Money

Top U.S. pipeline outage impacts aviation network

Published

3 years ago

May 11, 2021

American Airlines says it has been impacted by the shutdown of the Colonial Pipeline

The airline says it has added a stop on two long-haul flights out of Charlotte North Carolina, because of a fuel supply shortage due to the recent colonial pipeline outage.

American says its daily flight from Charlotte to Honolulu will now stop in Dallas. Passengers will be required to change planes before flying onto Honolulu, while its daily flight from Charlotte to London will stop in Boston for additional fuel.

American Airlines confirms that it’s adding stops to two flight — CLT-HNL (stopping in DFW) and CLT-LHR (stopping in BOS) due to the fuel supply shortage caused by the Colonial Pipeline shutdown. Statement: pic.twitter.com/quYLBXCQWE
— David Slotnick (@David_Slotnick) May 11, 2021

American is the first U.S. airline to report an impact from the attack on the Colonial pipeline, which carries nearly half the fuel consumed along the U.S. East Coast.

They’ve stated that that the two impacted flights are expected to return to the original schedule on May 15.

Why the country’s biggest fuel pipeline system has shutdown:

One of the United States’ major fuel pipeline operators has shut its entire network following a cyber attack that involved ransomware.

Colonial Pipeline, the source of nearly half of the US east coast’s fuel supply, said they had engaged a cyber security firm to help the investigation and contacted law enforcement and federal agencies after the attack.

The biggest U.S. gasoline pipeline won’t resume full operations for at least several more days due to a ransomware cyberattack blamed on a shadowy criminal network called DarkSide.

The attack on the Colonial Pipeline is one of the most disruptive digital ransom schemes ever reported.

While the impact remains to be quantified, the pipeline shutdown will reduce fuel availability in the near term, push up prices and force refiners to cut production because they have no way to ship the gas.

On Monday, the privately-owned company said it was working on restarting in small phases with “the goal of substantially restoring operational service by the end of the week.

Money

Will the Fed reserve’s cautious stance tame inflation or stifle growth?

Published

22 hours ago

May 2, 2024

Nathan Langridge

The Federal Reserve opted to keep interest rates unchanged, signalling concerns over the sluggish pace of inflation improvement.

On this episode of Hot Shots – US Fed Reserve aim for 2%, Elon Musk makes a bold Tesla choice, Amazon makes big movies thanks to AI and fast-food restaurants are facing a big issue with customer retention.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #hot shots #ticker today

Money

How Hotspotting is driving investment advantage

Published

3 days ago

April 30, 2024

ticker NEWS

In the real estate rumble, how can Australian’s know where to make the best investments?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

Hosted by Mark Wyld.

In this episode, Mark is joined by Tim Graham, General Manager of Hotspotting Australia.

Money

Research shows daters are looking for solvent partners

Published

2 weeks ago

April 18, 2024

Ahron Young

As the cost-of-living crisis continues to grip Australia, new research reveals a shifting landscape in the realm of dating preferences.

According to the survey conducted by eharmony, an overwhelming two-thirds of Australians are now keen to understand their potential partner’s financial situation before committing to a serious relationship.

The findings indicate a growing trend where individuals are becoming more discerning about whom they invest their affections in, particularly as the economic pressures intensify.

Good debt

While certain forms of debt, such as mortgages and student loans (e.g., HECS), are deemed acceptable or even ‘good’ debt by a majority of respondents, credit card debt, payday loans (such as Afterpay), and personal loans top the list of ‘bad’ debt, with 82%, 78%, and 73% of respondents, respectively, expressing concerns.

Interestingly, even car loans are viewed unfavorably by a significant portion of those surveyed, with 57.5% considering them to be undesirable debt.

Sharon Draper, a relationship expert at eharmony, said the significance of financial compatibility in relationships, noting that discussions around money are increasingly taking place at earlier stages of dating.

“In the past, couples tended to avoid discussing money during the early stages of dating because it was regarded as rude and potentially off-putting,” Draper explains.

“However, understanding each other’s perspectives and habits around finances early on can be instrumental in assessing long-term compatibility.”