Month: December 2020

Back in the late 1990s, after deregulation ushered in an era of lower costs and fewer creature comforts, Brazilian-American airline entrepreneur David Neeleman launched a new airline with one goal in mind: to bring “humanity back to air travel.” JetBlue Airways Corporation (JBLU) was incorporated in 1998 and began operations in Feb. 2000. Based on
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Municipal bonds were stable on Wednesday as the market remained mostly unchanged on the last full trading day of 2020. Thursday will see an early close with a full close on Friday. Trading will resume on Monday, Jan. 4, 2021. Residual position-squaring is about all that is happening this week — and much of last
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The EU and China have announced a long-awaited deal on an investment treaty, in a move that is aimed at opening up lucrative new corporate opportunities but risks antagonising president-elect Joe Biden’s incoming US administration.  The accord was confirmed by Chinese President Xi Jinping and EU leaders including European Commission president Ursula von der Leyen
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We know 2020 was a challenging year for so many people impacted by the global pandemic. Still, it is important for everyone to reset their personal finances and their goals for the new year. Did you make any resolutions concerning your personal finances last January? If so, how did you do? Did you attain your goals,
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The UK drugs watchdog has approved the coronavirus vaccine made by Oxford university and AstraZeneca, boosting hopes that millions more Britons can be inoculated against the disease in the coming months as a new viral variant takes hold. AstraZeneca said on Wednesday the UK Medicines and Healthcare products Regulatory Agency had given the jab an
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What Is the FDIC? The Federal Deposit Insurance Corporation (FDIC) was created at the height of the Great Depression, following the closure of 4,000 banks in the first few months of 1933 and the loss of $1.3 billion in deposits. President Franklin Roosevelt signed the Banking Act of 1933 on June 16 of that year,
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“These are times when the strong can get stronger,” Nike chief executive John Donahoe said in September, as he celebrated the digital investments and robust brand that helped the sportswear group to increase its earnings even as Covid-19 closed its stores. Nike was far from the only household name boasting of resilient profits and a
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Interested in a relatively painless way to save money and lower your tax bill? Look no farther than your next paycheck. There are several strategies that all working people should consider that can lower their taxes and help them save money for retirement. In this article, we give you the basics of payroll deductions and
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Investment banks across the world have generated a record $124.5bn in fees this year as companies raced to raise cash to outlast the pandemic. The windfall came as lenders earned all-time high fees underwriting debt and equity offerings for clients like aeroplane maker Boeing, property rental site Airbnb and telecoms group SoftBank, according to data
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Happiness during retirement can be pretty elusive. That can come as a surprise to some, who might assume they’ll be much happier once they finally stop working. In the years leading up to retirement, they may have dreamed about not being beholden to an employer’s schedule, having plenty of free time to pursue hobbies and
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Julie Faupel, REALM founder and CEO Courtesy of REALM REALM™ the first collaborative global real estate collective launched during the Pandemic delivers $5.4 Billion in inventory in nine months. When I wrote about REALM’s launch last April the pandemic was hitting the country hard. Julie Faupel, REALM founder and CEO and owner of Jackson Hole Real
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Sheila Patel, chairman of Goldman Sachs Group Inc.’s asset-management unit, is leaving the $1.8 trillion division after almost two decades at the firm. Patel, 51, is among the company’s most senior women and shepherded some of Goldman’s highest-profile relationships with investors around the world. She will step down from the partnership and become an advisory
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The EU and China are close to reaching a long-awaited business investment deal as Brussels seeks to level the playing field for European companies operating in the Chinese market.  During a meeting with national ambassadors in Brussels on Monday, the European Commission reported progress on talks with Beijing, including on the core remaining issue of
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Donald Trump raised hopes of a breakthrough to release $900bn in coronavirus stimulus aid on Sunday night, after tweeting of “good news” in the stand-off. Millions of Americans lost unemployment benefits over the weekend after the president refused to sign the bipartisan congressional stimulus package approved just before Christmas. Mr Trump had said he would
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Elasticity vs. Inelasticity of Demand: An Overview Inelasticity and elasticity of demand refer to the degree to which demand responds to a change in another economic factor, such as price, income level, or substitute availability. Elasticity measures how demand shifts when other economic factors change. When fluctuating demand is unrelated to an economic factor, it is
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Tesla’s stock is stupidly expensive. It may go higher and shareholders may be rewarded, or it may languish or fall. There is no law prohibiting stupidly expensive from becoming moronically expensive. Moreover, speculative companies that actually achieve explosive sales and profit growth for a number of years can actually make outlandish valuations seem justified for
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