Starting this spring, New York City residents will be able to hail a yellow cab from their Uber app. Uber announced a partnership on Thursday that would make cab rides available from its app, bringing a onetime foe into its fold as the tech company struggles with driver shortages. The …
Read More »Why are gas prices so high
Gas prices are hitting record highs almost daily, causing financial pain at the pump for millions of Americans. But it’s also spurring questions about why fuel is so expensive — and who’s to blame. Consumers are also wondering when they might see some relief. Not surprisingly, soaring gas prices are …
Read More »Pariah? Hardly. Banks are still willing to lend to Trump
A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president might survive fraud investigations and a business-world backlash over his efforts to stay in office after losing the 2020 election. San Diego-based Axos Bank finalized the loan with the Trump Organization on February …
Read More »Melania Trump launches third NFT collection commemorating Trump presidency
Former first lady Melania Trump is back in the NFT game, auctioning a new set of assets that commemorates moments from husband Donald Trump’s presidency. The “POTUS TRUMP NFT Collection” goes up for sale on February 21 — Presidents Day — she announced on Twitter Thursday. It will commemorate events …
Read More »Unemployment claims jump to highest level in three months
The number of Americans filing jobless claims jumped last week to its highest level in three months, a sign the ongoing wave in COVID-19 infections driven by the Omicron variant is hitting the job market. Some 286,000 people applied for first-time unemployment benefits in the week ended January 15 — …
Read More »Number of U.S. workers filing for jobless aid stays near historic low
As 2021 comes to a close, the number of U.S. workers filing for jobless aid is hovering near a 50-year low, underscoring how tight the labor market has become in the wake of a global pandemic. Just 205,000 people filed for first-time unemployment benefits in the week ended December 18, …
Read More »The 10 top housing markets of 2022: Think Boise, not New York City
Real estate has been challenging for many buyers this year, with home prices up sharply and inventory at record low levels. Some buyers may get a break in 2022, but it’s not likely to be in some of the nation’s smaller cities that have seen strong housing demand due to …
Read More »Jamie Dimon says he regrets joke about Chinese Communist Party
America’s best-known banker is apologizing for a wisecrack that his employer would outlast China’s Communist Party. Jamie Dimon, CEO of JPMorgan Chase, made the remarks while speaking on a panel in Boston on Tuesday. “I made a joke the other day that the Communist Party is celebrating its 100th year …
Read More »Child Tax Credit 2021: Here’s when the fifth check will deposit
Money from the Child Tax Credit program is set to hit U.S. parents’ bank accounts on Monday. After that, the fifth such payment sent to Americans under the enhanced federal initiative, only one month of payments will remain unless lawmakers decide to renew the benefit. The latest check will be deposited directly …
Read More »Brooklyn Nets star Kevin Durant starts $200 million SPAC
Most sports fans know Kevin Durant as an outstanding basketball player for the Brooklyn Nets, but the two-time NBA championship winner is also on a different team — off the court. Durant and his longtime manager Rich Kleiman have launched a special-purpose acquisition company, or SPAC, according to documents filed …
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