According to the government order, all factories producing essential goods and services will remain operational at full capacity. Half of the manufacturing units in Maharashtra could remain shut for the next fortnight as the state’s new Covid-19 norms come into effect. These include appliance and apparel makers, which fall in the non-essential category. On Tuesday, Chief Minister Uddhav Thackeray announced […]

Bernie Madoff died Wednesday in prison at age 82. He ran the largest investment fraud in U.S. history — a Ponzi scheme as large as $65 billion — over four decades. Some telltale red flags for investors, such as a checkered disciplinary record, wouldn't have helped expose Madoff, according to experts. But some lessons learned, like using a third-party custodian […]

When I first started paying taxes, I would line up at the post office just before the deadline. Even after hiring a tax preparer who uses e-file, I still mailed a check on Tax Day — until this year. Scheduling electronic payments ahead of time helps me avoid late fees and stress. Visit Personal Finance Insider for more stories. I’m […]

Shares of Virgin Galactic dropped in trading on Thursday, erasing its 2021 gains after founder Richard Branson sold more stock. The space tourism company's stock has fallen 62% from its high above $60 a share in February. Virgin Galactic's stock losses have accelerated after delays to its test flight program, and share sales by Chairman Chamath Palihapitiya last month and […]

The average interest rate on a 30-year mortgage is about 3.25%; for a 15-year fixed-rate loan, it's about 2.5%. If you don't show enough income for a lender to qualify you for a mortgage, there are some workarounds. Other options include pledging assets against your brokerage account to get the money needed, or using a margin loan to help fund […]

Delta says domestic leisure bookings have recovered to 85% of 2019 levels. The airline expects to break even in June but still expects to post a pretax loss of up to $1.5 billion in the second quarter. Delta's cash burn turned positive in March, generating $4 million a day. Delta Air Lines on Thursday reported another quarterly loss but said […]

Retail sales boomed 9.8% higher in March thanks to a jump in spending at bars and restaurants as well as multiple other groups. Economists already had been expecting a gain of 6.1% as consumers received their $1,400 government stimulus checks. Jobless claims added to the good economic news, with first-time filings for unemployment insurance plunging to 576,000, easily the best […]