Image: President Joe Biden and First Lady Jill Biden, visiting students at Yorktown Elementary School, Yorktown, Virginia. May 3, 2021. Source: Instagram @potus. By COLLIN BINKLEY President Joe Biden has met his goal of having most elementary and middle schools open for full, in-person learning in his first 100 days, according to new survey data, but the share of students choosing to return has continued to lag far behind. The survey, conducted in March by …
Image source: Air France-KLM Results presentation, May 6, 2021 By Laurence Frost Air France-KLM sales are showing little sign so far of a travel upturn it still hopes to see by summer, the airline group said on Thursday, as it posted a wider first-quarter operating loss. Air France-KLM said it expects to operate 50% of its pre-pandemic flight capacity in the second quarter under way, ramping up to 55% to 65% in July-September. "We're waiting to …
Image: Aston Martin DBX. Source: Aston Martin Carmaker Aston Martin posted a smaller first quarter loss in 2021 of 42.2 million pounds ($59 million) and said it continued to take steps towards profitability, as its sales to dealers more than doubled. That compared with the 110.1 million pound loss the luxury brand posted in the same period last year, when it brought in fresh investment from billionaire Executive Chairman Lawrence Stroll to shore up its finances. …
Video source: YouTube, BBC News By JAMEY KEATEN and ZEKE MILLER WASHINGTON (AP) — The Biden administration on Wednesday joined calls for more sharing of the technology behind COVID-19 vaccines to help speed the end of the pandemic, a shift that puts the U.S. alongside many in the developing world who want rich countries to do more to get doses to the needy. U.S. Trade Representative Katherine Tai announced the government’s position, amid World Trade …
Image source: PayPal Q1-21 Investor Update, May 5, 2021 PayPal Holdings Inc reported its strongest first quarter on record and beat profit estimates on Wednesday, with a coronavirus-driven shift to online shopping and digital transactions boosting payment volumes. PayPal's quarterly performance builds on an equally strong 2020 for the company, which also saw record levels of payment volumes. San Jose, California-based PayPal processed a total of $285 billion in payments in the first quarter, up …
Image source: General Motors Q1 2021 Results presentation, May 5, 2021 By TOM KRISHER Detroit (AP) — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips. Despite the shortage, GM stuck with full-year pretax earnings guidance of $10 billion to $11 billion issued earlier in the year and said earnings would be at the high …
Image: Facebook CEO Mark Zuckerberg. Source: Facebook By MATT O'BRIEN and BARBARA ORTUTAY Former president Donald Trump won’t return to Facebook — at least not yet. Four months after Facebook suspended Trump’s accounts, having concluded that he incited violence leading to the deadly Jan. 6 Capitol riot, the company’s quasi-independent oversight board
Image source: Porsche By Christoph Steitz Volkswagen, Europe's largest car maker, raised its operating margin target for 2021 on Thursday, pointing to stronger demand for more profitable cars in the first three months of the year. The group now expects its operating profit margin to be 5.5-7.0% this year, versus a previous forecast for 5.0-6.5%, with vehicle deliveries and sales each up by more than a fifth. The better outlook is mainly driven by improved …
Image: US Capitol Building. Source: Senate Select Committee on Intelligence By STEVE PEOPLES NEW YORK (AP) — Rep. Nicole Malliotakis, R-N.Y., said it pained her to vote against the $1.9 trillion “American Rescue Plan.” But in the weeks that followed, the first-term Republican issued a news release celebrating more than $3.7 million from the package that went to community health centers in her district as one of her “achievements.” She said she prided herself on …
By Chibuike Oguh Private-equity firm KKR & Co Inc said on Tuesday its first-quarter after-tax distributable earnings surged 63% year-on-year, driven by growth in its capital markets business and public market holdings. After-tax distributable earnings (DE) – the cash used for paying dividends to shareholders – rose to $660.2 million from $406.3 million in the previous year. That translated to DE per share of 75 cents, which exceeded the average Wall Street analyst estimate of 63 …