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An American Airlines flight skids on icy runway at O'Hare airport

Source: Joseph Lian

An American Airlines flight slid off a runway "due to icy conditions" at Chicago's O'Hare International Airport on Monday, the company said.

The incident occurred as a storm brought an early snow to the city, grounding more than 400 flights and delaying hundreds more. No injuries were reported among the 38 passengers and crew who were on board.

Flight 4125, an Embraer E-145 regional jet, was arriving in Chicago from Piedmont Triad International Airport, near Greensboro, North Carolina, when it skidded off the runway. American will evaluate the damage once the plane is removed.

As of midday Monday, nearly 480 flights in and out of Chicago's O'Hare airport, the third-busiest in the U.S., were canceled, about 15% of the day's schedule, according to flight-tracking site FlightAware.com. Another 542 flights were delayed. The airport is a hub of both American and Chicago-based United.

Ninety flights were canceled in and out of Chicago Midway International Airport.


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China could start rolling out its digital currency as early as the next two to three months, predicted the managing partner of an investment firm backed by Foxconn Technology Group.

China has developed a framework called the Digital Currency Electronic Payment or DCEP, according to Jack Lee, managing partner of HCM Capital. That would allow its central bank to issue a digital currency to commercial banks and third-party payment networks by Alipay and WeChat Pay, he explained.

"So, they already have all the system and the network ready. I think you will see it very soon, in the next maybe two to three months," Lee told CNBC's Tanvir Gill at the Singapore FinTech Festival on Monday.

He said the launch could start as a trial — not to replace physical money completely.

HCM Capital has invested in a number of blockchain start-ups, according to Reuters. It's backed by Taiwanese electronics manufacturer Foxconn, which also invested in Japanese firm SoftBank's $100-billion Vision Fund, Reuters said.

Several experts have warned that virtual currencies could increase the risks of fraud, particularly money laundering and terrorism financing. But many governments have not found a way to regulate the space.

Daniela Stoffel, Switzerland's state secretary for international finance, said the expected launch of China's digital currency could push authorities around the world to decide on how they want to use and regulate such technology.

"If the governments now realize that this is now really actually happening, and the question and challenges that are implied in an e-currency are now real, I hope this will lend further momentum to decisions on a global basis," Stoffel told CNBC's Tanvir Gill on Monday.

In addition to regulation, the potential rise in digital currencies would bring about questions on the roles of national currencies and central banks — something that should also be discussed internationally, Stoffel said at the Singapore FinTech Festival.

China is not the only country that has looked at issuing digital currencies. In Switzerland, the Swiss National Bank said last month it's working with the country's stock exchange to examine the possible use of such currencies in trading.


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Former President Jimmy Carter speaks to the congregation at Maranatha Baptist Church before teaching Sunday school in his hometown of Plains, Georgia on April 28, 2019.

Paul Hennessey | NurPhoto | Getty Images

Former U.S. President Jimmy Carter was admitted to an Atlanta hospital on Monday for a procedure to relieve brain pressure from bleeding caused by recent falls, the Carter Center said in a statement.

Carter, 95, the country's oldest living president, was admitted to Emory University Hospital about three weeks after falling at his home in Plains, Georgia. He was released from the hospital a few days after that accident.

A previous fall earlier in October required stitches to Carter's face. In May, the former president broke his hip, also at home, requiring him to undergo surgery.

The procedure to relieve pressure on his brain was scheduled for Tuesday morning, the Carter Center said, adding that he was "resting comfortably," and that his wife, Rosalynn, 92, was with him.

Carter, a Democrat, was the 39th president of the United States, serving one term from 1977 until 1981. He was defeated in his re-election bid by Republican Ronald Reagan in 1980.

Carter, who received the Nobel Peace Prize in 2002 for his humanitarian work, has lived longer after leaving the White House than any former president in U.S. history.


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Movie director Woody Allen and Amazon's content arm have settled a $68 million legal battle after the U.S. company canceled a contract at the start of this year.

Allen sued Amazon for allegedly breaching the four-picture deal, which was to "finance and distribute his future films and to be his 'home' for the rest of his career," according to the suit, filed in February.

But in papers filed Friday, the two parties agreed the case should be dismissed, according to an AP report. Terms were not disclosed.

Allen alleged that he had completed the movie "A Rainy Day in New York," and spent more than $20 million in doing so before Amazon canceled its release and shelved a deal for three more movies, according to the suit.

Allen's suit said that Amazon had backed out of the deals because of "a 25-year old, baseless allegation against Mr Allen, but that allegation was already well known to Amazon (and the public) before Amazon entered into four separate deals with Mr Allen." Allen's daughter Dylan Farrow accused her father of molesting her in an attic in 1992 when she was 7 years old, an allegation Allen has repeatedly denied.

In April, Amazon's attorney Robert Klieger said that Allen's comments about the #MeToo movement breached the deal, citing a magazine article in which he stated: "You don't want it to lead to a witch-hunt atmosphere, a Salem atmosphere, where every guy in an office who winks at a woman is suddenly having to call a lawyer to defend himself."

Allen's company, Gravier Productions, got an international release for "A Rainy Day in New York," including France, Italy and Hong Kong.

Representatives for Amazon and Allen had not responded to CNBC's request for comment at the time of publication.

  • CNBC's Sara Salinas contributed to this report

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Bearish investors betting that a recession is looming can't seem to catch a break, even on a day where the stock market got "crushed" in morning trading, CNBC's Jim Cramer said Monday.

The Dow Jones Industrial Average, which swung as low as 27,517.67 during the trading day, managed to climb more than 10 points to 27,691.49 by session close. The S&P 500 and Nasdaq Composite both slipped more than half a percentage point before ending the trading day down just 0.20% and 0.13%, respectively.

"People are still betting on a recession. They think this is merely a Fed-mandated bubble and the buyers are going to get crushed and that I am way too positive," the "Mad Money" host said.

Cramer said the "permanent pessimists" keep "missing the mark," recalling action in Hewlett Packard and Walgreens, among other public companies, for reasons why.

HP has been a tough stock to buy, he said, that is until the printer manufacturer received a $22 per share takeover bid from Xerox — a company not even half its size. While the host isn't convinced that Xerox can pull the acquisition off, the details of the potential deal do not matter, he said. The stock surged more than 6% on the news and is up nearly $4 to $19.64 from its October intraday low as of Monday's close.

"The important thing is that HP has gone from ugly duckling to beautiful swan on the strength of what may be a chimerical takeover bid," Cramer said. In other words, you made a fortune if you believed in HP when you really shouldn't have believed in HP."

"Deal or no deal, HP's stock has got its groove back."

Same goes for Walgreens, who is being targeted by private equity firm KKR to be taken off the public market. Shares jumped more than 5% to close at $62.25.

Cramer noted that the drugstore is loaded with tens of billions in debt, feeling competition from Amazon and shares have been under pressure.

"At this point, it doesn't matter ... what I think about how crummy this business is. What matters is there's a potential acquirer who believes in it," he said.

"This market just keeps surprising us with companies that are doing better than anyone could've imagined, or at least their stocks were cheaper than we thought," Cramer said, "and that's a big reason why the bulls are running circles around" the bears.

Disclosure: Cramer's charitable trust owns shares of Amazon.

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