Southwest Airlines resumes near normal schedule after chaotic week
Southwest Airlines returned to a relatively normal flight plan as regulators vow a strict review of the chaos that stranded over a million passengers and left many with missing luggage. Passengers reported emptier flights while crews and planes were redeployed to restore operations after a winter storm disrupted service. U.S. Transportation Secretary Buttigieg called the disruptions unacceptable and contrasted Southwest with rival carriers that recovered faster.
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Robert Jordan
Buttigieg
Wall Street Ends 2022 With Broad Market Losses Across S P 500
Stocks closed a quiet session with the S&P 500 down 19.4 percent for 2022 the steepest annual drop since 2008 as the Nasdaq fell 33.1 percent and the Dow declined 8.8 percent. Inflation rate hikes by the Fed fueled fears of recession while Ukraine Russia supply shocks and China COVID policies weighed on markets. The S&P 500 finished at 3839.50 the Dow at 33147.25 and the Nasdaq at 10466.48 as year end assessments shifted to inflation signs and policy paths for 2023.
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Painful 2022 Markets See Little Safe Havens For Investors
The year saw rising central bank rates to fight inflation sparking volatility across stocks bonds and crypto. The S&P 500 slumped into a bear market by June with energy the lone winner while tech fell and borrowing costs rose. Inflation peaked around 9.1 percent in June and gas hit five dollars a gallon as geopolitical events fueled price swings.
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Ginni Thomas regrets post election texts to Meadows
Virginia Thomas wife of Justice Clarence Thomas testifies to the Jan 6 committee that she regrets sending several texts to then White House chief of staff Mark Meadows urging him to stand firm with Trump after the 2020 election. She called the election a heist and said she still believes irregularities occurred yet Biden is president.
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