The hope is this rapid expansion continues in 2022, allowing the country to heal most of the economic wounds caused by the health crisis. The jobs market could return to full employment by the end of 2022. And red-hot inflation is expected to finally cool off, moving towards healthier levels. […]
Year: 2021
10 Ways Your Credit Card Can Save Your Money
When it comes to credit cards, most people think of how they can help you spend more money than you have or push you into debt if you don’t pay off your balance each month. However, only one side of the coin is that a credit card can also save […]
America runs on bad jobs
After decades of relying on low-paying services jobs that come with few benefits, the coronavirus has made clear the nation needs to take care of its workers. Hazard pay, paid sick leave, remote working options have all became hotly debated topics during the first wave of the pandemic. Companies like […]
More than 2,000 flights canceled globally as travel disruption continues amid Omicron surge
Of the nearly 2,200 canceled flights, more than 700 were within, into or out of the United States, according to FlightAware. More than 3,000 flights are delayed. Globally, airlines canceled more than 6,000 flights on Christmas Eve, Christmas and the day after Christmas. In the United States, more than 1,200 […]
Flight cancellations number over 5,000 on Christmas weekend
Globally, airlines have canceled about 5,700 flights on Christmas Eve day, Christmas and the day after Christmas, according to FlightAware. That includes about 1,700 flights within, into or out of the United States. Operational snags at airlines are coming as millions are still flying in spite of rising coronavirus cases. […]
India IPOs: 2021 was a dramatic year for tech. The hype won’t go away in 2022
By December, more than $15 billion had been raised in Mumbai through initial public offerings, a record amount, according to Dealogic. About $6 billion, or nearly 40%, went to tech companies — another record. This year was historic for another big reason: It’s the first time any of India’s tech […]
Boeing and Airbus want Biden administration to delay rollout of 5G cell service, cite safety concerns
Boeing (BA) CEO David Calhoun and Airbus Americas CEO Jeffery Knittel sent a letter to Transportation Secretary Pete Buttigieg to say the January 5 rollout could cause interference that could “adversely affect the ability of aircraft to safely operate.” At issue are instruments known as radar altimeters that pilots of […]
Stocks week ahead: The year Reddit and meme stocks changed Wall Street forever
Around mid-January, shares of GameStop (GME) — a brick-and-mortar retailer that most analysts expected to go the way of Blockbuster — began surging, fueled by a pile-on of day traders from the WallStreetBets forum on Reddit. They were doubling, tripling, their positions by the day, chanting “diamond hands,” and “to […]
UK Covid: London bars and restaurants shut down as Omicron rips through the nation
Restaurants and other venues are instead deciding they have no choice but to close early for Christmas due to a flood of canceled reservations and concerns about the health of staffers. Ferhat Dirik, the co-owner of east London’s Mangal 2 restaurant, said he decided to shut a week earlier than […]
China was already facing an economic slowdown in 2022. Now here comes Omicron
Government data released Wednesday showed trouble spots for the world’s second largest economy in November. Residential housing prices fell for a third consecutive month, a sign that an ongoing property crisis continues to deepen. Retail sales also struggled, suggesting that coronavirus outbreaks and the government’s “zero-Covid” approach of locking down […]