The US bets billions of dollars on better COVID-19 boosters as it prepares for a spike in COVID-19 cases next winter

The US bets billions of dollars on better COVID-19 boosters as it prepares for a spike in COVID-19 cases next winter

The US is gearing up for another wave of COVID-19 infections in the fall and winter following a flurry of activity this week that included putting billions of dollars toward more COVID-19 vaccines and treatments and setting up new rules for how to update the shots . Here’s what happened this week: The Food and … Read more

‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports on July 1. Will this help your credit score?

'It could be the difference between an approval and denial': Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports on July 1. Will this help your credit score?

Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve people’s financial wellbeing. In a time of rising interest rates and increased costs with the pandemic’s scariest days hopefully done, for some it can’t come a moment too soon. Equifax, Experian and TransUnion are dropping the … Read more

Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test

Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test

The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress test of capital reserves. The Fed estimated $612 billion in potential losses for banks in its most severe economic scenario, and … Read more

JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

JetBlue Airways Corp. JBLU 5.30% is continuing its quest to buy Spirit Airlines Inc., SAVE 2.11% increasing its offer and strengthening its commitment to divest itself of assets to get regulatory approval for the deal. JetBlue JBLU 5.30% on Monday increased its offer to $33.50 in cash per Spirit share. Previously, it had offered $31.50 … Read more

A Crypto Bankruptcy Could Be Investors’ Nightmare

A Crypto Bankruptcy Could Be Investors' Nightmare

The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be navigating uncharted territory. “What can safely be predicted is that there will be litigation, and there will be delay,” said Adam Levitin, a law professor at Georgetown … Read more