Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve

A Delta Airlines Boeing 757-251 approaches Washington Ronald Reagan National Airport (DCA) in Arlington, Virginia on February 24, 2021. Daniel Slim | AFP | Getty Images Delta Air Lines on Thursday reported another quarterly loss but said it expects to reach break even in June as travel demand rebounds from a deep pandemic slump. Here’s … Read more

Wall Street execs, employees spent $2.9 billion on campaigns, lobbying during 2020 election, study shows

Wall Street executives, their employees and trade associations invested at least $2.9 billion into political initiatives during the 2020 election cycle, according to a new research report. The study, first shared with CNBC and authored by Americans for Financial Reform, paints a historic effort by those within banks and various other financial services firms to … Read more

Biden seeks closer ties with Japan as the U.S. prepares to challenge China

U.S. and Japanese national flags displayed outside the Palace Hotel Tokyo on May 25, 2019 ahead of former U.S President Donald Trump’s state visit. Tomohiro Ohsumi | Getty Images U.S. President Joe Biden will meet with Japanese Prime Minister Yoshihide Suga on Friday — and political analysts say China’s growing influence will likely be high … Read more

FBI opens a new investigation into China ‘every 10 hours,’ bureau director says

In his testimony, FBI Director Christopher Wray said that no other country represented more of a threat to the US’ economic security and democratic ideals than China, adding that its ability to influence American institutions was “deep and wide and persistent.” US Director for National Intelligence Avril Haines and CIA Director William Burns spoke alongside … Read more

Here’s what the market debut of Coinbase means for everyday investors

The Coinbase cryptocurrency exchange app pictured on the screen of an iPhone on February 12, 2018. Chesnot | Getty Images Coinbase is set to go public on Wednesday on the Nasdaq exchange, and you probably have at least one friend pointing to the news as a sign that cryptocurrencies are here to stay. Many people … Read more

Senators push for reopening of international travel, lift of CDC’s sailing ban for cruise lines

People wait for their baggage in the terminal at Boston Logan International Airport in Boston. Erin Clark | Boston Globe | Getty Images A new Senate subcomittee on travel and tourism held its first hearing on Tuesday, and called for the U.S. government to enact specific steps to kickstart U.S. tourism after a devastating 2020. … Read more

Biden dispatches unofficial delegation to Taiwan

That unofficial delegation is comprised of former Sen. Chris Dodd and former senior State Department officials Richard Armitage and James Steinberg. Their travel comes as China has carried out a number of aggressive shows of force toward the island. “The selection of these three individuals — senior statesmen who are longtime friends of Taiwan and … Read more

GOP donors, leaders discussed plans to take on Big Tech, corporations during retreat at Trump’s Mar-a-Lago

Former U.S. President Donald Trump’s Mar-a-Lago resort is seen in Palm Beach, Florida, February 8, 2021. Marco Bello | Reuters Many top Republican donors, lawmakers and strategists huddled privately over the weekend at Mar-a-Lago, the Florida resort owned by former President Donald Trump, to discuss ways the party can take on corporate America and Big … Read more

Gas tax is not being considered in Biden’s infrastructure plan, White House says

White House Press Secretary Jen Psaki delivers remarks during a press briefing at the White House in Washington, February 8, 2021. Carlos Barria | Reuters The Biden administration is not considering a hike to the federal gasoline tax as a way to help pay for its landmark infrastructure proposal, according to the White House’s top … Read more

Retailers look to innovate and tempt customers back to physical stores

A shopper browsing through secondhand clothes at a pop-up swap event in Singapore. CATHERINE LAI | AFP | Getty Images LONDON — The future of physical stores has been called into question by the coronavirus pandemic, but experts believe the key to survival will be reinvention. For some time now, retailers have tried to attract … Read more