Business
Kuwait International Airport Open Today as Terminal 1 Reopens and Flights Continue to Recover
KUWAIT CITY — Kuwait International Airport is open today, with commercial flights operating through active terminals as the airport continues its recovery and Terminal 1 reopens to passenger traffic.
Live flight data on Thursday showed arrivals and departures moving through KWI, while airport-condition trackers listed the airport as active with low and decreasing delay status. The airport’s official website also continues to provide real-time flight and passenger information, indicating ongoing operations.
The latest development is the reopening of Terminal 1, which was reported to open on June 1 after being closed during the earlier regional disruption. That step marks a significant expansion in the airport’s recovery, which has been phased since airspace restrictions eased earlier this year.
Kuwait International Airport’s reopening has been managed in stages. Airspace reopened in April, passenger flights resumed shortly after, and service expanded gradually through Terminals 4 and 5 before Terminal 1 returned to use. The airport is therefore open, but the recovery is still in progress rather than fully complete.
Current operations
Flight-status data for KWI shows active operations this morning, with several arrivals already landed or en route and a mix of scheduled and canceled departures. The airport-condition page from FlightStats shows low and decreasing delay status, which is consistent with active but orderly operations.
The live flight board also reflects a broad mix of airline activity, including Kuwait Airways and Jazeera Airways, along with other carriers serving destinations across South Asia, the Middle East and beyond. That traffic pattern is a strong sign that the airport is functioning normally enough to handle a full day of commercial flying.
The airport’s official website remains focused on practical travel information, including flight details and passenger guidance. That is typical of an airport that is open and serving travelers, even if some services are still being adjusted after a disruption.
Terminal 1 returns
The reopening of Terminal 1 is the key reason Kuwait’s airport picture has improved further this week. Reporting and public posts indicate the terminal opened on June 1 after the earlier closure tied to the regional conflict. That marks a major step in restoring full airport capacity.
Terminal 1 is one of the airport’s most important facilities, especially for international traffic. Its return helps relieve pressure on Terminals 4 and 5, which carried the bulk of the passenger load during the recovery period. For travelers, that should mean more flexibility and a better chance of resuming regular terminal assignments.
Even with Terminal 1 back in service, the recovery still reflects a phased approach. Airport officials and travel reporting have emphasized that flights were first restored selectively, then expanded step by step as conditions allowed. The airport is open and active, but the process of fully normalizing operations continues.
Recovery timeline
Kuwait’s aviation recovery began after airspace restrictions eased in April. Passenger flights resumed in stages, with Kuwait Airways and Jazeera Airways rebuilding service through the airport’s active terminals. Foreign carriers also gradually returned as the situation stabilized.
By late May, travel reporting said Kuwait Airways was serving 29 destinations from Terminal 4 and Jazeera Airways 27 from Terminal 5. Emirates had also resumed Kuwait flights and was operating up to five daily services by late May. That pattern showed the airport moving back toward a fuller schedule even before Terminal 1 reopened.
With Terminal 1 back online, the recovery has entered a new phase. More flights, more routes and a broader terminal footprint should now be available, even though individual schedules will continue to vary by airline. For passengers, the airport’s reopening means more of the system is now functioning than at any point since the disruption began.
What passengers should know
Travelers should still check their airline’s flight status before heading to the airport, especially on a day when a terminal is newly reopening. Live boards can change quickly, and some flights may remain canceled or shifted even while the airport itself is open.
Passengers should also confirm their terminal assignment before departure. Because operations have been split during the phased recovery, knowing whether a flight departs from Terminal 1, 4 or 5 helps avoid confusion at the airport.
That said, the latest evidence supports a straightforward answer: yes, Kuwait International Airport is open today. It is handling commercial traffic, live flight boards are active and the airport’s recovery is continuing in a more advanced stage than earlier this spring.
Broader context
Kuwait International Airport is one of the country’s most important transportation hubs and a key gateway for travel across the Gulf, Asia and Europe. When it is disrupted, the effects reach business travel, tourism, family reunions and cargo movement.
The airport’s return to fuller service matters because Kuwait depends heavily on reliable air connectivity. The reopening of Terminal 1 should strengthen those links further and improve the airport’s resilience heading into the busy summer travel season. It also signals that Kuwait’s aviation system has recovered more fully from the earlier regional tensions.
The current picture is one of normalization, though not yet perfect uniformity. Some flights remain canceled or delayed, and airlines will continue to adjust schedules as needed. But the airport is open, active and now operating with its main international terminal back in service.
Bottom line
Kuwait International Airport is open today, and Terminal 1 has reopened as part of the airport’s continuing recovery. Live flight data show ongoing arrivals and departures, and airport-condition trackers indicate low delays.
That means travelers can use the airport today, but they should still verify flight details and terminal assignments before leaving for KWI. The airport is open, operational and moving closer to full normality after months of phased recovery.
Foreign companies looking for incentives under the scheme may have to invest Rs 500 crore over four years, while the threshold for domestic firms is likely to be around Rs 20 crore for five years, the source who did not wish to be named said.
“Meity (Ministry of Electronics and Information Technology) will take the Cabinet approval of the detailed guidelines soon and is hopeful of rolling out the scheme from next financial year. The incentive outlay is likely to be around Rs 7,500 crore,” the source said.
The government has announced a cumulative production linked incentive of Rs 2 lakh crore for 10 sectors to encourage domestic manufacturing after seeing traction of global giants like Apple’s contract manufacturers, Samsung etc for the scheme in the mobile devices segment.
According to mobile devices industry body ICEA, India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to over Rs 7 lakh crore by 2025 through policy interventions.
Scaling up laptop and tablet PC manufacturing can take the share of India in the global market to 26 per cent from 1 per cent at present.
Besides, it will generate 5 lakh new jobs and lead to a cumulative inflow of foreign exchange to the tune of Rs 5.5 lakh crore and investment of over Rs 7,300 crore by 2025.
Earnings call transcript: Zumiez Q1 2026 misses forecasts, stock dips slightly
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Earnings call transcript: Argan’s Q1 2027 earnings surpass forecasts with 78% EPS surprise
FOX Business host Larry Kudlow discusses division in Congress over the Iranian conflict on ‘Kudlow.’
Not being a lawyer, I don’t know if the House passage yesterday to end the war in Iran is constitutional or not. And if it ever passes the Senate, President Trump will veto it, and he’ll be right to do so.
Here’s what I do know: it’s stupid. It’s also unpatriotic. It also interferes with Mr. Trump’s commander in chief responsibilities to destroy a radical Islamist regime that has spent the last 47 years developing nuclear weapons and sponsoring terrorism in order to bring “death to America.” Also “death to Israel.”
Here’s what Mr. Trump said on Truth Social this morning: “Yesterday, in a meaningless vote, the House voted, 4 bad Republicans and all of the Dumocrats, to limit my War Powers, right in the middle of my final negotiations to end the War with the Islamic Republic of Iran. Who would do such an unpatriotic thing. They know where the negotiations stand. The Democrats are fueled by Trump Derangement Syndrome. They would rather have our Country fail than give me another, of many, victories…”
Again for me, not being a lawyer, when you add up the days of actual kinetic military bombing, the United States hasn’t nearly hit 60 days, which is in the War Powers Act. The bombing was 37 days from March 1 to April 7. The ceasefire has gone from April 8 to today June 4, which is 57 days. So when you actually look at the numbers, Mr. Trump has 20 days in the bank. He never hit 60, not even close. But who’s counting?
Democrats don’t care about Iran’s nuclear capabilities or their Nazi-like inhuman government that directly sponsored the slaughter of 1,200 Israelis and others, and reportedly over 40,000 of their own Iranian citizens this year alone.
Fox News senior strategic analyst Ret. Gen. Jack Keane unpacks U.S.-Iran negotiations and Iranian ceasefire violations on ‘Kudlow.’
And as the New York Sun points out, implementing the War Powers Resolution applies only to one side. It doesn’t prohibit the Iranians from attacking us or attacking Israel or any of our gulf state allies in the region. Iran doesn’t have a War Powers Act.
The Democrats don’t think Iran is our enemy.
Having said all of that, I’m sure Mr. Trump will just continue to bury Iran, he’ll make a good deal. His red lines are holding and that’s terribly important. Yet I will say this: many Trumpian supporters, both military and non-military alike, including myself, wish we would open up the Strait of Hormuz. This would generate more public confidence in the war, it would lower gasoline prices, and it would tell Iran that they cannot control this key waterway.
Last evening I spoke to a retired Navy Seal, Mike Sarraille, about this whole issue of opening up the Strait and here’s what he said: I explained to him that “a lot of people are waiting for a return to Project Freedom to open up the strait, because we’re promised this. We have the military capabilities to do it, but we haven’t quite followed through. Perhaps there are important reasons for that, but I thought you could help us out on it.”
Mr. Sarraille replied: “It would be a priority of mine,” adding, “But hit the coastal offensive capabilities of Iran. That’s their drones, their missiles, as well as the Mosquito, or if you want to call it the fast attack fleet. Remove the problem while those negotiations are going on with Iran and keep the blockade in place.”
So a retired Navy SEAL, like many military people, believes we can do it. And let’s go back to Project Freedom, let’s open it up. And one point I’ll make again, repeat this, not only just to get energy and gasoline prices down, but to show and tell Iran, you cannot control the Strait, period, full stop.
Honeywell’s Quantinuum valued at $17.6 billion as shares rise in Nasdaq debut
Business
Trump CFPB to tell banks immigration status may be considered in mortgage, credit decisions
Former Acting I.C.E. Director Jonathan Fahey joins Mornings with Maria to react to President Donald Trump’s border security claims, a reported 95% drop in crossings and the crackdown on drug cartels and fentanyl.
The Trump administration is planning to release a policy statement that will tell banks they may consider a client’s immigration status as part of their ability to repay when offering mortgages and credit cards, FOX Business has learned.
The Consumer Financial Protection Bureau (CFPB) is planning to issue a policy statement on Friday in the Federal Register that serves as a guidance for financial institutions in considering a consumer’s ability to legally work and earn income in the U.S. when making lending decisions, particularly when considering mortgage and credit card applications.
The policy statement, which was viewed exclusively by FOX Business, notes that it doesn’t have the force of law and isn’t legally binding and instead serves as a guidance to remind lenders of factors including immigration status that they may consider when extending credit to consumers.
“The Truth in Lending Act and its implementing Regulation Z require creditors to assess consumers’ ability to repay before offering mortgages and certain open-end credit products,” the CFPB’s policy statement said. “This statement emphasizes to creditors that these requirements may obligate consideration of a consumer’s immigration status, especially where removal from the U.S. may disrupt the consumer’s income.”
TRUMP EYES BANK CITIZENSHIP CHECKS AMID IMMIGRATION CRACKDOWN: REPORTS
The CFPB’s statement reminds banks that they may be obligated to consider immigration status in lending decisions if it may affect a borrower’s ability to repay. (David Paul Morris/Bloomberg via Getty Images)
“The obligation arises if documentation in the consumer’s application or other records indicates that the consumer’s repayment ability will change on account of their immigration status,” the CFPB said.
“In such a circumstance, a creditor must consider that information, just as they must consider anything else in the application or records at or before consummation indicating that there will be a change in a consumer’s repayment ability after consummation.”
“A failure to do so would overlook key information regarding the consumer’s income, and may risk the creditor failing to reasonably assess the consumer’s ability to repay the credit sought,” it added.
TRUMP ADMIN ENDING TAXPAYER SUPPORT FOR ILLEGAL IMMIGRANTS IN POSTSECONDARY EDUCATION
Financial institutions may consider immigration status as a factor in the ability to repay a mortgage loan or a line of credit for a credit card, the CFPB’s statement emphasized. (iStock)
The CFPB’s policy statement noted as an example that a financial lender may regard a credit applicant who doesn’t have legal authorization to be present in the U.S. or work in the country as “being subject to removal, in light of the Administration’s stated policy of removing any person unlawfully present in the U.S.”
That information can be derived from either a direct inquiry or from the consumer’s reliance on “atypical identification methods, such as an Individual Taxpayer Identification Number (ITIN), typically issued to taxpayers… who lack proof of legal residency.”
SOCIAL SECURITY INSOLVENCY COULD SPEED UP WITH ILLEGAL IMMIGRATION CRACKDOWN
The policy statement issued by the Consumer Financial Protection Bureau (CFPB) doesn’t have the force of law. (Anna Moneymaker/Getty Images)
CFPB said in the document that it “expects compliance with the law and failure to account for such a reasonably expected change in income may not comply with a creditor’s obligation to reasonably assess a borrower’s ability to repay the loan or line of credit sought.”
It also noted that there are a range of lawful immigration statuses under U.S. law and added, “Assessing how each status might bear on a lender’s reasonable expectation that a consumer has the ability to repay an obligation with U.S.-based employment income is varied, and it cannot be assumed that consumers with different lawful statuses have identical abilities to repay.”
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As a result, the CFPB isn’t providing a comprehensive analysis of how the reasonable expectation of a consumer’s ability to repay may vary based on immigration status, and instead reminds creditors of when future changes in borrower income must be considered under Regulation Z.
This comes as the San-Francisco based firm is at the receiving end of the Indian government over an issue of blocking and unblocking certain handles tweeting about farmer protests.
Sources said that the executive — who continues to lead the conversations with the government — Mahima Kaul’s stepping down is not related to the recent controversy.
Monique Meche, VP, Public Policy, Twitter said in a statement “At the start of this year, Mahima Kaul decided to step down from her role as Twitter Public Policy Director for India and South Asia to take a well-deserved break. It’s a loss for all of us at Twitter, but after more than five years in the role we respect her desire to focus on the most important people and relationships in her personal life.” Kaul will continue in her role till the end of March and will support the transition, Meche added.
“The Public Policy team acts as Twitter’s ambassadors to government policymakers, regulators, and civil society groups on public policy issues. We focus on addressing issues such as advocating for an Open Internet, freedom of expression, privacy, online safety, net neutrality, and data protection to advance the interests of Twitter and our customers. In addition, we serve as the #TwitterForGood team and provide guidance, resources, and support for Twitter’s Corporate Social Responsibility mission,” the company said in its job description on LinkedIn.
“As Twitter’s public policy lead based in India, this you’ll drive and assist development and advocacy of public policy solutions to pressing high technology issues. Specifically, you will manage and build a team of public policy and philanthropy specialists to protect and advance Twitter’s interests in India, it added among other key performing areas.
NEW YORK — The Nasdaq Composite closed sharply lower on Thursday, giving back recent gains as disappointing revenue results from Broadcom sent shockwaves through technology and semiconductor stocks. The Dow Jones Industrial Average, meanwhile, showed relative strength amid sector rotation into non-tech areas.
The Nasdaq fell 239.93 points, or 0.89%, to close at 26,853.98. This move aligned with broader pressure on high-valuation growth stocks following Broadcom’s quarterly report. The index had been trading near recent highs but encountered resistance as investors reassessed AI-related spending momentum.
The S&P 500 also declined modestly, while the Dow posted gains, reflecting a shift toward industrials, consumer staples and other defensive sectors. This rotation highlighted growing caution around concentrated exposure to a handful of mega-cap technology names.
Broadcom shares tumbled more than 13% after the company reported fiscal second-quarter revenue of $22.19 billion, missing Wall Street expectations of $22.27 billion. While earnings beat estimates, the revenue shortfall and an AI outlook that failed to fully satisfy elevated investor hopes weighed heavily on sentiment.
The stock’s steep decline rippled across the semiconductor sector, pressuring peers as concerns mounted over the pace of artificial intelligence infrastructure buildout. Broadcom’s results served as a key test for AI supply chain demand, with CEO Hock Tan noting strong but not explosive growth in custom chips and networking solutions.
“This pullback reflects the market pricing in high expectations for AI,” analysts observed across trading floors, where any perceived softening in guidance can trigger sharp moves in richly valued names. The reaction underscored how sensitive the sector has become to quarterly performance against lofty forecasts.
The Nasdaq’s recent run had been fueled by enthusiasm for AI leaders, but Thursday’s trading demonstrated vulnerability when individual reports disappoint. Year-to-date, the index remains solidly higher, yet episodes like this highlight risks from narrow market leadership.
Market Divergence Emerges
Trading volume was elevated but orderly, suggesting repositioning rather than outright capitulation. Investors rotated out of recent winners in technology toward areas offering perceived value and stability. This divergence has become a recurring theme as the bull market matures.
Broader economic signals provided a mixed backdrop. Resilient consumer spending and low unemployment supported overall sentiment, but lingering inflation pressures from energy markets and geopolitical developments added layers of uncertainty for monetary policy.
The Federal Reserve’s future decisions remain in focus. Bond yields showed modest movement, helping limit damage outside growth sectors. Markets continue to anticipate gradual policy adjustments, though hotter inflation could alter that trajectory.
Earnings Season Spotlight
Broadcom’s report marks a notable moment in the current earnings cycle. As a major player in AI accelerators and custom silicon for hyperscalers, its performance is viewed as a barometer for infrastructure demand. The company maintained its longer-term AI revenue targets but did not raise them, contributing to the sell-off.
Upcoming reports from other major technology firms will draw intense scrutiny. Investors seek confirmation that capital expenditures on AI remain on track amid high valuations across the sector. Optimism about transformative potential persists, balanced against near-term questions on growth sustainability.
Broader Context and Outlook
Geopolitical factors, including tensions involving Iran and energy markets, have influenced commodity prices and inflation expectations at times. Recent easing in oil helped cushion some market moves on Thursday.
Strategists generally maintain a constructive view on equities over the medium to long term, citing strong corporate balance sheets and AI’s productivity benefits. However, they warn of continued volatility as the market digests elevated expectations and rotates capital across sectors.
For investors, the session reinforced the value of diversification. While technology has powered much of the market’s advance, broader participation could foster more sustainable gains and reduce downside risk during periods of consolidation.
The Nasdaq’s approximately 0.89% decline came as the index traded in the 26,600 to 27,100 range intraday, consistent with ongoing volatility in growth stocks. Market participants will now watch for follow-through in coming sessions and any fresh signals from corporate earnings or economic data.
This episode serves as a reminder that even in strong uptrends, individual disappointments can prompt meaningful corrections in sentiment-sensitive areas. Wall Street will monitor whether this represents healthy profit-taking or the beginning of a more extended pause in the technology rally.
Business
US stocks today: Dow soars 800 points to hit record as Iran optimism offsets chip slump, weak jobs data
The blue-chip Dow surged, hitting a record closing high with a boost from healthcare and financial stocks.
The S&P 500 posted more muted gains, while the Nasdaq ended essentially unchanged. Chipmaker Broadcom missed revenue expectations, sending its shares tumbling and casting a pall over the AI frenzy, which has sent chip stocks soaring so far this year.
“About the only blemish on the market at this point is Broadcom, and I think investors are buying the dip,” said Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest in Elmhurst, Illinois. “I don’t think investors have given up on chips yet, but what they’ve yet to come to grips with, ‘Is this real? Are these valuations legitimate?’ I’m not sure yet that investors have really questioned that.” The U.S. House of Representatives passed a measure on Wednesday that would block President Donald Trump from continuing the war on Iran. Additionally, a U.S.-mediated ceasefire agreement between Israel and Lebanon, an essential condition of an Iranian agreement to a peace deal, bolstered optimism of a near-term resolution to the war. But the truce was rejected by the pro-Iran Hezbollah, which said it would not withdraw troops from Lebanon.
A drop in front-month crude futures reflected hopes that tanker traffic through the crucial Strait of Hormuz could shortly resume.
“How many deals have we had? It’s always right around the corner, a corner we’ve yet to reach,” Nolte added. “Things are moving, but are they moving at a pace that’s going to allow the world to get back to what passes for normal in a few weeks, a few months, or maybe sometime next year?”
On the economic front, initial jobless claims unexpectedly rose 6.1%, and first-quarter labor costs and productivity were revised sharply lower. A report from Challenger, Gray and Christmas showed layoffs announced by U.S. corporations jumped 11% in May to 97,006. Nearly 40% of those layoffs were attributed to AI.According to preliminary data, the S&P 500 gained 31.14 points, or 0.41%, to end at 7,584.82 points, while the Nasdaq Composite lost 19.72 points, or 0.07%, to 26,834.26. The Dow Jones Industrial Average rose 875.09 points, or 1.73%, to 51,562.16.
Chipmaker Marvell Technology gained, while Advanced Micro Devices, Micron Technology and Qualcomm lost ground on the day.
The healthcare sector got a boost from UnitedHealth after Bank of America raised its rating on the healthcare conglomerate’s shares to “buy.”
The financial index’s rebound followed a sharp selloff in the previous session due to revived concerns over private credit. Blackstone shares advanced after it became the latest asset manager to cap withdrawals from its flagship private credit fund following a rise in redemption requests. Cybersecurity firm CrowdStrike slumped after reporting an increase in quarterly operating expenses. An investor roadshow for Elon Musk-led SpaceX began on Thursday ahead of its market debut on June 12. It aims to raise $75 billion in a record IPO that would value it at $1.75 trillion.
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