Billionaires added $5 trillion to their fortunes during the pandemic

Using data compiled by Forbes, Oxfam says in a new report that the total wealth of billionaires jumped from $8.6 trillion in March 2020 to $13.8 trillion in November 2021, a bigger increase than in the previous 14 years combined. The world’s richest 10 men saw their collective wealth more than double, shooting up by … Read more

MLK Jr. Day 2022: What’s open and closed

The national holiday observes the birthday of civil rights leader Reverend Martin Luther King Jr.,who won the Nobel Peace Prize in 1964. He was assassinated four years later. You can expect government agencies, banks and some retailers and corporate offices to be closed. Postal services United States Postal service will be closed on Monday, so … Read more

Analysis: China is risking a big hit to the economy and supply chains with zero-Omicron approach

The Covid-19 variant has been cropping up across China in recent days, including in major port cities like Dalian and Tianjin, prompting restrictions that could upend business operations in those places. The rest of the world is also dealing with Omicron, but China is different because of how intent authorities are on preventing any widespread … Read more

2,000 flights canceled for Sunday as winter storm hits East Coast

Almost 90% of the flights out of Charlotte Douglas International Airport in North Carolina, an American Airlines hub, are canceled, according to flight tracking site FlightAware. The carrier preemptively canceled 1,100 flights Sunday across its mainline and regional operations after canceling 90 Saturday. “This weekend’s winter storm is expected to have a significant impact on … Read more

Struggling Napa Businesses Falling Victim To ‘COVID Burnout’

NAPA (CBS SF) — The COVID pandemic has taken a financial toll on businesses throughout the San Francisco Bay Area, but Napa County somehow thrived as the local getaway. Until now. It’s not just about people feeling uncomfortable dining out or traveling during the current omicron surge. Businesses are short staffed and some restaurants aren’t … Read more

Neighboring Business Feeling The Pinch As King Soopers Strike Drags On

EDGEWATER, Colo. (CBS4)- Negotiations are back on between King Soopers and the union representing striking workers. They were back at the bargaining table on this third day of the strike and now businesses around King Soopers stores are feeling the impact too. (credit: CBS) One of them is JJ liquors in Edgewater. January is typically … Read more

Judge bans ‘Pharma Bro’ Martin Shkreli from pharmaceutical industry ‘for life’

The decision by US District Judge Denise Cote Friday was part of a civil case brought by the Federal Trade Commission, and attorneys general for New York, California, Ohio, Pennsylvania, Illinois, North Carolina and Virginia in 2020, who alleged Shkreli violated federal and state laws that ban anticompetitive conduct. A week-long trial took place in … Read more

British energy company apologizes after sending thousands of customers socks during heating crisis

E.ON Next sent socks to about 30,000 households with a tag attached to them that said lowering their heat would reduce CO2. The households had taken part in an “energy saving campaign” last year, The Guardian reported. The sock’s messaging couldn’t have come at a worse time — U.K. households are facing skyrocketing energy bills … Read more

FedEx asks FAA permission to add anti-missile system to some cargo planes

In a filing Friday, the Federal Aviation Administration indicated FedEx had asked permission to add the missile-defense system. The agency said that the “FedEx missile-defense system directs infrared laser energy toward an incoming missile, in an effort to interrupt the missile’s tracking of the aircraft’s heat,” according a Friday filing by the Federal Aviation Administration. … Read more