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Mexico’s airline and government officials say it could take months to regain Category 1 status after the US removed its aviation safety certification. The FAA delayed a required technical study, dealing a blow to an industry struggling from safety difficulties in Mexico City’s airspace.
Written by: Haiden Holmes
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Lyft Inc (NASDAQ:LYFT) will curtail hiring and explore budget cuts in certain divisions, following competitor Uber Technologies Inc (NYSE:UBER) . Lyft expects no layoffs and will provide qualifying employees stock options.
Written by: Charlie Brooks
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Dow Jones Futures increased 0.4% after major markets ended neutral. Snap Inc (NYSE:SNAP) warned of slowing growth, which spooked tech stocks. Dow Jones Industrial Average, S&P 500 Futures, and Nasdaq 100 Futures climbed 0.5% about 10:45pm ET (6:50pm ET).
Written by: Aria Thomas
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Apple and Microsoft boosted the three major U.S. stock indices by 1.6 to 2.0%. (NASDAQ:MSFT). Wall Street recorded its longest stretch of weekly losses since the dotcom bubble crashed. Banks and market-leading tech corporations drove the increase.
Written by: Haiden Holmes
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In 2018, SpaceX paid $250,000 to settle a sexual harassment claim filed by a flight attendant of a private jet who accused Musk of exposing himself to her. On Monday, CNBC reported that SpaceX president Gwynne Shotwell defended Elon Musk against a sexual misconduct allegation.
Written by: Charlie Brooks
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