Connect with us

Business

What’s open and what’s closed on Good Friday 2024?

Published

on



Good Friday is a conundrum for many people. Easter is such a major holiday in the Christian faith that it seems like it would also be a government holiday. It’s not, though. But that doesn’t mean everything will be open.

Markets, governments and businesses usually agree on days off, but they have differing policies when it comes to Good Friday. Confused? Don’t worry. Here’s what you can expect.

Are banks open on Good Friday?

Yes—and no. Good Friday is not a federal holiday, so banks in most states will be open. Twelve states, however, recognize Good Friday as a state holiday, so branches in Connecticut, Texas, Delaware, Hawaii, Indiana, Tennessee, Florida, Kentucky, Louisiana, New Jersey, North Carolina and North Dakota could be closed.

Will there be any mail delivery on Good Friday?

Yes. Since this isn’t a federal holiday, the U.S. Postal Service will operate as it does on any other day. UPS and FedEx will conduct business as usual, also—and their drop off locations will have normal hours.

Is the stock market open on Good Friday?

Here’s where things get a little confusing. The stock market observes Good Friday as a holiday, so the New York Stock Exchange and Nasdaq will both be closed.

Are government offices open on Good Friday?

As with banks, it really comes down to where you live. Since 12 states recognize the day as an official holiday, you won’t be able to access DMV offices, courts or city halls in Connecticut, Texas, Delaware, Hawaii, Indiana, Tennessee, Florida, Kentucky, Louisiana, New Jersey, North Carolina and North Dakota.

Which retail and grocery stores are closed on Good Friday?

Almost none. No major retailer shuts down for Good Friday—and several hold Easter or Spring sales hoping to lure in last-minute shoppers who are assisting the Easter Bunny this Sunday.

Subscribe to the new Fortune CEO Weekly Europe newsletter to get corner office insights on the biggest business stories in Europe. Sign up for free.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Slovak premier Robert Fico critically injured in assassination attempt

Published

on


Unlock the Editor’s Digest for free

Slovak Prime Minister Robert Fico was critically injured on Wednesday in a shooting that the government called an assassination attempt and several politicians linked to the country’s stark polarisation.

Fico’s office said he was in a “life-threatening condition” after being shot multiple times as he greeted people in the town of Handlová, about 190km from the central European country’s capital, Bratislava.

The government said the 59-year-old populist, pro-Russian leader was transferred by helicopter to a hospital in the nearby city of Banská Bystrica, rather than Bratislava, because of the need for “acute intervention”.

Fico underwent surgery on Wednesday evening, according to defence minister Robert Kaliňák, a close ally of the prime minister.

He added Fico’s situation was “very complicated”, but that “we believe he will be strong enough to handle this trauma”. 

Deputy prime minister Tomáš Taraba later told the BBC he thought Fico’s hospital operation “went well”, adding: “I guess in the end he will survive.”

A man with a gun licence was detained as a suspect over the shooting, local media reported.

The attacker had a “clear political motivation”, said interior minister Matúš Šutaj Eštok, who added the assailant decided to act after Peter Pellegrini, a Fico coalition government ally, won the country’s presidential election in April.

Locator map of Handlova in Slovakia

Some politicians from Fico’s coalition were quick to claim the opposition had provoked the attack.

Taraba said “the entire hateful opposition has bloody fingers”.

Other politicians linked the shooting with acute political divisions affecting Slovakia, an EU member state.

In a televised address to the nation, outgoing President Zuzana Čaputová called for a halt to vitriolic language against politicians.

“The hateful rhetoric we witness leads to hateful acts,” she said. “A physical attack on the prime minister is primarily an attack on a person, but also on democracy.”

Čaputová said she was shocked by the “brutal and reckless” attack and wished Fico “a lot of strength at this critical moment to recover”.

Death threats against politicians are frequent in Slovakia, said Milan Nič, analyst at the German Council on Foreign Relations and former adviser to Slovakia’s foreign ministry.

“It is not an isolated incident. This is one of the most polarised countries in Europe . . . with regular threats against the lives of politicians,” he added.

Robert Fico
Robert Fico, speaking in Handlová on Wednesday, was transferred to hospital by helicopter © Radovan Stoklasa/TASR/AP

Fico, founder of the populist Smer party, began his fourth term in office last October leading a three-way Eurosceptic coalition.

The coalition has been deeply at odds with liberal and pro-EU groups as it calls for tough anti-migrant measures and an end to sanctions against Russia imposed after its invasion of Ukraine.

Fico’s return to power sparked mass protests this year that echoed large-scale demonstrations in 2018 over the fatal shooting of a 27-year-old journalist who had been investigating alleged links between Smer and organised crime. Fico stepped down from his previous term amid those protests.

Michal Šimečka, leader of the country’s liberal opposition, said on social media site X: “We absolutely and strongly condemn the violence and . . . shooting of Prime Minister Robert Fico. We believe he will be fine.

“At the same time, we call on all politicians to refrain from any statements and actions that may contribute to the escalation of tension.”

Since returning to the premiership of Slovakia, Fico has made contentious political moves such as dissolving an anti-corruption office in defiance of warnings from Brussels.

Last month, his coalition moved ahead with a law targeting non-governmental organisations, which critics said was inspired by Hungary’s crackdown on civil rights groups.

Back view of a person in handcuffs sitting on the ground
A person is detained after the shooting in Handlová © Radovan Stoklasa/Reuters

Hungarian Prime Minister Viktor Orbán, a political ally of Fico within the EU, said he was shocked by the “heinous attack against my friend”.

Other world leaders were quick to condemn the shooting. Ursula von der Leyen, president of the European Commission, said: “Such acts of violence have no place in our society and undermine democracy, our most precious common good . . . My thoughts are with PM Fico and his family.”

US President Joe Biden said: “We condemn this horrific act of violence.”



Source link

Continue Reading

Business

Netflix doubles down on its ‘big bet on live’ events with huge deal to air NFL Christmas Day games

Published

on



Netflix Inc. will air two National Football League games this Christmas Day, in the streaming TV giant’s latest push into live events.

The three-season pact will also see Netflix host at least one Christmas game in both 2025 and 2026, the league and the company announced on Wednesday.

“Last year, we decided to take a big bet on live — tapping into massive fandoms across comedy, reality TV, sports and more,” Bela Bajaria, Netflix’s chief content officer, said in a statement. “There are no live annual events, sports or otherwise, that compare with the audiences NFL football attracts.”

The agreement marks the first time Netflix has licensed the rights to one of the world’s premiere sports and the first time it will show live football, the most popular sport in the US. The company will pay about $150 million for the two games this year, according to people familiar with the deal who asked not to be identified because the terms are private. It will be a similar amount if the company gets two games next year.

The NFL plans to announce its 2024-25 schedule on Wednesday.

The streaming industry leader has been experimenting with live programming for the past year as a way to broaden the entertainment options for its customers and create appealing properties for advertisers. Sports is the most valuable live programming in the world.

Executives at Netflix like the idea of a Christmas Day event that could bring millions of viewers to the service all at once. No live event is a bigger draw for viewers or advertisers in the US than the NFL, which accounts for the majority of the most-watched live TV broadcasts in the country every year.

The announcement confirms Bloomberg’s earlier report that a deal was imminent. Boomer Esiason, who hosts a morning sports radio program on WFAN in New York, and John Ourand at Puck previously reported on some aspects of the deal.

Netflix will elaborate on its plans Wednesday in New York, when executives are scheduled to present the upcoming programming lineup to potential advertisers. The Los Gatos, California-based company has dabbled in live sports before. It plans to carry a boxing match between former champ Mike Tyson and YouTube star Jake Paul in July. In January, the company acquired the exclusive rights to Raw as well as other programming from World Wrestling Entertainment, marking the service’s biggest move to date into live events. 

Boosting ad sales is a key part of the company’s efforts to sustain the double-digit revenue growth that analysts expect through 2026. Netflix said earlier this year that more than 23 million people use its advertising-supported offering around the world.

On a conference call with investors in April, co-Chief Executive Officer Greg Peters described the ad business as “growing quite quickly” from a relatively small base. In the US, the company offers a $6.99-a-month subscription that carries ads. 

“It takes a while to grow that into the point where it’s material,” Peters said. “So we look forward to that increasing in ’25 and then increasing further ’26 and beyond.”Play Video

Because live sporting events have commercial breaks built into their broadcasts, Netflix will show advertising to all of its users in a given market — not just the those on a cheaper, ad-supported plan.

The NFL has an existing relationship with Netflix, which produced the series Quarterback that debuted last July. The sequel, called Receiver, will release in July. The league has been carving up its rights to create additional game packages for partners, streaming services in particular.

In March the league announced two other streaming exclusives. Comcast Corp.’s Peacock service will carry a Philadelphia Eagles game in Week 1 of the season from Sao Paulo, Brazil on Sept. 6. The opponent hasn’t been named. It also awarded a wildcard playoff game to Amazon.com Inc.’s Prime Video, which already shows Thursday Night Football.

Subscribe to The Broadsheet newsletter to stay updated on the world’s most powerful women in business. Sign up for free.



Source link

Continue Reading

Business

Nio’s Onvo brand undercuts Tesla Model Y

Published

on


Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.

CNBC | Evelyn Cheng

SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y.

Deliveries for Onvo’s first car, the L60 SUV, are set to begin in September, the company said. Pre-sales began after Wednesday’s launch event.

Nio CEO William Li said he expected that Onvo would sell its cars overseas at some point, but didn’t specify when, according to an interview with CNBC’s Eunice Yoon.

Since launching about 10 years ago, Nio has focused on the premium segment of cars, priced around 300,000 yuan (about $41,500) or higher. The company has since expanded to Europe, but its monthly deliveries in China have generally remained modest versus competition.

Onvo’s L60 starts at 219,900 yuan ($30,439), versus the Model Y’s 249,900 yuan. Elon Musk’s electric SUV has been one of the best-selling pure battery-powered electric cars in China.

How Tesla may have just killed its most important product — Superchargers

Fierce competition in China’s electric car market has invited new entrants and prompted many companies to cut prices.

Smartphone company Xiaomi in late March entered the electric car market with its SU7 sedan to rival Tesla’s Model 3 with a price that was also about $4,000 cheaper.

The Model 3 has since cut its price by about $2,000 to 231,900 yuan, according to Tesla’s China website. Xiaomi said Wednesday it had delivered 10,000 SU7 vehicles.

BYD, which sold more cars than Elon Musk’s automaker last year when including hybrids, mostly sells cars in the range of 100,000 yuan or below. BYD has started to expand into higher-price segments in the last few years.

Nio CEO Li confirmed to CNBC the L60 is using lower-priced batteries from BYD.

Global competition from Chinese EV makers has also prompted stiff new tariffs from the Biden administration on imports of the vehicles to the U.S. Chinese EVs will be subject to a 100% tariff, the administration announced earlier this week.

When asked about the new levies, Li called them “completely unreasonable,” noting the impact on consumers and climate goals. That’s according to a CNBC translation of the Mandarin.

A ‘new standard’ family car to rival Tesla



Source link

Continue Reading
Advertisement

Trending

Copyright © 2024 World Daily Info. Powered by Columba Ventures Co. Ltd.