Author: Press Room

American Airlines is getting rid of its traditional frequent flyer award chart as the carrier moves toward dynamic pricing for mileage redemptions, the latest shift in its lucrative AAdvantage loyalty program.Starting late Wednesday, the carrier will publish starting levels for how many frequent flyer miles are likely required to redeem for a ticket in certain regions — for example, 7,500 for a one-way ticket within the contiguous 48 U.S. states and Canada. Previously, the chart showed redemption levels that were static.American in December said it would get rid of different redemption categories, MileSAAver and AAnytime awards, which have set minimum…

As the economy slows, are employers starting to regain the upper hand in negotiations with employees and job seekers? Pay is always an issue, of course, but in the wake of the pandemic, so too is how much time employers want people to work on site versus how much they are willing to let employees work remotely. Recent data from the Bureau of Labor Statistics found that only 27.5% of private-sector businesses reported that their employees worked from home or another remote location some or all of the time between August 1, 2022 and September 30, 2022. In other words,…

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The most well-known cryptocurrencies, Bitcoin and Ethereum, are ending the week on a bearish note, with both coins continuing to lose value. Bitcoin recently fell below $28,000, while Ethereum has fallen to $1,800. Although Bitcoin reached $28,500 earlier this week, the rally was short-lived, as the price quickly fell. Similarly, Ethereum failed to reach $1,800 on Sunday morning, causing investors to be concerned.However, the reason for the latest decline can be traced back to the news that Binance, a leading crypto exchange, is facing crypto regulations in the US and Dubai. The Virtual Assets Regulatory Authority (VARA) in Dubai has told Binance,…

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A firm owned by one of Canada’s richest clans has invested $622 million in wealth firm Rockefeller. The Desmarais and Rockefeller clans have close ties and both are known in politics and philanthropy. Both heirs are increasing their stakes in the wealth manager, pushing its valuation to $3 billion. Two of North America’s richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management.The Desmarais family, one of Canada’s richest families, began negotiations in earnest in November with the five-year-old firm, which was born from the family office of the Rockefeller heirs. But the family has known…

Jawed Karim posted the first-ever YouTube video called “Me at the zoo” 18 years ago.  The YouTube cofounder uploaded the grainy video a month before YouTube’s beta launch in May 2005.  Since leaving the company in 2005, Karim has become a vocal critic of new changes to the platform.    Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Eighteen years ago, a guy named Jawed Karim posted the first-ever video to YouTube. The 18-second video, entitled “Me at the zoo,” features Karim, a YouTube cofounder,…

Dear readers/followers, Ericsson (NASDAQ:ERIC) is one of those companies I get a lot of requests about, but I choose to write relatively few articles on the company. My last one was over half a year ago, and despite being bullish at the time, I made it clear that I do not own significant amounts of Ericsson directly, and would not consider doing so at the time. The upside for Ericsson is there – because the company is a worldwide giant with a portfolio of assets and patents that give it a significant upside – but we also have to consider…

Civil unrest has caused more than $10bn of insurance and reinsurance losses across the globe since 2015 compared with less than $1bn from terrorist attacks, spooking underwriters and fuelling a surge in the cost of cover.The figures are included in a report from insurance broker Howden that explores how “rising discontent”, driven by the increasing cost of living and other social pressures and stoked by social media, has driven up the frequency and size of claims on strikes, riots and civil commotion insurance. This typically covers property owners against damage in such episodes. “We have gone from a relatively loss-free…

Vice President Kamala Harris traveled to Nashville on Friday where she delivered an impassioned speech advocating for gun control and met with a pair of state lawmakers who were expelled from the General Assembly after protesting on the state House floor. “Let’s not fall for the false choice, which suggests that you’re either in favor of the Second Amendment or you want reasonable gun safety laws, we can and should do both,” Harris said in her remarks at the Fisk University chapel. “The underlying issue is one that we are witnessing, over and over again, this community experienced it firsthand…