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Southwest Airlines, which canceled thousands of flights last week and infuriated passengers, said Tuesday it was making "solid progress " on processing refund s even as another problem caused more travel woes. Multiple people tweeted Tuesday that crews told them planes couldn’t take off because the weather system was down or they lacked necessary weather information. The reports of delays Tuesday came just days after the airline said it resumed normal operations following the holiday travel chaos. Travelers queue up at the check-in counters for Southwest Airlines in Denver International Airport, on Dec. 30, 2022. David Zalubowski / AP Southwest in a statement late Tuesday said third-party vendor IBM “experienced a brief outage in their service that provides weather data prior to Southwest dispatching flights.” The airline said in the statement that “only minor delays ” were anticipated for the rest of the evening.  "We apologize for any inconvenience and appreciate every...

watch now VIDEO 5:58 05:58 Fed nearing a slowdown in the pace of rate increases, says Cleveland Fed President Loretta Mester Closing Bell Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she's ready to stop advocating for interest rate increases. While acknowledging that recent data has been encouraging, the central bank official told CNBC that the progress is only a start. "We're going to have more work to do, because we need to see inflation really on a sustainable downward path back to 2%," she said in a live "Closing Bell" interview with Sara Eisen. "We've had some good news on the inflation front, but we need to see more good news and sustained good news to make sure that we are returning to price stability as soon as we can." Markets widely expect the Fed in December to approve its seventh rate hike of the year, but this time slowing down to a 0.5 percentage p...