Business
57% of U.S. households paid no federal income tax last year as Covid took a toll, study says
More than half of American households paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report. The nonpartisan Tax Policy Center estimates that 57% of U.S. households paid no federal income taxes for 2021, up substantially from the 44% before the pandemic. Howard Gleckman, senior […]
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FAA will keep ‘zero tolerance’ policy toward unruly passengers, outgoing chief says
Federal Aviation Administration chief Steve Dickson said Friday that the agency’s “zero tolerance” policy toward unruly passengers will continue, even though reports of bad behavior have declined from last year’s record. The FAA established the policy in January 2021 in hopes of stemming a surge of disruptive passengers, threatening fines of up to $35,000 and […]
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Bed Bath & Beyond shares jump after retailer strikes deal with activist investor Ryan Cohen
A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond announced Friday that it has struck a deal with activist investor Ryan Cohen, sending shares of the company up about 6% in premarket trading. […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks to end a volatile week on a high note Traders on the floor of the NYSE, March 18, 2022. Source: NYSE 2. EU strikes gas deal with the U.S. to cut reliance on Russia […]
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FedEx is testing electric carts for last-mile delivery in big U.S. and Canadian cities
FedEx plans to test electric carts to make deliveries on its signature Express routes in 10 U.S. and Canadian cities throughout 2022. The company hopes electric delivery carts will help address a major challenge it faces in every big city it serves: lack of parking. E-commerce sales grew 86% over prepandemic levels in February, according […]
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Meet the women who are shaking up the male-dominated gambling industry
Amy Howe knows how to grab headlines. Soon after she became CEO of fantasy sports and betting giant FanDuel Group, Howe made a splash by pointing out that the she was concerned about how the industry spends money to scoop up customers. “If you look at the way we’ve been deploying our dollars in our […]
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Here are seven milestones and storylines to watch for at the Academy Awards
Ariana DeBose stars as Anita in Steven Spielberg’s new “West Side Story” movie. 20th Century Studios LOS ANGELES – Hollywood’s biggest night is Sunday, and there could be plenty of history made. With the diversity in this year’s crop of Oscar nominees, audiences are likely to see a number of milestones set. The academy often […]
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Why one tech analyst thinks Amazon’s stock is underappreciated
Amazon is a big name in the ever-growing e-commerce space, but one tech analyst thinks shares of the technology giant are underappreciated and cheap. Source
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Barclays expects ‘big jump’ in Singapore growth after Covid measures are lifted
SINGAPORE — Singapore is set to reopen its international borders and ease Covid restrictions next week, and that’s going to be its “biggest economic driver for growth,” according to Brian Tan, senior regional economist at Barclays. “By our estimates, if we get mobility at places like recreational areas and workplaces going up by just 10%, […]
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History shows investors should stick to profitable companies if Fed tightens inflation action, Jim Cramer says
CNBC’s Jim Cramer on Thursday advised investors to invest in profitable companies if the Federal Reserve institutes a half-point double rate hike, using an analysis of the Fed’s last double rate hike and its aftermath in 2000. “We know what works when the Fed tightens aggressively. The lesson of 2000 is to stick with profitable […]
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