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US Airlines: 2020 Losses May Land Above $35 Billion

PYMNTS

According to the news site, American Airlines' market capitalization fell 45 percent, Delta's fell 31 percent and United Airlines' fell 51 percent. Additionally, according to CNBC, Southwest lost 14 percent of its market capitalization — all while the S&P 500 increased by 16 percent over the course of the calendar year.

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New Unemployment Claims Down 48K To 709K

PYMNTS

The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. and Alaska (6.1). Continued jobless claims — people filing for more than two weeks in a row — were 6.8 The highest insured unemployment rates in the week ending Oct.

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The Business And Politics Of Pricing Trips To Cuba

PYMNTS

While it’s understandable to think that one or two charter airlines that did very well under the former travel restrictions might not be pleased at the prospect of slashed rates, other major carriers have already shown interest in capitalizing on the soon-to-be boom in commercial travel.

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From Farce to Menace

Independent Banker

Even as nearly one-third of Americans are already members of a credit union, it seems there’s almost nothing the NCUA still won’t try to further expand the market reach and special tax-exempt privileges of the credit unions it supervises. Talk about your captive regulator! When credit unions say “jump,” the NCUA says, “how high?”.

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The world’s most extreme ATMs

NCR

The current ratio of ATMs compared to population is 420 per million (source: Retail Banking Research – Global ATM Market and Forecasts to 2020). Wells Fargo operates ATMs in Barrow, Alaska, which has the distinction of being the northernmost city in the USA. Located above the Arctic Circle, the town has a population of just over 4,000.

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A Roadie For Everyone

PYMNTS

Bigger ticket items are now also eligible for $10,000 worth of insurance, due to Roadie’s new partnership with UPS Capital Insurance Agency. The immediate priority for that funding is developing its analytics platform and increasing its market share. That is the same firm that insures day-to-day UPS shipping.

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Data Dive: And The Winner Is Edition — SMBs Worldwide, DoorDash And Gun Regulation

PYMNTS

Participants pitch to a panel of Visa representatives — and a few large client representatives — in what Visa’s SVP of Digital and Marketing Transformation Shiv Singh described as a “Shark Tank”-like format. SoftBank Group led the round, along with participation from GIC, Wellcome Trust and Sequoia Capital.