Airlines Earn $157b In Fees But Passengers Pay 40% Less To Fly

USATF's 2024 tax return, released this week, highlights a significant increase in revenue alongside a decrease in net assets. This report provides insight into how the governing body managed its finances during an Olympic year.

Fuel and energy prices are on the rise this year, contradicting earlier claims of stability. The increases in diesel and electricity prices are particularly alarming, raising concerns about the economic impact on consumers and businesses alike.

Donald Trump has called for federal regulation of artificial intelligence (AI) to counteract what he describes as 'woke' state laws. This statement follows his warning that overregulation at the state level poses a threat to the growth of AI technologies.

Larry Page, cofounder of Google, has surpassed Jeff Bezos to become the world's third richest person following the announcement of the Gemini 3 AI model. Page's wealth increased by approximately $7.6 billion, while Sergey Brin, also a cofounder, gained around $7 billion. This shift in rankings highlights the financial impact of advancements in artificial intelligence.

Doubts have arisen regarding the accuracy of Disney's financial documents, as it was revealed that the revenue from its theme parks division reached the lowest level of the year during the summer season for the past two consecutive years. This contradicts the company's claims in its filings that revenue typically increases during this period.

Target has expressed concerns that holiday sales will not be sufficient to reverse a challenging year for the retailer. The company is facing significant consumer anxiety, which is expected to impact spending during the holiday season.

Incoming Target CEO Michael Fiddelke has announced plans to invest over $5 billion to revitalize the retailer's performance following a challenging earnings report. This investment marks an increase of $1 billion from previous plans as the company aims to improve its financial outlook.

The U.S. trade deficit decreased in August as President Trump's tariffs on trade partners came into effect. New data indicates that these tariffs have contributed to a reduction in trade volumes, reflecting the immediate impact of the administration's trade policies.