Month: April 2022
How Amazon plans to fix its massive returns problem
Amazon is handling a rapidly growing number of returns that are causing a massive problem for the e-commerce giant and the planet. A National Retail Federation survey found a record $761 billion of merchandise was returned to retailers in 2021. That amount surpasses what the U.S. spent on national defense in 2021, which was $741 […]
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Russia-Ukraine war is having a limited impact on Europe vacation bookings, experts say
Travelers booking luxury trips to Europe have not canceled amid the Ukraine war, says travel advisor Jessica Griscavage of Runway Travel. Pictured, Grignan, France. Westend61 | Westend61 | Getty Images As the Russian invasion of Ukraine continues with no end in sight, how are Americans’ European vacation plans being affected? It depends on whom you […]
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Earnings playbook: Big banks and an airline kick off the reporting season
The corporate earnings season will get going next week with some of the biggest U.S. banks slated to report. Source
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JetBlue is cutting its summer schedule to avoid further flight disruptions
JetBlue planes at New York’s John F. Kennedy International Airport Leslie Josephs | CNBC JetBlue Airways is planning to trim its summer schedule to avoid flight disruptions as it scrambles to hire ahead of what executives expect to be a monster peak travel season. “We’ve already reduced May capacity 8-10% and you can expect to […]
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Russia’s war will reorient global energy flows and these stocks stand to benefit, says Bernstein
Moving away from Russian energy means billions of dollars in new infrastructure spending, and these names stand to benefit, according to Bernstein. Source
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France heads to the polls as Macron faces his biggest threat yet
A political rally before the first round of the French presidential election. Sylvain Lefevre | Getty Images News | Getty Images French voters are heading to the polls Sunday in an election where the cost of living and the war in Ukraine dominated the political debate. Opinion polls from the week before the first round […]
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Russia wants to rebuild troop strength with recently retired soldiers, UK MoD says. Follow our live updates
Russia seeks to rebuild troop numbers with retired soldiers, U.K.’s MoD says Russia’s military is aiming to increase its troop strength with soldiers discharged in the last decade after suffering heavy losses in its invasion of Ukraine, the U.K.’s Ministry of Defence said in its daily intelligence update on Twitter Sunday. “In response to mounting […]
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Pakistan’s parliament to meet on Monday to elect a new prime minister
Pakistan’s Prime Minister Imran Khan was ousted on Sunday after losing a vote of confidence in parliament. Opposition activists were seen here celebrating days before, when the Supreme Court ordered parliament to reconvene and go ahead with the vote which Khan’s government tried to put off. Aamir Qureshi | Afp | Getty Images Candidates for […]
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Elon Musk suggests people who subscribe to Twitter Blue should be able to pay with dogecoin
Tesla CEO Elon Musk, shown here in March, proposed a series of changes to Twitter’s subscription service, including price changes and the option to pay in dogecoin. Patrick Pleul | AFP | Getty Images Elon Musk is tweeting about Twitter again. This time, he’s come up with a slew of suggestions for Twitter Blue, the […]
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Australia prime minister sets general election for May 21
Australia has called for a national election on May 21, as Prime Minister Scott Morrison’s three-year term nears its end. Steven Saphore | AFP | Getty Images Australia will hold a general election on May 21, Prime Minister Scott Morrison said on Sunday, triggering a campaign expected to be fought over cost-of-living pressures, climate change […]
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