The U.S. Transportation Department said on Thursday it had rejected most requests by Jetblue Airways Corp and Spirit Airlines to halt additional flights in the wake of the pandemic that has sent passenger traffic down by 95%.
The U.S. Transportation Department said on Thursday it had rejected most requests by Jetblue Airways Corp and Spirit Airlines to halt additional flights in the wake of the pandemic that has sent passenger traffic down by 95%. The department last week issued final rules setting minimum flights requirements for airlines receiving government assistance allowing airlines to dramatically cut and consolidate but not eliminate service. Spirit must resume flights to the New York City area and outstate New York airports after it suspended service to all New York, New Jersey and Connecticut airports it serves in …read more […]
The market has experienced all kinds of ups and downs over the last two months, entering various phases as investors react to the coronavirus pandemic.
But, as Alexander Green shares today, there is one proven investment strategy that works in every phase.
Editor’s Note: Concerned about making the right investment choices in today’s volatile markets? Well, Alexander Green is sharing one of his favorite buy signals in this week’s video update – and it’s one that hasn’t just worked well for years, but for decades.
And if you’re interested in learning more, be sure to tune in to Alex’s special presentation with Bill …read more […]
COVID-19 has put the world in a chokehold, but one biotech name appears to be well on its way to delivering a match-winning knockout.On Tuesday, Moderna (MRNA) hosted a virtual vaccines day in which management as well as infectious disease (ID) key opinion leaders (KOLs) highlighted scientific, regulatory and commercial considerations related to Moderna’s vaccine programs, including its experimental vaccine against COVID-19, mRNA-1273. With respect to this candidate, Moderna expects to have initial Phase 1 immunogenicity data in the summer, and then to progress quickly into Phase 2. After a dose has been selected, Phase 2b/3 studies are slated to …read more […]
Air traffic in Latin America in April has fallen 91% compared to a year earlier due to the coronavirus outbreak that fully grounded two of the region’s largest airlines and canceled almost all other flights, industry group ALTA said on Thursday.
Oil prices slid, with U.S. crude on track for its lowest close since 2002, after OPEC lowered its global oil demand forecast due to the plunge in demand delivered by the coronavirus outbreak.
Japanese automaker Nissan Motor Co said Thursday it will extend a shutdown of U.S. manufacturing plants until mid-May, citing the ongoing impact of the COVID-19 pandemic.
Italy’s budget deficit will be near 10% of gross domestic product this year, a senior government official told Reuters, as Rome increases borrowing to try to soften the impact of the new coronavirus and the economy plunges into a deep recession.
The United States opposes creation of liquidity through issuance of the International Monetary Fund’s Special Drawing Rights (SDRs) as part of the response to the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin said on Thursday.
Italian trade unions said on Thursday they had agreed with CNH Industrial on health and security measures so the vehicle maker is ready to resume work as soon as lockdown rules are eased.
Yahoo Finance’s Jared Blikre breaks down the latest market action in the healthcare sector.
…read more […]
World stock markets seesawed while bond yields retreated on Thursday as dire U.S. jobless data underscored a deepening downturn amid the coronavirus pandemic and tamped down investor hopes a listless economy would soon be back on its feet.
Amazon CEO Jeff Bezos disclosed the tech giant’s plan to create its own lab to increase testing for COVID-19 among Amazon employees. Yahoo Finance’s Tech Editor Dan Howley shares the details. …read more […]
Canada’s privately held WestJet Airlines is laying off 1,700 pilots amid travel bans to curb the COVID-19 pandemic, according to a company memo seen by Reuters on Thursday.
Another 5.24 million people filed for unemployment last week amid the coronavirus pandemic. Professor of Law at Seton Hall University School of Law Richard Winchester joins Yahoo Finance’s On The Move to discuss tax implementations on stimulus checks. …read more […]
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