The Avalanche (CRYPTO: AVAX) cryptocurrency skyrocketed on Wednesday thanks to a freshly signed collaboration deal with Amazon (NASDAQ: AMZN) and its Amazon Web Services (AWS) cloud-computing arm. As of 4:30 p.m. ET, the cryptocurrency had gained 13.3% in 24 hours. AWS needed a default blockchain platform for managing and executing smart contracts, which can perform financial transactions and ownership transfers based on real-time market data. Read More...
To people who know the aviation industry, Southwest’s holiday meltdown was as frustrating as it was predictable. During the winter holidays, Southwest began canceling or massively delaying flights, including nearly 75% (or 4,000 domestic flights) on the day after Christmas alone. As the week between Christmas and New Year’s went on, more than 16,700 flights were impacted, which could end up costing Southwest $825 million, at least.