Travel chaos: US shutdown hits airlines hard as 8,000 flights cancelled; carriers brace for costly holiday ripple effects

The longest federal government shutdown in US history has upended airlines’ holiday quarter expectations, grounding thousands of flights and forcing carriers to scramble for contingency plans as operations across the country remain crippled.Airlines, which had been counting on a rebound in corporate and leisure travel, are now seeing Thanksgiving bookings grow by just 1% since…

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Circle Internet Net Income Rises 202% to $214M, Beats Expectations on EPS

Circle Internet Group (CRCL), issuer of the world’s second-largest stablecoin USDC, reported third-quarter net income of $214 million, a year-over-year increase of 202%, on Wednesday. Earnings per share (EPS) rose to $0.64, beating expectations of $0.22. Total revenue and reserve income more than doubled to $740 million The New York City-based company reported earnings before…

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Bitcoin (BTC) Demand Revival: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin BTC$103,360.58 bounced off early Asian session lows, providing support for altcoins like ether ETH$3,445.73, XRP$2.3944, and solana SOL$160.33. Liquidity continues to flow between sectors — today it’s shifting from privacy coins to smaller projects, including ASTER, RENDER, SKY and MNT, which have jumped 7%. While…

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Miran says half-point cut ‘appropriate’ for December, but Fed should at least reduce by a quarter point

Stephen Miran, governor of the US Federal Reserve, at the Nomura Research Forum during the International Monetary Fund (IMF) and World Bank Fall meetings in Washington, DC, US, on Wednesday, Oct. 15, 2025. Samuel Corum | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran on Monday advocated for further interest rate cuts as a…

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Supply chain shift: GM tells suppliers to exit China by 2027; move signals deeper US-China trade decoupling

General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…

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Stocks making the biggest moves premarket: NVDA, PSKY, RGTI

Check out the companies making the biggest moves in premarket trading: Nvidia — The chipmaker slipped 1.8% after SoftBank disclosed it sold its entire stake in the company for $5.83 billion in October. CoreWeave — Shares sank nearly 8% after artificial-intelligence infrastructure company’s full-year guidance disappointed investors . CoreWeave expects revenue to come in between…

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