• Tekashi 6ix9ine’s kidnapper is too dangerous to free from prison: judge

    Tekashi 6ix9ine’s kidnapper is too dangerous to free from prison: judge

    A Manhattan federal judge ruled Monday that he won’t let Tekashi 6ix9ine’s kidnapper out of prison amid the coronavirus outbreak. Attorneys for Anthony “Harv” Ellison had asked Judge Paul Engelmayer to release their client from the Metropolitan Correctional Center on $200,000 bail into home confinement due to his asthma. “The court, based on the trial …
  • Tekashi‘s kidnapper is too dangerous to be released amid pandemic: Feds

    Tekashi‘s kidnapper is too dangerous to be released amid pandemic: Feds

    Federal prosecutors argued in court papers filed Friday that Tekashi 6ix9ine‘s kidnapper is a violent high-ranking member of the Nine Trey gang and could be a menace to the community if sprung from prison due to the coronavirus pandemic. “His leadership role in an incredibly violent gang, his participation in a gunpoint kidnapping and robbery, …
  • Shake Shack to return $10 million meant for small businesses during pandemic

    Shake Shack to return $10 million meant for small businesses during pandemic

    Burger giant Shake Shack plans to return $10 million it received from a government loan program meant to protect small businesses during the coronavirus crisis. The New York-based fast food chain was one of several large restaurant companies that got a multi-million-dollar loan through the Trump administration’s $349 billion Paycheck Protection Program aimed at helping …
  • United cuts May flights by 90 percent, tells employees to brace for job cuts

    United cuts May flights by 90 percent, tells employees to brace for job cuts

    United Airlines Holdings Inc said on Wednesday that it has cut its flight schedule by 90% in May and expects similar cuts for June as a result of the coronavirus pandemic, and warned that travel demand that is now “essentially at zero shows no sign of improving in the near term,” making job cuts likely. …
  • Car-rental firm Hertz seeks coronavirus bailout

    Car-rental firm Hertz seeks coronavirus bailout

    Carl Icahn’s car-rental company, Hertz, is seeking a bailout from Uncle Sam to fend off a looming cash crunch that threatens to push it over the edge, The Post has learned. Hertz Global Holdings, known for snagging OJ Simpson as its spokesman at the height of his football career, faces a $1 billion-to-$1.5 billion budget …
  • Bank of America’s profit slides 45 percent as it braces for defaults

    Bank of America’s profit slides 45 percent as it braces for defaults

    Bank of America chief Brian Moynihan has spent a decade preparing his megabank for the next financial crisis, but he still wasn’t fully prepared for the coronavirus pandemic. On a Tuesday morning call with reporters discussing first-quarter results, the chief executive said his $2.3 trillion bank is ready to weather the unprecedented COVID-19 outbreak, but …
  • White House, major airlines reach terms for $25B bailout

    White House, major airlines reach terms for $25B bailout

    Major airlines and the Treasury Department have reached terms for a $25 billion coronavirus bailout to prevent layoffs after a severe plunge in demand. The funds, approved last month by Congress as part of a more than $2 trillion stimulus bill, will be distributed to companies that agree not to furlough workers before Oct. 1. …
  • Railroad History Suggests Federal Bailouts Could Spell Doom for Airlines

    Railroad History Suggests Federal Bailouts Could Spell Doom for Airlines

    The ultimate lesson of James J. Hill and his Great Northern Railroad is that the “winners” government picks today are the “losers” of tomorrow. A famous saying, especially prescient in times like this, is “those who do not learn from history are doomed to repeat it.” Last month, Congress mortgaged the nation’s future in a …
  • Wall Street firm offered 175% returns to investors using US aid programs

    Wall Street firm offered 175% returns to investors using US aid programs

    A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22 percent to 175 percent using US government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters. Following questions posed by Reuters, Arcadia Investment Partners, …
  • Kandi Burruss reveals ‘RHOA’ reunion to be filmed online

    Kandi Burruss reveals ‘RHOA’ reunion to be filmed online

    Due to the current coronavirus pandemic, several television shows have halted production, including Bravo favorite “Real Housewives of Atlanta.” While the show is still airing Sunday nights, the season has wrapped — which typically means it’s time for the reunion. According to “housewife” Kandi Burruss, however, that reunion will be taking place online this time …