AMC Theaters warns of ‘substantial doubt’ about future

Jun 3, 2020

AMC Theaters is warning investors about its incredibly uncertain future as financial fallout from the pandemic continues, blatantly stating that “substantial doubt exists about our ability to continue as a going concern for a reasonable period of time.” A new 8-K filing arrived ahead of AMC Theaters’ upcoming earnings call next week, and it wasted… […]

Fed Chair Warns This Is a ‘Downturn Without Modern Precedent’

May 21, 2020

It’s impossible to guess what the trajectory for the economy will look like, a series of central bankers warned. That makes nimbleness key.Jerome H. Powell, the Federal Reserve chair, joined several of his colleagues in warning that the economy was in uncertain territory and it remained unclear when jobs and activity would rebound.Credit…Erin Schaff/The New… […]

ACLU warns that ‘no replies’ on Twitter could violate the constitution

May 21, 2020

Reply with the presidents who would care less about this than Trump. Image: Jenny Kane/AP/Shutterstock By Rachel Kraus2020-05-20 23:12:33 UTC Trump was basically Obama’s reply guy throughout the 2010s, so it’s only fitting that he won’t be able to take advantage of a new Twitter feature intended to curb his own comment trolls…legally, at least. … […]

Powell warns recovery could take until end of 2021

May 17, 2020

Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. Choose your subscription Not sure which package to choose?Try full access for 4 weeks For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning… […]

Fed Warns of Financial Risks as Coronavirus Downturn Persists

May 15, 2020

The central bank said the financial system “amplified” the shock in March, and warned that vulnerabilities remain heightened.The Federal Reserve said the financial system remained vulnerable as households and businesses were strained.Credit…Ting Shen for The New York TimesMay 15, 2020Updated 6:50 p.m. ETThe coronavirus outbreak upended markets in March, and the Federal Reserve said on… […]

DOT warns airlines, for a second time, for not issuing refunds for canceled flights

May 12, 2020

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.They’ve been warned before.The Department of Transportation has issued a second warning to airlines about providing refunds for canceled flights amid the coronavirus pandemic. The warning was prompted after the department reportedly received a high volume of complaints from passengers about… […]

DOT warns airlines – again – to issue refunds for canceled flights after receiving 25,000 complaints

May 12, 2020

Dawn Gilbertson, USA TODAY Published 10:38 a.m. ET May 12, 2020 | Updated 2:27 p.m. ET May 12, 2020CLOSE Many U.S. airlines including American, Southwest, United, Delta, Alaska, Frontier and JetBlue have announced passengers must wear masks while flying. USA TODAYAfter a surge in  traveler complaints about airline ticket refunds during the coronavirus pandemic, the U.S. Department of… […]

FBI warns video calls are getting hijacked. It’s called ‘Zoombombing’

Apr 2, 2020

(CNN)As video conference app Zoom surges in popularity due to increased usage amid the coronavirus pandemic, federal officials are now warning of a new potential privacy and security concern called “Zoombombing.”The term refers to a form of cyber harassment reported by some app users, who have reported that some of their calls have been hijacked… […]

Huawei Warns U.S. of Retaliation by Beijing; Profit Growth Slows

Mar 31, 2020

HONG KONG—The chairman of Huawei Technologies Co. warned the U.S. to expect countermeasures from the Chinese government if it further restricts the technology giant’s access to suppliers, as the company’s profit last year grew at the slowest pace in three years. Eric Xu, Huawei’s chairman, said he believes Beijing would respond with restrictions of its… […]

NASA warns Moon base plans might slip by a year

Mar 16, 2020

Loverro stressed that NASA wasn’t ditching the Gateway. Rather, he saw the administration pursuing a slower spending increase that would help attract foreign partners.The statements (along with delays in Boeing’s Space Launch System) suggest that NASA’s schedule for the Artemis program might be too aggressive. Critics have argued that the White House’s timetable, including a… […]

NASA Warns 4-Kilometer Planet-Killer Asteroid Currently Headed For Earth

Mar 9, 2020

KEY POINTSNASA detected a massive asteroid approaching EarthThe approaching asteroid is over 4 kilometers wideThe asteroid could destroy Earth following an impact eventNASA’s Center for Near-Earth Object Studies (CNEOS) is currently tracking a massive asteroid that’s expected to approach the planet next month. According to the data collected by the agency, the approaching asteroid is… […]