Sunday, December 4, 2022

Business

Social Security And Medicare Funds At Risk Even Before Virus

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WASHINGTON (AP) — The financial conditions of the government’s two biggest benefits programs remain shaky, with Medicare projected to become insolvent in six years and Social Secur...

GM Scraps Maven Car-sharing Service After More Than 4 Years

DETROIT (AP) — General Motors is sending its Maven car-sharing business to the junkyard. The automaker says it's winding down the app-based business after trying to make a go of...

Delta Loses $534 Million In 1Q; Much Bigger Losses Looming

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NEW YORK (AP) - Delta Air Lines, the biggest and most profitable U.S. airline, lost $534 million in the first quarter, a setback that will appear trivial when the full force of the...

Q&A: Oil Prices Go Negative. What Does That Mean?

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NEW YORK (AP) — The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unpreceden...

Oil Market In Turmoil As Price Falls Below Zero

BANGKOK (AP) — The market for U.S. crude was in turmoil Tuesday, with one contract trading below zero, as investors worried about full storage facilities and a collapse in demand a...

Coke Sales Volumes Tumble 25% In April On Covid-19 Lockdowns

NEW YORK (AP) - Coca-cola's global volume tumbled 25% in April as the coronavirus pandemic began to grip large swaths of the world population. The year began strongly at Coke, w...

Georgia Gov. Brian Kemp Says Restaurants, Gyms, Hair Salons And Other Businesses May Begin Reopening Statewide Friday

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ATLANTA (AP) — Georgia Gov. Brian Kemp on Monday rolled out aggressive plans to reopen the state's economy, saying many businesses shuttered to mitigate the spread of the coronavir...

Australia To Make Google And Facebook Pay For News Content

CANBERRA, Australia (AP) — Global digital platforms Google and Facebook will be forced to pay for news content in Australia, the government said on Monday as the coronavirus pandem...

Reuters: Neiman Marcus To File For Bankruptcy

NEW YORK (AP)- Neiman Marcus, one of the largest retailers of its kind in America, has hit the mat and can't get up in the wake of the coronavirus pandemic, and the chain is ready ...

How COVID-19 payment accommodations may affect your credit

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NEW YORK (AP) - If you’ve been affected by COVID-19, you may be eligible for relief in paying bills. That can help you prevent damage to your credit from late payments at a time wh...

Former Treasury Secretary Paul O’neill Dies At Age 84

NEW YORK (AP) - Paul O’Neill, a former Treasury secretary who broke with George W. Bush over tax policy and then produced a book critical of the administration, died Saturday. He w...

Trump Gives Governors 3-phase Plan To Reopen Economy

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WASHINGTON (AP) — President Donald Trump gave governors a road map Thursday for recovering from the economic pain of the coronavirus pandemic, laying out “a phased and deliberate a...

Dow Futures Rally 800 points After Report Says Coronavirus Drug Trial Shows Encouraging Early Results

NEW YORK (VINnews) - U.S. stock futures surged on Thursday night after a report said a Gilead Sciences drug was showing effectiveness in treating the coronavirus. The move pointed ...

US Home Construction Collapsed 22.3% In March

WASHINGTON (AP) — U.S. home-building activity collapsed in March as the coronavirus spread, with housing starts tumbling 22.3% from a month ago. The Commerce Department said Thu...

Imf: Global Economy Will Suffer Worst Year Since Depression

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WASHINGTON (AP) — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary ...

Trump’s Developer Friend Stanley Chera Dies Of Coronavirus

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WASHINGTON (AP) — A friend and donor to President Donald Trump who the president had said was in a coma and seriously ill after becoming infected with the coronavirus has died. ...

IMF Leader Says Virus Is “Crisis Like No Other’

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GENEVA — The head of the International Monetary Fund says the recession sparked by the coronavirus pandemic is “way worse” than the 2008 global recession. IMF managing director ...

Boost The Schmooze? Trump Wants Tax Dining Deduction Back

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WASHINGTON (AP) — It may be an odd gesture at a time of social distancing, but President Donald Trump is leaning into his plea to Congress to restore full tax benefits prized by bu...

US Sheds 701,000 Jobs, Ending A Record-long Hiring Streak

WASHINGTON (AP) — A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that's all but s...

Memo: Some In US May Not Get Stimulus Checks Until August

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WASHINGTON (AP) — The federal government expects to begin making payments to millions of Americans under the new stimulus law in mid-April, but some people without direct deposit i...