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US bank regulator says banks can act as crypto intermediaries

US bank regulator says banks can act as crypto intermediaries

By Pete Schroeder WASHINGTON, Dec 9 (Reuters) - Banks will be allowed to act as intermediaries on crypto transactions, a national U.S. bank regulator said on Tuesday, in the latest step by the Trump administration to narrow the gap between the traditional financial sector and crypto activities.
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Winter Storm Flight Collapse Leads DOT To Cut Penalty

Winter Storm Flight Collapse Leads DOT To Cut Penalty

The Department of Transportation is waiving part of a fine against Southwest Airlines tied to its massive 2022 winter-storm meltdown. The storm crippled operations in Denver and Chicago, and a failed crew-scheduling system caused the disruption to cascade, ultimately canceling 17,000 flights and stranding over 2 million travelers. The penalty—largely used for customer compensation—was reduced after Southwest improved its on-time performance and invested in operational resilience. The storm’s fallout had already cost the airline more than $1.1 billion.
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Instacart's Pricing Experiments Impact Grocery Costs for U.S. Families

Instacart's Pricing Experiments Impact Grocery Costs for U.S. Families

Instacart's Pricing Experiments Impact Grocery Costs for U.S. Families
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Government waives part of a Biden-era fine against Southwest Airlines

Government waives part of a Biden-era fine against Southwest Airlines

The U.S. Department of Transportation is waiving part of a fine assessed against Southwest Airlines after the company canceled thousands of flights during a winter storm in 2022
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U.S. Department of Transportation Waives $11 Million Fine for Southwest Airlines After Operational Improvements

U.S. Department of Transportation Waives $11 Million Fine for Southwest Airlines After Operational Improvements

The U.S. Department of Transportation (DOT) has decided to waive the final $11 million payment of Southwest Airlines' $140 million penalty related to the December 2022 holiday travel crisis. This decision was made in recognition of Southwest's significant operational improvements and investments in network operations. The airline had already paid $24 million of the $35 million owed to the U.S. Treasury, with the final payment originally due on January 31, 2026. The penalty was initially imposed due to Southwest's operational collapse during a winter storm, which led to the cancellation of 17,000 flights and stranded over 2 million travelers. The DOT's decision reflects the airline's efforts to modernize its operations and improve on-time performance.
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Analysis-Trump fuel economy rollback may make cars cheaper, but higher gas bills will absorb savings

Analysis-Trump fuel economy rollback may make cars cheaper, but higher gas bills will absorb savings

By Valerie Volcovici WASHINGTON, Dec 8 (Reuters) - The Trump administration's proposal to roll back Biden-era vehicle fuel efficiency standards may save automakers in the U.S. tens of billions of dollars and potentially lower upfront purchase costs for American car buyers.
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DOT Waives $11M Fine for Southwest Airlines Following Operational Improvements

DOT Waives $11M Fine for Southwest Airlines Following Operational Improvements

DOT Waives $11M Fine for Southwest Airlines Following Operational Improvements
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National Labor Relations Board Set to Regain Quorum, Aiming to Address Case Backlog

National Labor Relations Board Set to Regain Quorum, Aiming to Address Case Backlog

The National Labor Relations Board (NLRB) is on the verge of regaining its operating quorum, which will enable it to start deciding cases that have accumulated over the past year. This development follows the nomination of Scott Mayer, chief labor counsel at Boeing Co., and James Murphy, a former NLRB attorney, to the board. The Senate is expected to vote on a package of nearly 100 nominees, including these two, which could lead to their confirmation this week. Once confirmed, the White House will need to complete the necessary paperwork to formally appoint the new members. The NLRB has been largely inactive, having decided only six cases since President Trump's inauguration, compared to 110 rulings at a similar point during the Biden administration. The backlog of cases is significant, and the new members are expected to prioritize straightforward disputes to expedite the decision-making process.
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Trump administration wants airlines, airports to offer healthier food, exercise options

Trump administration wants airlines, airports to offer healthier food, exercise options

By David Shepardson ARLINGTON, Virginia, Dec 8 - The Trump administration said on Monday it wants airlines and airports to offer travelers healthier food options, exercise equipment and family-friendly features like playspaces and nursing facilities.
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President Trump Proposes $1,000 Reduction in Car Prices Amidst Rising Costs

President Trump Proposes $1,000 Reduction in Car Prices Amidst Rising Costs

President Trump Proposes $1,000 Reduction in Car Prices Amidst Rising Costs
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Southwest Airlines Stock Reaches 52-Week High Following Fine Waiver and Profit Outlook Cut

Southwest Airlines Stock Reaches 52-Week High Following Fine Waiver and Profit Outlook Cut

Southwest Airlines Stock Reaches 52-Week High Following Fine Waiver and Profit Outlook Cut
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ICE Arrests Nearly 75,000 Individuals Without Criminal Records Amid Immigration Crackdown

ICE Arrests Nearly 75,000 Individuals Without Criminal Records Amid Immigration Crackdown

New data reveals that Immigration and Customs Enforcement (ICE) has arrested nearly 75,000 individuals without criminal records in the first nine months of the Trump administration. This figure is part of a broader total of approximately 220,000 arrests made by ICE officers during this period. The data, obtained by the University of California, Berkeley’s Deportation Data Project through a lawsuit, highlights a significant number of arrests that contradict the administration's stated focus on targeting serious criminals such as murderers and rapists. The data does not differentiate between minor offenses and serious crimes among those with criminal histories. Additionally, the figures exclude arrests made by the Border Patrol, which has been conducting aggressive immigration operations in various U.S. cities. The data also shows that ICE has been under pressure to increase arrest numbers, with an average of 824 arrests per day since January 20, a figure that surpasses the daily average under the Biden admi...