Trading Ideas
Month: May 2020
Business News
U.S. grants tentative OK for 15 air carriers to suspend service to 75 airports
The U.S. Transportation Department said late Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus pandemic.
Business News
Dozens of Chinese companies added to U.S. blacklist in latest Beijing rebuke
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military.
Business News
Uber customer claims company won price-fixing suit because arbitrator was scared
An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber’s favor because he was scared.
Business News
U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund
U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc investment fund, including to pay for a Beverly Hills mansion and other luxuries.
Trading Ideas
As coronavirus crisis pushes more to work from home, some see an end to 'office centricity'
The worldwide coronavirus crisis that have locked many citizens indoors is also rapidly diminished the allure of shiny trophy office towers. …read more […]
Business News
United Airlines CEO Kirby’s annual base salary lower than predecessor
United Airlines Holdings Inc said on Friday it would pay Chief Executive Officer Scott Kirby an annual base salary of $1 million, lower than what prior head Oscar Munoz received.
Business News
Hertz preparing to file for bankruptcy as soon as Friday night: WSJ
Car rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported https://on.wsj.com/2A4ONKs, citing people familiar with the matter.
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Hertz preparing to file for bankruptcy as soon as Friday night: WSJ
The company, which operates the Hertz, Dollar and Thrifty car-rental brands, had been holding talks with creditors after missing significant car-lease payments in April. Forbearance and waiver agreements on the missed payments were set to expire on Friday. Hertz did not immediately respond to a request for comment. …read more […]
Business News
U.S. agencies ask FCC to rescind Ligado spectrum decision
A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks [MOSAV.UL] to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS).
Trading Ideas
Market Recap: Friday, May 22
Stocks ended little changed Friday, as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. Still, the three major U.S. equity indices posted weekly advances of about 3%, with investors largely factoring in the fallout from the COVID-19 crisis into asset prices. …read more […]
Business News
Business groups push Trump to keep skilled-worker visas amid pandemic
A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning of negative economic consequences if he blocks the flow of skilled foreign workers into the United States.
Trading Ideas
Venezuela Supreme Court orders DirecTV to restore service
Venezuela’s Supreme Court on Friday ordered pay television service DirecTV to restore services in the South American country, after owner AT&T Inc said earlier this week it was shutting access due to U.S. sanctions. DirecTV was the country’s most popular television service, providing a range of foreign channels as alternatives to the country’s beleaguered local television industry that has been battered by a hyperinflationary economic crisis. U.S. sanctions meant to force President Nicolas Maduro from office prohibit companies from contracting with state agencies, but local Venezuelan laws require subscription services to carry channels run by the government. …read more […]
Business News
Automaker trade backs U.S. on effort to weaken fuel efficiency rules
A group representing many major automakers on Friday backed the Trump administration’s decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements.
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Coronavirus latest: Friday, May 22
CanSino Biologics, a Chinese vaccine company, announced on Friday that it saw strong, positive results from its phase one trials of a coronavirus vaccine, which it tested on 108 volunteers. Yahoo Finance’s Anjalee Khemlani joins The Final Round to break down the latest news about the coronavirus. …read more […]