Some U.S. Airfares Have Surged 50% Since the Start of the Year

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[instrumental music] Here's your morning brief for Tuesday, May fifth. I'm Daniel Bock for the Wall Street Journal. A rise in fuel prices driven by the Iran war has piled pressure on US airlines to increase fares. According to Kayak, the average price of a domestic airline ticket in the US increased twenty-four percent between early January and April twentieth. And prices for international flights departing the US are up fifty percent compared to last year. US foreclosures have jumped after the Trump administration ended a generous Biden-era subsidy. During the pandemic, homeowners with a federal mortgage who got into financial difficulty could apply for a partial claim to clear any unpaid balance on their mortgage. Some borrowers also got a loan modification to make their monthly payments more manageable. But the Trump administration has now tightened the rules, meaning homeowners can now only get that once every two years. And shares in data analytics firm Palantir have rallied off hours after it said its quarterly revenue surged eighty-five percent year over year to more than one point six billion dollars. The results were driven by strong US military demand and a rapidly growing enterprise business for its data crunching software. Still, on the earnings call, executives tried to play down concerns about AI competition, which have resulted