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American Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending the stock higher.American expects to earn between 45 cents and 75 cents per share in the fourth quarter, above the 31 per share cents analysts expected. That brought American’s full-year earnings guidance to between 65 cents and 95 cents per share, well above the projected 43 cents per share Wall Street forecast. The carrier expects its fourth-quarter capacity to grow between 3% and 5% over the same period last year.Read more CNBC airline…

Despite the ongoing government shutdown, U.S. lawmakers are reaching across the aisle to address recent incidents impacting air travelers.The Senate Commerce, Science and Transportation Committee recently introduced the Rotorcraft Operations Transparency and Oversight Reform (ROTOR) Act in response to January’s deadly collision between an American Airlines regional jet and an Army Black Hawk helicopter over Washington, D.C. If signed into law, the bill, which is heading to a full Senate vote, would require all aircraft in controlled airspace to be fitted with Automatic Dependent Surveillance-Broadcast (ADS-B) equipment.This is significant in that a National Transportation Safety Board (NTSB) hearing about the…

The U.K.’s Competition and Markets Authority (CMA) said on Wednesday that it’s designating Apple and Google with strategic market status in their respective mobile platforms. The decision, which affects the companies’ operating systems, app stores, browsers, and browser engines, will enable the regulator to take targeted actions to enhance competition in the space. The CMA had launched investigations into Apple and Google in January, and had proposed interventions in July that indicated the tech giants could be designated with strategic market status (SMS). To reach its conclusions, the CMA consulted over 150 stakeholders and had discussions with both Apple and…

WELLINGTON, New Zealand (AP) — Swathes of New Zealand were pummeled by dangerous winds for the second time in a week on Thursday, with howling gales canceling hundreds of flights, causing electricity blackouts and forcing school closures. The gales were worst in the lower North Island, where the capital Wellington is located, and in parts of the South Island, including the city of Christchurch. The national forecaster MetService issued rare “red” wind warnings, the highest level of alert, for several regions. No deaths or serious injuries were reported. When a different weather system battered the country on Monday, a Wellington…

Krisanapong Detraphiphat | Moment | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Lawyers to the wealthy are advising clients to ramp up their charitable giving this year to take advantage of tax advantages that will decline in 2026.President Donald Trump’s sweeping tax-and-spending bill included provisions that reduce the tax benefits of charitable giving for high earners. Since the provisions don’t take effect until next year, advisors to wealthy donors are recommending they frontload or “bunch”…

Meta’s chief AI officer, Alexandr Wang, wrote in a memo to staff on Wednesday that the company will cut about 600 jobs from its superintelligence lab, according to a report from Axios. Meta declined to comment, but told TechCrunch that Axios’ reporting is accurate. As Meta, OpenAI, Anthropic, Google, and other companies race to build the most powerful AI systems, Meta had a busy summer on the hiring front. The company poached more than 50 researchers from its competitors by offering multimillion-dollar pay packages, though OpenAI CEO Sam Altman claimed that “none of [OpenAI’s] best people” took the offers. “By…

Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland.Roberto Schmidt | AFP | Getty ImagesThe majority of would-be homebuyers expect mortgage rates to continue their recent decline, and it’s one of the main reasons why they’re waiting to make a purchase, according to the findings of a new CNBC Housing Market Survey.Rates have been creeping down over the last few months and are hovering around the lowest level in a year, with the average rate on the popular 30-year fixed loan now sitting at 6.17%, according to Mortgage News Daily. But…

On Monday, SkyWest Flight 6569 from Omaha to Los Angeles, a regional American Airlines flight, made an abrupt return to Eppley Airfield (OMA) minutes into its flight, after the pilots feared a potential hijacking. In a statement, SkyWest said that the flight, “returned to Omaha out of abundance of caution after experiencing communication issues with a flight crew mic.” Shortly after takeoff, the flight crew was having problems with getting the communication system with the cockpit to work and began knocking on the cockpit door. The pilots feared there could be a breach of the cockpit in an attempted hijacking…

Ever wonder if you’re talking to a real person online or just another bot? As bots increasingly outnumber humans online, leading to an explosion of deepfakes and AI-driven fraud, one company has a solution straight out of sci-fi: scanning your iris to verify your identity.  Today on TechCrunch’s Equity podcast, Rebecca Bellan spoke with Adrian Ludwig, Chief Security Officer and Chief Architect at Tools for Humanity, the company behind World’s eye-scanning Orbs appearing around the globe. Bellan and Ludwig discuss building privacy-first identity verification, the open-source approach to biometric tech, and why proving humanity matters now more than ever.  Listen…

NEW YORK (AP) — Weddings are meant to be celebrations of love. They also may require invited guests to make a financial commitment that brings them stress. Whether it’s paying for hotels and flights to attend a destination wedding or different outfits and gifts for multiple pre-wedding events, friends and extended family often feel pressure to spend a large amount of money before the couple gets married. A sense of obligation and budget constraints can create resentment, hurt feelings and misunderstandings among friends and family. Future spouses who are trying to plan their dream wedding and are worried about their…