‘Unprecedented’: The most punctual global airline last year was ‘absolutely’ a surprise, analytics firm CEO says
Economy

‘Unprecedented’: The most punctual global airline last year was ‘absolutely’ a surprise, analytics firm CEO says

Aeromexico was the most punctual global airline in 2024, according to a report published by aviation analytics company Cirium. Some 86.7% of its tracked flights arrived “on-time,” defined as arriving within 15 minutes of scheduled arrival times. This result was “absolutely” a surprise, Cirium CEO Jeremy Bowen told “Squawk Box Asia” Friday. “They’ve had a […]

Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’
Economy

Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’

CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Caravan on Thursday, claiming the online used-car retailer’s recent turnaround is a “mirage” that is being propped up by unstable loans and accounting manipulation. The report, called “Carvana: A Father-Son Accounting Grift For The Ages,” centers on Carvana’s practice […]

Cryptocurrencies jump to start 2025, bitcoin rises back above $97,000
Economy

Cryptocurrencies jump to start 2025, bitcoin rises back above $97,000

Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024. Given Ruvic | Reuters Cryptocurrencies rose to start the year, rebounding from recent losses as investor optimism returned to the market. The price of bitcoin rose 3% to $97,234.80 Thursday, bringing its new year gain to nearly 4% when counting trading from the […]

Far right makes strong gains in EU elections as center holds majority
Economy

Far right makes strong gains in EU elections as center holds majority

Populist, far-right parties won record support in this year’s European Parliament elections, according to provisional results on Monday. The far-right Identity and Democracy group made major gains, while the right-wing European Conservatives and Reformists saw a slight uptick in votes. The center-right European People’s Party once again won the most parliamentary seats, with a marginally […]