Latest news with #BruceYuanyueBi
CNBC
08-05-2025
- Business
- CNBC
Asia-Pacific stocks set to rise as Wall Street cheers U.S.-UK trade deal outline
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets were set to mostly climb Friday, tracking Wall Street gains after U.S. President Donald Trump announced the broad outline of a trade deal with the United Kingdom — the first since the U.S. paused sweeping "reciprocal" tariffs in April. Specific details of the agreement remained unclear, and no official documents were signed during the Oval Office announcement. "The final details are being written up," Trump said. "In the coming weeks we'll have it all very conclusive." Japan's benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 37,530 while its counterpart in Osaka last traded at 37,490, against the index's last close of 36,928.63. Australia's benchmark S&P/ASX 200 is set to rise, with futures standing at 8,216, up from the index's close of 8,191.7. Futures for Hong Kong's Hang Seng index stood at 22,732, slightly lower than HSI's last close of 22,775.92. Investors in Asia will also be keeping an eye out for China's April trade figures. U.S. stock futures hovered near the flatline as investors hope that the U.S.- United Kingdom trade deal framework signals more progress to come. Overnight stateside, the three major averages closed higher. The Dow Jones Industrial Average gained 254.48 points, or 0.62%, to settle at 41,368.45. The S&P 500 rose 0.58% and closed at 5,663.94. The Nasdaq Composite advanced 1.07% to end at 17,928.14. — CNBC's Sean Conlon and Pia Singh contributed to this report. The broad market index added 0.58% to close at 5,663.94, while the Nasdaq Composite gained 1.07% to end at 17,928.14. The Dow Jones Industrial Average climbed 254.48 points, or 0.62%, and settled at 41,368.45. — Pia Singh
Yahoo
05-05-2025
- Yahoo
What Is Causing the Newark Airport Flight Delays?
All products featured on Condé Nast Traveler are independently selected by Condé Nast Traveler editors. However, when you buy something through our retail links, Condé Nast may earn an affiliate commission. Bruce Yuanyue Bi/Getty As of Friday May 2, Newark Airport continues to battle with rampant flight delays due to a combination of staffing shortages, equipment issues, runway construction, and wind conditions. The Federal Aviation Administration said in Friday alert that arriving flights are being delayed an average of 90 minutes, noting that departing flight schedules are also affected. Inbound flights to Newark Airport are being delayed at their origin an average of 1 hours 32 minutes, according to the flight-tracking website FlightAware. "You may experience delays and cancellations at @EWRairport due to a combination of @FAA staffing shortages, @FAA equipment issues, and wind conditions," EWR posted on May 1 on X. "Please check your flight status with your airline before heading to the airport." United Airlines is dealing with the bulk of the flight delays. The Chicago-based carrier has issued a flight waiver for trips between May 1 and May 3 for impacted passengers: 'You can reschedule your trip and we'll waive change fees and fare differences," the airline website said in a travel alert. "But, your new flight must be a United flight departing between April 30, 2025 and May 8, 2025. Tickets must be in the same cabin and between the same cities as originally booked.' The chaos at Newark Airport began earlier this week when the FAA began slowing arrivals and departures due to telecommunications and equipment issues at Philadelphia TRACON, the air traffic control tower that guides aircraft in and out of Newark Airport. "Both have been resolved, but now there are staffing issues at Philadelphia TRACON," the FAA said in a statement on Monday. This week's issues at Newark Airport are the consequences of a nationwide problem. The FAA is currently short 3,000 air traffic controllers across the US and is dealing with outdated air traffic control technology. When those two problems combine with localized challenges like poor weather conditions and airport construction, it creates a perfect storm—and an imperfect travel day. Transportation Secretary Sean Duffy held a press conference on Thursday to outline the agency's plan to boost hiring by increasing controller pay and offering incentives against early retirement. 'We're hoping in 3-4 years we can get to full staffing, not 20 years,' he said. 'How do you make up the gap? We can't snap our fingers to make up the numbers." The combination of issues at Newark Airport has prompted concerns that the air travel hub located just outside of New York City—one of the busiest in the US—could continue to see disruptions as the peak summer travel season approaches. The Department of Transportation now requires airlines to provide automatic refunds to passengers if their flight is canceled or significantly changed. Here's a breakdown of the new DOT rules and how to receive flight delay compensation. This is a developing news story and will be updated with more information as it becomes available. Originally Appeared on Condé Nast Traveler The Latest Travel News and Advice Want to be the first to know? Sign up to our newsletters for travel inspiration and tips Stop Counting the Countries You Visit How Safe Is Flying Today? 5 Things Experts Want Travelers to Know The Best Places to See the Northern Lights Worldwide
Yahoo
02-05-2025
- Yahoo
What Is Causing the Newark Airport Flight Delays?
All products featured on Condé Nast Traveler are independently selected by Condé Nast Traveler editors. However, when you buy something through our retail links, Condé Nast may earn an affiliate commission. Bruce Yuanyue Bi/Getty As of Friday May 2, Newark Airport continues to battle with rampant flight delays due to a combination of staffing shortages, equipment issues, runway construction, and wind conditions. The Federal Aviation Administration said in Friday alert that arriving flights are being delayed an average of 90 minutes, noting that departing flight schedules are also affected. Inbound flights to Newark Airport are being delayed at their origin an average of 1 hours 32 minutes, according to the flight-tracking website FlightAware. "You may experience delays and cancellations at @EWRairport due to a combination of @FAA staffing shortages, @FAA equipment issues, and wind conditions," EWR posted on May 1 on X. "Please check your flight status with your airline before heading to the airport." United Airlines is dealing with the bulk of the flight delays. The Chicago-based carrier has issued a flight waiver for trips between May 1 and May 3 for impacted passengers: 'You can reschedule your trip and we'll waive change fees and fare differences," the airline website said in a travel alert. "But, your new flight must be a United flight departing between April 30, 2025 and May 8, 2025. Tickets must be in the same cabin and between the same cities as originally booked.' The chaos at Newark Airport began earlier this week when the FAA began slowing arrivals and departures due to telecommunications and equipment issues at Philadelphia TRACON, the air traffic control tower that guides aircraft in and out of Newark Airport. "Both have been resolved, but now there are staffing issues at Philadelphia TRACON," the FAA said in a statement on Monday. This week's issues at Newark Airport are the consequences of a nationwide problem. The FAA is currently short 3,000 air traffic controllers across the US and is dealing with outdated air traffic control technology. When those two problems combine with localized challenges like poor weather conditions and airport construction, it creates a perfect storm—and an imperfect travel day. Transportation Secretary Sean Duffy held a press conference on Thursday to outline the agency's plan to boost hiring by increasing controller pay and offering incentives against early retirement. 'We're hoping in 3-4 years we can get to full staffing, not 20 years,' he said. 'How do you make up the gap? We can't snap our fingers to make up the numbers." The combination of issues at Newark Airport has prompted concerns that the air travel hub located just outside of New York City—one of the busiest in the US—could continue to see disruptions as the peak summer travel season approaches. The Department of Transportation now requires airlines to provide automatic refunds to passengers if their flight is canceled or significantly changed. Here's a breakdown of the new DOT rules and how to receive flight delay compensation. This is a developing news story and will be updated with more information as it becomes available. Originally Appeared on Condé Nast Traveler The Latest Travel News and Advice Want to be the first to know? Sign up to our newsletters for travel inspiration and tips Stop Counting the Countries You Visit How Safe Is Flying Today? 5 Things Experts Want Travelers to Know The Best Places to See the Northern Lights Worldwide
