American Airlines workers should brace for another round of furlough warnings in the near term as the airline expects to remain overstaffed on April 1, when U.S. aid for industry workers expires, Chief Executive Doug Parker said. American is among U.S. airlines that received a $15 billion payroll support package in December to protect workers’…
American Airlines CEO Tells Employees to Brace for Furlough Warnings
EU Claims Court Errors in Bid to Overturn $15.7 Billion Apple Tax Judgment
BRUSSELS—EU antitrust enforcers have claimed a court made legal errors when it scrapped their order for iPhone maker Apple to pay 13 billion euros ($15.7 billion) in Irish back taxes, in a filing to have the verdict overturned. The stakes are high for the European Commission in its crackdown against what it sees as aggressive…
Kudlow: Government Should Refrain From Intervening in GameStop Trading
The trading of GameStop stocks might need some sort of intervention, but it shouldn’t come from the government, Larry Kudlow said Monday. “I don’t really see what the issues are. I don’t want to see more federal government regulations of these markets,” Kudlow, a top White House economic adviser during the Trump administration, said on…
All But 3 States See Higher Over-the-Year Unemployment
Only three states in the union—all Republican-led—saw unemployment rates drop or remain unchanged between December 2019 and December 2020—South Dakota, Alaska, and Nebraska, according to a recent government report. The Bureau of Labor Statistics (BLS), part of the U.S. Department of Labor, said in a report last week that over-the-year unemployment remained unchanged in Nebraska,…
Australian Prime Minister Says Bing Could Replace Google
CANBERRA, Australia—Australia’s prime minister said on Monday that Microsoft is confident it can fill the void if Google carries out its threat to remove its search engine from Australia. A Google executive told a Senate hearing last month that it would likely make its search engine unavailable in Australia if the government goes ahead with…
Reddit WallStreetBets Users Urge Others Not to Buy Silver; Stick With Gamestop
Top posts on the highly popular WallStreetBets sub-Reddit called on others not to purchase silver following media reports over the weekend suggesting otherwise. “Silver might go up nicely and for a time but don’t get high on hopium, this is not gonna go in the 100s,” said one user. In another highly upvoted post, one…
Some Reddit WallStreetBets Users Urge Others Not to Buy Silver; Stick With Gamestop
Several top posts on the highly popular WallStreetBets sub-Reddit called on others not to purchase silver following media reports over the weekend suggesting otherwise. “Silver might go up nicely and for a time but don’t get high on hopium, this is not gonna go in the 100s,” said one user. In another highly upvoted post,…
Robinhood ‘Shooting Itself in the Foot’ by Removing GameStop Stock: Analyst
Mobile brokerage firm Robinhood is essentially “shooting itself in the foot” by blocking its users from purchasing stocks of companies such as GameStop that were soaring in value after individual investors banded together to squeeze Wall Street hedge funds, according to analyst Charles Mizrahi—host of “The Charles Mizrahi Show” and creator of the Alpha Investor…
Robinhood CEO Denies ‘Conspiracy Theory’ That Hedge Funds Pushed GameStop Trading Halt
Robinhood CEO Vlad Tenev on Jan. 29 pushed back against the “conspiracy theory” that hedge funds prompted the mobile brokerage company’s decision to restrict users from purchasing shares in GameStop. Members of Congress have in recent days called for an investigation into whether there was collusion by hedge funds and platforms like Robinhood, after purchases…
Cladding Ban on Buildings Has Come Into Effect in Victoria
A ban on high-risk cladding on new multi-storey buildings has come into effect in Victoria, with non-compliant builders facing fines of up to $400,000. The ban applies to flammable aluminium composite panels and rendered expanded polystyrene being used as external wall cladding on all future developments. Planning Minister Richard Wynne on February 1 said the…
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