Thursday, December 3, 2020

American Airlines starts Boeing 737 Max flights to boost confidence in jets after fatal crashes

American Airlines is flying its employees, including top executives and reporters on its Boeing 737 Max planes this week in hopes of boosting confidence in the jetliners that were grounded for 20 months following two crashes that killed 346 people. On Wednesday, the airline plans...

Fintech firm Revolut names former Citigroup executive Rebecca Macieira-Kaufmann to its US board

Fintech firm Revolut names former Citigroup executive Rebecca Macieira-Kaufmann to its US board
Rebecca Macieira-Kaufmann Source: European fintech giant Revolut has hired former Citigroup executive Rebecca Macieira-Kaufmann to its U.S. board as it seeks to expand in the world's biggest economy. Macieira-Kaufmann spent 12 years at Citigroup, most recently as head of Citigroup's International Personal Bank in the U.S., the...

ADP reports hiring slowdown in November ahead of government payrolls report

ADP reports hiring slowdown in November ahead of government payrolls report
Private payrolls grew at their slowest pace since July amid a deceleration in large business hiring for November, ADP's monthly payrolls report said Wednesday. Companies hired 307,000 workers last month, well below the 475,000 estimate from a Dow Jones survey of economists. The total represented a...

Are your passwords, personal details available on the dark web? With SAFE Me, Lucideus wants to redefine digital security

Cybersecurity and Digital Business Risk Quantification (CRQ) major, Lucideus, marked its foray into the consumer space with the launch of SAFE Me, a mobile application meant to secure and protect one's digital life. The zero-permission and free of cost mobile application leverages Lucideus’ proprietary breach...

Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high

Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high
A house for sale in Sarasota, Florida Scott Mlyn | CNBC  Thanksgiving week isn't usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in the pandemic-spiked housing market.  Mortgage applications to purchase a home jumped 9% last week from the previous...

China continuing to outpace the U.S. economy, CFO survey reveals

China continuing to outpace the U.S. economy, CFO survey reveals
China's economic outlook is improving faster than in other regions around the world, including the U.S. according to the latest CNBC Global CFO Council survey for the fourth quarter 2020. Emmanuel Wong | Getty Images For the second straight quarter, the world's leading chief financial officers...

Factory floors keep global economy chugging along amid virus hit

The world’s factories are powering along, providing vital support for economies as renewed virus restrictions in some countries take a toll on growth. Indexes of manufacturing activity in the U.S., China and parts of Asia improved in November, and Germany saw solid expansion, according to...

American, United pause nonstop flights to Shanghai amid concerns over restrictions facing overseas crews

American Airlines Boeing 787-9 Dreamliner takes off from Los Angeles international Airport on November 11, 2020 in Los Angeles, California. AaronP | Bauer-Griffin | GC Images | Getty Images American Airlines and United Airlines are pausing plans to operate nonstop flights to Shanghai from the U.S....

Stock futures fall slightly after strong start to December

Stock futures fall slightly after strong start to December
U.S. stock futures fell slightly in overnight trading on Tuesday, building on recent strength that has brought the major averages to record highs. Dow futures fell 81 points. S&P 500 futures fell 0.04% and Nasdaq 100 futures lost 0.01%. Dow component Salesforce announced it is acquiring...