Monthly Archives: June 2020

Bank review, current USBR score and consumer report

Warning: Russian hackers may be trying to target you with ransomware. Here’s how

Russian hackers are trying to take advantage of the millions of employees working from home because of shelter-in-place orders. Security firm Symantec said this week that it had discovered and then notified businesses that the Russian hacking group Evil Corp has been targeting remote employees with so-called ransomware attacks. In a typical ransomware attack, criminals send victims an email—often created to look like…

How to get promoted while working remotely

Welcome to The Broadside, a careers newsletter. Here’s what to expect in this issue. Broadside writer Kristine Gill offers advice from career experts on how you can stay on track for that raise or promotion, even if you’re working remotely amid COVID. Then, scroll on for job opportunities from Amazon, HBO Max, Wellpath, and more. Millions of Americans forced to…

How low will GDP go? Atlanta Fed projections for Q2 dip below -40%

That’s a big number. While plenty of economists are busy debating the shape of an eventual economic recovery, there’s still the small matter of the second quarter to get through first. And while everyone agrees U.S. GDP is in for a historic drop, there’s still a wide variety of opinions about just how big that drop will be. One widely…

The enduring whiteness of the Fed

Fortune takes on the racial wealth gap, the Fed has a white man problem, Disney finally retires Uncle Remus, and Ursula Burns knows you know the answer to your own damn question. But first, here is your racist-erasing week in review, in Haiku. Pity the sweet cup,once a health care hero. Willit go the way of The Chicks? Good-bye toracism there…

Could COVID-19 become a preexisting condition if the Supreme Court scuttles Obamacare?

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Late Thursday, the Trump administration doubled down on its stance that the Affordable Care Act (ACA), or Obamacare, should be struck down in its entirety by the Supreme Court. And should SCOTUS heed the logic, it could have significant…

With ‘Tenet’ delayed a second time, the summer box office window narrows even further

With reported cases of the coronavirus surging, Warner Bros. on Thursday postponed the release of Christopher Nolan’s “Tenet,” further delaying Hollywood’s summer kickoff. The sci-fi thriller starring John David Washington and Robert Pattinson will move from July 31 to Aug. 12, a Wednesday. In a statement, the studio stressed the need for flexibility. “We are choosing to open the movie…

American Airlines will ditch restrictions on booking flights to full capacity from July 1

American Airlines Group Inc. said it would sell flights to capacity starting July 1, abandoning caps on passenger loads that were designed to promote social distancing amid the coronavirus pandemic. Customers will still be notified when they’re booked on crowded flights and can move their reservations at no cost, the airline said in a statement Friday. In addition, as of…

Chamath Palihapitiya wants to be the Warren Buffett of tech investing

Social Capital CEO Chamath Palihapitiya has high ambitions.  He wants to be the tech generation’s Warren Buffett.  The former Facebook executive is no stranger to turmoil. In recent years, his venture capital fund, Social Capital, closed to new funding amid an internal shakeup that led to the exit of several major investing partners—but despite the turnover, Palihapitiya has lofty goals.…

Gap shares soar on news of a Kanye West ‘Yeezy’ clothing line partnership

Can Kanye save the day? Shares of struggling retailer Gap Inc. soared nearly 40% in early trading after the retailer announced Friday it’s partnering up with Kanye West to design a new ‘Yeezy’ clothing line expected to debut in 2021. The new line of apparel for men, women, and kids will be called Yeezy Gap, with products sold online and…

Amazon is buying self-driving vehicle startup Zoox

Amazon.com Inc. is buying autonomous vehicle startup Zoox Inc., a move that could potentially help the e-commerce giant slash delivery costs and create a formidable opponent to ride-hailing and food-delivery companies. Terms of the deal were not announced in a statement Friday. Aicha Evans, Zoox’s chief executive officer, and Jesse Levinson, co-founder and chief technology officer, will continue to lead…

11 Things You Should Know Before You Get Your First Credit Card

A credit card may seem like just another tool to help you make purchases, but it can be much more. When used responsibly, a credit card can help you build

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

How Is Credit Card Interest Calculated?

So your bank tells you that your credit card has a 15% APR. What does that actually mean? How does your bank calculate your interest rate, and how does that translate into how much you actually pay? …

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

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