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☆ United Airlines says hybrid working could help to keep travel demand surging, despite US airfares rising by 43% over the last year
▼ + stars: | 2022-10-19 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Air ticket prices are soaring, but United Airlines doesn't see travel demand falling away soon. Hybrid working will allow more people to travel for leisure, the airline said in its Q3 results. United's Q3 results were among the best operational quarter in its history, CEO Scott Kirby said. There are three "durable trends" for air travel demand that United believes is "more than fully offsetting any economic headwinds, the airline said in its results. It's not the only airline to forecast surging demand, and revenues, after a summer of travel chaos, mass delays, and cancellations.

☆ U.S. to hold offshore wind power rights sale off California coast in December
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

Oct 18 (Reuters) - President Joe Biden's administration on Tuesday said it would hold the first ever sale of offshore wind development rights off the coast of California on Dec. 6, a big step forward in expanding the nascent U.S. industry to Pacific waters. Previous federal offshore wind lease sales have all been for leases in the Atlantic Ocean. By 2035, Interior aims to have 15 gigawatts of floating offshore wind capacity. The goal is aligned with the administration's other target for permitting 30 gigawatts of offshore wind by 2030. She said the department is "moving forward at the pace and scale required to help achieve the President's goals to make offshore wind energy, including floating offshore wind energy, a reality for the United States."

☆ Honda and Sony are launching an EV that could connect to the metaverse — and Americans will be the first to get behind the wheel
▼ + stars: | 2022-10-13 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Honda and Sony will launch their first EV in the US in 2025, under a joint partnership. The EV could have level-3 automation and its entertainment system could connect to the metaverse. Sony Honda Mobility Inc (SHM) — a strategic partnership between the automaker Honda and electronics giant Sony — announced Thursday that it will launch its first EV in the US. On Tuesday, Honda announced plans to invest $4.4 billion in an EV battery production plant in Anna, Ohio, in another joint venture with LG Energy Solution. The Honda Prologue, built in partnership with GM, is set to launch in 2024.

☆ Amazon is switching the rockets used to launch the first 2 of more than 3,000 satellites, delaying lift-off until 2023
▼ + stars: | 2022-10-13 | by ( Stephen Jones | ) www.businessinsider.com time to read: +2 min

Amazon is switching the rockets used to carry the first of its two Project Kuiper satellites. Amazon originally scheduled the launch for late 2022 but said lift-off will now be in early 2023. A rival to SpaceX's Starlink, Project Kuiper is Amazon's project that involves building a network of more than 3,200 low-orbit satellites to provide a global broadband network. The two prototype satellites will be used to run tests, ahead of the first commercial launches of Amazon's production version of the satellites. ABL president, Dan Piemont, told CNBC on Wednesday, that the company finished work on a custom spacecraft for Project Kuiper earlier this year.

A high-yield savings account has a higher interest rate than a typical bank savings account. For short-term goals, choose a high-yield savings account, says financial planner Spencer Betts, who sits on the Certified Financial Planner Board of Standards. Here are three situations where Betts says you should definitely keep your cash in a high-yield savings account. Creating a travel budgetBetts advises his clients to use a high-yield savings account to save up for their travels. Paying down debtExperts recommend only keeping three to six months in a high-yield savings account for emergencies.

☆ Trump's Truth Social app is officially on the Google Play Store after complying with moderation rules
▼ + stars: | 2022-10-12 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

Donald Trump's social-media app Truth Social is live on the Google Play Store. The app was already available for download on Apple's app store. For instance, Truth Social has guidelines that prohibit posts that "depict violence, threats of violence or criminal activity." Google removed it from the Play Store, meaning over 40% of smart phone users couldn't access it. Shares for the SPAC Digital World Acquisition Group, which announced plans to merge with Truth Social last year, rose 9% on Wednesday after Axios' report.

We think the rebalancing must be done," Bailey said at an event organised by the Institute of International Finance. "My message to the funds involved and all the firms involved managing those funds: You've got three days left now. Bailey was keen to distinguish between the temporary, financial stability nature of the latest intervention and previous quantitative easing stimulus. HEAVY LOSSESInflation-linked gilts, typically held by pension funds and known in the market as linkers, suffered a massive sell-off on Monday as the end to the BoE's programme on Friday approached. Simeon Willis, chief investment officer of pension consultants XPS, said he had seen pension funds selling "across the board" to find liquidity.

☆ An airline has scrapped a controversial policy that forced flight attendants to quit if they became pregnant
▼ + stars: | 2022-10-11 | by ( Stephen Jones | ) www.businessinsider.com time to read: +2 min

Singapore Airlines has ended a controversial policy that forced pregnant flight attendants to leave. Previously, pregnant cabin crew were put on no-pay leave but can now apply for a ground role. The airline changed the rules in July, according to a memo seen by The Straits Times. Under the policy, when a flight attendant informed the airline she was pregnant, she'd be placed on leave without pay. Over recent years, some airlines have come under pressure for the strict rules they have put in place for female flight attendants.

☆ Rivian lost $2 billion in market value in a single day after recalling nearly all of its EVs
▼ + stars: | 2022-10-11 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Rivian lost more than $2 billion dollars from its market value in a single session on Monday. It followed the company's decision to voluntarily recall nearly all of its vehicles on Friday. On Friday, Rivian had a total market value of $29.99 billion, by the close of the day Monday it had fallen to $27.81 billion, per CompaniesMarketCap. In March, the company cut its 2022 production forecast in half due to supply chain shortages, per Reuters. Rivian did not immediately respond to Insider's latest request for further comment, and an update on the recall, which was made outside of standard business hours.

What we look for when rating certificates of depositIn our articles, you may notice that specific bank accounts have an editor's rating. This is because each category serves as an essential component to understanding the overall banking experience with a particular financial institution. Minimum deposit (14.29% of rating)We look to see how easy it is to open a CD. If a financial institution has lower penalties, it will receive a higher rating, and institutions with higher penalties will receive a lower rating. Variety of term options (14.29% of rating)We look to see if a financial institution offers a variety of CD terms.

Each calendar year after spending $60,000 on eligible purchases, Card Members are eligible to select an Earned Choice Award benefit. 1K Bonus Points Per Stay: Earn 1,000 Marriott Bonvoy® bonus points per paid eligible stay booked directly with Marriott for properties participating in Marriott Bonvoy. Cardholders receive automatic Hilton Gold status, which opens the door to perks like free breakfast (food and beverage credit at US hotels), bonus points, and room upgrades. Gold status comes with a few perks, including a 10% points bonus on stays, early check-in and late checkout, up to nine elite rollover nights, and a welcome amenity. With Gold status, you'll get perks like a 10% points bonus on paid stays, late checkout when available, and access to preferred rooms.

A single perk from the Amex Marriott Bonvoy Business card got my family a free night at the Courtyard Erie Bayfront. Marriott BonvoyThe Marriott Bonvoy Business® American Express® Card has a $125 annual fee. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Amex OffersAmerican Express cards, including the Marriott Bonvoy Business® American Express® Card, get you access to a program called Amex Offers**. Other Amex Marriott Bonvoy Business perksThe Marriott Bonvoy Business® American Express® Card comes with other benefits that can save you even more money and make your travel experience better.

☆ Hong Kong wins over Goldman Sachs and other bank CEOs after lifting strict Covid rules
▼ + stars: | 2022-09-29 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN Business —Hong Kong has finally secured commitments from some of the world’s biggest banks to participate in a long-awaited summit, as it seeks to reaffirm its status as a global financial hub. Under the current rules, travelers are free to move around, although they may not be allowed into restaurants or bars during the first three days of their stay. The summit was announced by Hong Kong Financial Secretary Paul Chan in February. Hong Kong is the base for JPMorgan’s Asia Pacific headquarters, as well as those of many other financial firms. Now, the conference will be an important part of the city’s efforts to show that it’s truly reopened for global business.

Award can be used for one night (redemption level at or under 85,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy®. 6X Marriott Bonvoy Points on purchases at hotels participating in Marriott Bonvoy4X Marriott Bonvoy Points on up to $15,000 in combined purchases per year at restaurants worldwide and at U.S. supermarkets2X Marriott Bonvoy Points on all other eligible purchases1,000 Marriott Bonvoy Bonus Points with each qualifying stayComplimentary Gold Elite statusA Free Night Award (redemption level at or under 50,000 Marriott Bonvoy Points) after making $15,000 in purchases per year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Keep in mind that transferable credit card points — like Chase Ultimate Rewards®, Amex Membership Rewards, Citi ThankYou Rewards, and Capital One miles — are generally more valuable than hotel points or airline miles. Read more about the Marriott Bonvoy Brilliant card:Marriott recently unveiled two new credit cards — the Chase Marriott Bonvoy Bountiful™ Card from Chase and Marriott Bonvoy Bevy™ American Express® Card.

☆ Atom Computing to invest $100 mln in Colorado for quantum computer center
▼ + stars: | 2022-09-28 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +1 min

An Atom Computing's Phoenix quantum computer is seen in Berkeley, California, July 21, 2022. REUTERS/Jane Lanhee LeeSept 28 (Reuters) - Atom Computing, a Berkeley, California-based quantum computer maker, said on Wednesday it would invest $100 million over the next three years in Colorado where it plans to build its next generation of quantum computers. It is the latest quantum computing startup to build out its base in Boulder, Colorado. The state started to boost its involvement in quantum computing about two years ago, said Colorado's governor, Jared Polis, who attended Wednesday's Atom Computing event in Boulder. Atom Computing uses lasers to control individual atoms and build qubits, the basic unit of quantum information.

☆ Bank of England says it won't take 'risky bets' to help City's competitiveness
▼ + stars: | 2022-09-27 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, Sept 27 (Reuters) - The Bank of England's new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards to win business, BoE executive director Victoria Saporta said on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterSaporta said the best way to maintain competitiveness is by having a regulatory regime that is open, predictable, transparent and aligned with international standards. Saporta said alignment with international standards makes it easier for international firms to conduct business in the UK. "Rhetoric" about Brexit dividends, deregulation and a Big Bang 2.0 means the City won't get access to the EU financial market in the forseeable future, Collier said. If we get it right, we should be a very vibrant and deep capital market," Collier said.

In lieu of being incarcerated, he agreed to complete a court-supervised treatment program at Hennepin County Veterans Court. Minnesota’s new law establishes a consistent set of standards for every criminal court in the state, depending on the offender’s criminal history and the severity of the crime. But the Hennepin County Veterans Court has started to see some of its early impacts. At least 22 veterans have graduated its treatment program since the law went into effect on Aug. 1, 2021. The lack of data on the issue led the Council on Criminal Justice to launch a national commission to examine over the next two years why so many veterans land behind bars.

Because the Marriott Bonvoy Business® American Express® Card is a small-business card, you'll need to have some business activity to qualify. In addition, you won't be eligible for the welcome bonus on this card if any of the following apply to you: Within the last 30 days, you've held the Marriott Bonvoy™ Premier Plus Business Credit Card from Chase, the Marriott Rewards ® Premier Plus Business Credit Card from Chase, the Marriott Bonvoy Business™ Credit Card from Chase, or the Marriott Rewards ® Business Credit Card from Chase. Premier Plus Business Credit Card from Chase, the Marriott Bonvoy Business™ Credit Card from Chase, or the Marriott Rewards Business Credit Card from Chase. Within the last 90 days, you've opened the Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bountiful™ Card , or Marriott Bonvoy Bold® Credit Card. Within the last 24 months, you've received a new cardmember bonus from the Marriott Bonvoy Bountiful™ Card, Marriott Bonvoy Boundless® Credit Card, or Marriott Bonvoy Bold® Credit Card.

Because the Marriott Bonvoy Business® American Express® Card is a small-business card, you'll need to have some business activity to qualify. In addition, you won't be eligible for the welcome bonus on this card if any of the following apply to you: Within the last 30 days, you've held the Marriott Bonvoy™ Premier Plus Business Credit Card from Chase, the Marriott Rewards ® Premier Plus Business Credit Card from Chase, the Marriott Bonvoy Business™ Credit Card from Chase, or the Marriott Rewards ® Business Credit Card from Chase. Premier Plus Business Credit Card from Chase, the Marriott Bonvoy Business™ Credit Card from Chase, or the Marriott Rewards Business Credit Card from Chase. Within the last 90 days, you've opened the Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bountiful™ Card, or Marriott Bonvoy Bold® Credit Card. Within the last 24 months, you've received a new cardmember bonus from the Marriott Bonvoy Bountiful™ Card, Marriott Bonvoy Boundless® Credit Card, or Marriott Bonvoy Bold® Credit Card.

☆ Marriott has unveiled the new Bonvoy Bevy and Bountiful credit cards, and the Bonvoy Brilliant just got an extensive makeover
▼ + stars: | 2022-09-22 | by ( Joseph Hostetler | Credit Cards Reporter | Read More | ) www.businessinsider.com time to read: +46 min

Amex; InsiderThere are two new Marriott credit cards: The Marriott Bonvoy Bevy™ American Express® Card and Chase Marriott Bonvoy Bountiful™ Card. There are also new offers on the Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bold® Credit Card, and Marriott Bonvoy Business® American Express® Card to round out a big day for Marriott. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. The Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Bold® Credit Card, and Marriott Bonvoy Business® American Express® Card also have similar restrictions. Bottom lineAmex and Chase have each debuted a new Marriott credit card — the Marriott Bonvoy Bevy™ American Express® Card and Marriott Bonvoy Bountiful™ Card.

☆ New York’s Landmark AI Bias Law Prompts Uncertainty
▼ + stars: | 2022-09-21 | by ( Richard Vanderford | ) www.wsj.com time to read: +7 min

“If you are an organization that’s using some type of these tools…it can be pretty confusing.”The city law will potentially impact a large number of employers. New York City in 2021 had just under 200,000 businesses, according to the New York State Department of Labor. AI technology can help businesses hire and onboard candidates more quickly amid a “war for talent,” said Emily Dickens, SHRM’s head of government affairs. Which is scary,” Ms. Zuloaga said, adding that she supports the scrutiny AI systems have started to receive. Some critics have argued the New York law doesn’t go far enough.

☆ FAA denies Republic Airways bid to reduce co-pilot training hours
▼ + stars: | 2022-09-19 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Lucy NicholsonRegister now for FREE unlimited access to Reuters.com RegisterWASHINGTON, Sept 19 (Reuters) - The U.S. Federal Aviation Administration (FAA) said on Monday it had denied a request by Republic Airways to allow the regional airline to reduce the number of hours needed to become a co-pilot. The FAA said it disagreed with the airline's argument for allowing only 750 hours of flight experience instead of 1,500 hours. Several unions had opposed Republic's request, with some arguing that a reduction in flight hours and relaxation of standards "would jeopardize safety and result in inexperienced pilots," the FAA said. The regulations to boost flight hours for co-pilots stemmed in part from the February 2009 crash of Colgan Air Flight 347 in upstate New York that killed 50 people. [nL1N2Z61D4[Register now for FREE unlimited access to Reuters.com RegisterReporting by David Shepardson; editing by Jonathan Oatis and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Kanye West’s breakup with Gap Inc. reflects a broader trend of celebrities seeking more control over the brands they create or back. But in this instance, Mr. Shabelman said the friction between Mr. West and Gap fits into a larger development in the world of celebrity marketing. Mr. West “doesn’t need those corporations,” said Anjali S. Bal, an associate professor of marketing at Babson College. Mr. West formally notified Gap on Thursday that his Yeezy LLC fashion brand was terminating his partnership with the apparel chain. More recently, tennis champion Naomi Osaka last year began a media company called Hana Kuma in partnership with SpringHill Co., an entertainment firm co-founded by LeBron James.

☆ Buy now, pay later offers could save you more money than a credit card. Here are 3 things you should know before using one, according to a government watchdog.
▼ + stars: | 2022-09-16 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

An investigation by the CFPB found that "buy now, pay later" programs can save consumers more money than credit cards. The CFPB says that BNPL products need to offer the same protections that major credit cards do. A common regulation for credit cards includes fraud protection, for instance, available for major credit card users and secured by federal law. Overall, however, BNPL "imposes significantly lower direct financial costs on consumers than legacy credit products," the report said. The CFPB report said that BNPL loans in the US increased by 970% between 2019 and 2021.

☆ U.S. consumer watchdog plans to regulate ‘buy-now, pay-later’ companies
▼ + stars: | 2022-09-15 | by ( ) www.nbcnews.com time to read: +4 min

The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings due to worries their fast-growing financing products are harming consumers, the agency said on Thursday. The watchdog, which does not currently oversee BNPL companies or products, will issue guidance or a rule to align sector standards with those of credit card companies, it said. The agency also pointed to customer data collection as a consumer risk, and said it would start identifying data surveillance practices BNPL companies should avoid. BNPL companies are likely to fight that assertion, however. Share prices of public “buy-now, pay-later” companies have been under pressure this year, with Affirm down more than 75% and Zip down 79%.

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