Alaska Airlines cancels 7% of Monday flights after IT outage prompted ground stop
Alaska said it has canceled 64 flights Monday and more than 150 in total since Sunday evening after it halted all flights for about three hours over the IT issue before resuming operations around 11 p.m. PDT.
"Additional flight disruptions are likely as we reposition aircraft and crews throughout our network," Alaska said in a statement. "The IT outage is not related to any other current events, and it's not a cybersecurity event."
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The Sun
15 minutes ago
- The Sun
Hulk Hogan's ‘$25 million' will could spark family feud as new wife Sky ‘to rake in at least 30%' of fortune
HULK Hogan's wife is set to inherit nearly a third of his vast fortune at least in the wake of his death, possibly creating a major rift with his ex-wives and estranged daughter. Hogan and his third wife, Sky Daily, 49, have only been married for two years, but Florida law guarantees her 30% of his estate, whether or not he updated his will or trust before his sudden death on Thursday at 71. 5 In addition to investments and cash accounts, Hogan owned an $11.5 million mansion in Clearwater, Florida and multiple businesses, and he set up a revocable trust and a personal trust before he died, The U.S. Sun has learned. Florida estate expert and paralegal, June Fredricksen, at the Shofner Law Firm, explained that the WWE wrestler, movie star, and local business owner likely had "very in-depth estate planning." "You set up a trust to protect your assets, so you run everything through the trust," the expert explained. The trust is meant to avoid his estate ending up in court, having to figure out where assets need to go and if creditors can collect from it. But whether or not his new wife, Sky, was included in his trusts, she still stands to inherit a large portion of his wealth. "He married Sky two years ago, so he probably updated the trust so she would get a spousal elective share," Fredricksen said. "Even if Sky was left out of his estate and he didn't update his trust since they married, she would still get a spousal elective share, which she is entitled to 30% in Florida." June said someone in the trusts will be named the trustee and they will do whatever the trusts direct for the distribution of Hulk's assets. Things can get dicey, however, if his trusts weren't fully up to date. For example, if there were assets that were not rolled into his trusts, or importantly, if someone contests what is directed in the trusts, there may not be a way to avoid estate court. What's more, Fredricksen said, if his estate battle does end up in court, then the assets become "susceptible to creditors, and I'm sure he had some creditors." Hulk had notoriously fallen out with his daughter Brooke Hogan. The two have been estranged for several years, and the WWE star never met his twin grandchildren, Oliver and Molly Gene, who were born in January of this year. "If Brooke is left out of the will, she can contest it," and the battle would wind up in probate court, the legal expert explained. INSIDE HULK'S FORTUNE Hulk's estimated net worth is $25 million, according to Celebrity Networth. As The U.S. Sun exclusively revealed, Hulk owns a massive Clearwater property worth about $11.5 million. He owned several businesses in Florida, with Hogan's Beach Shop in 2013 which is still going strong, as well as the restaurant Hogan's Hangout, which is also still open, in Clearwater Beach. The wrestler also owned Real American Beer, which launched last year. Hulk has also appeared in a slew of movies beyond his legendary run with the WWE. SKY'S HEARTBREAKING TRIBUTE Sky Hogan shared an emotional statement following the sudden passing of her husband on Thursday. In her Instagram post, she expressed her devastation and reflected on his health struggles. 'My heart is in pieces,' she began. 'I wasn't ready for this. He had been dealing with some health issues, but I truly believed we would overcome them. I had so much faith in his strength. I thought we still had more time." She continued, 'This loss is sudden and impossible to process. To the world, he was a legend… but to me, he was my Terry. The man I loved. My partner. My heart." HULK HOGAN'S FINAL DAYS Hogan had been battling significant health challenges in the months leading up to his death. Hulk Hogan career timeline 1977: Made his professional wrestling debut. 1979: Joined the World Wrestling Federation (WWF, now WWE) and gained recognition. 1982: Appeared as "Thunderlips" in the film Rocky III, significantly boosting his mainstream exposure. 1984: Defeated The Iron Sheik to win his first WWF Championship, ushering in the "Hulkamania" era. 1985: Main evented the first-ever WrestleMania, teaming with Mr. T against Roddy Piper and Paul Orndorff. 1987: Slammed Andre the Giant at WrestleMania III in one of wrestling's most iconic moments. 1993: Departed WWF for World Championship Wrestling (WCW). 1996: Shocked the wrestling world by turning heel and forming the New World Order (nWo) with Scott Hall and Kevin Nash at Bash at the Beach, becoming "Hollywood" Hulk Hogan. 2001: Returned to WWE after WCW was acquired. 2002: Had a memorable match against The Rock at WrestleMania X8. 2005: Inducted into the WWE Hall of Fame. 2005-2007: Starred in the reality TV show "Hogan Knows Best." 2012: Had his last official televised match for TNA Impact, though he made sporadic appearances in WWE afterward. 2020: Inducted into the WWE Hall of Fame for a second time as a member of the nWo. He underwent neck surgery in May, which required a return to the hospital in June after complications. By mid-year, reports surfaced claiming Hogan was unable to feel his legs or walk without the aid of a cane, with some rumors suggesting he was on his deathbed. However, these claims were denied or downplayed by those close to him. On Thursday morning, Hogan suffered cardiac arrest at his $11.5 million mansion in Clearwater, Florida. Paramedics arrived following a frantic 911 call and spent 30 minutes attempting to revive him. He was transported to the hospital, where he was pronounced dead. HULK'S FAMILY Hogan was married twice before meeting Sky. His first marriage was to Linda Claridge, with whom he shared two children: Brooke, 35, and Nick, 32. The family starred in the reality series Hogan Knows Best, which aired from 2005 to 2007. Hogan and Claridge were married for 26 years before divorcing in 2009. The following year, he married makeup artist Jennifer McDaniel, though their marriage ended in divorce in 2021. Hogan later married Sky in an intimate ceremony in Clearwater, Florida. 5 5 5
Reuters
24 minutes ago
- Reuters
Is it time to say goodbye to capital gains taxes on your home?
NEW YORK, July 25 (Reuters) - This was originally published in the On The Money newsletter, where we share U.S. personal finance tips and insights every other week. Sign up here to receive it for free. Is it time to say goodbye to capital gains taxes on your home? The biggest personal finance story (in my humble opinion!) this week is news that President Donald Trump is considering removing capital gains taxes on home sales. "If the Fed would lower the rates, we wouldn't even have to do that," Trump told reporters in the Oval Office. "But we are thinking about no tax on capital gains on houses." Under current law, homeowners can exclude up to $250,000 (single filers) or $500,000 (joint filers) in gains from the sale of a primary residence. These thresholds haven't changed since 1997, opens new tab! A National Association of Realtors study, opens new tab found that 34% of homeowners (29 million) could already have enough equity in their homes to exceed the $250,000 cap, and more than 10% (8 million) could have enough to surpass the $500,000 threshold. Congress recently passed legislation that made permanent broad tax cuts passed in 2017 during Trump's first presidency. The bill also fulfilled Trump's campaign promises to include new tax breaks for tips, overtime pay, seniors and auto loans. Here is a look at who could gain, opens new tab from an end to capital gains taxes on home sales. What do you think about eliminating capital gains taxes on your home? Would you be more likely to sell your home? Write to me, and let me know your thoughts. Have you noticed lower prices at the pump lately? U.S. gasoline prices could fall below $3 a gallon this summer for the first time in over four years as a stretch of bad weather dampens fuel demand and a jump in imports fills inventories. Gasoline prices are in a lull, a boon for Americans traveling this summer. Consumers endured record prices at the pumps after Russia's 2022 invasion of Ukraine upended energy markets. Summer is typically the peak season for gasoline consumption in the U.S., but demand is lower this year. More fuel-efficient vehicles on the road and post-pandemic changes in driving patterns – particularly remote work – are expected to permanently reduce U.S. gasoline consumption from its peak in 2018. How will lower gas prices impact your driving habits? Coke's shift to cane sugar would be expensive, hurt US farmers Goldman, BNY team up to launch tokens tied to money market funds Trump executive order to help open up 401(k)s to private markets, opens new tab Delta plans to use AI in ticket pricing draws fire from US lawmakers Luxury heavyweights struggle to shake off shopper fatigue What is behind the latest rally in meme stocks? How Americans handle late-career layoffs, opens new tab Preserve capital, don't swing for the fences, portfolio manager says Big Alcohol prepares to fight back as buzzy cannabis drinks steal sales ARE YOU HOLDING TOO MUCH TECH? Is your portfolio bursting with technology stocks? Equity investors are probably overweighted in technology, given the strong performance run of the past two years. Indeed, the stocks that comprise the Magnificent Seven are up almost 25% in the past year vs. 17% for the Nasdaq Composite index. More recently, the performance of the Magnificent Seven (which includes Google and Tesla) is mixed. But they have all rebounded since April from a selloff following Donald Trump's "Liberation Day" announcement of sweeping global tariffs. The group amounted to one-third of the weight of the S&P 500 as of Friday, due to their massive market caps, their largest combined presence since the start of the year, according to LSEG Datastream. My retirement portfolio is invested in target-date funds, which are rebalanced on a regular basis, so the tech position is about 24%, which is slightly below its average peers. Are you overloaded in tech right now or have you adjusted your portfolio in recent weeks? Let me know your thoughts on the Magnificent Seven or the broader tech sector!
Reuters
25 minutes ago
- Reuters
Dairy farm cooperatives settle milk price-fixing lawsuit for $34 million
July 25 (Reuters) - Two dairy farm cooperatives have agreed to pay a combined $34 million to resolve a proposed class action accusing them of conspiring to fix milk prices in Texas, New Mexico and other parts of the southwestern United States. The preliminary settlement, opens new tab was filed on Thursday in federal court in New Mexico and requires a judge's approval. Dairy Farmers of America will pay $24.5 million and Select Milk Producers agreed to pay $9.9 million, the settlement papers showed. Cooperatives play a central role in the marketing of milk and other dairy products in the United States. Dairy farmers who filed the lawsuit in 2022 said the two cooperatives underpaid them for the production of raw fluid Grade A milk, in violation of U.S. antitrust law. Dairy Farmers of America and Select Milk Producers have denied any wrongdoing. In a statement, Dairy Farmers of America said 'the unique complexity of the case — combined with escalating costs and ongoing disruption — made resolving this now the prudent path forward,' and that settling allowed the organization to focus on its mission. The plaintiffs' attorneys declined to comment. A lawyer for Select Milk did not immediately respond to requests for comment. Lawyers for the plaintiffs in a court filing called the proposed settlement amount 'significant,' and said it will end potentially risky further litigation over whether the lawsuit can move ahead as a class action. The settlement includes certain dairy farmers who produced and sold Grade A milk in parts of Kansas, Oklahoma, Arizona, Texas and New Mexico from January 2015 through June 2025. Dairy Farmers of America in 2015 agreed to pay $50 million to resolve a class action from farmers in the northeastern United States accusing the cooperative of conspiring to suppress milk prices. The cooperative settled a similar case in 2013 for $140 million involving farmers in the southeastern United States. The case is Othart Dairy Farms LLC v. Dairy Farmers of America Inc et al, U.S. District Court for the District of New Mexico, No. 2:22-cv-00251-SMD-DLM. For plaintiffs: W. Joseph Bruckner and Brian Clark of Lockridge Grindal Nauen; Steve Berman and Shana Scarlett of Hagens Berman Sobol Shapiro; and David Scott and Patrick McGahan of Scott + Scott Attorneys at Law For Dairy Farmers of America: Alfred Pfeiffer Jr and Sarah Ray of Latham & Watkins; and W. Todd Miller of Baker & Miller Read more: US poultry producers sued by growers over hiring and pay Deere must face FTC's antitrust lawsuit over repair costs, US judge rules Pilgrim's Pride agrees to pay $41 mln to settle investors' lawsuit Dairy collectives must face farmers' milk price-fixing lawsuit, US judge rules
