Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
American Airlines is paying passengers who said they were charged incorrect fees for their baggage. The airline has been sued for this and agreed to settle the class-action lawsuit by paying at least $7.5 million.
American Airlines was forced to face litigation for two years for this lawsuit after many passengers accused it of charging baggage fees against the airline’s policies. The case involves the collected fees in the period between 2013 and 2021.
As per Business Insider, five passengers complained that American Airlines did not honor its promise of allowing free checked baggage for some credit card holders, first-class passengers, and frequent flyers. The claimants said that by not honoring its pledge, the air carrier just breached its contract with passengers.
When they first filed the suit in February 2021, they said American Airlines "improperly charged" and forced them to pay baggage fees. Now the case has been settled, it was reported that the motion with the details was filed late last week in a Texas federal court.
The airline said it would distribute full refunds to valid claims and those who have filed the case. Based on the court documents available to the public, there is no limit on the amount the company will pay above $7.5 million.
"Rather than risk trial and appeal, which could lead to class members getting zero or less than-full compensation at an uncertain time later, the settlement gives every settlement class member a guaranteed opportunity now to get 100% compensation," part of the motion reads.
Moreover, aside from the refunds, American Airlines will also all the attorney’s fees and any administrative costs. At this time, the settlement is in a preliminary approval phase now.
This is the stage where the court will assess and determine if the settlement is fair and reasonable. The court will also check if the settlement terms are adequate then it will schedule a date for the final hearing.
Simple Flying reported that American Airlines was not able to give an immediate response when it was contacted for comments on the matter. Other media outlets said the air carrier’s spokesperson declined to give a statement.
