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Airfares are surging again after a months-long slump as carriers trim flights to ease a capacity glut

The latest consumer price index report showed airfares jumped 4% in July from the prior month, reversing a slump that began early this year. That’s as airlines are reducing the number of flights, easing a capacity glut, while demand has rebounded after President Donald Trump’s trade war slowed travel during the spring. Supply and demand … Read more

The ‘Devil in the Ozarks,’ former police chief turned convicted murderer, escaped from prison after monthslong planning using kitchen supplies

A former police chief known as the “Devil in the Ozarks” spent months planning his escape from an Arkansas prison, and said lax security in the kitchen where he worked allowed the convicted murderer to gather the supplies he needed, an internal review by prison officials released Friday said. The Department of Corrections’ critical incident review of … Read more

Shockingly bad jobs report reveals a months-long stall and may trigger Fed rate cuts soon. ‘Powell is going to regret holding rates steady’

The U.S. labor market looks much weaker than previously thought, and Wall Street now expects the Federal Reserve to resume rate cuts sooner rather than later. The Labor Department reported Friday that payrolls grew by just 73,000 last month, well below forecasts for about 100,000. But downward revisions for prior months shocked investors even more, … Read more

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