United warns it could furlough more pilots, extends voluntary leave deadlines


A pilot walks by United Airlines planes as they sit parked at gates at San Francisco International Airport on April 12, 2020 in San Francisco, California.

Justin Sullivan | Getty Images

United Airlines on Thursday warned it may need to furlough more pilots than previously expected as a significant rebound in travel demand remains distant.

The terms of a federal bailout that provided $25 billion to passenger airlines and $7 billion to cargo airlines and contractors prohibits them from cutting jobs or pay rates until Oct. 1. But carriers are now warning their workers about potential cuts this fall, urging

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Global stocks gain on hopes pandemic is reaching peak


LONDON (Reuters) – Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 8, 2020. REUTERS/Staff/File Photo

European stock markets gained for a fourth straight day, with investor attention also focused on a meeting of European Union finance ministers to discuss an economic rescue package.

The pan-European STOXX 600 index was up 1.7%,

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Amazon silent unbundling attack of the financial services market


If you mentioned that Amazon was trying to take a foothold in the financial services and payments market, not many would be surprised. But what if you explained how deep that move had gone

From payments to lending to insurance to checking accounts, Amazon is attacking financial services from every angle without applying to be a conventional bank. In a great report, CB Insights breaks down what Amazon is doing to support merchants and consumers, from cashierless payment terminals to health insurance for sellers in India.

In 2017, Andreessen Horowitz general partner Alex Rampell said that of all the tech

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CDC’s coronavirus report includes data that could artificially inflate testing


A general view of the Centers for Disease Control and Prevention Edward R. Roybal campus in Atlanta, Georgia on April 23, 2020.

Tami Chappell | AFP | Getty Images

The Centers for Disease Control and Prevention’s latest coronavirus dashboard combines data on two different kinds of tests that experts say could be inflating key statistics that epidemiologists use to monitor the outbreak.

The agency’s recently released Covid-19 Data Tracker‘s dashboard on testing combines results for both diagnostic tests, which identify current infections, and serological tests, which detect whether someone has previously been infected. Epidemiologists caution that the tests are

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