Workers who had only just started new jobs before coronavirus hit UK businesses are caught in a “furlough trap”, with the government scheme to cover 80% of their income unavailable to their employers. When the crisis first hit, the chancellor, Rishi Sunak, announced that businesses would be able to apply for help paying the wages of staff who they would […] US airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday. Many US airlines are canceling 60 percent to 80 percent of their flights, and under federal law passengers on those flights are entitled to full refunds, Senators Ed Markey, […] Joint credit cards mean both partners are responsible for payments. But is a joint credit card right for you? (iStock) Managing money with a partner can be fraught with challenges. One option some couples consider is applying together for credit. Continue Reading Below When a couple opens a joint credit card, the card issuer considers both their credentials in deciding […] Morgan Stanley boss James Gorman said he’s “been fortunate” despite getting sick with the coronavirus last month, and that his recent decision not to lay off employees amid a looming recession was a no-brainer. The crisis took a personal turn at Morgan Stanley last week when Gorman, the bank’s 61-year-old chief executive, disclosed to employees in a video that he’d […]
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Morgan Stanley CEO: Not laying people off was one of the easiest decisions ever made