Share to Twitter Share to Linkedin United Airlines CEO Oscar Munoz and President Scott Kirby thanked their 90,000 workers Friday afternoon for pressing lawmakers to pass a $2 trillion stimulus package with $58 billion in funding for beleaguered U.S. airlines , half of it grant aid to cover their payrolls and prevent layoffs through Sept. 30. That’s not long enough to get the industry out of the woods, the United executives warned. They expect the downturn in travel from the coronavirus pandemic to last well beyond that date, and require painful cuts. “If the recovery is as slow as we fear, it means our airline and our workforce will have to be smaller than it is today,” they said in a letter to staff that was publicly released. United has reduced its April schedule by more than 60%, Munoz and Kirby wrote, and even with that, load factors will likely fall into the teens or single digits. Deeper cuts are planned for May and June. “Based on how … [Read more...] about United Airlines To Workers: Expect Layoffs After Bailout Restrictions End
Heidi murkoff what to expect the first year
2022 Year In Review: Crypto Policy Experiences Massive Turbulence In Congress Amid TerraUSD And FTX Failures
Share to Twitter Share to Linkedin What Happened In 2022 Even before a months-long winter engulfed the digital-assets market, 2022 was shaping up as the year that Washington began to get serious about regulating the cryptocurrency business. That resolve was bolstered throughout the year by a series of calamities that included a massive stablecoin failure of terraUSD and the associated luna, with contagion effects that impacted BlockFi, Celsius Network and Voyager Digital exchange that called into question the ability of crypto exchanges to be digital asset custodians that would protect investors’ assets. Essentially, the crypto industry managed to recreate the same risks of the traditional banking system, in which the institutions that were responsible for holding customer’s assets were simultaneously lending funds, leading to leverage, liquidity and capital conflicts. Before the year could end, the third-largest exchange, FTX – previously seen as a … [Read more...] about 2022 Year In Review: Crypto Policy Experiences Massive Turbulence In Congress Amid TerraUSD And FTX Failures
What To Expect From The Serie A January Transfer Market Window As Teams Work With Limited Budgets
Share to Twitter Share to Linkedin The Serie A January transfer market window will suffer significantly from the financial wounds inflicted by the coronavirus pandemic. This winter, Serie A fans will not experience the same calciomercato liveliness that, in recent years, has brought high-profile names to Italian soccer, such as Cristiano Ronaldo , Zlatan Ibrahimović , Romelu Lukaku, and Christian Eriksen. That is the argument supported by Eleonora Trotta, who has been covering Serie A’s transfer market news for more than a decade as an editor for Italian online newspaper Calciomercato.it . Trotta explains that a lack of funds is forcing sporting directors across all Serie A clubs to take a very prudent approach to transfer negotiations. “The main trend is that the budget (for clubs) does not exist,” Trotta told me. “It’s basically zero.” A Risk-Averse Approach Because clubs cannot afford investing in risky transfer deals, … [Read more...] about What To Expect From The Serie A January Transfer Market Window As Teams Work With Limited Budgets
OnePlus 11 official design leaked online, January 2023 launch tipped
The launch of the next OnePlus flagship smartphone is just around the corner. The OnePlus 11 is expected to launch sometime early next year in January 2023. According to previous leaks, the vanilla OnePlus 11 will debut in China, India, and other markets early next year, while other models will follow soon after. Now, new images of the OnePlus 11 have surfaced courtesy of OnLeaks and GadgetGang revealing its design. The image shows the OnePlus 11 in two new colours – a black model and a greyish-green variant. They will likely be called Volcanic Black and Forest Emerald. The leaked renders also reveal the addition of the power button and alert slider on the right and volume rocker on the left. The OnePlus 11 also appears to have the same design language as the OnePlus 10 Pro ( Review ) with the camera island blending into the frame. However, the OnePlus 11 will feature a circular camera island as opposed to the box shape on the OnePlus 10 Pro 5G. Additionally, the … [Read more...] about OnePlus 11 official design leaked online, January 2023 launch tipped
Economic Survey 2023: Total assets under FPIs grow despite huge outflows
Moneycontrol looks into major sectors that are poised to generate employment as per the Economic Survey 2023. Total assets under custody of Foreign Portfolio Investors (FPIs) increased by 3.4 percent owing to the strong macroeconomic fundamentals of the Indian economy and improvement in market risk appetite from time to time, according to the Economic Survey 2022-23 released by the Finance Ministry on January 31. Despite the uncertain macro environment considering the inflation and geopolitical concerns, the total assets under custody of FPIs increased to Rs 54.0 lakh crore at the end of November 2022 as compared to Rs 52.2 lakh crore at the end of November 2021. Ironically, this increase comes at a time when Indian equities are witnessing huge FPI outflows. Also Read | Economic Survey 2023 shines light on growing demat accounts tally, flags declining additions During FY23, if we look at the overall net investments by FPIs, the market saw an FPI outflow of Rs … [Read more...] about Economic Survey 2023: Total assets under FPIs grow despite huge outflows
Lies, Damn Lies, Payroll Data
Share to Twitter Share to Linkedin The big spike in the Payroll data (+517K) was out of kilter with what has been occurring in the rest of the economy and in other labor market data. Financial markets always shoot first and ask questions later, so, on Friday, equity markets fell and bond yields rose on the fear that the Fed would now have a great excuse to raise interest rates even further than what was already priced in. The far-right hand sides of the above charts show the violent up spikes in the yields of the 10-Yr. and 2-Yr. T-Notes on Friday (February 3). As reported by various reliable sources with deep research capabilities, most or all of the +517K job gains wasn’t due to new job creation, but to benchmark revisions, seasonal adjustments, and population controls , all keywords for what we can only describe as statistical magic . Morgan Stanley MS concluded that without the population adjustments, the Household Survey (which was up an even … [Read more...] about Lies, Damn Lies, Payroll Data
Xiaomi 13 Pro India launch tipped to take place soon after BIS spotting
Xiaomi is gearing up to launch its flagship smartphone series in China soon. The Xiaomi 13 series is expected to drop in China in the first half of December after the initial December 1 launch date was postponed. The Xiaomi 13 series line-up is expected to include two smartphones – Xiaomi 13 and Xiaomi 13 Pro. Additionally, the Xiaomi 13 Ultra is expected to debut sometime early next year. However, in more recent news, the Xiaomi 13 Pro was spotted on the Bureau of Indian Standards (BIS) website. The Xiaomi 13 Pro spotted on India’s BIS website by tipster Mukul Sharma reveals that the global variant will have the model number 2210132G. Xiaomi is set to confirm the launch of its flagship ’13 series’ outside China, although it is only a matter of time until the phones make their international debut. Xiaomi 13 Pro receives the SIRIM certification in Malaysia and the Indian BIS certification. Launch imminent. #Xiaomi #Xiaomi13Pro #Xiaomi13Series … [Read more...] about Xiaomi 13 Pro India launch tipped to take place soon after BIS spotting
Apple Ended 2022 Without A New Mac.
Share to Twitter Share to Linkedin Updated Jan 5th: article originally posted Jan 2nd. You might have missed a stunning moment in Apple’s history. For the first time in the 21st century, Apple did not release a new Mac in the holiday quarter. What happens now? Update: Tuesday January 3rd. One of the biggest missing machines is the Mac Pro. Not only is the Mac Pro missing from the portfolio, the ultimate Mac Pro may never appear. Just as the Intel-powered Mac Pro had a multitude of options in terms of chip specification, so the Mac Pro is expected to offer a number of Apple Silicon options. Much like the 14-inch and 16-inch MacBook Pro models that sport both the M1 Pro and M1 Max as user configurations, Mac Pro choices could include the presumptively named M2 Pro and M2 Max chips, and an M2 Ultra building on the M1 Ultra found in the Mac Studio. There has also been talk of an M2 Extreme chipset that would lie at the heart of the Mac … [Read more...] about Apple Ended 2022 Without A New Mac.
‘Avatar’ Sequel Won’t Sink ‘Titanic’ As 3rd Highest Grossing Film
Share to Twitter Share to Linkedin The battle for the bronze on all-time box office charts heats up this weekend, as Avatar: The Way of Water has one last chance to surge ahead of Titanic before that film sets sail again on a 25th anniversary voyage in one week. But unless it overperforms and defies the odds yet again, James Cameron’s blockbuster Avatar sequel won’t sink Titanic as the third-highest grossing film in cinema history. At least, not without a re-release of its own. As of Friday morning, Avatar: The Way of Water needed about $64 million to top Titanic . This weekend, I expect The Way of Water t0 sail toward $8-10 million stateside and around $30+/- million internationally, so conservatively call it $35-40 million, cutting the distance between Avatar 2 and Titanic to somewhere between $20-30 million. But if The Way of Water exceeds my estimates this weekend (and it’s been defying predictions all along), then the Avatar … [Read more...] about ‘Avatar’ Sequel Won’t Sink ‘Titanic’ As 3rd Highest Grossing Film
New iPhone 15 Renders Show Surprising Shape Change
Share to Twitter Share to Linkedin Early iPhone 15 leaks claim Apple is planning to redesign its iconic smartphone range . And now we just got our first look at how the new ‘iPhone 15 Ultra’ flagship is expected to look. Extraordinarily detailed renders by Saad Ismail (for AppleInsider ) illustrate how reports of curved edges , dual front cameras and the transition to USB-C should look. And the result is an iPhone that is unmistakably modern yet undeniably retro. What really stands out here is the curved chassis, which has echoes of the 2013 iPhone 5C . While this design is unloved due to its cheap plastic back, it was arguably the most ergonomic iPhone Apple made since the iPhone 3GS . Furthermore, in terms of build quality, the iPhone 15 Ultra could hardly be further from the iPhone 5C, with Apple tipped to introduce a titanium chassis. Titanium costs $35-50 per kilogram , making it approximately 30x more expensive than stainless … [Read more...] about New iPhone 15 Renders Show Surprising Shape Change