Month: May 2022
Georgia’s primary elections on Tuesday are pivotal. Here’s what to watch
Georgia Gov. Brian Kemp greets people as he campaigns during a Get Out the Vote cookout at the Hadden Estate at DGD Farms on May 21, 2022 in Watkinsville, Georgia. Joe Raedle | Getty Images The impact of Georgia’s primary elections on Tuesday will reverberate far beyond state lines, as key races up and down […]
Read More
Aviation giant KLM to face legal action in first major challenge to airline industry ‘greenwashing’
The greenwashing case against KLM is thought to be the first corporate lawsuit about airlines and net zero — and one of the first cases about carbon offsets. Nurphoto | Nurphoto | Getty Images Environmental groups on Tuesday launched legal action against KLM, saying the Dutch aviation giant is misleading the public over the sustainability […]
Read More
Here’s why major cities may still be worth their high cost of living
Many renters believe that a cost-of-living crisis is brewing in America’s major cities. New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41% increase from one year ago, according to Zumper. Sudden, double-digit rent […]
Read More
5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to gave back some of Monday’s snapback rally A screen displays the Fed rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New York […]
Read More
Uber to expand in Italy through deal with the country’s largest taxi dispatcher
For years, Uber has faced opposition from taxi drivers in Italy. Now, the company is signing a partnership with the country’s largest taxi dispatch service. Alvaro Padilla | Anadolu Agency | Getty Images Uber has signed a partnership with IT Taxi, the largest taxi dispatch service in Italy, in a tie-up aimed at boosting the […]
Read More
‘Tax us now’: Millionaires call on the global elite to tax them more
Protesters take part in a demonstration against the World Economic Forum (WEF) during the WEF annual meeting in Davos on May 22, 2022. Fabrice Coffrini | Afp | Getty Images A group of over 150 millionaires are calling on the elite attendees of this year’s World Economic Forum in Davos, to tax them more. The […]
Read More
Best Buy sales decline, but not as much as Wall Street expected
Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Best Buy reported an increase in second-quarter sales of nearly 20% as consumers purchased electronics to adjust to lifestyle changes related to the ongoing pandemic. Scott Olson | Getty Images Best Buy on Tuesday beat Wall Street’s revenue estimates for the […]
Read More
Monkeypox outbreak is ‘containable,’ WHO says as it confirms more cases
Monkeypox cases are being investigated in Europe, the U.S., Canada and Australia following a recent spike in infections. Jepayona Delita | Future Publishing | Getty Images The World Health Organization said Tuesday that a recent outbreak of monkeypox cases in non-endemic countries is “containable,” even as it continues to confound health experts. As of Tuesday, […]
Read More
UK energy bill cap expected to rise to around £2,800 — regulator
Momo Productions | Digitalvision | Getty Images The head of Britain’s energy regulator on Tuesday said a price cap on the most widely used consumer energy tariffs was expected to reach £2,800 ($3,499.16) in October, leaving households facing even higher bills than some predictions. “We are only part-way through the price cap window but we […]
Read More
Marriott CEO Tony Capuano: Pent up travel demand is creating ‘extraordinary pricing’
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Marriott CEO Tony Capuano sits down with CNBC’s Andrew Ross Sorkin at the 2022 World Economic Forum to discuss how the company is adapting to strong demand following the Covid-19 pandemic. Source
Read More