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Delta, United to face class action over high airfares

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Delta Air Lines and United Airlines have been ordered by a federal judge to face a consumer antitrust class action lawsuit alleging that major U.S. carriers conspired to artificially inflate domestic airfares by reducing available seating capacity.

U.S. District Judge Colleen Kollar-Kotelly in Washington, D.C., delivered her decision on Tuesday, acknowledging that passengers had presented a “fair amount” of circumstantial evidence indicating a conspiracy to limit seating capacity, ultimately boosting industry profits.

The lawsuit, initiated in 2015 following a U.S. Department of Justice investigation into potential anticompetitive practices by airlines, persisted despite the absence of formal charges. Passengers asserted that a conspiracy dating back to 2009, characterised as “capacity discipline” by the carriers, drove up ticket prices and limited flight options.

Previously, American Airlines and Southwest Airlines settled the claims for $45 million and $15 million, respectively, without admitting wrongdoing.

Delta and United defended their seat capacity reductions, describing them as legitimate responses to decreased demand, rising fuel costs, and the 2008 global financial crisis. United even termed it “perfectly rational Economics 101.”

Both airlines had recently emerged from bankruptcy, with United in 2006 and Delta in 2007.

Delta, responding to the judge’s decision, expressed its commitment to continue defending against the lawsuit, asserting that it had always independently determined capacity based on market demand.

United, on the other hand, expressed disappointment and indicated its intention to seek reconsideration of the ruling or file an appeal.

The settlements involving American and Southwest gained final court approval in 2019, but payouts to affected passengers will not commence until the claims against Delta and United are resolved. 

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Australia’s new National AI Plan aims to transform the future of tech

Australia’s National AI Plan aims to make it a global leader in AI, focusing on safe, responsible innovation and workforce support.

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Australia’s National AI Plan aims to make it a global leader in AI, focusing on safe, responsible innovation and workforce support.


Australia has unveiled its ambitious National AI Plan, a blueprint designed to position the country as a global leader in artificial intelligence. The plan focuses on building smarter infrastructure, strengthening domestic capability, and encouraging innovation across a wide range of sectors.

A key priority is ensuring the safe and responsible use of AI technologies. This includes frameworks to prevent harm, attract global investment, and boost industry collaboration while unlocking opportunities for businesses and communities across the nation.

The government also aims to support and upskill Australian workers, promoting widespread adoption of AI and improving public services. The vision is to ensure every corner of the country benefits from the next wave of technological progress.

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#AustraliaAI #TechPolicy #ArtificialIntelligence #FutureOfWork #DigitalTransformation #InnovationNews #AIRegulation #TickerNews


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Stocks rebound as Bitcoin and tech surge ahead of Fed meeting

Stocks rebound as tech and bitcoin rise, fueled by optimism over potential Fed interest rate cuts.

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Stocks rebound as tech and bitcoin rise, fueled by optimism over potential Fed interest rate cuts.


Stocks bounced back today as investors cheered gains in technology shares and bitcoin. Optimism is building around a potential interest rate cut from the Federal Reserve on December 10, fueling a bullish mood in the markets.

December has historically been a strong month for equities, with the S&P 500 averaging more than a 1% gain. Analysts are watching closely as the final weeks of the year could set the tone for 2026.

For expert insights, Chris Weston from Pepperstone breaks down what investors should watch and how the market could react to the Fed’s next move.

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#Stocks #Bitcoin #TechStocks #MarketUpdate #Investing #SP500 #FederalReserve #Trading


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Kristi Noem pushes to expand U.S. travel ban amid rising security concerns

Noem calls for expanding U.S. travel ban amid security concerns following a deadly shooting, citing risks from additional countries.

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Noem calls for expanding U.S. travel ban amid security concerns following a deadly shooting, citing risks from additional countries.


Homeland Security Secretary Kristi Noem is calling for a major expansion of the U.S. travel ban, arguing that more countries are sending dangerous migrants into the United States. Her proposal would widen the list from 19 to as many as 30 nations, although the exact countries have not been named.

The push follows a deadly shooting in Washington that killed a young Army specialist and left another critically injured. Noem says the attack highlights growing national security gaps.

The conversation is now shifting to how the U.S. evaluates travel risks and the broader political consequences.

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#KristiNoem #TravelBan #USPolitics #HomelandSecurity #MigrationPolicy #BreakingNews #USBorder #TickerNews


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