Southwest flight upheaval a ‘system failure,’ U.S. says

Southwest flight upheaval a ‘system failure,’ U.S. says

U.S. Transportation Secretary Pete Buttigieg on Wednesday ratcheted up pressure on Southwest Airlines (LUV.N), saying thousands more canceled flights indicated a system failure at the low-cost carrier. “We are past the point where they could say this is a...
S&P 500, Nasdaq close lower, weighed by growth stocks

S&P 500, Nasdaq close lower, weighed by growth stocks

Wall Street ended lower at the beginning of a holiday-shortened week on Tuesday, as rising U.S. Treasury yields pressured interest rate sensitive megacap shares. Growth stocks (.IGX) dragged the tech-laden Nasdaq down the most. The S&P 500 joined the...