Ariel Zilber

Mortgage rates rise to highest levels since start of pandemic

People signing papers for a new home loan will pay the highest interest rates since the start of the pandemic, according to new data released by the feds. Mortgage rates for the typical 30-year loan have climbed to their steepest levels since early 2020 as the housing market looks to expected Federal Reserve rate hikes. […]Read More

American Airlines lost nearly $1 billion last quarter due to

American Airlines lost $931 million in the fourth quarter of 2021 as the rapid spread of the Omicron variant delayed the industry’s recovery from the pandemic. The country’s largest carrier reported revenue of $9.43 billion in the fourth quarter — which was down from $11.3 billion in the same quarter of 2019. The airline expects […]Read More

Starbucks nixes employee-vaccine mandate after Supreme Court ruling

Starbucks will not require its US-based employees to be vaccinated against COVID-19, just days after the Supreme Court struck down the Biden administration’s vaccine mandate for companies with more than 100 workers. The Seattle-based coffee chain, which employs some 228,000 workers in 8,000 stores in the US, had imposed a vaccine mandate in line with […]Read More

Embattled Activision-Blizzard CEO to get $390M payout in Microsoft deal

Activision-Blizzard CEO Bobby Kotick will walk away with a $390 million check as a result of Microsoft’s acquisition of his gaming company — just two months after employees demanded his firing over the firm’s alleged culture of sexual misconduct. Kotick, 58, who is expected to leave Activision-Blizzard after the deal is completed sometime next year, […]Read More

Omicron forces CVS, Walgreens to temporarily shutter stores

Two of the country’s largest retail pharmacies are temporarily closing stores on weekends due to an increase in the number of COVID-19 infections among staffers. The two chains said that the rapid spread of the Omicron variant has depleted staffing at several locations nationwide, affecting customer service and delaying key services like medication prescriptions and […]Read More

Facebook and Google accused of ‘secret deal’ to carve up

Facebook boss Mark Zuckerberg and his counterpart at Google, CEO Sundar Pichai, secretly struck a deal in 2018 to carve up the digital advertising market between the two tech giants, according to newly revealed allegations from top state law-enforcement officials. Previously, it was reported that the deal was signed by Zuckerberg’s No. 2, Facebook COO […]Read More