Unemployment benefits skyrocket: a huge step in the wrong direction

[ad_1] Another 965,000 people applied for unemployment benefits for the first time on a seasonally adjusted basis in the United States last week, the Department of Labor reported Thursday. This was significantly higher than the week before, when 784,000 Americans claimed unemployment benefits. First-time weekly jobless claims are stuck at an uncomfortably high level. At … Read more

Taco Bell’s potatoes are coming back

[ad_1] Last year, Taco Bell cut a number of items from its menu, including two entrees that featured its seasoned potato bites: Cheesy Fiesta Potatoes and Spicy Potato Soft Taco. These two items will be back in restaurants on March 11, the chain said on Thursday. Rumors of chopped potatoes began to swirl last summer … Read more

Costco is closing photo centers in all of its stores

[ad_1] Four services will no longer be available to buyers when the centers close on February 14, including ink refills, the ability to take passport photos, photo restoration, and a personal video transfer service from VHS tapes to DVDs or USB devices. However, Costco is not closing its online photo center. Customers can still print … Read more

Stock futures advance ahead of Biden stimulus speech

[ad_1] U.S. equity futures rose slightly on Thursday as investors awaited details of the new Biden administration’s plans for a new coronavirus relief program. Stocks linked to the S&P 500 climbed 0.1%, potentially extending Wednesday’s lead, bringing the broad index to its second highest level on record. Those linked to the Dow Jones Industrial Average … Read more

Stocks will rebound in 2021 but not as much as last year

[ad_1] Larry Fink of BlackRock told CNBC on Thursday that he believes the stock market has even more leeway to rise. However, the CEO of the world’s largest asset manager has warned that the rally may not be as robust as it was in the second half of 2020. “I think we’re going to continue … Read more

Norwegian Air ends long-haul flights and offloads 787

[ad_1] In November 2020, Norwegian Air filed for bankruptcy. The board of directors of the company today outlined a simplified business structure, which no longer includes long-haul flights. Norwegian will no longer fly in 787 Norwegian’s entire long-haul Boeing 787-9 fleet has been on standby since March 2020, due to travel restrictions and the general … Read more

Goldman Sachs says the S&P 500 will rise 14% in 2021. Here’s the roadmap

[ad_1] As global markets rally in hopes that a massive economic stimulus will accompany President-elect Joe Biden’s new administration, Goldman Sachs’ projection that the S&P 500 will end 2021 at 4,300 points looks even more realistic. In our call of the day, the investment bank’s chief U.S. equities strategist David J. Kostin led the way … Read more

Money burned cut in half

[ad_1] Delta Air Lines plane lands at Los Angeles International Airport Mario Tama | Getty Images Delta Air Lines halved its cash consumption and cut losses in the fourth quarter as the coronavirus pandemic led the carrier to its worst year in history, the company said Thursday. The Atlanta-based airline posted a net loss of … Read more

Twitter CEO Says Trump Ban Was Not a ‘Celebrate’ Decision, But an Action with ‘Real and Important Ramifications’

[ad_1] In a widely shared framework social media feedTwitter CEO Jack Dorsey on Wednesday confirmed last week’s decision to ban President Trump from his company’s platform, saying it was something he was “not celebrating or was not celebrating. not proud, “but something that had been decided” on the basis of physical security threats both on … Read more

TSMC Reports Highest Quarterly Profit, Records Record Income and Capital Expenses

[ad_1] By Yimou Lee, Ben Blanchard TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) posted its best quarterly profit and raised its income and capital expense estimates to record levels as it predicted “several years of growth opportunities.” FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in … Read more