining 65 points. Benchmark 10-year-note yields, meanwhile, were marked 5 basis points lower on the day at 4.278% while 2-year notes were pegged at 4.629% The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.01% lower from yesterday's levels at 103.489. CME Group's FedWatch is now pricing in no chance that the Fed will lift the benchmark federal funds rate by a quarter percentage point, to between 5.5% and 5.75%, when it meets next month in Washington. The odds of a hike in January, however, edged higher to 10.1%. Bets on a quarter point March rate cut, meanwhile, are holding at 52.1%, up from just 11% last month, with the odds of a reduction in May pegged at 45.3%.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
Updated at 11:25 AM EST Federal Reserve Chairman Jerome Powell repeated his warning that the U.S. economy faces elevated inflation risks, adding that he considers it too soon to speculate as to when the central bank will begin cutting interest rates. In remarks prepared for a speech at Spelman College in Atlanta, the central-bank chairman pushed back on recent market bets that the Fed has reached the end of its interest-rate-hiking cycle, one of the most aggressive in four decades, and would even look to lower the federal-funds rate in the early spring. "The full effects of our tightening have likely not yet been felt. The forcefulness of our response to inflation also helped maintain the Fed's hard-won credibility, ensuring that the public's expectations of future inflation remain well-anchored," Powell said. "It would be premature to conclude with confidence that we have achieved a sufficient restrictive stance, or to speculate on when policy might ease." "We are prepared to tighten policy further if it becomes appropriate to do so," he added.Related: Recession is a long way off, and that means Fed rate cuts may be as wellMarket reaction to Powell's remarks U.S. stocks were modestly higher following the release of headlines from Powell's remarks, with the S&P 500 marked 5 points, or 0.08%, higher on the session and the Dow Jones Industrial Average gaining 65 points. Benchmark 10-year-note yields, meanwhile, were marked 5 basis points lower on the day at 4.278% while 2-year notes were pegged at 4.629% The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.01% lower from yesterday's levels at 103.489. CME Group's FedWatch is now pricing in no chance that the Fed will lift the benchmark federal funds rate by a quarter percentage point, to between 5.5% and 5.75%, when it meets next month in Washington. The odds of a hike in January, however, edged higher to 10.1%. Bets on a quarter point March rate cut, meanwhile, are holding at 52.1%, up from just 11% last month, with the odds of a reduction in May pegged at 45.3%.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
Powell pushes back on rate-cut bets, says too early to speculate on next move
Fed Chairman Jerome Powell echoed recent comments on the risks of inflation and continued to push back on market bets of a near-term interest-rate cut.
*Аксельбант*
Одна из наиболее заметных деталей современного парадного воинского костюма — аксельбант . Слово пришло к нам из немецкого языка: Achsel — плечо, Band — лента, тесьма.via forma full 5 https://ift.tt/Fb31zA0 Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3581998.html)
Одна из наиболее заметных деталей современного парадного воинского костюма — аксельбант . Слово пришло к нам из немецкого языка: Achsel — плечо, Band — лента, тесьма.via forma full 5 https://ift.tt/Fb31zA0 Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3581998.html)
Forma-Odezhda
Аксельбант
Узнайте о Аксельбант в энциклопедии магазина Форма одежды.
Аксельбант
Одна из наиболее заметных деталей современного парадного воинского костюма — аксельбант . Слово пришло к нам из немецкого языка: Achsel — плечо, Band — лента, тесьма.via forma full 5 https://ift.tt/Fb31zA0 Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
Одна из наиболее заметных деталей современного парадного воинского костюма — аксельбант . Слово пришло к нам из немецкого языка: Achsel — плечо, Band — лента, тесьма.via forma full 5 https://ift.tt/Fb31zA0 Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
Forma-Odezhda
Аксельбант
Узнайте о Аксельбант в энциклопедии магазина Форма одежды.
*Critical U.S. infrastructure is increasingly being targeted by hackers*
A robust infrastructure is often the biggest differentiator between first world countries and developing ones. The infrastructure in the United States has been crumbling for decades as politicians struggle to get Congressional support to spend the trillions of dollars needed to modernize our electric, transportation, and sewage grids. Related: Ransomware Gangs Are Shifting Their Attacks to Smaller Companies But first world infrastructure is facing a much scarier threat than just time and neglect. Hackers are also targeting critical infrastructure in the U.S., and in recent weeks they have been particularly busy with their attacks. This week alone hospitals across the U.S. had to divert ambulances from their emergency rooms due to a ransomware attack; the North Texas Municipal Water District started investigating a suspected ransomware attack; real estate services company Fidelity National Financial was also hit by an attack, preventing some customers from paying their mortgages for several days. Ransomware attack against critical infrastructure has increased in 2023, according to Axios which spoke to Allan Liska, a ransomware expert at Record Future. There have been 317 publicly reported ransomware attacks against health care entities so far this year compared to 245 all of last year, according to Liska. School attacks have also increased, with 243 publicly reported attacks in 2023 compared to 189 total incidents last year. "We are seeing an uptick and that is normal for this time of year," Liska said. "I think it's a bigger [post-Thanksgiving] uptick than we normally see." Earlier this year, a high-profile cyberattack against, MGM Resorts (MGM) - Get Free Report threw the Las Vegas Strip into a state of chaos. The ransomware attack shut down everything from hotel reservation services to ATMs to slot machines at the MGM properties. MGM says the attack negatively affected its third quarter results to the tune of about $100 million. Its rival, Caesars Entertainment (CZR) - Get Free Report paid tens of millions of dollars to hackers who had performed a similar attack against the company just days prior. Signs of the growing problem were apparent earlier this year. The number of ransomware victims in March were nearly double the number from the previous year, according to a study from Black Kite, a Boston-based third-party cyber risk intelligence company. The report showed that hackers targeted the manufacturing industry the most, followed by the professional, scientific and technical services industry, according to a report by Black Kite that analyzed ransomware attacks from April 1, 2022 through March 31, 2023. Educational services received 6.1% of the attacks. The U.S. was the number one targeted country, accounting for 43% of victim organizations, followed by the U.K. and Germany (4.4%). Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
[Read more...](https://www.thestreet.com/technology/critical-infrastructure-targeted-by-ransomware)
A robust infrastructure is often the biggest differentiator between first world countries and developing ones. The infrastructure in the United States has been crumbling for decades as politicians struggle to get Congressional support to spend the trillions of dollars needed to modernize our electric, transportation, and sewage grids. Related: Ransomware Gangs Are Shifting Their Attacks to Smaller Companies But first world infrastructure is facing a much scarier threat than just time and neglect. Hackers are also targeting critical infrastructure in the U.S., and in recent weeks they have been particularly busy with their attacks. This week alone hospitals across the U.S. had to divert ambulances from their emergency rooms due to a ransomware attack; the North Texas Municipal Water District started investigating a suspected ransomware attack; real estate services company Fidelity National Financial was also hit by an attack, preventing some customers from paying their mortgages for several days. Ransomware attack against critical infrastructure has increased in 2023, according to Axios which spoke to Allan Liska, a ransomware expert at Record Future. There have been 317 publicly reported ransomware attacks against health care entities so far this year compared to 245 all of last year, according to Liska. School attacks have also increased, with 243 publicly reported attacks in 2023 compared to 189 total incidents last year. "We are seeing an uptick and that is normal for this time of year," Liska said. "I think it's a bigger [post-Thanksgiving] uptick than we normally see." Earlier this year, a high-profile cyberattack against, MGM Resorts (MGM) - Get Free Report threw the Las Vegas Strip into a state of chaos. The ransomware attack shut down everything from hotel reservation services to ATMs to slot machines at the MGM properties. MGM says the attack negatively affected its third quarter results to the tune of about $100 million. Its rival, Caesars Entertainment (CZR) - Get Free Report paid tens of millions of dollars to hackers who had performed a similar attack against the company just days prior. Signs of the growing problem were apparent earlier this year. The number of ransomware victims in March were nearly double the number from the previous year, according to a study from Black Kite, a Boston-based third-party cyber risk intelligence company. The report showed that hackers targeted the manufacturing industry the most, followed by the professional, scientific and technical services industry, according to a report by Black Kite that analyzed ransomware attacks from April 1, 2022 through March 31, 2023. Educational services received 6.1% of the attacks. The U.S. was the number one targeted country, accounting for 43% of victim organizations, followed by the U.K. and Germany (4.4%). Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
[Read more...](https://www.thestreet.com/technology/critical-infrastructure-targeted-by-ransomware)
TheStreet
Critical U.S. infrastructure is being targeted by a growing threat
It's becoming harder to protect against outside attacks in an ever-more-interconnected world.
Critical U.S. infrastructure is increasingly being targeted by hackers
A robust infrastructure is often the biggest differentiator between first world countries and developing ones. The infrastructure in the United States has been crumbling for decades as politicians struggle to get Congressional support to spend the trillions of dollars needed to modernize our electric, transportation, and sewage grids. Related: Ransomware Gangs Are Shifting Their Attacks to Smaller Companies But first world infrastructure is facing a much scarier threat than just time and neglect. Hackers are also targeting critical infrastructure in the U.S., and in recent weeks they have been particularly busy with their attacks. This week alone hospitals across the U.S. had to divert ambulances from their emergency rooms due to a ransomware attack; the North Texas Municipal Water District started investigating a suspected ransomware attack; real estate services company Fidelity National Financial was also hit by an attack, preventing some customers from paying their mortgages for several days. Ransomware attack against critical infrastructure has increased in 2023, according to Axios which spoke to Allan Liska, a ransomware expert at Record Future. There have been 317 publicly reported ransomware attacks against health care entities so far this year compared to 245 all of last year, according to Liska. School attacks have also increased, with 243 publicly reported attacks in 2023 compared to 189 total incidents last year. "We are seeing an uptick and that is normal for this time of year," Liska said. "I think it's a bigger post-Thanksgiving uptick than we normally see." Earlier this year, a high-profile cyberattack against, MGM Resorts (MGM) - Get Free Report threw the Las Vegas Strip into a state of chaos. The ransomware attack shut down everything from hotel reservation services to ATMs to slot machines at the MGM properties. MGM says the attack negatively affected its third quarter results to the tune of about $100 million. Its rival, Caesars Entertainment (CZR) - Get Free Report paid tens of millions of dollars to hackers who had performed a similar attack against the company just days prior. Signs of the growing problem were apparent earlier this year. The number of ransomware victims in March were nearly double the number from the previous year, according to a study from Black Kite, a Boston-based third-party cyber risk intelligence company. The report showed that hackers targeted the manufacturing industry the most, followed by the professional, scientific and technical services industry, according to a report by Black Kite that analyzed ransomware attacks from April 1, 2022 through March 31, 2023. Educational services received 6.1% of the attacks. The U.S. was the number one targeted country, accounting for 43% of victim organizations, followed by the U.K. and Germany (4.4%). Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
Read more...
A robust infrastructure is often the biggest differentiator between first world countries and developing ones. The infrastructure in the United States has been crumbling for decades as politicians struggle to get Congressional support to spend the trillions of dollars needed to modernize our electric, transportation, and sewage grids. Related: Ransomware Gangs Are Shifting Their Attacks to Smaller Companies But first world infrastructure is facing a much scarier threat than just time and neglect. Hackers are also targeting critical infrastructure in the U.S., and in recent weeks they have been particularly busy with their attacks. This week alone hospitals across the U.S. had to divert ambulances from their emergency rooms due to a ransomware attack; the North Texas Municipal Water District started investigating a suspected ransomware attack; real estate services company Fidelity National Financial was also hit by an attack, preventing some customers from paying their mortgages for several days. Ransomware attack against critical infrastructure has increased in 2023, according to Axios which spoke to Allan Liska, a ransomware expert at Record Future. There have been 317 publicly reported ransomware attacks against health care entities so far this year compared to 245 all of last year, according to Liska. School attacks have also increased, with 243 publicly reported attacks in 2023 compared to 189 total incidents last year. "We are seeing an uptick and that is normal for this time of year," Liska said. "I think it's a bigger post-Thanksgiving uptick than we normally see." Earlier this year, a high-profile cyberattack against, MGM Resorts (MGM) - Get Free Report threw the Las Vegas Strip into a state of chaos. The ransomware attack shut down everything from hotel reservation services to ATMs to slot machines at the MGM properties. MGM says the attack negatively affected its third quarter results to the tune of about $100 million. Its rival, Caesars Entertainment (CZR) - Get Free Report paid tens of millions of dollars to hackers who had performed a similar attack against the company just days prior. Signs of the growing problem were apparent earlier this year. The number of ransomware victims in March were nearly double the number from the previous year, according to a study from Black Kite, a Boston-based third-party cyber risk intelligence company. The report showed that hackers targeted the manufacturing industry the most, followed by the professional, scientific and technical services industry, according to a report by Black Kite that analyzed ransomware attacks from April 1, 2022 through March 31, 2023. Educational services received 6.1% of the attacks. The U.S. was the number one targeted country, accounting for 43% of victim organizations, followed by the U.K. and Germany (4.4%). Get exclusive access to portfolio managers’ stock picks and proven investing strategies with Real Money Pro. Get started now.
Read more...
TheStreet
Critical U.S. infrastructure is being targeted by a growing threat
It's becoming harder to protect against outside attacks in an ever-more-interconnected world.
*10 особенно опасных «розовых флажков» в отношениях*
Ещё не красные, но со временем могут стать такими.
[Read more...](https://lifehacker.ru/rozovye-flazhki-v-otnosheniyax/)
Ещё не красные, но со временем могут стать такими.
[Read more...](https://lifehacker.ru/rozovye-flazhki-v-otnosheniyax/)
*Правильное*
Погоны представляют собой часть одежды военнослужащего, а расположение звезд на погонах принято считать знаком отличия по званию между сослуживцами. Однако очень важно знать, на каком расстоянии должны находиться ...via forma full 5 https://ift.tt/Cq2Ad3p Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3583875.html)
Погоны представляют собой часть одежды военнослужащего, а расположение звезд на погонах принято считать знаком отличия по званию между сослуживцами. Однако очень важно знать, на каком расстоянии должны находиться ...via forma full 5 https://ift.tt/Cq2Ad3p Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3583875.html)
Forma-Odezhda
Правильное расположение звезд на погонах
Узнайте о Правильное расположение звезд на погонах в энциклопедии магазина Форма одежды.
Правильное
Погоны представляют собой часть одежды военнослужащего, а расположение звезд на погонах принято считать знаком отличия по званию между сослуживцами. Однако очень важно знать, на каком расстоянии должны находиться ...via forma full 5 https://ift.tt/Cq2Ad3p Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
Погоны представляют собой часть одежды военнослужащего, а расположение звезд на погонах принято считать знаком отличия по званию между сослуживцами. Однако очень важно знать, на каком расстоянии должны находиться ...via forma full 5 https://ift.tt/Cq2Ad3p Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
Forma-Odezhda
Правильное расположение звезд на погонах
Узнайте о Правильное расположение звезд на погонах в энциклопедии магазина Форма одежды.
*Fed's Powell pushes back on rate-cut bets, says too early to speculate on next move*
Updated at 11:25 AM EST Federal Reserve Chairman Jerome Powell repeated his warning that the U.S. economy faces elevated inflation risks, adding that he considers it too soon to speculate as to when the central bank will begin cutting interest rates. In remarks prepared for a speech at Spelman College in Atlanta, the central-bank chairman pushed back on recent market bets that the Fed has reached the end of its interest-rate-hiking cycle, one of the most aggressive in four decades, and would even look to lower the federal-funds rate in the early spring. "The full effects of our tightening have likely not yet been felt. The forcefulness of our response to inflation also helped maintain the Fed's hard-won credibility, ensuring that the public's expectations of future inflation remain well-anchored," Powell said. "It would be premature to conclude with confidence that we have achieved a sufficient restrictive stance, or to speculate on when policy might ease." "We are prepared to tighten policy further if it becomes appropriate to do so," he added.Related: Recession is a long way off, and that means Fed rate cuts may be as wellMarket reaction to Powell's remarks U.S. stocks were modestly higher following the release of headlines from Powell's remarks, with the S&P 500 marked 5 points, or 0.08%, higher on the session and the Dow Jones Industrial Average gaining 65 points. Benchmark 10-year-note yields, meanwhile, were marked 5 basis points lower on the day at 4.278% while 2-year notes were pegged at 4.629% The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.01% lower from yesterday's levels at 103.489. CME Group's FedWatch is now pricing in no chance that the Fed will lift the benchmark federal funds rate by a quarter percentage point, to between 5.5% and 5.75%, when it meets next month in Washington. The odds of a hike in January, however, edged higher to 10.1%. Bets on a quarter point March rate cut, meanwhile, are holding at 52.1%, up from just 11% last month, with the odds of a reduction in May pegged at 45.3%.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/powell-pushes-back-on-rate-cut-bets-says-too-early-to-speculate-on-next-move)
Updated at 11:25 AM EST Federal Reserve Chairman Jerome Powell repeated his warning that the U.S. economy faces elevated inflation risks, adding that he considers it too soon to speculate as to when the central bank will begin cutting interest rates. In remarks prepared for a speech at Spelman College in Atlanta, the central-bank chairman pushed back on recent market bets that the Fed has reached the end of its interest-rate-hiking cycle, one of the most aggressive in four decades, and would even look to lower the federal-funds rate in the early spring. "The full effects of our tightening have likely not yet been felt. The forcefulness of our response to inflation also helped maintain the Fed's hard-won credibility, ensuring that the public's expectations of future inflation remain well-anchored," Powell said. "It would be premature to conclude with confidence that we have achieved a sufficient restrictive stance, or to speculate on when policy might ease." "We are prepared to tighten policy further if it becomes appropriate to do so," he added.Related: Recession is a long way off, and that means Fed rate cuts may be as wellMarket reaction to Powell's remarks U.S. stocks were modestly higher following the release of headlines from Powell's remarks, with the S&P 500 marked 5 points, or 0.08%, higher on the session and the Dow Jones Industrial Average gaining 65 points. Benchmark 10-year-note yields, meanwhile, were marked 5 basis points lower on the day at 4.278% while 2-year notes were pegged at 4.629% The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.01% lower from yesterday's levels at 103.489. CME Group's FedWatch is now pricing in no chance that the Fed will lift the benchmark federal funds rate by a quarter percentage point, to between 5.5% and 5.75%, when it meets next month in Washington. The odds of a hike in January, however, edged higher to 10.1%. Bets on a quarter point March rate cut, meanwhile, are holding at 52.1%, up from just 11% last month, with the odds of a reduction in May pegged at 45.3%.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/powell-pushes-back-on-rate-cut-bets-says-too-early-to-speculate-on-next-move)
TheStreet
Powell pushes back on rate-cut bets, says too early to speculate on next move
Fed Chairman Jerome Powell echoed recent comments on the risks of inflation and continued to push back on market bets of a near-term interest-rate cut.
Fed's Powell pushes back on rate-cut bets, says too early to speculate on next move
Updated at 11:25 AM EST Federal Reserve Chairman Jerome Powell repeated his warning that the U.S. economy faces elevated inflation risks, adding that he considers it too soon to speculate as to when the central bank will begin cutting interest rates. In remarks prepared for a speech at Spelman College in Atlanta, the central-bank chairman pushed back on recent market bets that the Fed has reached the end of its interest-rate-hiking cycle, one of the most aggressive in four decades, and would even look to lower the federal-funds rate in the early spring. "The full effects of our tightening have likely not yet been felt. The forcefulness of our response to inflation also helped maintain the Fed's hard-won credibility, ensuring that the public's expectations of future inflation remain well-anchored," Powell said. "It would be premature to conclude with confidence that we have achieved a sufficient restrictive stance, or to speculate on when policy might ease." "We are prepared to tighten policy further if it becomes appropriate to do so," he added.Related: Recession is a long way off, and that means Fed rate cuts may be as wellMarket reaction to Powell's remarks U.S. stocks were modestly higher following the release of headlines from Powell's remarks, with the S&P 500 marked 5 points, or 0.08%, higher on the session and the Dow Jones Industrial Average gaining 65 points. Benchmark 10-year-note yields, meanwhile, were marked 5 basis points lower on the day at 4.278% while 2-year notes were pegged at 4.629% The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.01% lower from yesterday's levels at 103.489. CME Group's FedWatch is now pricing in no chance that the Fed will lift the benchmark federal funds rate by a quarter percentage point, to between 5.5% and 5.75%, when it meets next month in Washington. The odds of a hike in January, however, edged higher to 10.1%. Bets on a quarter point March rate cut, meanwhile, are holding at 52.1%, up from just 11% last month, with the odds of a reduction in May pegged at 45.3%.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
Updated at 11:25 AM EST Federal Reserve Chairman Jerome Powell repeated his warning that the U.S. economy faces elevated inflation risks, adding that he considers it too soon to speculate as to when the central bank will begin cutting interest rates. In remarks prepared for a speech at Spelman College in Atlanta, the central-bank chairman pushed back on recent market bets that the Fed has reached the end of its interest-rate-hiking cycle, one of the most aggressive in four decades, and would even look to lower the federal-funds rate in the early spring. "The full effects of our tightening have likely not yet been felt. The forcefulness of our response to inflation also helped maintain the Fed's hard-won credibility, ensuring that the public's expectations of future inflation remain well-anchored," Powell said. "It would be premature to conclude with confidence that we have achieved a sufficient restrictive stance, or to speculate on when policy might ease." "We are prepared to tighten policy further if it becomes appropriate to do so," he added.Related: Recession is a long way off, and that means Fed rate cuts may be as wellMarket reaction to Powell's remarks U.S. stocks were modestly higher following the release of headlines from Powell's remarks, with the S&P 500 marked 5 points, or 0.08%, higher on the session and the Dow Jones Industrial Average gaining 65 points. Benchmark 10-year-note yields, meanwhile, were marked 5 basis points lower on the day at 4.278% while 2-year notes were pegged at 4.629% The U.S. dollar index, which tracks the greenback against a basket of its global peers, was marked 0.01% lower from yesterday's levels at 103.489. CME Group's FedWatch is now pricing in no chance that the Fed will lift the benchmark federal funds rate by a quarter percentage point, to between 5.5% and 5.75%, when it meets next month in Washington. The odds of a hike in January, however, edged higher to 10.1%. Bets on a quarter point March rate cut, meanwhile, are holding at 52.1%, up from just 11% last month, with the odds of a reduction in May pegged at 45.3%.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
Powell pushes back on rate-cut bets, says too early to speculate on next move
Fed Chairman Jerome Powell echoed recent comments on the risks of inflation and continued to push back on market bets of a near-term interest-rate cut.
*Leaked memo shows Spirit offering employees buyout packages to bring down costs*
While some airlines have been seriously benefiting from the boost in post-pandemic travel, Spirit Airlines (SAVE) - Get Free Report has struggled to bring in profit despite high revenue in the last year. At the end of October, the airline reported a $157.6 net third-quarter loss despite bringing in $1.2 billion in revenue. "Softer demand for our product and discounted fares in our markets led to a disappointing outcome for the third quarter 2023," chief executive Ted Christie said in announcing the results. A photo of a Spirit plane wing on a flight from NYC. Veronika Bondarenko 'We must return to profitability,' Spirit CEO says An internal staff memo reported by CNBC shows that the airline started offering some salaried employees voluntary exit packages on Nov. 29 in order to avert widespread layoffs. 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 last few months have been a testament to our resilience and dedication as a company but we must return to profitability, which will require a series of tough decisions," Christie told Spirit employees in the internal memo. The biggest "difficult decision" is an Early Voluntary Out program. Interested employees will be able to accept a buyout package (the range of which has not been revealed) on their own. As another cost-cutting measure enacted earlier this year, the airline had previously suspended new pilot and flight attendant training while the current memo confirmed that this move would be permanent. "Based on the success of that plan, we're implementing a similar set of opportunities to help us right-size our organization for our current fleet and business constraints," the memo reads further. The airline previously reported operating expenses of $1.4 billion in the third quarter and $4.3 billion in the year to dateThis is what Spirit is doing to bring down costs, return to profit Back in October, Christie has also said that it had taken steps to cut costs by "modifying the cadence of our aircraft deliveries through the end of the decade." This refers to bringing in fewer new planes even as the airline recently had to ground nearly 30 Airbus A320neo (EADSF) - Get Free Report due to a recall from their engine manufacturer Pratt & Whitney after discovery of a problem in one of the metals used in the engine. While a necessary precautionary step, the recall caused serious losses due to Spirit's inability to use the affected planes during the eight weeks when the situation is being examined through an ultrasound inspection. This reduced Spirit's plane capacity by as much as 5% throughout the fall. Spirit is presently also in the middle of a protracted battle to merge with New York-based JetBlue (JBLU) - Get Free Report. An ongoing Justice Department lawsuit aims to block JetBlue's $3.6 billion bid to purchase the budget airline on antitrust grounds. JetBlue previously expressed plans to raise Spirit airfare prices by as much as 40% while such a move would leave travelers with one fewer competitor to choose from. "We continue to believe merging with JetBlue and creating a viable competitor to the Big Four U.S. airlines is in the best interest of consumers, team members, and shareholders," Christie said during the same earnings call in October. "We are prepared to make the necessary strategic shifts to enable Spirit to compete effectively in this new demand backdrop."
[Read more...](https://www.thestreet.com/travel/spirit-offering-employees-buyout-packages)
While some airlines have been seriously benefiting from the boost in post-pandemic travel, Spirit Airlines (SAVE) - Get Free Report has struggled to bring in profit despite high revenue in the last year. At the end of October, the airline reported a $157.6 net third-quarter loss despite bringing in $1.2 billion in revenue. "Softer demand for our product and discounted fares in our markets led to a disappointing outcome for the third quarter 2023," chief executive Ted Christie said in announcing the results. A photo of a Spirit plane wing on a flight from NYC. Veronika Bondarenko 'We must return to profitability,' Spirit CEO says An internal staff memo reported by CNBC shows that the airline started offering some salaried employees voluntary exit packages on Nov. 29 in order to avert widespread layoffs. 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 last few months have been a testament to our resilience and dedication as a company but we must return to profitability, which will require a series of tough decisions," Christie told Spirit employees in the internal memo. The biggest "difficult decision" is an Early Voluntary Out program. Interested employees will be able to accept a buyout package (the range of which has not been revealed) on their own. As another cost-cutting measure enacted earlier this year, the airline had previously suspended new pilot and flight attendant training while the current memo confirmed that this move would be permanent. "Based on the success of that plan, we're implementing a similar set of opportunities to help us right-size our organization for our current fleet and business constraints," the memo reads further. The airline previously reported operating expenses of $1.4 billion in the third quarter and $4.3 billion in the year to dateThis is what Spirit is doing to bring down costs, return to profit Back in October, Christie has also said that it had taken steps to cut costs by "modifying the cadence of our aircraft deliveries through the end of the decade." This refers to bringing in fewer new planes even as the airline recently had to ground nearly 30 Airbus A320neo (EADSF) - Get Free Report due to a recall from their engine manufacturer Pratt & Whitney after discovery of a problem in one of the metals used in the engine. While a necessary precautionary step, the recall caused serious losses due to Spirit's inability to use the affected planes during the eight weeks when the situation is being examined through an ultrasound inspection. This reduced Spirit's plane capacity by as much as 5% throughout the fall. Spirit is presently also in the middle of a protracted battle to merge with New York-based JetBlue (JBLU) - Get Free Report. An ongoing Justice Department lawsuit aims to block JetBlue's $3.6 billion bid to purchase the budget airline on antitrust grounds. JetBlue previously expressed plans to raise Spirit airfare prices by as much as 40% while such a move would leave travelers with one fewer competitor to choose from. "We continue to believe merging with JetBlue and creating a viable competitor to the Big Four U.S. airlines is in the best interest of consumers, team members, and shareholders," Christie said during the same earnings call in October. "We are prepared to make the necessary strategic shifts to enable Spirit to compete effectively in this new demand backdrop."
[Read more...](https://www.thestreet.com/travel/spirit-offering-employees-buyout-packages)
TheStreet
Leaked memo shows Spirit offering employees buyout packages to bring down costs
Returning to profitability 'will require a series of tough decisions,' Spirit's CEO said in a leaked staff memo.
Leaked memo shows Spirit offering employees buyout packages to bring down costs
While some airlines have been seriously benefiting from the boost in post-pandemic travel, Spirit Airlines (SAVE) - Get Free Report has struggled to bring in profit despite high revenue in the last year. At the end of October, the airline reported a $157.6 net third-quarter loss despite bringing in $1.2 billion in revenue. "Softer demand for our product and discounted fares in our markets led to a disappointing outcome for the third quarter 2023," chief executive Ted Christie said in announcing the results. A photo of a Spirit plane wing on a flight from NYC. Veronika Bondarenko 'We must return to profitability,' Spirit CEO says An internal staff memo reported by CNBC shows that the airline started offering some salaried employees voluntary exit packages on Nov. 29 in order to avert widespread layoffs. 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 last few months have been a testament to our resilience and dedication as a company but we must return to profitability, which will require a series of tough decisions," Christie told Spirit employees in the internal memo. The biggest "difficult decision" is an Early Voluntary Out program. Interested employees will be able to accept a buyout package (the range of which has not been revealed) on their own. As another cost-cutting measure enacted earlier this year, the airline had previously suspended new pilot and flight attendant training while the current memo confirmed that this move would be permanent. "Based on the success of that plan, we're implementing a similar set of opportunities to help us right-size our organization for our current fleet and business constraints," the memo reads further. The airline previously reported operating expenses of $1.4 billion in the third quarter and $4.3 billion in the year to dateThis is what Spirit is doing to bring down costs, return to profit Back in October, Christie has also said that it had taken steps to cut costs by "modifying the cadence of our aircraft deliveries through the end of the decade." This refers to bringing in fewer new planes even as the airline recently had to ground nearly 30 Airbus A320neo (EADSF) - Get Free Report due to a recall from their engine manufacturer Pratt & Whitney after discovery of a problem in one of the metals used in the engine. While a necessary precautionary step, the recall caused serious losses due to Spirit's inability to use the affected planes during the eight weeks when the situation is being examined through an ultrasound inspection. This reduced Spirit's plane capacity by as much as 5% throughout the fall. Spirit is presently also in the middle of a protracted battle to merge with New York-based JetBlue (JBLU) - Get Free Report. An ongoing Justice Department lawsuit aims to block JetBlue's $3.6 billion bid to purchase the budget airline on antitrust grounds. JetBlue previously expressed plans to raise Spirit airfare prices by as much as 40% while such a move would leave travelers with one fewer competitor to choose from. "We continue to believe merging with JetBlue and creating a viable competitor to the Big Four U.S. airlines is in the best interest of consumers, team members, and shareholders," Christie said during the same earnings call in October. "We are prepared to make the necessary strategic shifts to enable Spirit to compete effectively in this new demand backdrop."
Read more...
While some airlines have been seriously benefiting from the boost in post-pandemic travel, Spirit Airlines (SAVE) - Get Free Report has struggled to bring in profit despite high revenue in the last year. At the end of October, the airline reported a $157.6 net third-quarter loss despite bringing in $1.2 billion in revenue. "Softer demand for our product and discounted fares in our markets led to a disappointing outcome for the third quarter 2023," chief executive Ted Christie said in announcing the results. A photo of a Spirit plane wing on a flight from NYC. Veronika Bondarenko 'We must return to profitability,' Spirit CEO says An internal staff memo reported by CNBC shows that the airline started offering some salaried employees voluntary exit packages on Nov. 29 in order to avert widespread layoffs. 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 last few months have been a testament to our resilience and dedication as a company but we must return to profitability, which will require a series of tough decisions," Christie told Spirit employees in the internal memo. The biggest "difficult decision" is an Early Voluntary Out program. Interested employees will be able to accept a buyout package (the range of which has not been revealed) on their own. As another cost-cutting measure enacted earlier this year, the airline had previously suspended new pilot and flight attendant training while the current memo confirmed that this move would be permanent. "Based on the success of that plan, we're implementing a similar set of opportunities to help us right-size our organization for our current fleet and business constraints," the memo reads further. The airline previously reported operating expenses of $1.4 billion in the third quarter and $4.3 billion in the year to dateThis is what Spirit is doing to bring down costs, return to profit Back in October, Christie has also said that it had taken steps to cut costs by "modifying the cadence of our aircraft deliveries through the end of the decade." This refers to bringing in fewer new planes even as the airline recently had to ground nearly 30 Airbus A320neo (EADSF) - Get Free Report due to a recall from their engine manufacturer Pratt & Whitney after discovery of a problem in one of the metals used in the engine. While a necessary precautionary step, the recall caused serious losses due to Spirit's inability to use the affected planes during the eight weeks when the situation is being examined through an ultrasound inspection. This reduced Spirit's plane capacity by as much as 5% throughout the fall. Spirit is presently also in the middle of a protracted battle to merge with New York-based JetBlue (JBLU) - Get Free Report. An ongoing Justice Department lawsuit aims to block JetBlue's $3.6 billion bid to purchase the budget airline on antitrust grounds. JetBlue previously expressed plans to raise Spirit airfare prices by as much as 40% while such a move would leave travelers with one fewer competitor to choose from. "We continue to believe merging with JetBlue and creating a viable competitor to the Big Four U.S. airlines is in the best interest of consumers, team members, and shareholders," Christie said during the same earnings call in October. "We are prepared to make the necessary strategic shifts to enable Spirit to compete effectively in this new demand backdrop."
Read more...
TheStreet
Leaked memo shows Spirit offering employees buyout packages to bring down costs
Returning to profitability 'will require a series of tough decisions,' Spirit's CEO said in a leaked staff memo.
*Transphobia is the start of the left to rightwing pipeline.*
Folks be like “they tried to cancel Chappelle because he don’t agree with them” well now he’s hanging out with Lauren Fucking Boebert for starters. We saw the same shit with Kanye
[Read more...](https://www.reddit.com/r/BlackPeopleTwitter/comments/1885ojl/transphobia_is_the_start_of_the_left_to_rightwing/)
Folks be like “they tried to cancel Chappelle because he don’t agree with them” well now he’s hanging out with Lauren Fucking Boebert for starters. We saw the same shit with Kanye
[Read more...](https://www.reddit.com/r/BlackPeopleTwitter/comments/1885ojl/transphobia_is_the_start_of_the_left_to_rightwing/)
Reddit
From the BlackPeopleTwitter community on Reddit: Transphobia is the start of the left to rightwing pipeline.
Explore this post and more from the BlackPeopleTwitter community
Transphobia is the start of the left to rightwing pipeline.
Folks be like “they tried to cancel Chappelle because he don’t agree with them” well now he’s hanging out with Lauren Fucking Boebert for starters. We saw the same shit with Kanye
Read more...
Folks be like “they tried to cancel Chappelle because he don’t agree with them” well now he’s hanging out with Lauren Fucking Boebert for starters. We saw the same shit with Kanye
Read more...
Reddit
From the BlackPeopleTwitter community on Reddit: Transphobia is the start of the left to rightwing pipeline.
Explore this post and more from the BlackPeopleTwitter community
*Which billionaire or millionaire has actually done good to the community?*
submitted by /u/WaterWalsh to r/AskReddit [link] [comments]
[Read more...](https://www.reddit.com/r/AskReddit/comments/1889cpy/which_billionaire_or_millionaire_has_actually/)
submitted by /u/WaterWalsh to r/AskReddit [link] [comments]
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Which billionaire or millionaire has actually done good to the community?
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*I ladies*
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From the SipsTea community on Reddit: I ladies
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