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MILAN/NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. First-half losses last year totalled $14 million after a $13 million net profit over the same span in 2019. If the forecast proves accurate, the shares should trade closer to the bank’s book value. They’re currently valued at around 90% of their estimated 2021 book value, according to Refinitiv forecasts. Bombed-out domestic peers Caixabank and Banco de Sabadell, which trade at just 49% and 17% of 2021 book value, respectively, have even more scope to pleasantly surprise investors.
Persons: Chris Helgren, Paolo Gentiloni, Lisa Jucca, Michael Eavis, It’s, Karen Kwok, Scott Kirby, Kirby, Lauren Silva Laughlin, Joe Biden, Robert Cyran, there’s, Ed Cropley, Zhejiang’s, Jennifer Hughes, Bankinter, Bankinter’s ROE, They’re, Caixabank, Christopher Thompson Organizations: MILAN, Reuters, Corona, United Airlines, New, Newark Liberty International Airport, REUTERS, European, Washington . Revenue, National Center for Health Statistics, Norwegian Air Shuttle, Sequoia, HK, Banco de Sabadell Locations: HONG KONG, New York City, New Jersey, U.S, Glastonbury, EU, Korea, United, Washington ., Oslo, Zhejiang, Sequoia China, New, China
(Reuters) - United Airlines Holdings Inc said on Wednesday it aims to cut about $2 billion of annual costs through 2023 as it charts a recovery from the coronavirus pandemic that drove its fourth straight quarterly loss. FILE PHOTO: A United Airlines passenger jet taxis at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. United furloughed thousands of employees last October when an initial round of payroll aid for airlines expired. In the current quarter, United said it expects revenue to fall by 65% to 70% from a year ago and its flight capacity to shrink by at least 51%. American Airlines and Southwest Airlines are due to report quarterly results on Jan. 28.
Persons: Chris Helgren, , Joe Biden, Donald Trump, United Organizations: Reuters, United Airlines Holdings Inc, United Airlines, Newark Liberty International Airport, REUTERS, United, Delta Air Lines, American Airlines, Southwest Airlines Locations: New Jersey, U.S, Chicago, Europe, Brazil, Refinitiv
Average U.S. air fares fall to lowest price after COVID-19 pandemic
  + stars: | 2021-01-19 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: A United Airlines passenger jet lands at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo/File PhotoWASHINGTON (Reuters) - Average U.S. airfare prices in the three months ending in September fell to the lowest inflation-adjusted price since the government began tracking the issue in 1995, the Transportation Department said Tuesday. The average ticket price was $245, down 30% over the same period in 2019 and down 7% over the second quarter, when average prices were $262 a ticket. Prices have declined as air demand has fallen sharply, especially for business travel. U.S. airlines reported 27 million passengers in the third quarter, down from 86 million passengers a year earlier.
Persons: Chris Helgren Organizations: United Airlines, Newark Liberty International Airport, REUTERS, WASHINGTON, Transportation Department Locations: New Jersey, U.S
ET Covid-19 Live Updates: States Reel After Trump Administration’s Vaccine Promises Unravel The world is bracing for a surge of virus variants that are more contagious. States are scrambling after the Trump administration’s vaccine promise falls apart. “We are releasing the entire supply we have for order by the states, rather than holding second doses in physical reserves,” he said, adding that vaccine doses would no longer be stockpiled. “We should’ve known not to believe a word” from the Trump administration, Mr. Polis said. Mr. Trump left the position of science adviser unfilled for 18 months.
Persons: Jared Polis of, David Zalubowski, Trump, Kate Brown of, Alex M, Azar II, , Patrick M, Allen, Mr, Azar, Brown, Governor Brown, “ Who’s, Tim Walz, Walz, Jared Polis, Polis, Daniel Larremore, , Tom Frieden, tweeting, Michael Dantas, Antoine Flahault, Emma Hodcroft, Ms, Hodcroft, “ We’ve, Roberto Speranza, epidemiologist, John Edmunds, Elian Peltier, Valerie Macon, Andrew Do, Orange, Paul, Sharon Decker, wasn’t, Steven Pedigo, Pedigo, ” Biden, Harris, ’ Biden, Joseph R, Biden, Kamala Harris, it’s, It’s, we’ve, Amr Alfiky, Eric S, Lander, Alondra Nelson, Frances H, Arnold, Maria Zuber, Dr, Francis S, Collins, ” Tariro, Asanka Ratnayake, ” Marta Kostyuk, Paula Badosa, Kostyuk, Craig Tiley, Matthew Futterman Organizations: Trump, Associated, Gov, Oregon Health Authority, NBC News, Twitter, Washington Post, Colorado, Mr, Senior Trump, New York Times, BioFrontiers Institute, University of Colorado, Centers for Disease Control, ., Agence France, Institute of Global Health, University of Bern, Reuters, Scotland, Facebook, U.S . Travel Association, Walt Disney Co, Chicago O’Hare, Chicago Midway, Los Angeles International, Carolina’s Tryon, University of Texas, Disney, House, that’s, It’s, , . Credit, White House, White, Office of Science, Technology, National Institutes of Health, Tennis, Australian Open, Melbourne ., Australian, Tennis Australia, United Locations: Jared Polis of Colorado, Kate Brown of Oregon, New York, Oregon, Minnesota, Boulder, Federal, State, Manaus, Brazil, Britain, Argentina, South Africa, London, Geneva, Europe, United States, India, Switzerland, Ireland, Portugal, Denmark, France, Germany, Spain, Italy, Brazilian, U.S, Anaheim , Calif, Orange County, Calif, Tampa, Newark, Minneapolis, St, Carolina’s, Polk County, N.C, Austin, that’s America, America, Melbourne, Australia, Ukraine, Instagram, Los Angeles, Abu Dhabi, United Arab Emirates
Other parts of the travel industry are helping, tooMany corners of the travel industry are looking for a way to pitch in to help end the pandemic. Covid-19 Vaccines › Answers to Your Vaccine Questions If I live in the U.S., when can I get the vaccine? A growing number of coronavirus vaccines are showing robust protection against becoming sick. So for the time being, even vaccinated people will need to wear masks, avoid indoor crowds, and so on. Will mRNA vaccines change my genes?
Persons: Paul ., it’s, I’ve, they’re, you’ve, Jay Burress, That’s, , Burress, Sharon Decker, wasn’t, Organizations: Chicago O’Hare, Chicago Midway, Los Angeles International, Pfizer, Moderna, State Fair of West, Greenbrier County Health Department, Anaheim Convention Center, Visit, Carolina’s Tryon Locations: Tampa, Newark, Minneapolis, St, U.S, Monterey, Monterey , Calif, Salinas, State Fair of West Virginia, Greenbrier County, Orange, Anaheim, Visit Anaheim, Carolina’s, Polk County, N.C
Having a stash of credit card rewards set aside can make a huge difference if you're faced with a family emergency that requires last-minute travel, a job loss, or an unexpected move. Read Business Insider's guide to the best rewards credit cards. Credit card rewards can be a lifesaver when things go wrongNowadays, there are even more reasons to keep an emergency stash of points and miles handy. American Express offers personal and small-business cards that earn Membership Rewards points, including the American Express® Green Card , Amex EveryDay® Preferred Credit Card from American Express , and The Blue Business® Plus Credit Card from American Express. Other issuers have added new, pandemic-friendly ways to earn and redeem credit card rewards, including expanded categories for using travel statement credits and limited-time bonus categories.
Persons: I'd, You'll, MileagePlus, We're, Chase, Plusgrade, you'll, Chris Steak, cardholders, Wyndham, it's Organizations: Finance, Citi, American Express, Read, American Airlines, Star Alliance, Air Canada, Lufthansa, Singapore Airlines, Delta, Oneworld, JetBlue, InterContinental Hotels, Hyatt, Marriott, Chase, Chase Sapphire, Ink, Hawaiian Airlines, Hilton, Amex, Amazon, American, Card, Citi Prestige, Cathay Pacific, Qantas, Prestige, Citi Premier, ®, Capital, Air, Air France, KLM, Alitalia, Etihad, Emirates, United Airlines, Google, Alaska Airlines, Frontier Airlines, Southwest Airlines, you'll, New, Wyndham Locations: Delta, United, Wellington, Washington, Southwest, Capital, Air Canada, Avianca, Dallas, Atlanta, Newark, New Zealand
Shana Broussard in December became the first Black commissioner in the Federal Election Commission's 45-year history. Among her new commission colleagues' first acts: voting Broussard commission chair for 2021. Then, from 2015 until this month, she's served as a staff attorney for FEC Commissioner Steven Walther, a left-leaning independent who first became a commissioner in 2006 and remains a member. "Professional, genuine, and substantive," is how Republican Lee Goodman, who served on the FEC commission from 2013 to 2018, described Broussard. Broussard's interest established, Schumer asked the White House that President Donald Trump consider nominating Broussard to a vacant FEC commissioner slot.
Persons: Shana Broussard, I'm, Broussard, she'd, Juan Broussard, Broussard's, John Pierre, , Josh Brasted, — Broussard, she's, Steven Walther, Walther, Republican Lee Goodman, Goodman, Ellen Weintraub, who's, Weintraub, Said Ann Ravel, Sarah Silbiger, Chuck Schumer, Schumer, Donald Trump, Trump, Matthew Petersen, Nixon, Allen Dickerson, Sean Cooksey, Trey Trainor, Sens, Ted Cruz, Josh Hawley, Rand Paul of Kentucky, Rick Scott, Hamidullah doesn't, Jameece Pinckney, Pinckney, Karen Rosser, Sen, Kamala Harris of, She'll, it's, John Lewis, Martin Luther King, Viola Lewis, Pierre Organizations: doodling, Air Force, Democrat, Vandenberg Air Force Base, Dillard University, Southern University Law Center, Southern University, Getty, Louisiana Department, Internal Revenue, FEC, Republican, Democratic, New, New York Democrat, White, Republicans, Senate, Rutgers University - Newark, Northern, Delta Sigma Theta Sorority Inc, Delta Sigma Theta, Black, Commission Locations: California, Dallas, Louisiana, New Orleans, Baton Rouge, Shreveport, Washington , DC, New York, Ted Cruz of Texas, Josh Hawley of Missouri, Florida, Madinah, New Jersey, Northern Virginia, Kamala Harris of California, United States
“This nation also remains in the grip of a deadly virus and a reeling economy,” Mr. Biden said Wednesday. Michael D. Shear andNow that the House has impeached Trump, what happens next? Since Mr. McConnell said on Wednesday that he would not agree, the trial cannot start until after Mr. Biden is president. Conviction in an impeachment trial would not automatically disqualify Mr. Trump from future public office. Mr. Biden will detail his plans, which he and his economic team have been honing for weeks, in an evening speech in Delaware.
Persons: Trump, Joseph R, Biden, Amr Alfiky, President Trump, Trump’s, Mr, , Michael D, Erin Schaff, Mitch McConnell of, Biden’s, ” Mr, McConnell, , , impeaching Trump, Catie Edmondson, sidestepped magnetometers, Geoffrey C, Ward, you’d, Max Whittaker, Brian Deese, Deese Organizations: Biden, New York Times, Capitol, Democratic, The New York Times, Republican, Senate, National Guard, Trump . Credit, Covid, National Economic Council, Reuters, Democrats, Congress, Mr Locations: Newark, Del, Wilmington, Mitch McConnell of Kentucky, United States, Washington, American, Napa, Delaware
Widen After Impeachment Vote Some House Republicans have called on Representative Liz Cheney to resign from her leadership post after she voted to impeach President Trump. Representative Liz Cheney had issued a scathing statement the day before the impeachment vote repudiating President Trump. Mr. Biden will detail his proposal, which he and his economic team have been honing for weeks, in an evening speech in Delaware. “This nation also remains in the grip of a deadly virus and a reeling economy,” Mr. Biden said Wednesday. Far more of a party institutionalist, Mr. Biden has promised to rebuild state parties and deepen investments in the committee.
Persons: Liz Cheney, Trump, Joseph R, Biden, Cheney, Anna Moneymaker, Trump’s, Mr, Andy Biggs of, Jim Jordan of, Matt Gaetz, , Ms, , ” Mr, Gaetz, Fox News’s “ Hannity ”, “ Liz, Adam Kinzinger of, Kinzinger, Jordan, Kevin McCarthy of, Steve Scalise, impeaching Mr, McCarthy, , Dick Cheney —, Max Whittaker, Brian Deese, Biden’s, Deese, ” Alan Rappeport, President Trump, Jim Lo Scalzo, Kevin Seefried, Jake Angeli, Robert Keith Packer, Auschwitz ” sweatshirt, insurrectionists, Jacob Fracker, Thomas Robertson, Robertson, Garry Reid, Amr Alfiky, Michael D, Erin Schaff, Mitch McConnell of, McConnell, impeaching Trump, Catie Edmondson, Jaime Harrison, Lindsey Graham, Cameron Pollack, Harrison, Tom Perez, Jim Clyburn, Barack Obama, Lisa Lerer, Austin, John F, Kirby, Win Mcnamee, John, Kirby —, John Kerry, Chuck Hagel, Mike Mullen, Staff —, David L, Norquist, Lloyd J, Austin III, Ryan McCarthy, Kerry, Obama, Admiral Mullen, Hagel, Adriano Espaillat, Espaillat, Jacquelyn Martin, maskless Trump, Bonnie Watson Coleman, Pramila Jayapal, Brad Schneider, Ayanna S, Pressley, Emily Cochrane, Gabriela Bhaskar, Bernie Sanders, Vermont, Elizabeth Frantz, Sanders, we’ve, George W, Bush, Barack Obama’s, Alan Rappeport, Julia Letlow, Luke Letlow, Letlow, Ralph Abraham, Luke, Allen Guillory Sr, Sandra “ Candy ” Christophe, Glenn Thrush Organizations: Republicans, Security, Trump, Trump . Credit, The New York Times, House Republican Conference, Capitol, Fox, Freedom Caucus, Republican Party, Mr, Senate Republicans, Covid, National Economic Council, Reuters, Democrats, Congress, Justice Department, Confederate, Auschwitz, military’s, Chiefs, Staff, The Defense, Department of Defense, National Guard, New York Times, Democratic, Republican, Senate, S.C, Lindsey Graham . Credit, Democratic National Committee, South Carolina Democratic Party, Belt, U.S, Pentagon, Navy, Biden, Joint Chiefs, Politico, State Department, Joint Staff, Pfizer, Centers for Disease Control, Prevention, Moderna, Democrat, Secret Service, Amtrak, National Capital, , Committees, Congressional, Credit, Louisiana Republican, Louisiana’s Fifth, University of Louisiana Locations: Wyoming, Andy Biggs of Arizona, Jim Jordan of Ohio, Florida, Adam Kinzinger of Illinois, Kevin McCarthy of California, Louisiana, United States, Napa, Delaware, Rocky Mount, Va, Newark, Del, Wilmington, Mitch McConnell of Kentucky, Columbia, Lindsey Graham ., South Carolina, Arizona, Georgia, Army, Iran, Iraq, Afghanistan, Washington, New York, New Jersey, Illinois, Massachusetts, , Louisiana’s, Covid, Richland Parish, Monroe, Opelousas, Alexandria
New Jersey announced Thursday it would start vaccinating people age 65 and older and people with underlying health conditions against the coronavirus. The decision will bump the state's two million cigarette smokers to the front of the vaccine line, alongside people with other high-risk medical conditions, including obesity, Type 2 diabetes, and heart disease . In NJ, smokers can get vaccinated before teachersNew Jersey Governor Phil Murphy, watches as Maritza Beniquez, RN, reacts to receiving a COVID-19 in Newark, New Jersey. According to Kristen Ehresmann, director of infectious disease epidemiology, prevention, and control for the Minnesota Department of Health, expanding the priority pool may be more trouble than it's worth. The expanded priority pool means four and a half million New Jersey residents — about half the state's population — are now eligible for a vaccine.
Persons: Alex Azar, Phil Murphy, Donna Leusner, Beniquez, Kirsten Luce, Murphy's, Kristen Ehresmann, Sandra Lindsay, Mark Lennihan, Judy Persichilli, Andrew West, Moncef Slaoui, MANDEL NGAN Organizations: Human Services, New, Minnesota Department of Health, Jewish Medical Center, REUTERS NJ Department of Health, Twitter, Washington Post, USA, Network, Reuters, Getty Locations: Jersey, New Jersey, Newark , New Jersey, States, New York, Long, New Hyde Park , New York, . New Jersey, Florida, Texas, AFP
Poshmark's HQ is in Redwood City, but CEO Manish Chandra says he doesn't expect all employees to return to the office after today's hot IPO debut. "I expect that remote work is also here to stay," Chandra told Insider. The company's 501 full-time employees work in a variety of roles including research and development, marketing, and operations. Poshmark's headcount grew from 212 full-time employees in 2017 to 501 full-time employees in 2020. So I expect that we would want to have an office, Chandra told Insider, adding, "But I expect that remote work is also here to stay.
Persons: Manish Chandra, Chandra, Poshmark's headcount, Poshmark Organizations: SEC Locations: Redwood City, Redwood City , California, Newark , California, Canada, India
Biden's call for $10,000 in student loan forgiveness not included in stimulus plan
  + stars: | 2021-01-14 | by ( Annie Nova | ) www.cnbc.com sentiment -1.00   time to read: +1 min
Senior officials of the incoming Biden administration say the president-elect still supports forgiving $10,000 in student debt per borrower although there's no mention of the loans being cancelled in his outline for a $1.9 trillion stimulus package unveiled on Thursday. There's also no reference to extending the payment pause and interest waiver for student loan borrowers that's expected to expire this month. An aide for the administration said last week that Biden would give borrowers more time before they have to resume their payments. The vast majority — or around 90% — of federal student loan borrowers have taken advantage of the government's option to pause their payments during the pandemic, data shows. In a recent Pew survey, 6 in 10 borrowers said it would be difficult for them to start paying their student loan bills again in the coming month.
Persons: Joe Biden, BioNTech, Biden, There's Organizations: Pfizer, Hospital Locations: ChristianaCare, Newark , Delaware
ET Live Updates: House Set to Impeach Trump, After Pence Rejects Call to Strip His Powers Lawmakers said they would move to impeach the president on Wednesday, after formally calling on Vice President Mike Pence to use the 25th Amendment. In a letter to Speaker Nancy Pelosi before the House vote on Tuesday, Vice President Mike Pence rejected the possibility of invoking the 25th Amendment. Credit... Nicole Craine for The New York Times The House on Tuesday night formally called on Vice President Mike Pence to invoke the 25th Amendment and strip President Trump of his powers. With Democrats controlling the House, Mr. Trump is likely to become the first American president to be impeached twice. Other sites such as Snapchat, Reddit and Twitch also curtailed Mr. Trump.
Persons: Trump, Pence, Mike Pence, didn’t, Nancy Pelosi, Nicole Craine, Mr, Mitch McConnell of, Liz Cheney, , Kevin McCarthy of, Republicans —, , Chuck Schumer, McConnell, Biden’s, Nicholas Fandos, Jonathan Martin, Maggie Haberman, , Anna Moneymaker, ” “, Jamie Raskin, Adam Kinzinger of, Dan Bishop, Mitch McConnell, Joseph R, Biden, impeaching Trump, John Katko, Stefani Reynolds, Trump “, Fred Upton of, Jaime Herrera Beutler, ” Nicholas Fandos, Pelosi, Adam Schiff, Jerrold Nadler, Trump’s, Ms, Raskin, “ I’m, ” Mr, Diana DeGette of, David Cicilline, Joaquin Castro, Eric Swalwell of, Ted Lieu, Stacey Plaskett, Joe Neguse, Madeleine Dean of, ” Ms, Cheney, Luke Broadwater, Doug Mills, Donald J, Reddit, Twitch, Justin Sullivan, Peggy E, Gustafson, Steven Dillingham, Dillingham, you’ve, Organizations: Trump, The New York Times, Capitol, Republicans, Democrats, Republican, Capitol Police, Democratic, Senate, Power, Capitol . Credit, Lawmakers, IF ARTICLE, Trump loyalists, , United States Capitol, The New York, Intelligence Committee, Committee, University’s Washington College of Law, Air Force, United, YouTube, New York Times YouTube, Trump’s, Google, Facebook, Twitter, Bureau, Commerce, White, Census, Mr, American Locations: Mitch McConnell of Kentucky, Wyoming, United States, Kevin McCarthy of California, New York, Maryland, Adam Kinzinger of Illinois, North Carolina, Newark, Del, Republic, Fred Upton of Michigan, Illinois, California, Diana DeGette of Colorado, Rhode Island, Joaquin Castro of Texas, Eric Swalwell of California, Ted Lieu of California, Virgin, Colorado, U.S, Texas, Missouri
United Airlines revealed the first 12 routes that its Boeing 737 Max aircraft will fly. United operates the larger Boeing 737 Max 9 jet and is currently the only airline in the US to operate the type. United Airlines has scheduled the first routes for its Boeing 737 Max aircraft that's set to return to the skies on February 11, 2021. A tried and true Boeing 737 airline, the Max fit right into United's fleet as pilots could fly both the 737 Next Generation and 737 Max interchangeably. Here's where United is flying the 737 Max come February 11, 2021.
Persons: Max, Valentyna, John Coletti, Orlando, Fort Myers, UA366, UA286, Sean Pavone, UA1074, Phoenix, David McNew, UA1777, randy andy, UA659, It's Organizations: Airlines, Boeing, Max, United Airlines, American Airlines, Alaska Airlines, Houston, Denver, Orlando, Getty, Fort Myers , Florida Fort, UA2221, Fort Myers, Chicago, Shutterstock, United, Fort, Phoenix, Los Angeles, Las Vegas, Las Locations: Denver, Houston, United, York, Miami, East Coast, Anchorage, Los Angeles, Honolulu, Here's, Houston Houston , Texas, Orlando Orlando , Florida, Florida, Orlando, Fort Myers , Florida, Fort Myers , Florida Fort Myers , Florida, Fort, Chicago Chicago , Illinois, Chicago, Fort Lauderdale Fort Lauderdale , Florida, Kamira Fort Lauderdale, Fort Lauderdale, Phoenix Phoenix , Arizona, Phoenix, Los, Los Angeles Los Angeles , California, Las Vegas Las Vegas , Nevada, Vegas, Las Vegas, Las, Sacramento Sacramento , California, Shutterstock Sacramento, California, Newark Newark , New Jersey, Shutterstock
ET Live Updates: House Plans Vote Demanding Pence Seize Trump’s Powers The resolution calls on Vice President Mike Pence to wrest the powers of the office from President Trump. If Mr. Pence fails to act, an impeachment vote is expected Wednesday. The motion on Monday set off a high-stakes standoff between two branches of government, as House Democrats pressured Mr. Pence to intervene. They were confident they had the votes to make Mr. Trump the first president ever to be impeached twice. Sixteen groups — some of them armed and most of them hard-line supporters of Mr. Trump — have already registered to stage protests in Washington.
Persons: Mike Pence, Trump, Pence, Anna Moneymaker, ” Mr, Joseph R, Biden, Nicholas Fandos, Zolan Kanno, Youngs, Michael Crowley, Peter Baker, Daniel R, Chad F, Wolf, Peter T, Gaynor, , Muriel E, Bowser, Bowser’s, Alan Feuer, Chris Cameron, Dave Philipps, , Cori Bush, Whitney Curtis, Mo Brooks, Ted Cruz of, Josh Hawley, Bush, it’s, Jamaal Bowman, Lauren Boebert, Bowman, ” Chris Cameron, Catie Edmondson, Doug Mills, Impeaching, Mitch McConnell, Jan, James E, , bifurcate, Marie Fazio Organizations: Democrats, Capitol Police, Capitol, ., The New York Times, National Guard Bureau, Homeland Security Department, Federal Emergency Management Agency, Mr, Washington, Department of Homeland Security, Capitol . Security, The National Guard, Defense, Democrat, The New York Times Progressive, Representatives, , Twitter, United States Congress, White House, Credit, New York Times, Republicans, Senate, Congressional Locations: Washington, United States, Newark, Del, ., Missouri, Mo Brooks of Alabama, Ted Cruz of Texas, Josh Hawley of Missouri, New York, Colorado, South Carolina
Shares of Churchill Capital Corp. IV are up over 50% in a two-day streak to start the week. News of the SPAC potentially taking EV company Lucid Motors public is driving the share price higher. The fourth of seven 'blank-check' companies operated by Michael Klein, Churchill Capital Corp. IV's plan for Lucid Motors would keep the SPAC craze going in 2021. Shares of Churchill Capital Corp IV soared to start the week on news the special purpose acquisition company is in talks to take Lucid Motors public, per Bloomberg. Shares of Churchill Capital Corp IV are trading close to $15 after hovering around the $10 mark for months.
Persons: Michael Klein, Klein, Read, Goldman Sachs Organizations: Churchill Capital Corp, Lucid Motors, Lucid, Bloomberg, Public Investment Fund, Air, Fidelity, EV Locations: Newark , California, Saudi Arabia
ET Live Updates: Trump Shows No Contrition for Inciting Mob, Calling Remarks ‘Appropriate’ The House will vote on a resolution on Tuesday calling on Vice President Mike Pence to wrest the powers of the office from President Trump. RIGHT NOW In a tacit break with Trump, House Republicans will not formally lobby against his impeachment. They were confident they had the votes to make Mr. Trump the first president ever to be impeached twice. Representative Kevin McCarthy, left, the Republican leader, said he will “personally” oppose impeaching President Trump. Sixteen groups — some of them armed and most of them hard-line supporters of Mr. Trump — have already registered to stage protests in Washington.
Persons: Mike Pence, Trump, Pence, Doug Mills, Mr, , , Alejandro Silva, Silva, John, Michael Torres, McAllen Mayor Jim Darling, ” James Dobbins, Anna Moneymaker, ” Mr, Joseph R, Biden, Nicholas Fandos, Zolan Kanno, Youngs, Michael Crowley, Peter Baker, Kevin McCarthy, President Trump, Kevin McCarthy of, McCarthy, Mitch McConnell of, , Liz Cheney, ” Ms, Cheney, John Katko, Fred Upton of, Jaime Herrera Butler, Peter Meijer, impeaching Trump, “ Donald Trump, Sarah Longwell, Cheney “, Ms, Olivia Troye, Elizabeth Neumann, Troye, Neumann, Longwell, Michael Hayden, George W ., Peter D, Keisler, Stuart M, Gerson, Biden’s, Alejandro Mayorkas, , Kamala Harris, Lloyd J, Austin III —, Austin, Avril D, Haines, Antony J, Blinken, William Burns, Austin III, Hilary Swift, Trump’s, Jim Mattis, Austin’s, Angus King, King, Kirsten Gillibrand, Tammy Duckworth, Elizabeth Warren, Warren, James M, Inhofe, Mike Rounds, Daniel R, Chad F, Wolf, Peter T, Gaynor, Muriel E, Bowser, Bowser’s, Alan Feuer, Chris Cameron, Dave Philipps, Impeaching, Mitch McConnell, Jan, James E, bifurcate, Marie Fazio, Cori Bush, Whitney Curtis, Mo Brooks, Ted Cruz of, Josh Hawley, Bush, it’s, Jamaal Bowman, Lauren Boebert, Bowman, ” Chris Cameron, Catie Edmondson, James Ivialiotis, Christopher Occhicone, Jamie Raskin, Nancy Pelosi’s, Raskin’s, Tommy Raskin, Raskin, “ I’ll, I’ve, Tom Cole of Oklahoma Organizations: Trump, Trump , House Republicans, Capitol, New York Times, Joint Base Andrews, Rampage, Twitter, Vehicles, McAllen Police, U.S . Border Patrol, Mr, La, McAllen Mayor, Capitol Police, ., The New York Times, Democrats, Republican, impeaching, Trump . Credit, The New York Times House Republican, House, Republicans, Trump Republicans, incentivize Republicans, Trump Republican, Longwell, Department of Homeland Security, Republican Party, Air Force, National Security Agency, of Homeland Security, Senate, Georgia, Department of Defense, Pentagon, Army, National Intelligence, Central Intelligence Agency, The New York Times Democratic, Senate Armed, Senate Armed Services, , National Guard Bureau, Homeland Security Department, Federal Emergency Management Agency, Washington, Capitol . Security, The National Guard, Defense, White House, Credit, Congressional, Democrat, The New York Times Progressive, Representatives, , United States Congress, 117th, Harvard University, Maryland Democrat Locations: Alamo , Texas, Portland, Seattle, Mexico, Harlingen, McAllen, Alamo, Rio Grande, del Pueblo, Rio Grande Valley, Washington, United States, Newark, Del, Kevin McCarthy of California, Mitch McConnell of Kentucky, Wyoming, New York, Fred Upton of Michigan, Peter Meijer from Michigan, Wilmington, Maine, Illinois, Iraq, Massachusetts, Oklahoma, South Dakota, ., South Carolina, Missouri, Mo Brooks of Alabama, Ted Cruz of Texas, Josh Hawley of Missouri, Colorado, Staten Island, N.Y, Covid, Maryland
But Theranos destroyed its test-results database in 2018 after providing the government with a useless copy, justifying the use of anecdotal evidence, prosecutors said. "Just dump the entire bespoke database on the Government," a WilmerHale lawyer told Theranos, according to the filing. As early as June 2018, IT specialists at Theranos knew that restoring the LIS database would require a password. The government suggested that PwC and FTI Consulting, which provided discovery assistance to Theranos, could have helped produce a copy of the LIS database. John Cline, a lawyer for Holmes, and representatives for WilmerHale didn't immediately respond to comment requests.
Persons: Elizabeth Holmes, Ramesh, Sunny, Balwani, Theranos, Connolly, Holmes, , Prosecutors, Read, Xan White, it's, PwC, John Cline, WilmerHale didn't Organizations: Government, Williams, Wall Street Journal, Fortress Investment Group, Fortress, FTI Consulting Locations: Newark , N.J, WilmerHale
FBI warns of armed protests ahead of inauguration
  + stars: | 2021-01-11 | by ( Mark Hosenball | ) www.reuters.com + 0.00   time to read: +4 min
(Reuters) - The FBI has warned of possible armed protests being planned for Washington, D.C., and at all 50 U.S. state capitals in the run-up to President-elect Joe Biden’s inauguration on Jan. 20, a federal law enforcement source said on Monday. FILE PHOTO: U.S. President-elect Joe Biden walks into the Queen Theatre in Wilmington, Delaware, U.S., January 10, 2021. The committee has told Americans not to travel to the inauguration, and said Washington’s National Mall will be covered with 191,500 flags of different sizes, to represent the missing crowds. A U.S. presidential inauguration traditionally draws hundreds of thousands of visitors to the U.S. capital, but the ceremonies have been scaled back dramatically because of the COVID-19 pandemic. Trump said last week he would not attend the ceremony, a decision the president-elect supported.
Persons: Joe Biden’s, Joe Biden, Tom Brenner, Donald Trump’s, Daniel Hokanson, Chris Murphy, “ I’m, ” Biden, , people’s, Chad Wolf, Muriel Bowser, ” Bowser, Wolf, Trump Organizations: Reuters, FBI, D.C, Queen Theatre, REUTERS, National Guard, Biden’s, America, Capitol, Trump loyalists, Washington D.C, National Guard Bureau, Saturday, Pentagon, Service, Homeland, Washington, Congress, U.S Locations: Washington, Wilmington , Delaware, U.S, Newark , Delaware, WASHINGTON, America
NEW YORK (Reuters) - Investors will be anxious to see whether upcoming quarterly reports and outlooks from U.S. companies validate expectations for a strong 2021 rebound in earnings and the economy, which were ravaged by the coronavirus pandemic last year. Earnings for S&P 500 companies are expected to have dropped 9.8% in the fourth quarter from a year ago, according to IBES data from Refinitiv. But earnings are expected to rebound this year, with a gain of 16.4% projected for the first quarter. That forecast has improved since the fall, while S&P 500 earnings are expected to grow 23.6% in 2021, benefiting from easy comparisons with 2020. Earnings for energy and industrials sectors are expected to have declined the most of all sectors in the fourth quarter.
Persons: Brendan McDermid, Joe Biden, JP Morgan, “ Managements, , Kenneth Leon, What’s, ” Leon, , Rick Meckler, ” Lindsey Bell, Quincy Krosby Organizations: YORK, New York Stock Exchange, REUTERS, Citi, CFRA Research, Cherry Lane Investments, Russell, Invest, Prudential Financial Locations: New York, U.S, Brendan McDermid U.S, United States, Europe, New Vernon , New Jersey, Newark , New Jersey
AirlineRatings just unveiled its list of the world's safest airlines for 2021, according to the site's experts, narrowing the top 20 from a list of 385. Aviation product and safety rating website AirlineRatings just released its yearly list of the top 20 safest airlines for 2021, according to its experts. The site narrowed down 385 of the world's airlines based on a variety of factors ranging from crashes and incidents to the age of an airline's fleet. REUTERS/Louis NastroUnited Airlines earned the number 20 spot on this year's list after not being featured on last year's. American AirlinesAn American Airlines Boeing 737 Max jet at Miami International Airport in March 2019.
Persons: AirlineRatings, Geoffrey Thomas, Read, Hawaiian Airlines —, Louis Nastro, Max, Nicolas Economou, they've, Sudpoth, Shutterstock.com Finnair, Finnair, Joe Raedle, Bruce Bennett, McDonnell Douglas, Chris Parypa, Markus Mainka, FlightGlobal, Robert Smith, Getty, John F, Philip Pilosian, Lucas Jackson, Bill Roque, Lukas Wunderlich, Thomas Pallini, Ryan Fletcher, Dustin Hoffman's, Thomas, David Slotnick Organizations: US, Carriers, Aviation, Airlines, Airbus, Boeing, Alaska Airlines, Hawaiian Airlines, United Airlines United Airlines, REUTERS, Louis Nastro United Airlines, KLM Royal Dutch Airlines, KLM Royal Dutch Airlines Boeing, Getty KLM Royal Dutch Airlines, Lufthansa, Lufthansa Airbus A320neo, Getty Lufthansa, Boeing 777X, Business, SAS Scandinavian Airlines, SAS Scandinavian Airlines Airbus, SAS, American Airlines An American Airlines Boeing, Miami International Airport, Getty, Bombardier CRJ, Embraer E190, US Airways, Max, Delta Air Lines, Delta Air Lines Airbus, Delta, Southwest Airlines, Southwest Airlines Boeing, Federal Aviation, FAA, Hawaiian Airlines Airbus, Virgin, Virgin Atlantic Airways, Virgin Atlantic Airways Airbus, Commonwealth of Nations, Virgin Australia, Virgin Atlantic, Bain Capital, British Airways A British Airways Airbus, British Airways, Airbus A321neo, Kennedy International Airport, Airport, Cathay Pacific Airways, Cathay Pacific Airways Airbus, Changi International, Reuters Cathay Pacific Airways, Cathay, Alaska, Alaska Airlines An Alaska Airlines Boeing, Virgin America, Etihad Airways, Etihad, JFK International, Reuters Etihad Airways, UAE, Air Boeing, Air, Emirates, Emirates Airbus, Shutterstock.com Emirates, Singapore Airlines, Singapore Airlines Airbus, Shutterstock Singapore Airlines, Singapore -, United Airlines, Air New Zealand, Air New Zealand Boeing, New Zealand, Qatar Airways, Qatar Airways Boeing, Qantas, Qantas Airbus Locations: Asia, Oceania, AirlineRatings, San Francisco, Houston, Denver, Netherlands, Amsterdam, Pacific Northwest, Finland, New York, Copenhagen, Delta's, Boston, Virgin Australia, Virgin Atlantic, New, London's, Changi, Singapore, Hong Kong, Alaska Airlines, Alaska, Coast, U.S, Cirium, Emirates, New York City, Singapore - Newark, Qatar, Australian, Sydney, London
“I feel blessed to have this opportunity as a son of immigrants to be able to serve in Congress,” he said. “Democracy to me is this place of opportunity that is affording me a chance to do something extraordinary.”Andy Kim at a debate in Newark, N.J., on Oct. 31, 2018. (Kim won re-election in November despite voting to impeach the president last year.) The irony of a history-making Korean American lawmaker dusting up after a white supremacist riot is not lost on Kim. “We also need to recognize that how we get through that is by seeing the humanity in each other.
Persons: , ” Andy Kim, Julio Cortez, Kim, they’ve, that’s, George W, Bush, Barack Obama, “ I’ve, I’ve, Organizations: Trump, Capitol Locations: Newark , N.J, American, New Jersey, Afghanistan, Iraq
But the military has been called out on multiple occasions in response to civil unrest — and it hasn't just been the National Guard, either. When it comes to curbing civil unrest, the military has been called out on multiple occasions — and it wasn't just the National Guard, either. The New York Draft Riots are still the largest civil disturbance in American history. George Romney (yes, Mitt Romney's dad) chose to call in the Michigan National Guard. Even after the National Guard was deployed, the violence continued, causing $10 million dollars in damages ($77.6 million today) and killing 26 with hundreds injured.
Persons: aren't, Abraham Lincoln, , Herbert Hoover's, Hoover, Douglas MacArthur, George Romney, Mitt Romney's, Lyndon Johnson, Martin Luther King, Jr, Rodney King, — Blake Stilwell Organizations: National Guard, New, New York, US Marines, Gettysburg, Army, Capitol, 3rd Cavalry Regiment, US Army, Michigan National Guard, 82d, 101st Airborne, Newark —, Black, New Jersey National Guard, Los Angeles Riots, LAPD, California National Guard, United States Marines, Twitter, Facebook Locations: New York, United States, Manhattan, Washington, Capitol, Detroit, , Newark, Memphis , Tennessee, Cities, Baltimore, Chicago, Nashville , New York, Raleigh , North Carolina, Los Angeles
The Composer Tyshawn Sorey Enters a New Phase
  + stars: | 2021-01-07 | by ( Adam Shatz | ) www.nytimes.com + 0.00   time to read: +8 min
“Here I was trying to be this Princeton-Columbia type of intellectual composer,” Sorey says, “and everybody hated it. Sorey called this beguiling piece “Trio for Harold Budd,” in homage to the composer who reminded him that the beauty of his music mattered more than the beauty of his ideas. Since that moment, he said, he lost interest in “being the most avant-garde person in the room.”During his first year at Columbia, Sorey took classes with the composer, trombonist and musicologist George Lewis, a member of the A.A.C.M. But at Lewis’s urging, he worked most closely with the composer Fred Lerdahl, a specialist in tonal harmony, who advised his thesis. This was the beginning of Sorey’s “Slow Movement for Piano,” a work of wintry Romanticism later recorded by his trio.
Persons: Iyer, , ” Sorey, , Kendrick Lamar, Sorey, Kris Davis, Ingrid Laubrock —, Davis, , Davis’s, Kevin, Anthony Braxton, Alvin Lucier, Amanda L, Scherbenske, Morton Feldman, Sorey’s, , he’d, Harold Budd helpfully, ” Budd, Courtney Bryan, Coltrane, Harold Budd, George Lewis, Fred Lerdahl, ” Lewis, , Fred, you’re, Lerdahl, Brahms Organizations: Wesleyan, SUNY, Columbia University, Columbia, Piano Locations: European, Canadian, Newark, Essex, North Dakota, Buffalo, Columbia, Northern California, Princeton, American,
Supporters of U.S. President Donald Trump clash with police officers in front of the U.S. Capitol Building in Washington, U.S., January 6, 2021. So there is some sensitivity to what is going on in Washington, but I don’t think it’s long term. These actions, fueled by lies and wild conspiracy theories espoused by President Trump, must be unequivocally condemned by every corner of our society. “It has pulled the market back a little bit I don’t think it turns the day to a negative environment. I don’t think investors are necessarily looking for more upside in the VIX on this.
Persons: Donald Trump, Mike Pence, Democrat Joe Biden, Leah Millis, Trump, JAMIE DIMON, JPMORGAN CHASE “, ” PAUL NOLTE, ” LETITIA JAMES, President Trump, Joe Biden, JACK ABLIN, ” ROBERT PAVLIK, Biden, it’s, KEVIN FLANAGAN, QUINCY KROSBY, Republican Party ”, ” JIM PAULSEN, , ” LOU BRIEN, ” EDWARD MOYA, Pelosi, ” CHRISTOPHER MURPHY, Stocks Organizations: YORK, U.S, Capitol, Democrat, Republican, REUTERS, Democratic, Trump, Nasdaq, Treasury, JPMORGAN, CHICAGO, GENERAL, LIFE, Electoral, Georgia, PRUDENTIAL, NEW, Republican Party, GROUP, That’s, TIM, SUSQUEHANNA Locations: Washington , U.S, Georgia, Washington, NEWPORT BEACH , CALIFORNIA, DAKOTA, FAIRFIELD , CONNECTICUT, NEWARK, NEW JERSEY, MINNEAPOLIS, Georgia’s, INVERNESS, BALA CYNWYD, PENNSYLVANIA
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