The IRS has issued over 22 million tax refunds. Here’s the average payment

Bill Oxford | E+ | Getty Images The tax season kicked off on Jan. 24, and the IRS has issued more than 22 million tax refunds worth around $78 billion, the agency reported Friday. As of Feb. 18, the average refund was $3,536, over $700 higher than last year’s payment of $2,815, as reported through…

No-fly zones, canceled flights: How Russia’s invasion of Ukraine is disrupting air travel

One of the five Ukrainian Boeign 737-800 aircraft that landed yesterday at Castellon airport in the face of the political situation in Ukraine and Russia, on 15 February, 2022 in Castellon, Valencian Community, Spain. Carme Ripolles | Europa Press | Getty Images Russia’s invasion of Ukraine this week is ripping through the air travel industry,…

Moderna expects at least $19 billion in Covid vaccine sales in 2022, reports big fourth-quarter earnings beat

In this article MRNA The Moderna Covid-19 vaccine is prepared for administration ahead of a free distribution of over the counter rapid Covid-19 test kits to people receiving their vaccines or boosters at Union Station in Los Angeles, California on January 7, 2022. Frederic J. Brown | AFP | Getty Images Moderna on Thursday said…

Warren Buffett in annual letter calls Apple one of ‘Four Giants’ driving Berkshire Hathaway’s value

In this article AAPL BRK.A Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades. In his annual…

Berkshire’s operating earnings surge as Buffett repurchases record $27 billion in stock during 2021

In this article BRK.A Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway‘s operating profits surged in the fourth quarter and for the full year as the conglomerate’s businesses continued to roar back to life from the pandemic economic slowdown. Chairman Warren Buffett increased his bet on that comeback, buying back…

93% of student loan borrowers aren’t prepared to restart payments, survey finds

It’s been almost two years since most borrowers have had to pay their monthly student loan bill. And yet, 93% of them are not prepared to resume payments on May 1, according to a survey of more than 23,000 student loan borrowers by the Student Debt Crisis Center. “The payment pause has meant everything,” said…

Airbus CEO: Transatlantic flights, Europe travel will grow post-Covid despite Ukraine-Russia tensions

In this article AIR-FR As if the airline industry needs yet another hurdle to overcome after two of the worst years it has ever experienced, carriers are now wondering what will happen to travel in Europe given the war in Ukraine. The CEO of Airbus, which is based in Toulouse, France, believes an expected surge…

Coinbase posts big revenue beat but expects trading volume to fall in the first quarter

In this article COIN Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported fourth-quarter earnings that beat analyst estimates after the bell on Thursday. Shares bounced around after the report. They…

Stocks making the biggest moves premarket: Foot Locker, Cinemark, Dell and others

In this article FL COIN CNK DELL SQ TREE Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker shares slumped 16.1% in the premarket after the athletic apparel and shoe retailer gave a weaker-than-expected full-year profit and comparable-store sales outlook. The company cited changes in its vendor mix as…

Elon Musk and Kimbal Musk insider-trading investigation may be tough to pursue

Elon Musk’s brother Kimbal Musk applauds to him at a briefing after the launch of a SpaceX Falcon 9 rocket and Crew Dragon spacecraft on NASA’s SpaceX Demo-2 mission to the International Space Station from NASA’s Kennedy Space Center in Cape Canaveral, Florida, U.S. May 30, 2020. Jonathan Ernst | Reuters Coincidence or stock tip?…