Author: support

AIRLINES STILL IN A TAILSPIN. Air travel is down 85 percent compared to a year ago and the public is becoming more wary, not less, of being sealed in an airplane full of strangers, surveys show, especially as new, localized virus outbreaks have occurred. In June, 70 percent of people said it would be safer...

More speculators are betting the dollar’s value will fall and the euro’s will rise than at any time before, according to the Commodity Futures Trading Commission. Positive bets on the euro have reached a record high. The euro’s continuing rally prompted JPMorgan Chase analysts on 21 August to raise their year-end forecast for the euro’s...

More than two dozen powerful business groups, including the National Association of Manufacturers, the National Retail Federation, and the U.S. Chamber of Commerce, have said that thousands of U.S. businesses would not participate in Donald Trump’s proposed payroll tax holiday. The groups called the plan “unworkable” and warned it could burden workers with future obligations...

New York City’s Metropolitan Transit Authority (MTA), already more than $45 billion in debt for new trains, buses, and infrastructure, now needs to borrow billions more to keep operating during a slow and uncertain economic recovery. The agency projects a $10-billion operating deficit through 2021. Last year, the MTA used 16 percent of its revenue...

By charging sellers on its site various fees, Amazon is claiming about 30 percent of sellers’ revenue, compared to 19 percent five years ago, according to a study by the Institute for Local Self-Reliance (ILSR). The fees totaled $60 billion last year, compared to $35 billion the company made in its cloud computing division, and...