JetBlue Airways on Thursday defended itself against accusations from a group of Democratic senators who called out the air carrier out for cutting wages and hours. …read more […]
Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota.
Millions more Americans filed for unemployment benefits last week, more than two months after a shutdown of the country to deal with the coronavirus crisis, pointing to a second wave of layoffs in industries not initially impacted by closures caused by the pandemic.
The Trump Administration’s coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.
More investors watching stocks this summer may decrease volatility, top strategist tells Yahoo Finance …read more […]
President Donald Trump travels on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid hostility with its Democratic governor over how quickly to reopen its economy during the coronavirus pandemic.
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Lines Inc .
(Bloomberg) — Goldman Sachs is bullish on the world’s hardest-hit stock market.Down more than 48% this year when measured in dollars, Brazilian stocks will benefit from growing appetite for risky assets and a recovery in commodities prices during the second half of 2020, strategists led by Kamakshya Trivedi wrote in a report dated May 20.“Brazilian equities are an ideal bounceback candidate,” the strategists said. They recommended investors go long the benchmark Ibovespa index with a target of 90,000 points, or about 9% above current levels.Investors have fled from Brazilian stocks and its currency this year as the Covid-19 pandemic battered …read more […]
Wall Street’s main indexes eased on Thursday from more than two-month highs hit in the previous session, as growing Sino-U.S. tensions and concerns about a rebound from a coronavirus-led economic slump hit sentiment.
“You won’t see full flights on Southwest at least through the end of July, and if we do have more demand for that flight, we’ll add additional flights to meet demand,” Kelly said at its annual shareholders’ meeting, which was held virtually. Delta also plans to continue limiting the number of passengers on each flight through at least July, people told Reuters this week. The company currently has $13 billion cash in the bank that will carry it through at least 20 months at current blast rates, Kelly said, and likely many more months than that “because I …read more […]
Ottawa-based Shopify, which briefly became Canada’s most valuable company earlier this month, had more than 5,000 employees and contractors worldwide as of December. “As of today, Shopify is a digital by default,” Tobi Lutke, who is also the founder of Shopify, said in a tweet. “Office centricity is over.” …read more […]
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Line In .
The rally we’re experiencing in the stock markets has become something of a sensation. While equities generally are down some 15% from their all-time high levels, reached back in February, the rebound has been substantial. The S&P 500 is almost 33% from its March 23 trough.The big factor, of course, is the coronavirus crisis and the COVID-19 pandemic. The virus has – justifiably – taken the lion’s share of the news broadcasts. But that intense focus on one item has left investors with an incomplete picture. BMO Chief Investment Strategist Brian Belski has issued a report to correct this, by …read more […]
Michigan’s governor announced more steps to re-open the state’s economy on Thursday, offering timelines for the resumption of some businesses and allowing some social gatherings as long as guidelines to curb the spread of the coronavirus are observed.
Southwest Airlines Co will continue to limit bookings on its flights to allow for social distancing through at least July, CEO Gary Kelly told shareholders on Thursday, saying the airline would add more flights to meet any extra demand.
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