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Millions of middle-income people have been shut out of Obamacare since earning more than $ 51,000. The $ 1.9 trillion stimulus package in Congress would make health insurance premiums cheaper. It would also gather most of the tab for COBRA plans to help laid-off workers....

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Chesapeake Energy is coming out of bankruptcy

Chesapeake Energy, the high-profile disaster during the turmoil that swept through the U.S. shale industry last year, came out of bankruptcy Tuesday, promising an era of debt-driven supply growth was over. Chapter 11 of the company filing in June last year was a milestone in the pandemic-induced oil spill, as a spearhead of the shale revolution collapsed beneath a mountain of commitments accumulated over years of violent consumption and expansion. Its resurrection coincides with one 12-month high oil prices and signals the start of a new chapter for the slate business, as operators commit to prioritizing shareholder returns, not delivering…

UniCredit reports larger-than-expected quarterly losses when Mustier retires

Milan-based UniCredit showed a quarterly loss of € 1.18 billion. After write-down on goodwill in its commercial and investment banking department, and when Jean Pierre Mustier resigned as CEO.The loss is almost double what analysts had expected. The Italian lender said on Wednesday that it had accelerated its clean-up of the balance sheet and strengthened core capital, paving the way for a proposed capital allocation of 1.1 billion. Euro through dividends and share buybacks.The bank's net profit for the full year 2020 was € 1.3 billion. Thanks to lower costs ahead of expectations of € 800 million.“UniCredit's underlying net profit…

Myanmar junta pushes criminal justice bill

Myanmar's military junta has drafted a draconian cybersecurity bill that has raised alarm among human rights campaigns and business groups to give authorities extensive powers over the Internet. The transition to police digital content came as thousands continued to protest in cities across the country against a coup that toppled Aung San Suu Kyi's government last week. The military takeover is condemned worldwide with US President Joe Biden on Wednesday announces sanctions on junta's leaders and the freezing of 1 billion. dollars of Myanmar's government assets stored in the United States. According to the proposed law, online service providers in…

Coronavirus latest: New cases in California drop to less than 10,000 as San Francisco expands eligibility

US oil production will continue its coronavirus-driven decline through at least June, according to government forecasts. Output is expected to slide from 11m barrels per day in January to approx. 10.9m in June, the Energy Information Administration said Tuesday down from a pre-pandemic peak of 12.9m. US President Joe Biden is set for meeting business executives including Jamie Dimon, CEO of JPMorgan, and Doug McMillon, Walmart CEO, as he seeks corporate support for his $ 1.9 tonne stimulus plan. The gathering in the Oval Office on Tuesday marks Biden's first with important corporate voices since his inauguration. The latest wave…

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