Money

US airline stocks rose Monday after a number of carriers reported strong demand for seats from leisure travelers. Speaking at an investor conference held Monday by JPMorgan, executives from American Airlines, United, Delta and JetBlue all reported strong bookings going into the traditional spring-break period, and several said they’re also selling a growing number of

Volkswagen has unveiled a massive expansion of battery production as it seeks to gain an edge in the electric car race. The German carmaker said Monday that it plans to build six “gigafactories” in Europe by 2030 with a total production capacity of 240 gigawatt hours per year. That’s enough to power almost 4 million

Big banks face competition from startup challengers on fees, apps and direct deposits. During the Covid era, that battle is expanding to which company can pay out stimulus checks the fastest. Big-bank customers complained over the weekend about how their $1,400 stimulus payments were still pending in their bank accounts. Those payments may not arrive

America’s Black women hold more than 90% less wealth than American White men, Goldman Sachs revealed in a new report Tuesday. In response, Goldman announced on Wednesday it will invest $10 billion into areas that will impact the lives of one million Black women by 2030. Goldman will partner with Black women-led organizations and institutions

Recent stock market volatility is once again showcasing the virtues of a balanced portfolio. Some experts have been warning for a while that the spectacular run for top tech stocks — one that has lifted the Nasdaq and S&P 500 over the past few years — would have to end eventually. And now, the investors

“Tucker Carlson is the new Donald Trump,” CNN’s Chief Media Correspondent Brian Stelter said on “Reliable Sources” Sunday. Carlson is practically the face of Fox News, as he hosts the top show on the network. With Republicans out of power in the White House and Congress, Stelter argues that Carlson has filled the void Trump

More than a decade on from its release, “Avatar” is once again the highest-grossing film of all time — after reclaiming the coveted title from Marvel’s “Avengers: Endgame”. James Cameron’s 2009 science fiction blockbuster, starring Zoe Zaldana, Sam Worthington and Sigourney Weaver, managed the impressive feat over the weekend after it was re-released in China.

Former Starbucks executive Rosalind “Roz” Brewer assumed her new role as CEO of Walgreens on Monday, officially making her the only Black woman currently serving as the head of a Fortune 500 company and just the third in history to achieve the career milestone. Former Xerox chief executive Ursula Burns became the first in 2007

Extended Stay America, a bright spot for the beleaguered hotel industry, has been taken private in a $6 billion deal. Blackstone and Starwood Capital announced Monday that the two companies will equally split the all-cash transaction and take 26-year-old company private. Extended Stay America has about 650 hotels across the United States, focusing on travelers

Some Americans are seeing their stimulus checks pending in their bank accounts, and they’re complaining about banks holding their stimulus direct deposits. If you’re included in that group, don’t worry: Banks aren’t sitting on stimulus payments. It just takes a couple days for the checks to process. “Some people will see the money in their

Stimulus checks from President Joe Biden’s huge relief package, enacted last week, are just making their way out the door. But Wall Street is already looking ahead to his administration’s next priority: infrastructure. “The $1.9 trillion stimulus has been adopted without much ado and the Biden administration has now set its sight on a big

The various Covid-19 vaccines currently being distributed around the globe have the potential to end the worst pandemic in a century. They also will mean hundreds of billions dollars in sales for the pharmaceutical companies that make them. Despite being priced at less than $20 per dose, Pfizer expects sales of the vaccine it developed

Elon Musk is not your typical CEO. Now he has a new title to prove it. In a filing with his least favorite regulator, the Securities and Exchange Commission, on Monday, Tesla disclosed that Musk is adding the title of “Technoking of Tesla.” It also said that Chief Financial Officer Zach Kirkhorn had taken on

Oprah Winfrey’s bombshell interview with Prince Harry and Meghan, Duchess of Sussex, attracted a blockbuster audience when it was broadcast in the United Kingdom on Monday. The 110-minute interview on ITV attracted an average of 11.1 million viewers between 9 p.m. and 11 p.m., according to the broadcaster. Viewership peaked at more than 12.4 million

Prominent journalists in the United Kingdom have dismissed claims by one of their own industry bodies that the British press does not have a problem with racism. The objections, including a rebuke from the Guardian newspaper, come after the Society of Editors rejected allegations made by Prince Harry that racism had played a role in

Tesla has expanded its “full self-driving” software to roughly 2,000 Tesla owners, but some drivers were revoked access for not paying close enough attention to the road, according to Tesla CEO Elon Musk. “FSD Beta has now been expanded … we’ve also revoked beta where drivers did not pay sufficient attention to the road, Musk