Month: March 2020

Top news and what to watch in the markets on Friday, March 20, 2020. …read more […]

Investors who take an interest in B&G Foods, Inc. (NYSE:BGS) should definitely note that the Director, David Wenner… …read more […]

Unfortunately for some shareholders, the Alaska Air Group (NYSE:ALK) share price has dived 63% in the last thirty… …read more […]

(Bloomberg) — In a brutal market rout that has spared almost no corner of the financial market, one American brand is showing extraordinary resilience.Shares of United Parcel Service Inc. have held their own in the past month as other transportation companies plunged amid the global coronavirus pandemic that’s brought daily life to a screeching halt. UPS has been bolstered by its deep ties to Amazon.com Inc.“UPS is participating in the e-commerce ‘boom’ as people don’t go to stores and stay home and order online,” Cowen analyst Helane Becker said in an interview. According to Cowen’s estimates, about 14% of UPS’s …read more […]

(Bloomberg) — Asian stocks and U.S. futures gained and the dollar halted an eight-day rally as investors took stock of an unprecedented rush of global stimulus measures.European futures also climbed amid tentative signs of returning appetite for riskier assets. Gains in South Korea’s equity market topped 7% and shares in Hong Kong climbed over 4%, though a strong advance in Australia fizzled out. China’s yuan rose after the central bank set the daily reference rate slightly stronger than anticipated, though still the weakest in 12 years. Treasury futures ticked higher.Australian bond yields, which saw an historic surge on Thursday, retreated …read more […]

Malaysia’s AirAsia Group Bhd said on Friday that the internal inquiry into corruption allegations by Britain’s Serious Fraud Office (SFO) has found that its procurement process with Airbus was robust and justifiable. In a filing to the stock exchange, the airline said the sponsorship of a sports team by Airbus was disclosed to and supported by the Board of Directors of AirAsia Bhd (AAB), the name AirAsia Group was then known by, at the relevant time. …read more […]

Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian price war and Texas regulators may curb oil output, the U.S. investment bank said such action would reduce global and U.S. domestic supplies. U.S. crude oil prices rose more than $1 on Friday, extending steep gains from the previous session, after U.S. President Donald Trump said he would “get involved” in the price war at an “appropriate time”. …read more […]

Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian price war and Texas regulators may curb oil output, the U.S. investment bank said such action would reduce global and U.S. domestic supplies. U.S. crude oil prices rose more than $1 on Friday, extending steep gains from the previous session, after U.S. President Donald Trump said he would “get involved” in the price war at an “appropriate time”. …read more […]

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The Canadian Union of Public Employees (CUPE) said it was “deeply saddened” to learn that airline would temporarily lay off about 3,600 of its members at Air Canada mainline and all 1,549 of its members at Air Canada Rouge. CUPE, which represents about 10,000 flight attendants at Air Canada and Air Canada Rouge, said the layoffs were effective until April 30 at the earliest. …read more […]

To the annoyance of some shareholders, Royal Dutch Shell (AMS:RDSA) shares are down a considerable 51% in the last… …read more […]