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American Airlines has sent out letters to roughly 25,000 employees about possible layoffs and furloughs. The Worker Adjustment and Retraining Notification letters, as they are called, are required by law 60 days before layoffs or furloughs are anticipated.The letters from the airline specifically say they are taking this step because of “overages we may start to see Oct. 1 when our Payroll Support Program funding expires.”They reference customer revenues being down 80 percent in June 2020 compared to June 2019. The company says they have 20,000 more employees on payroll than they “will need to operate our smaller schedule this fall.”American says they hope to lessen the number of furloughs by offering employees opportunities like extended leave and early retirement. "We know American will be smaller going forward and we must right-size all aspects of our airline to adjust to that new reality," the letter said. United Airlines sent nearly 36,000 similar letters to employees earlier this month. At the time, United said the notices covered about 45 percent of their U.S employees.Delta Airlines, who has not signaled any furloughs or layoffs at this time, did report low second-quarter earnings earlier this week. Delta is the first U.S. airline to report financial results for the

After eight months of steady gains, stock market volatility has again rocked investors this week, with a global sell-off triggered by the prospect of slower global economic growth and rising bond yields. The S&P 500 fell nearly 7% in six days, bringing the index down to levels last seen in July.When stock markets tremble, the advice from financial advisors is simple: Stick to your investment plan.That’s easier said than done. If your financial house is on fire, you want to fight the flames or flee as surely as if your actual home were ablaze, behavioral finance experts say. To stand back, watch and periodically throw more money on the bonfire is tough even for the most seasoned investor, let alone your average 401(k) holder.“You’d think that a high-net-worth individual is more sophisticated, that they are not going to panic like an investor with ,000 at stake? Not true,” says David Thomas Jr., founder and chief executive officer of Equitas Capital Advisors in New Orleans.Still, Thomas says, “You can be smarter than your emotions, but that’s an acquired skill.”Here are some ways to sidestep the natural emotional triggers that can be costly during the next market correction or crash. 1220

After Andy Cohen recovered from the coronavirus, he wanted to help others recover. He attempted to do what others who have had the coronavirus have been asked to do and give plasma.It turns out he was rejected.Cohen is prohibited from giving plasma because he is gay. He was told that gay men are unable to give blood due to concerns over HIV infection, despite him being HIV negative."They said, 'You can't do it,'" Cohen said on Tuesday’s ABC "The View." "I was hurt. I just thought well this is crazy, technology has come so far.“They're worried about HIV in blood," he added. "But I'm HIV negative. And you can find that out, and then you can test my blood a couple of times before putting it into a system."The FDA recently slightly relaxed its ban on gay men giving blood or plasma, stipulating that men who have had sex with other men are eligible to donate after three months of abstinence.The FDA says that it is possible that convalescent plasma contains antibodies to the coronavirus and might be effective against the infection. Plasma can be collected from recovered individuals only if they are eligible to donate blood. 1142

After the University of North Carolina opted last week to hold all undergraduate courses virtually, the university has seen 504 confirmed coronavirus cases since last Monday.The school’s student newspaper, The Daily Tar Heel, first reported the significant outbreak.In the last week, the school’s COVID-19 positivity rate increased to 31.3% of all COVID-19 tests. The week before, it was 13.6%. On week ending August 9, the COVID-19 positivity rate was 2.8%, which gave university officials some confidence that the university could safely reopen.But as cases began to see an uptick last week, the university suspended all in-person learning for undergraduates just a week into the start of the semester. The university also encouraged on-campus residents to return home. The university said that just 15.1% of its main campus housing was being utilized as of Monday, down from 60.5% a week prior.As a number of universities begin in-person learning, the surge of cases at UNC offers a cautionary tale of operating a major university amid the worst pandemic to hit the US in over a century. Joining UNC in suspending in-person learning last week was ACC rival Notre Dame. 1179

After three full days of deliberations, the jury in the trial of former Trump campaign chairman Paul Manafort still has not returned a verdict.Jurors will return Tuesday at 9:30 a.m. ET.Manafort is charged with 18 counts of tax evasion, bank fraud and hiding foreign bank accounts in the first case brought to trial by special counsel Robert Mueller as part of the investigation into Russian interference in the 2016 US election. He has pleaded not guilty to all the charges.Judge T.S. Ellis and both teams of lawyers met twice met Monday morning in private. The conversations lasted about 10 minutes each, and Ellis said transcripts will be made public at the end of the trial.The trial carries major implications for the future of Mueller's investigation. Trump has repeatedly called the probe a "witch hunt" that hasn't found evidence of Russian collusion with his campaign, and his allies in and out of the White House say the special counsel should wrap things up. 977

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