How Zelle is different from Venmo, PayPal and CashApp

More than half of smartphone users in the U.S. are sending money via some sort of peer-to-peer payment service to send money to friends, family and businesses. Stocks of payment services like PayPal, which owns Venmo, and Block, which owns Cash App, boomed in 2020 as more people began sending money digitally. related investing news Zelle, which launched in 2017, stands out from the pack in a few ways. It’s owned and operated by Early Warning Services, LLC, which is co-owned by seven of the big banks and it’s not…

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Southwest faces Senate hearing next week following holiday meltdown

John and Lori Ingoldsby, who drove to Denver after the first leg of their flight on Southwest Airlines was canceled, wait for a flight to finish their trip at Denver International Airport on December 28, 2022 in Denver, Colorado. Michael Ciaglo | Getty Images Southwest Airlines‘ chief operating officer, Andrew Watterson, will face questions from a Senate panel next Thursday about the carrier’s holiday meltdown that stranded hundreds of thousands of travelers. Southwest said the hearing date overlapped with “a previous commitment” for CEO Bob Jordan. Jordan, who has been…

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Hong Kong will give away half a million plane tickets. Here’s who can get them first

Hong Kong’s new global promotional campaign will “kickstart” the city’s reopening to international travelers, the Hong Kong Tourism Board told CNBC’s “Squawk Box Asia” on Friday.  As part of the “Hello Hong Kong” campaign, which was launched on Thursday, 500,000 air tickets will be given away over the next six months, starting in March. The tickets will be given out through three Hong Kong’s carriers — Cathay Pacific, HK Express and Hong Kong Airlines.  The free tickets are part of the HK$2 billion ($255 milion) relief package that the government…

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A travel insider explains how people who hate cruising — can learn to enjoy it

Canadian Tammy Cecco wasn’t a fan of cruising. “The thought of being on a ship with thousands of other people and not being able to get off,” she said, “was something that I wanted to avoid.” That didn’t change when Cecco, a travel magazine publisher, boarded a surprise cruise booked by her husband to renew their vows in front of family and friends. “When I got on … I thought ‘Oh my god, what am I doing here?’” she said. “I’m not the type of person who likes to be…

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Senators push for airline passenger protections after holiday travel meltdown

Passengers walk past a flight status board in Terminal C at Orlando International Airport that shows many delays, Wednesday, Jan. 11, 2023, after the FAA grounded all U.S. flights earlier in the day. Joe Burbank | Tribune News Service | Getty Images Two Senate Democrats on Tuesday reintroduced legislation to strengthen airline passenger protections following a year of travel disruptions that was capped by chaos that stranded thousands of people over the December holidays. Sens. Richard Blumenthal of Connecticut and Edward Markey of Massachusetts are trying to get traction on…

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James Gunn unveils DC’s new film and TV plan, including fresh spins on Supergirl, Batman

James Gunn speaks onstage at the Marvel Cinematic Universe Mega-Panel during 2022 Comic-Con International Day 3 at San Diego Convention Center on July 23, 2022 in San Diego, California. Daniel Knighton | Getty Images “Storytelling is always king. That’s all that matters to us,” James Gunn, the co-CEO of DC Studios said Tuesday as he announced a new slate of film and TV projects that will be part of the next eight to 10 years of comic book content from Warner Bros. Discovery. Gunn and Peter Safran were named as…

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Winter weather disrupts hundreds of flights across Texas

Delayed flights prepare to depart from Dallas-Fort Worth International Airport (DFW) on January 11, 2023 in Dallas, Texas. John Moore | Getty Images More than 1,000 U.S. flights were canceled Tuesday as winter weather hit Texas. Over 700 flights to and from American Airlines‘ hub Dallas/Fort Worth International Airport were canceled, about 40% of the airport’s schedule, according to FlightAware. Nearly 200 flights at Dallas Love Field, where Southwest Airlines is based, were canceled. The Federal Aviation Administration slowed arrivals into both airports. Airlines lifted fees or fare differences for…

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Boeing plans to add a new 737 Max production line to meet strong demand

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing said it plans to add a fourth 737 Max production line in the second half of next year as it targets higher output of its best-selling plane, an executive told staff on Monday. The new line will be housed in Boeing’s massive Everett, Washington, factory, where it has been reworking some of its 787 Dreamliners…

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JetBlue pilots approve contract extension that comes with over 21% in raises

A JetBlue passenger jet (Embraer 190) taxis at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images JetBlue Airways pilots have approved a contract extension that comes with 21.5% raises over the next 18 months as the industry reverses slow progress in labor deals during a pilot shortage. JetBlue last year reached a deal to acquire budget carrier Spirit Airlines. That airline’s pilots approved a new two-year contract that their union estimated to be worth around $463 million. If the merger isn’t approved by…

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Tourism is roaring back in China. But the $6 trillion consumer market is digging itself out of a deep slump

BEIJING — China’s consumption recovery from zero-Covid is getting off to a solid start – after a depressing fourth quarter. When Michelin-starred restaurant Rêver reopened Thursday from a Lunar New Year break, it was fully booked, said Edward Suen, chief operating officer of the Guangzhou venue. Reservations for the next three days were near capacity, he said. He’s hopeful business improves this year – and allows Rêver to recoup the roughly 35% in revenue it lost last year. Guangzhou city was one of the hardest hit by China’s Covid controls…

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