Southwest airline planes sit on the tarmac at Fort Lauderdale–Hollywood International Airport on February 20, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Southwest Airlines on Thursday posted a $915 million net loss for the second quarter and warned travel demand will likely remain depressed until there’s a vaccine or treatment for the coronavirus.
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For many people living in poverty around the world, working from home amid the Covid-19 pandemic is not an option, even when showing up to work means potentially getting sick. But there is a solution to that problem, according a paper released Thursday by the United Nations Development Programme (UNDP): Give the poor cash so they
Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Microsoft — Shares of Microsoft dropped 2% in after hours after the company’s fourth-quarter earnings beat estimates. The technology company reported earnings
Shelly Chapman | Moment | Getty Images Things have been tough for many Americans during the coronavirus pandemic, and it’s about to get worse, personal finance expert Suze Orman warns. The virus is continuing to spread across the country, with nearly 3.8 million cases and more than 140,000 deaths now being reported. At the same
WASHINGTON, DC – JULY 20: U.S. President Donald Trump listens to Senate Majority Leader Mitch … [+] McConnell (R-KY) (C) during a meeting with cabinet members and House Minority Leader Kevin McCarthy (R-CA) (L) in the Oval Office at the White House July 20, 2020 in Washington, DC. Trump and the congressional leaders talked about
WASHINGTON, DC – JULY 13: U.S. President Donald Trump listens during an event about citizens … [+] positively impacted by law enforcement, in the East Room of the White House on July 13, 2020 in Washington, DC. The president highlighted life-saving actions by law enforcement officers and cited these examples as a potential negative effect
This Compayne Gardens home in South Hampstead was rented by Mark Carney while he was the Bank of … [+] England’s governor Aston Chase The London home Mark Carney rented while serving as the Bank of England’s governor has hit the market for $6.9 million. Carney and his family moved into the 8-bedroom South Hampstead
Pedestrians wearing protective face masks in front of a mural in New Delhi, India on July 21, 2020. Yawar Nazir | Getty Images More than half a year after the coronavirus disease — or Covid-19 — first emerged in Asia Pacific, new infections are still climbing sharply in some parts of the region. Some countries including India,
An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order
Economist Stephen Roach warns V-shaped recovery mania on Wall Street is leading investors astray. According to Roach, the U.S. is on a collision course with a second dramatic downturn. “The odds of a relapse, not just the virus but in the economy itself — the so-called dreaded double-dip, is very real,” the former Morgan Stanley Asia
Theranos CEO Elizabeth Holmes speaking at the 2015 Clinton Global Initiative in New York on Sept. 29, 2015. Adam Jeffery | CNBC Elizabeth Holmes, whose company Theranos promised a revolutionary way to detect diseases, will likely have her criminal trial delayed until early 2021 due to a global pandemic with no cure in sight. U.S.
With declining enrollments, reduced giving and state funding cuts, colleges are resorting to last-ditch efforts to stay afloat. Now teachers are the latest victims of extreme cost cutting. The University of Akron, Boston University and the University of Arizona are just a few of the schools to lay off or furlough staff in response to the
A pedestrian wearing a protective mask walks along the boardwalk in Asbury Park, New Jersey, U.S., on Thursday July 9, 2020. Gabby Jones | Bloomberg via Getty Images Along the Eastern Shore beaches that span our home states of Maryland and Delaware, the summer season – usually a boon to our economy – is a
Happy senior couple during the meeting with agent or financial consultant, signing some agreement in … [+] the comfortable office Getty Nate Pile — the editor of growth stock advisory Nate’s Notes has just released the first issue of a new advisory service focused on retirement investing, The Little River Investment Guide. The advisor reviews
In part three of our three-part series: Paying for the Pandemic, Kimberly Clausing, professor of economics at Reed College, and Robert Goulder, Tax Notes International contributing editor, discuss the role of business taxation in economic recovery. Here are a few highlights . . . On government pandemic loans and grants for businesses Kimberly Clausing: We need to distinguish
Elizabeth Sutton in front of her one of her paintings. Elizabeth Sutton In just four years, Elizabeth Sutton has seemingly come out of nowhere to become an incredibly successful artist, designer, entrepreneur, and podcaster. Combining whimsy, lots of color and a big dose of humor into her work, it still remains sophisticated. Raised in a
An empty parking lot is shown at a closed JC Penney store in Roseville, Mich., May 8, 2020. Paul Sancya | AP Ross Allen-McCabe worked for six years at J.C. Penney. Now, he’s out of a job after the department store filed for bankruptcy and has so far let go hundreds at its headquarters in Plano,
Satya Nadella, chief executive officer of Microsoft Corp., listens during an interview on The David Rubenstein Show in New York on Sept. 27, 2017. Christopher Goodney | Bloomberg | Getty Images Microsoft will report its fiscal fourth-quarter earnings after market close on Wednesday. Here are Wall Street’s expectations for Microsoft: Earnings: $1.34 per share, adjusted, as
Markus Braun, chief executive officer of Wirecard AG, arrives for the company’s annual news conference in the Aschheim district of Munich, Germany, on Tuesday, April 25, 2019. Michaela Handrek-Rehle | Bloomberg via Getty Images The former CEO of collapsed German payments company Wirecard, Markus Braun, has been rearrested in Munich, prosecutors in the Bavarian capital said
Amid the pandemic, the number of consumers requesting airline refunds has reached new heights. In fact, the Department of Transportation has received “an unprecedented volume of complaints from passengers” regarding airline refunds during this time, CNBC reported. And on CNBC’s new web series ”Got a Money Dispute? Ask Kevin,” host Kevin O’Leary says arguments over travel refunds are “one