As business travel falls, Airbnb sees opportunity in remote work travel

“The lines between traveling and living are starting to blur together,” Airbnb CEO Brian Chesky told CNBC’s Jim Cramer.
With business travel on a decline, the home rental company sees an opportunity to serve remote workers looking to get away from home and work from anywhere as travel trends change.
“We really are adaptive and resilient to any kind of travel behavior. That’s what we learned last year,” he said.

Here’s who qualifies for a $1,400 stimulus payment under the American Rescue Plan

Individuals earning an adjusted gross income (AGI) up to $75,000 (and married couples earning up to $150,000) will receive $1,400 each, plus $1,400 for each dependent. That means an eligible family of four will receive $5,600.

After those income thresholds, the payments phase out. Individuals earning an AGI over $100,000 per year and couples earning over $200,000 will not receive a check.

UK’s four nations agree to relax Covid restrictions for Christmas

The four nations of the United Kingdom have agreed to relax Covid-19 restrictions for Christmas to allow up to three households to meet at home for five days.
England, Scotland, Wales and Northern Ireland have taken differing approaches to handling the pandemic so far but the leaders of the devolved nations settled on a common approach on Tuesday for the festive period.
A national lockdown in England is due to end next week after which different parts of the country will face varying restrictions as part of a tiered system announced by Prime Minister Boris Johnson.

The ‘black hole’ of unemployment benefits: Six months into the pandemic, some are still waiting for aid

The coronavirus-fueled recession has stressed states’ ability to pay timely unemployment benefits, resulting in financial hardship for many families.
Sam Fornasiero, Brett Lawrence and Sam Thornton waited months.
They’re among thousands. Nearly 400,000 people who received their first benefit payment in July had waited at least 70 days, according to Labor Department data.

United bets on sun-seekers with new Florida flights

United is making a bet on vacationers looking for winter getaways in Florida.
Business travel remains weak because of the coronavirus pandemic so the airline is betting on vacationers.
The expansion is the largest addition of nonhub flying for the carrier, a departure from its network model.

Bullish options traders bet on big payout when Visa reports earnings

The busiest week of earnings season rolls on when Visa reports after the bell Tuesday, and options traders are betting on a big payoff when the payment giant’s results cross the wire.

The Dow component’s shares are up nearly 6% on the year thanks to a 35% bounce off the March lows, paving the way for what traders believe will be an earnings report that surprises to the upside.