Business News

EasyJet To Cut 30% Of Its Workforce Amid…

EasyJet will soon start consulting with employees about the job cuts. It's also going to reduce the size of its fleet to cut costs even more.

Chinese grad students may be next hit by US-China…

The tensions between the Trump administration  and China are growing

Walt Disney World To Begin Phased Reopening In…

Disney plans to reopen Magic Kingdom and Animal Kingdom on July 11. Epcot and Hollywood Studios will open their gates July 15.

White House punts economic update as election…

The economic news is likely to continue to be bad throughout much of this year

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France Unveils $8.8 Billion Plan To Save Its Auto…

French President Emmanuel Macron said he wants to make France the leading producer of clean vehicles in Europe.

Hawaii governor to extend traveler quarantine past June

Hawaii Gov. David Ige says he will extend the state’s 14-day quarantine requirement for travelers arriving in the state beyond June 30

Tesla's Musk earns $770M in stock options…

Tesla has confirmed that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company meeting several financial metrics

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All about Section 230, a rule that made the…

Twenty-six words tucked into a 1996 law overhauling telecommunications have allowed companies like Facebook, Twitter and Google to grow into the giants they are today

Nordstrom's 1Q sales fell 40% as pandemic…

Upscale department store retailer Nordstrom's sales plunged 40% in its fiscal first quarter when the pandemic temporary shuttered its stores

Regulators approve PG&E bankruptcy plan despite…

California power regulators unanimously approved Pacific Gas & Electric’s $58 billion plan to get out of a bankruptcy caused by a series of deadly wildfires

NSA: Russian agents have been hacking major email…

The U.S. National Security Agency says the same Russian military hacking group that interfered in the 2016 presidential election and unleashed a devastating 2017 malware attack has been exploiting a major email server program since last August or earlier

Court rejects bid to revive cancelled US pipeline program

A U.S. appeals court has turned down a request by the Trump administration to revive a permit program that allows new oil and gas pipelines to be built across water bodies

US joins G7 artificial intelligence group to counter China

The U.S. has joined an international panel for setting ethical guidelines for the use of artificial intelligence, after the Trump administration had earlier dismissed the idea

Democrats charge OSHA isn't protecting front-line…

Deaths from the coronavirus have now topped 100,000 in the United States, and Democrats are criticizing the Trump administration for what they say is a failure to protect front-line workers, including those at meatpacking plants and health-care facilities where outbreaks of the disease are spiking

Washington recovers $300M in fraudulent…

Washington officials say the state has recovered $300 million paid to criminals who used stolen personal information to file fraudulent unemployment benefit claims

Airlines increase job cuts as pandemic crushes…

From Britain's EasyJet to American and Delta in the U.S., airlines are cutting even more jobs to cope with a crushing drop in air travel caused by the coronavirus

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US mortgage rates fall; 30-year loan at all-time…

Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold

41 million jobs lost; homebound gear up to get…

There has been an uptick in travel in recent weeks, but the airline industry remains largely idled

Pending home sales plunged 21.8% in April on a…

April had a record collapse in Americans signing contracts to buy homes