An EasyJet Airbus A320 aircraft is seen at Malpensa Airport near Milan, Italy, October 3, 2018. Stefano Rellandini | Reuters British budget airline easyJet announced it would reduce its workforce by around a third, as the coronavirus pandemic continues to weigh on the tourism industry. The company said it was looking to cut employee numbers
Month: May 2020
Eddie Noralus works on a Toll Brothers home on August 21, 2018 in Boca Raton, Florida. Joe Raedle | Getty Images U.S. luxury homebuilder Toll Brothers on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to uncertainty caused by the Covid-19 pandemic. The company’s net
Chinese president Xi Jinping and premier Li Keqiang, right, singing the national anthem at the opening of the National People’s Congress at the Great Hall of the People on May 22, 2020 in Beijing, China. Kevin Frayer | Getty Images BEIJING — Chinese Premier Li Keqiang used a key meeting Thursday to highlight the opportunities China
Tidying expert and bestselling author Marie Kondo is known for helping millions of people to transform and organize their homes. Through her company, KonMari Media, Inc., Kondo has provided clients around the world with the products, services and content needed to de-clutter their living space in order to “spark joy” in their life. Now, the
How many times lately have you seen a news story about the incredible disconnect between the stock market, now up 37% from the March bottom, and the dire reality of unemployment heading to 25%, municipal fiscal woes, and widespread concerns about the next surge of Covid-19? The negative tone of the news is reinforced by
alphaspirit | Getty Images Your $1,200 stimulus check could have been garnished if you owe past debts. A group of senators is looking to put a stop to that. But because millions of stimulus checks have already gone out, it could be too late for some. Congress authorized the one-time payments when it passed the
By Paula Spencer Scott, Next Avenue Contributor Getty For a birthday girl worried what the advancing postmenopausal years are doing to her mind — yes, that would be me — the chance that very day to talk to a leading neuroscientist who studies women in midlife and beyond proved a happy coincidence. And a galvanizing
Getty In a tough economy, many taxpayers are looking for extra money – without the added tax burden. In other words: what could you put in your pocket and not be taxed? Taxable income is defined at 26 USC §63 as gross income less deductions. Gross income is defined at 26 USC §61 as “all income from whatever source derived.”
Over 30 million Americans have filed for unemployment amid the coronavirus pandemic. mpi43/MediaPunch/MediaPunch/IPx Topline: As the coronavirus pandemic keeps Americans confined to their homes, nearly every industry has been negatively impacted by the disease, and businesses losing out on cash flow have started laying off workers. Here’s who’s axed staff so far: Airlines & Transportation
In a time where stock buyback programs have come under scrutiny, HP is sticking to the principles laid out in the company’s value plan, CEO Enrique Lores told CNBC Wednesday. “We still think that buying back stock is good because we think it’s undervalued” and “we are going to stay committed to the principles that we
A major market shift is forming as the economy begins to reopen: Value stocks are gaining popularity over growth names, including technology. But according to Oppenheimer Asset Management’s John Stoltzfus, that doesn’t mean the winners will automatically become losers. The market bull sees technology as a vital part of the economic fight to function amid
Elon Musk is never one to shy away from setting ambitious goals. In fact, the billionaire’s most ambitious goal might just be the one he often talks about the most: going to Mars. On Wednesday, Musk and his private spacecraft company, SpaceX, nearly checked off a historic milestone that could put him another step closer
CNBC’s Jim Cramer said Wednesday that he thought some stocks were rallying too far too quickly given the high level of unemployment in the United States as the economy tries to pull out of the coronavirus slowdown. “It’s too ‘happy days are here again,'” Cramer said on “Squawk on the Street.” “It’s just not going
A House bill with bipartisan support would allow 2020 college graduates to postpone their student loan payments for three years without interest accruing. Meanwhile, Sen. Mitt Romney, R-Utah, has introduced legislation in the Senate that would do the same. “Students graduating from college this year are suddenly facing significant hurdles entering the workforce,” Romney said
Justin Horrocks | Vetta | Getty Images Laid-off employees who reject an offer of rehire may wind up being reported to the state unemployment office if their company took a forgivable federal loan. The Paycheck Protection Program is a federal loan program that was established by the CARES Act. It covers up to eight weeks
You probably don’t know this, but May is Older Americans Month (and has been since 1963). This year’s theme is Make Your Mark – celebrating contributions older Americans make to communities—as volunteers, parents, grandparents, and more. But as many Americans get older “not being a burden” would likely be part of their ideal Mark. So
TOPLINE With the coronavirus pandemic wreaking havoc on the U.S. economy, the unemployment rate has skyrocketed, and it could remain high for the next two years as many job losses won’t recover quickly, Goldman Sachs says in a recent note. Widespread unemployment could linger longer than expected and slow an economic recovery. Nam Y. Huh/ASSOCIATED
Questions and answers on the coronavirus Getty Now that “phase two” is well underway for most countries globally, we are all consumed by a two-part preoccupation: when will things go back to normal, and what exactly will be “normal” in a post-coronavirus world? In the first article of this two-part miniseries, we took a look
Global deaths due to Covid-19 surpassed 350,000 as U.S. deaths near 100,000 and states push forward with reopening plans. California Gov. Gavin Newsom said Tuesday that most of the state’s barbershops and hair salons can reopen with modifications. Nevada Gov. Steve Sisolak said the state is moving into phase two of its reopening plan, which will
Rob Lynch, CEO of Papa John’s Pizza Anjali Sundaram | CNBC Papa John’s said Wednesday that May estimated same-store sales shot up 33.5% in North America and 7% globally as the pizza chain worked to meet soaring demand during the coronavirus crisis. “In May, for the second straight month, Papa John’s team members and franchisees delivered
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