STOCK MARKET NEWS: Dow drops over 600 points, Microsoft, Amazon layoffs, retail sales slide

After stranding millions of travelers over the holiday, Southwest announced a plan for sweeping upgrades.

LIFESTYLE

Southwest Airlines to spend over $1B to invest in IT systems following holiday meltdown

Southwest Airlines announced in a letter to loyalty customers that it is taking additional measures to review the events and "make thoughtful recommendations on future actions."

INDUSTRIALS

JFK airport sees second dangerous incident in days as JetBlue flight 'bumps' another plane

A JetBlue flight made "light contact" with another plane while taxiing on the tarmac at JFK Airport on Wednesday, just days after a near-fatal collision at the airport.

A JetBlue plane was involved in a second scary incident at New York's JFK airport.

The nation's retailers are feeling the brunt of persistently high inflation, according to a fresh report.

ECONOMY

Retail sales tumble 1.1% in December as high inflation squeezes Americans

Americans pulled back on spending at restaurants, bars and other retail stores in December as they confronted high inflation and rising interest rates.

ECONOMY

Party City files for bankruptcy as inflation dampens sales

Party City has filed for Chapter 11 bankruptcy protection as persisting inflations dampens sales. It marks the latest in a line of companies that are facing similar struggles.

Party City filed for bankruptcy as higher inflation and heavy debt is forcing the supplier to reorganize.

Bed Bath & Beyond is another retailer that is working to avoid Chapter 11 by closing stores and cutting workers.

ECONOMY

Wholesale inflation tumbled 0.5% in December, more than expected

Inflation at the wholesale level fell faster than expected in December as high producer prices begin to moderate, the Labor Department reported on Wednesday.

Inflation at the wholesale level, similar to consumer prices, showed more signs of cooling positive news for the economy.