US airlines canceled nearly 900 flights today, the fewest in six days, after staffing improvements among air traffic controllers reduced the delay rate from an average of 5% to 1% on Tuesday.
The Federal Aviation Administration (FAA) is currently imposing a flight-capacity limit of 6% at the nation’s 40 busiest airports, down from an 8% cut set for Thursday. Some carriers expect the limit to rise to 10% by Friday if staffing conditions worsen.
The staffing problem is a result of the ongoing federal government shutdown, which has left many air traffic controllers working without pay and a shortage of approximately 3,500 controllers.
Mega Millions jackpot nears $1 billion as lottery fever rises in the country
(Photo by Joe Radel/Getty Images)
No one entered Tuesday night’s Mega Millions jackpot, increasing the prize for Friday’s drawing to an estimated $965 million. This is the eighth largest prize in the history of the game. The cash option is worth approximately $445 million before taxes. The winning numbers were 10, 13, 40, 42, 46 and Mega Ball 1. While millions of players are hoping to strike it rich, the odds of taking home the top prize remain a serious 1 in 290 million. Soaring ticket sales are filling state coffers and raising excitement about the National Lottery as another billion dollars is on the way.
Skims scores $225 million and valuation rises to $5 billion
Photo by TheStewartofNY/WireImage
Kim Kardashian’s shapewear and apparel brand Skims has raised $225 million in a new funding round led by Goldman Sachs Alternatives, boosting its valuation to $5 billion. The company, co-founded by Kardashian and entrepreneur Jens Grede, plans to use the investment to expand beyond its signature shapewear to beauty, activewear and physical retail stores around the world. Skims is on track to surpass $1 billion in net sales this year, overtaking longtime rivals like Victoria’s Secret and Under Armour. The deal solidifies Kardashian’s transformation from reality star to serious business mogul, and it establishes Skims as a global lifestyle powerhouse.
The penny is about to go out of circulation
Photo by Matthew Hatcher/Getty Images)
The U.S. Mint has officially struck its last penny, ending more than two centuries of production of America’s smallest coin. The decision comes after years of debate over costs. It now costs about four cents to make a single. While the pennies will remain in circulation for the foreseeable future, no new pennies will be minted, saving taxpayers an estimated $50 million per year. This change reflects the quiet death of fishing for additional changes in the register. Some stores are already rounding prices to the nearest nickel, signaling the beginning of the post-penny era.
US airlines canceled nearly 900 flights today, the fewest in six days, after staffing improvements among air traffic controllers reduced the delay rate from an average of 5% to 1% on Tuesday.
The Federal Aviation Administration (FAA) is currently imposing a flight-capacity limit of 6% at the nation’s 40 busiest airports, down from an 8% cut set for Thursday. Some carriers expect the limit to rise to 10% by Friday if staffing conditions worsen.
The staffing problem is a result of the ongoing federal government shutdown, which has left many air traffic controllers working without pay and a shortage of approximately 3,500 controllers.
The remainder of this article is locked.
Connect with Entrepreneur, For access today.
