Passenger volume at Newark Airport, where United is king, fell 20% in May

-20%

6/27/25

Canceled flights and widespread unease about outdated tech and air traffic controller staffing shortages had a pretty substantial impact on Newark Liberty International Airport’s traffic numbers last month. Passenger volume plunged 20% year over year at the airport in May, according to Port Authority officials at a Thursday meeting.

Back-of-the-napkin math puts that reduction at about 880,000 passengers whose flights were either canceled or who decided against flying out of Newark during the stretch.

The airport’s struggles are expected to weigh heaviest on United Airlines, which controls more than 70% of Newark’s passenger traffic. The airport represents about 20% of United’s revenue, and analysts expect its spring woes to ding United’s bottom line in the second quarter. United cut about 35 flights from its daily schedule at Newark last month.

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Millie Giles

WITHDRAWALS

Bank branches are still closing at breakneck speed in the US

Institutions such as Chase and Wells Fargo closed 76 locations in just six weeks over the summer, per the OCC.

Indianapolis - March 2016: Chase Bank III

Nia Warfield

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Max Knoblauch

21h

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Nia Warfield

9/8/25

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.

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fighting fit?

9/8/25

Healthcare is expected to remain the engine of America’s job market through 2034

Not everyone is as sure as the BLS about the industry’s prospects.

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