[ad_1] The computer system failure that grounded thousands of British Airways flights over the weekend could cost the airline more than $100 million. British Airways canceled all Saturday flights from London’s two biggest airports following the tech meltdown. The outage was caused by a power surge that affected messaging across …
Read More »Having a good 2017? This tycoon is $10B richer…
[ad_1] One Chinese billionaire is making a killing this year from the country’s red hot property market. The net worth of Hui Ka Yan, chairman of real estate developer China Evergrande, has jumped roughly $10 billion since the start of the year to around $21.3 billion, according to a CNNMoney …
Read More »Betsy DeVos's loan overhaul would hurt doctors and lawy…
[ad_1] Pediatricians. Doctors at veterans hospitals. Public defenders. Legal aid lawyers. They earn less than their colleagues in the private sector, but they can have just as much student debt. “I could have chosen to work for a big law firm and make six figures, but I wanted to make …
Read More »Big auto lender only checked 8% of applicants' incomes…
[ad_1] Nearly 107 million Americans have an auto loan. It’s a record high, and there are growing concerns that many people who obtained their car loans really can’t afford them. Alarm bells are ringing because one of the largest subprime auto lenders in the nation — Santander Consumer USA — …
Read More »Uber CEO's mother dies in boating accident: 'Unspe…
[ad_1] Uber CEO Travis Kalanick’s parents were involved in a boating accident on Friday that killed his mother and left his father badly injured. The company, in a statement on Saturday, called the incident an “unspeakable tragedy” and said that Kalanick’s father remains in a “serious condition.” Kalanick’s mother, Bonnie, …
Read More »The reason 'Avatar' sequels are taking so long…
[ad_1] Walt Disney World has treated guests to the Tomorrowland, Neverland, and now the famous theme park is inviting fans to visit the land of “Avatar.” “Pandora – The World of Avatar” opens to the public this weekend at Disney’s Animal Kingdom park in Orlando, Florida. The colorful attraction, replete …
Read More »The $1.3 trillion student loan problem facing Betsy DeVos…
[ad_1] When Education Secretary Betsy DeVos testified about her department’s budget this week, most of the hearing focused on her school choice proposal. But DeVos oversees a $1.3 trillion student debt program that was hardly mentioned. About 42 million Americans currently have federal student loans, and borrower complaints show that …
Read More »Top Trump aide: Coal doesn't make 'much sense anym…
[ad_1] President Trump has painted himself as the savior of America’s coal industry and the countless miners who have been crushed by its demise. “For those miners, get ready because you’re going to be working your asses off,” Trump said in a May 2016 speech in front of a crowd …
Read More »Treasury secretary's fiancée to resign from Hollywood C…
[ad_1] Treasury Secretary Steven Mnuchin’s fiancée will sever ties to the Hollywood business Mnuchin once headed. Louise Linton plans to step down from her position as interim CEO of Dune Entertainment, a film financing firm, according to a letter from Treasury reviewed by CNNMoney. Linton took over the top spot …
Read More »Are we heading for another Greek debt crisis?…
[ad_1] How’s this for déjà vu? Another debt crisis is brewing in Europe. Greece needs European creditors to release cash from a bailout agreed in 2015 so it can make debt repayments, but officials are at loggerheads. Investors are starting to worry, demanding higher returns on Greek debt. Adding to …
Read More »