Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading on Wednesday, April 24.
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Full Video Transcript:
I'm Caroline Woods reporting from the New York Stock Exchange. Here's what we're watching on TheStreet Today.
Earnings remain front and center as Wall Street continues to digest high profile earnings from Boeing, Chipotle, Ford, Tesla and Meta. Tech and AI will be in focus as Google parent company Alphabet prepares to report its quarterly results Thursday.
In other news, new federal rules aim to make it easier to get a refund when your flight is canceled.
The Department of Transportation said travelers are automatically entitled to a cash refund when a flight is canceled for any reason. That That means no more vouchers or travel credits "without headaches or haggling."
The rule also applies when a flight is delayed significantly — 3 hours for domestic flights or 6 hours for international flights.
Customers will also recieve refunds for mishandled bags and when services are paid for, but not provided. And yes, that includes WiFi.
In addition, airlines must provide upfront information about baggage and flight change fees.
The White House received a surge of complaints concerning refunds beginning in 2020 when Covid brought air travel to a standstill.
Passenger rights have been a major focus of the Biden administration as it continues to urge major airlines for broader transparency.
That'll do it for your daily briefing — From the New York Stock Exchange, I'm Caroline Woods with TheStreet.
