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Month: April 2025

Delta had been expecting a record year. Then a trade war broke out

Delta had been expecting a record year. Then a trade war broke out

By MICHELLE CHAPMAN, Associated Press Business Writer

Delta Air Lines, which believed as recently as January that it was on track for its best financial year in company history, said Wednesday that disruptions in global trade have created such enormous uncertainty that it scratched its performance expectations for 2025.

It is a remarkable walk-back for the nation’s most profitable airline, and other companies are following suit. Hours after Delta remove its guidance for the year, Walmart dropped the first quarter operating profit guidance it had provided to investors, citing tariff risks.

Delta is cutting its flight schedule in anticipation of a slowdown in spending as businesses and households brace for higher prices.

“With broad economic uncertainty around global trade, growth has largely stalled,” CEO Ed Bastian said in a statement on Wednesday. “In this slower-growth environment, we are protecting margins and cash flow by focusing on what we can control. This includes reducing planned capacity growth in the second half of the year.” read more

ULA sets up for 1st launch of year on landmark Amazon satellite mission

ULA sets up for 1st launch of year on landmark Amazon satellite mission

United Launch Alliance has not had a rocket lift off since last fall, but its first one of 2025 is set to open the gates for dozens planned to proliferate Amazon’s internet satellite constellation Project Kuiper.

An Atlas V rocket is targeting liftoff at 7 p.m. from Cape Canaveral Space Force Station’s Space Launch Complex 41 on the Kuiper 1 mission carrying 27 of the satellites. The launch window runs through 9 p.m.

Amazon has contracted with ULA to fly up seven more batches on the few remaining Atlas V rockets in ULA’s stable as well as an additional 38 on ULA’s new Vulcan rocket. It also has dozens more contracted to fly on Blue Origin, Arianespace and even some SpaceX launches.

It’s part of Amazon’s effort to get 3,232 satellites into low-Earth orbit by 2029, and compete with the likes of SpaceX’s Starlink service.

Amazon’s license from the Federal Communications Commission requires half of the satellites be placed in orbit by July 31, 2026.

So far, Amazon has flown two test satellites — in late 2023. That paved the way, though, for operational hardware production at company facilities in Washington. Also in the works is a new satellite processing facility at an 80-acre site at the Kennedy Space Center’s former Shuttle Landing Facility. read more

Universal moves ahead with theme park plans for England

Universal moves ahead with theme park plans for England

Comcast NBCUniversal plans to build a theme park and resort in England, and the project will have roots in Orlando, the company has confirmed.

The Universal theme park would be the company’s first in the United Kingdom and Europe. It will be “designed and delivered by the company’s Universal Destinations & Experiences segment,” which is based in Orlando, according to a Comcast news release.

The company purchased 476 acres of land in Bedford, about 50 miles north of London, in 2023.

A new theme park would include “several themed lands,” a 500-room hotel and a retail and dining complex. The project is subject to planning approval and a proposal will be submitted to the government for a hoped-for construction start in 2026, the news release says.

“This is a special and historic milestone moment for our company as we continue to accelerate the growth trajectory of our theme-parks business and delight audiences around the world,” Mike Cavanagh, president of Comcast, said in the release. read more

Asked on Reddit: Where should I put an unexpected inheritance?

Asked on Reddit: Where should I put an unexpected inheritance?

By Kimberly Palmer, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

A Reddit user recently turned to the platform for some advice: Their grandfather had passed away the previous year and left each grandchild an inheritance of $17,000.

The recipient wasn’t sure what to do with the money. Possibilities included using the funds to help buy a house or save money for the future.

Reddit users had lots of other ideas for the money. They suggested investing, splurging on something meaningful like nice cookware or pursuing education like a career-training program. One user suggested pretending the money didn’t exist so it was there in case of an emergency.

We reached out to three certified financial planners for their professional take on this topic. They offered the following strategies: read more

Asian supermarket customers brace for price hikes as Trump tariffs take effect

Asian supermarket customers brace for price hikes as Trump tariffs take effect

By TERRY TANG and KARENA PHAN, Associated Press

LOS ANGELES (AP) — Loyal customers of Asian supermarkets and other grocery stores that specialize in selling imported food heaved a collective sigh of dismay when President Donald Trump announced extra-high U.S. tariffs on goods from dozens of countries.

What would happen to prices at 99 Ranch Market and H Mart?, wondered Asian Americans and immigrants who shop at the two American chains for preferred brands like Japan’s Kewpie mayonnaise and China’s Pearl River light soy sauce.

General manager Sungrae Kim from the H Mart arranges electric... General manager Sungrae Kim from the H Mart arranges electric rice cookers imported from Korea in Niles, Ill., Thursday, April 3, 2025. (AP Photo/Nam Y. Huh) Boxes of dried anchovy imported from Korea are displayed at... Boxes of dried anchovy imported from Korea are displayed at the H Mart in Niles, Ill., Thursday, April 3, 2025. (AP Photo/Nam Y. Huh) Frozen shrimps are seen at the H Mart in Niles,... Frozen shrimps are seen at the H Mart in Niles, Ill., Thursday, April 3, 2025. (AP Photo/Nam Y. Huh) Imported bags of rice sit for sale at the Hiep... Imported bags of rice sit for sale at the Hiep Thai grocery store in Garland, Texas, Monday, April 7, 2025. (AP Photo/LM Otero) Chan ‘Bill’ Vuu, owner of Hiep Thai grocery store, walks... Chan ‘Bill’ Vuu, owner of Hiep Thai grocery store, walks past cashiers and customers at his family’s store in Garland, Texas, Monday, April 7, 2025. (AP Photo/LM Otero) Bags of rice imported from Vietnam are displayed at an... Bags of rice imported from Vietnam are displayed at an Asian grocery market in Rowland Heights, Calif., Thursday, April 3, 2025. (AP Photo/Jae C. Hong) Bags of rice are stacked for sale at the Mitsuwa... Bags of rice are stacked for sale at the Mitsuwa Marketplace in Edgewater, N.J., Monday, April 7, 2025. (AP Photo/Pablo Salinas) Snacks are displayed on a “sale” counter at the Mitsuwa... Snacks are displayed on a “sale” counter at the Mitsuwa Marketplace in Edgewater, N.J., Monday, April 7, 2025. (AP Photo/Pablo Salinas) A Gashapon stand is seen at the Mitsuwa Marketplace in... A Gashapon stand is seen at the Mitsuwa Marketplace in Edgewater, N.J., Monday, April 7, 2025. (AP Photo/Pablo Salinas)

“We’re all going to be crying in H Mart,” a TikTok user commiserated, referencing the title of a bestselling memoir by Korean American musician Michelle Zauner as other posters shared videos of their “pre-tariff hauls” from Asian supermarkets.

The steeper tariff rates Trump set for imports from nations he accused of unfair trade practices took effect first thing Wednesday along with a 10% baseline tax on products from the rest of the world. read more