American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, U.S., May 10, 2019. American Airlines/Handout American Airlines is planning customer tours of the Boeing 737 Max and calls with its pilots in the coming weeks to boost the public’s confidence in the plane after two fatal crashes. The jets were
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Jason Lee | Reuters BEIJING — China’s foreign exchange regulator told businesses Friday to prepare for more volatility in the yuan. The Chinese currency, also known as the renminbi, strengthened roughly 1% this week against the U.S. dollar to levels not seen since July 2018. Less than five months ago, the yuan was at its
Amid coronavirus and an economic crisis, saving for college may no longer be a priority — or even a necessity. With many families struggling to stay afloat, regular contributions to a 529 college savings plan could take a back seat to paying more pressing bills or daily expenses. At the same time, market volatility as
WILKES-BARRE, PENNSYLVANIA, UNITED STATES – 2020/10/22: A view of an official Mail-in ballot for the … [+] 2020 general election. Mail-in Ballots have gone out and they are being returned. (Photo by Aimee Dilger/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Election 2020 is less than two weeks away and between expanded mail-in
Most employees buy more health insurance than they need and save less for retirement than they should, according to a recent study from the TIAA Institute. This study provides a cautionary tale for millions of employees making benefits decisions during open enrollment. Researchers studied four years of data from a large university to identify mistakes employees made
A pair of lawsuits aim to stop a HUD rule that would weaken a key fair housing tool. getty A coalition of fair housing advocates has filed a federal lawsuit against the U.S. Department of Housing and Urban Development over the recent reversal of long-standing fair housing protections. The suit challenges HUD’s new disparate impact
Indian commuters travelling past large billboards in Mumbai for ‘Sacred Games’, Netflix’s first original Indian series. The streaming giant is locked in a battle with Amazon Prime for a slice of India’s fast growing on-demand video market. INDRANIL MUKHERJEE | AFP | Getty Images Netflix subscribers in the Asia-Pacific (APAC) region were the largest contributor
Companies plan to continue shifting supply chains out of China, regardless of who wins the Nov. 3 presidential election, according to Tim Ryan, the chair of PwC U.S. The issue came into focus in response to President Donald Trump‘s trade war with China, but it only gained importance across corporate America due to the coronavirus
Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space tourism stock slipped more than 5% after Goldman initiated coverage on the company with a neutral rating. The firm is the only one on the Street to have less than a buy-equivalent rating on the stock. Goldman said the
Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Company: ACI Worldwide, Inc. (ACIW) Business: ACI Worldwide, Inc. develops and markets software products and services focused on facilitating electronic payments. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors,
Aston Martin has come a long way since it was featured as James Bond’s weapon-laden sports car in the movie “Goldfinger.” It makes some of the world’s most envied and admired vehicles, but that isn’t helping it financially. Mounting losses, falling sales and the devastating impacts of the coronavirus, which has rocked the global economy
An employee stands on a social distancing marker in an elevator at an office in Dallas, Texas. Dylan Hollingsworth/Bloomberg via Getty Images The number of workers receiving and applying for unemployment benefits declined significantly last week, according to Labor Department figures issued Thursday. That’s good news for workers and the U.S. economy — thousands of
getty We received the first official estimate of how badly the Covid-19 recession will hurt the Social Security trust funds, and the first government estimate is worse than some of the initial private estimates. The latest annual report from the trustees of Social Security, issued last April, estimated that the trust fund for retirement benefits
VP of Investor Relations at Boron Capital, a private investment firm serving diverse segments of the population. getty According to a recent report from McKinsey, 1.4 to 2.1 million (25 to 36%) of American small businesses are at risk of closing permanently due to the pandemic. With economic stimulus at a standstill, many businesses may close
Economic Security Planning, Inc. Today’s column addresses questions about whether someone can switch to spousal benefits after already receiving a retirement benefit reduced for filing early, a public pension’s effect on potential spousal benefits and whether early survivor benefits will reflect the deceased spouse’s delayed retirement credits (DRCs). Larry Kotlikoff is a Professor of Economics
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola is expected to report its third-quarter results on Thursday before the
A patient recovering from COVID-19 at Marianjoy Rehabilitation Hospital in Wheaton, Illinois, on September 30, 2020. Terrence Antonio James | Tribune News Service | Getty Images The United States reported more than 71,600 new coronavirus cases on Thursday, approaching a record number of daily infections set in late July as the outbreak takes root across
Anxiety around money is spiking in the pandemic. mapodile | E+ | Getty Images Amanda Collins describes the experience of being out of work for seven months in one word: “Maddening.” She was furloughed in March from her job in the I.T. department at the John F. Kennedy Center for the Performing Arts in Washington,
Self-made billionaire Mark Cuban has consistently attributed his success, in part, to his devotion to life-long learning. In fact, the “Shark Tank” investor previously called it “the greatest skill” to have. For Cuban, life-long learning means spending “four to five hours a day” reading, he told CNBC Make It in 2018. “I read everything I
President Donald Trump and Democratic presidential candidate Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22. Jim Watson and Brendan Smialowski | AFP | Getty Images President Donald Trump isn’t the only one who’s “prepaid” his taxes. Millions of other Americans have, as well. At least that’s the