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    Why US flights stopped: Ageing systems, stranded passengers and a $50 billion fix

    Why were flights grounded across the US? A nationwide FAA ground stop disrupted air travel after communications failures exposed the vulnerabilities of America's ageing air traffic control system. The disruption led to hundreds of flight diversions, cancellations and delays, stranded passengers and international travel disruptions. Here's what caused the US flight shutdown, how the FAA responded, the impact on airlines and passengers, and why the government is seeking billions of dollars to modernise its air traffic control infrastructure.

    FAA launched a new AI air traffic tool days before flights were grounded across the US: What is the new tool and was it behind the ground stop?

    On November 13, the nation's air traffic came to a halt when a telecommunication outage struck regional hubs. While the FAA insisted there was no indication of malicious intent, the fallout included the cancellation of over 1,000 flights and significant delays for countless passengers. Notably, the FAA's newly rolled out a new AI tool SMART, days ago.

    'This isn't another 9/11': US security chief Mullin reacts after FAA halts flights across country
    Time to be contrarian? Are analysts behind the curve? 5 stocks from two segments of the oil and gas space

    The tensions that drove oil higher are still lurking under the surface. A single statement, or a single strike, and they can surface again within days. Another round of trouble cannot be entirely ruled out. And if it comes and oil climbs again, much of the contrarian case we are making weakens with it. So the improvement is real, but it is not yet fully safe.

    Will analysts' predictions go wrong? 15 auto stocks with upside potential of up to 50% to as low as negative 1%

    For anyone trying to figure out where the economy is headed in the next six months, the numbers to watch will come from auto showrooms. The auto sector has, for long, provided the earliest indications of the health of the economy. And the sales numbers it puts out ahead of the festive weeks are where the correlation is best seen. So, keep a close watch on the auto pack.

    The most uncertain sector also pays the most to wait. Watchlist for patient investors: 5 stocks with upside potential of up to 25%

    There are some interesting contrarian bets in the market. But going contrarian, or buying what everyone else is running away from, is not to be done casually. Done wrong, it is just recklessness. It becomes a sensible move only when there is a solid, logical reason behind it. So, the real question is not whether some companies are beaten down. The question is whether there is a good reason to buy them anyway.

    The Economic Times
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