An American Airlines plane lands at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images Airline executives will face questions from a Senate panel on Wednesday about flight disruptions and staffing shortfalls despite the $54 billion in taxpayer aid they took to help cover labor costs during the
In this article LOW An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Lowe’s said Wednesday that it expects Americans’ appetite for home improvement to continue into 2022, though it may cool after a boom in do-it-yourself and decorating projects during the
In this article JPM The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images JPMorgan Chase changed course on its big annual healthcare conference it intended on holding in person in San Francisco next month after
The “Charging Bull” statue at Bowling Green in New York’s Financial District. Drew Angerer | Getty Images As the U.S. stock market is whipped by rising inflation and the new omicron covid-19 variant, investors may be wondering what to do with their money. Many experts have a simple answer: nothing. On Tuesday, stocks slid for
The Baehr family had to abandon their home and belongings after toxic mold exposure. Courtesy: Baehr family Kristina Baehr seemingly had it all: a successful career as a lawyer and an adorable family with newborn twins. Together, they lived in a beautiful house that she considered her “forever” home. But a mysterious and insidious foe
Despite the rise of the omicron variant, the travel industry is showing signs a recovery is underway. OlgaKhorkova | iStock Editorial | Getty Images After a year of heavy losses, the travel industry is finally showing some signs of bouncing back — even as the emergence of the Covid-19 omicron variant has led some countries
Workers in front of the People’s Bank of China (PBOC) in Beijing, China, on Monday, Dec. 13, 2021. Andrea Verdelli | Bloomberg | Getty Images BEIJING — China’s retail sales missed expectations in November, while industrial production beat, the National Bureau of Statistics said Wednesday. Retail sales for November grew by 3.9% from a year
Elon Musk, CEO of Tesla and SpaceX, has consistently supported dogecoin, a meme-inspired cryptocurrency. He’s invested in it, along with bitcoin and ether, he said in October. But to Musk, dogecoin has an advantage over bitcoin and other cryptocurrencies: He sees dogecoin as the best cryptocurrency to transact with. “Fundamentally, bitcoin is not a good
A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images A female former employee of Elon Musk’s SpaceX alleged in an essay published Tuesday that the space company’s workplace is “rife with sexism” and that its
Karen Tongson Courtesy: Karen Tongson Karen Tongson never imagined a moment when she wouldn’t be paying back her student loans. As a professor at the University of Southern California, the Los Angeles resident qualified for the public service loan forgiveness program but had heard too many stories of borrowers not getting the government’s promise of
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Tom Holland stars as Peter Parker in Marvel’s “Spider-Man: No Way Home.” Disney The domestic box office may have finally found a hero. Marvel’s friendly neighborhood Spider-Man swings into theaters once more this weekend and promises to deliver big gains for the movie theater industry. Conservative estimates suggest “Spider-Man: No Way Home,” Tom Holland’s third
Tetra Images | Getty Images Thousands of taxpayers may still be waiting for a tax refund on unemployment benefits collected during the Covid pandemic, as the IRS grapples with a backlog of tax returns. The American Rescue Plan Act, a pandemic relief law, waived federal tax on up to $10,200 of unemployment benefits a person
In this article TSLA SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. Britta Pedersen | Getty Images Elon Musk’s sale of $906 million in Tesla stock Monday brings him one step closer to his ultimate sales goal. The
Liu Guanguan | China News Service | Getty Images News that inflation rose to a historic high in November probably comes as no surprise to retirees. But they may be in for another shock when they receive their monthly Social Security checks in January. The Social Security Administration announced in October that beneficiaries will get
Homes in Elgin, Illinois. Daniel Acker | Bloomberg | Getty Images American homeowners are house rich, sitting on a record amount of home equity. Taking advantage of all that extra cash, however, becomes more difficult as interest rates rise. Soaring housing demand over the past year and a half, driven in large part by the
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As the Senate weighs changes to the spending and tax portions of the Build Back Better Act, the Congressional Budget Office (CBO) and Tax Foundation find the bill would increase the cumulative budget deficit over the next 10 years—contrary to claims the legislation is “fully paid for.” The deficit impact may contribute to short-run inflation
In this article SBUX The Starbucks Workers United hub in Buffalo on November 16, 2021. Libby March | The Washington Post | Getty Images Starbucks baristas at two Boston cafes filed for union elections on Monday, becoming the coffee giant’s third U.S. market this year to organize. “We see unions as the best way to