A new analysis has revealed that the year 2022 was one of the most disruptive for airline passengers on record, with nearly 78,000 grievances filed with the U.S. Department of Transportation, travel agents, and third-party booking sites. Frontier Airlines saw the highest rate of passenger complaints, with more than 20 complaints for every 100,000 passengers who boarded its aircraft. The Bureau of Transportation Statistics reported that the number of complaints about canceled flights, lost luggage, and customer service had surged to their highest level in years. Airlines are now working to improve their customer service and address the issues that have caused so many complaints.
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Former Arkansas Gov. Asa Hutchinson has announced his candidacy for the Republican Party's 2024 presidential nomination. In his speech, he criticized the Biden administration's economic policies and promised to get the economy back on track if elected. He also highlighted his long history of public service, saying his "mettle has been tested" and he is ready to lead the country. Hutchinson's announcement marks the start of a competitive race for the nomination.
Walt Disney Co. has filed a lawsuit against Florida Gov. Ron DeSantis, alleging a "targeted campaign of government retaliation" for Disney's public opposition to DeSantis' "Don't Say Gay" bill. The lawsuit claims that DeSantis' actions violate Disney's constitutional rights and seeks an injunction to stop any action against the company. DeSantis has threatened to revoke Disney's self-governing privileges in the Orlando area and proposed a higher minimum wage for Disney than other businesses in the area. The outcome of the case is yet to be determined.
House Speaker Kevin McCarthy (R-CA) is making progress on his $4.8 trillion package, which would enable the House GOP to use the debt-ceiling as a bargaining chip in negotiations with the Senate and White House. After making changes overnight to win over holdouts, McCarthy is inching closer to passing the bill on the House floor, with a vote expected as early as today. This vote is a major test for McCarthy, who must not lose more than four GOP votes for the bill to pass, and will be a key indicator of his ability to lead the House GOP and negotiate with the Senate and White House.
Fox Corporation's stock has dropped more than $500 million following the departure of star host Tucker Carlson, who had been with Fox News for over a decade. Former President Donald Trump praised Carlson, calling him "very talented" and "terrific to me". AdWeek reported that Carlson was still a top-rated host, drawing 334,000 viewers in the 8 p.m. slot for the week ended April 20.
Sen. Joe Manchin (D-W.Va.) has threatened to repeal the Inflation Reduction Act, a major law he negotiated and passed in 2020, if the Biden administration does not honor the agreement. The Act includes billions of dollars in tax credits and deductions to reduce carbon emissions and fight climate change, and Manchin has noted that $384 billion of the Act was allocated for energy security. He has said he will vote to repeal the bill if the administration does not change course.
Fox News has announced that it is parting ways with Tucker Carlson, its far-right prime-time host, and will air "Fox News Tonight" as an interim show helmed by rotating personalities until a new host is named. Carlson was a top-rated host for the network, drawing 334,000 viewers in the coveted 25- to 54-year-old demographic in the 8 p.m. slot for the week ended April 20. Fox Corporation shares dropped after the news was released.
Bed Bath & Beyond Files for Bankruptcy Protection, Citing Struggles to Compete with Online Retailers
Bed Bath & Beyond Files for Bankruptcy Protection, Citing Struggles to Compete with Online Retailers
Bed Bath & Beyond has filed for bankruptcy protection in the U.S. District Court in New Jersey, with assets and liabilities estimated to be between $1 billion and $10 billion. The company plans to remain open and continue serving customers while conducting a limited marketing process to solicit interest in one or more sales of its assets. This filing follows years of declining sales and losses, as the company has been unable to compete with online and discount retailers.