Good Morning! On this date in 1509, King Henry VIII of England married Catherine of Aragon, the first of his six wives. Henry later divorced her against the will of the Catholic Church, sparking the Protestant Reformation in England.
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Firm Buys 1.9 Billion Stake in Southwest Airlines
Elliott Investment Management bought a $1.9 billion stake in financially struggling Southwest Airlines, calling for the ouster of CEO Robert Jordan and other leadership changes.
The fund’s executives sent a letter to Southwest’s board on Monday describing Jordan’s performance as a disappointment for shareholders, employees, and customers. Southwest’s stock price has dropped more than 50% in the last three years.
The investment company said Southwest needed to update its operational and technological systems and said the current executive team is “not up to the task of modernizing Southwest.”
The National Highway Traffic Safety Administration has issued a widespread recall affecting at least a half-dozen popular vehicle models from various manufacturers.
Among the affected models are certain Kia Telluride vehicles, which could catch fire while parked or driving. Other recalls include Chrysler SUVs and pickup trucks, electric models from Volvo, as well as some models from Honda, Toyota, and Ford.
To check if a car is affected by this recall, the NHTSA offers a database that’s searchable by license plate, VIN, and other criteria.
List: The Best Beach in Every State
A new list of the best beaches in every state in the U.S. shows that it’s not only the coasts that offer beach fun—even landlocked states have popular waterfront destinations.
The list features some unusual beaches. Black Sand Beach in Alaska not only has black sand but also water cascading down from hanging glaciers. And in Illinois, Oak Street Beach on Lake Michigan is a few minutes walk from the glossy shops on Michigan Avenue.
For interior states, the beaches are on large lakes or rivers, some near cities and some deep in rural areas. You can see the best beach in your state here.
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➤ Jury deliberations in Hunter Biden’s federal gun trial began on Monday as jurors considered whether Biden illegally purchased a firearm while addicted to drugs. (More)
➤ A new Gallup survey revealed that the Democratic party has become more liberal over the past 25 years, with significantly fewer identifying as socially conservative or moderate. (More)
➤ A Coast Guard Academy official says she plans to resign after claiming that she was ordered to lie to victims of sexual assault and harassment at the military school. (More)
➤U.S. officials Monday asked the U.N. Security Council to vote on a resolution laying out an immediate truce in Gaza. The measure is meant to put pressure on Hamas to accept a peace proposal. (More)
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➤ USA Basketball selected Indiana Fever rookie Caitlin Clark as an alternate for the 2024 Olympics team, days after the No. 1 overall pick was left off the 12-woman roster. (More)
➤ The Pittsburgh Steelers signed head coach Mike Tomlin to a three-year extension on Monday, extending the NFL’s longest-tenured coach’s contract through at least the 2027 season. (More)
➤ College basketball coach Dan Hurley rejected the Los Angeles Lakers’ six-year, $70 million offer on Monday and will return to pursue a third consecutive national title at UConn. (More)
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
17,192.53
+0.35%
▲
SPX S&P 500
5,360.79
+0.26%
▲
DJI Dow Jones Industrial Average
38,868.04
+0.18%
▼
BTC Bitcoin
$69,414.10
-0.34%
▲
GOLD Per Ounce
$2,327.30
+0.96%
▼
GME GameStop Corp.
$24.83
-12.01%
➤Big Stock Move: GameStop shares dropped an additional 12% Monday after falling 39% on Friday as investors pulled back. (More)
➤ AI chip leader Nvidia split its shares 10-for-1 to attract more investors and is now trading at around $120 per share. (More)
➤Colorado’s pioneering cannabis market plummeted as other states legalized marijuana and eroded the state’s competitive advantage. (See Details)
➤ British oil giant BP now requires all employees to disclose intimate relationships with colleagues, following the dismissal of its former CEO for misconduct. (More)
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➤ The Blaze Star, a recurrent nova, will erupt soon for the first time since 1946, becoming visible to the naked eye for a week between now and September. (See Illustration)
➤Giant penguins may have thrived alongside a 900-mile-long river in Antarctica about 40 million years ago when the continent’s coast resembled a boggy swampland. (More)
➤ African elephants call each other by unique names, using low rumbles that carry over long distances across the savanna, according to new research. (More)
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➤JetBlue and Southwest offer the most legroom for economy travelers in an era of shrinking airplane seats, according to a new study. (See Chart)
➤ Eleven U.S. national parks offer opportunities for visitors to find and work with actual fossils. (See List)
➤ One of the most isolated hotels on Earth sits on a remote Swedish island. Situated next to a former Pater Noster lighthouse, the hotel offers nine rooms, complete with a sauna perched atop the rocks. (See Photos)
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➤An Austrian Airlines flight flew through a hailstorm on Sunday, causing significant damage to the cockpit windows, coverings, and the nose before landing safely in Vienna. (See Photos)
➤Fifty-five pounds of packaged cocaine worth $450,000 washed up on an Alabama beach last week— just one day after divers discovered the same amount of the drugs off the coast of Florida. (See Photo)
➤A kite surfer, stranded on a California beach on Sunday, was spotted by a private helicopter after spelling “Help” with rocks in the sand. (See Photos)
Firm Buys 1.9 Billion Stake in Southwest Airlines
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