Trading Ideas
Here’s how coronavirus will change our flying habits
The unprecedented combination of fear, financial devastation, and social isolation stemming from the coronavirus pandemic could upend recovery. …read more […]
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Business News
Exclusive: Airbus to be ‘resized,’ could cut output again – sources
Planemaker Airbus has told senior staff the company must be “resized” in plans to be set out around end-June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter said.
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Coronavirus job losses are hitting these states the hardest
Averaging out unemployment claims over the last seven weeks shows that Georgia, Florida, and Alabama were hit with the highest spike in people applying for unemployment benefits. …read more […]
Business News
Trump threatens new taxes on companies that make goods outside United States
President Donald Trump threatened on Thursday to impose new taxes on American companies that produce goods outside the United States, another move his administration could make to push supply chains away from China and raise new trade barriers.
Business News
U.S. jobless claims remain elevated amid second layoffs wave
The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last week, suggesting a second wave of layoffs in industries and jobs not initially impacted by business closures caused by the pandemic.
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Near-record home loan rates could fall further on COVID warning from Fed's Powell
Mortgage rates remain near a record low in a weekly survey — and could go lower. …read more […]
Trading Ideas
Markets could be lower for longer: investor
AdvisorShares CEO Noah Hamman warns there are still headwinds for the economy and markets to recover. He speaks with Alexis Christoforous and Brian Sozzi on The First Trade. …read more […]
Trading Ideas
Cisco CFO on Q3 earnings beat, WebEx outlook
Yahoo Finance’s Brian Sozzi and Alexis Christoforous speak with Cisco CFO Kelly Kramer about the company’s Q3 earnings report. …read more […]
Business News
Wall St drops on Trump’s China trade comments, economic worries
Wall Street’s main indexes fell on Thursday, extending declines for the third straight session, as comments from President Donald Trump renewed worries over Sino-U.S. trade relations and added to concerns of a prolonged economic downturn.
Business News
Lufthansa plans 1,800 round trips a week by the end of June
German flagship carrier Lufthansa on Thursday said it would be offering 1,800 round trips a week to more than 130 destinations around the world by the end of June.
Business News
Exclusive: Airbus must be ‘resized’ to tackle crisis, CEO tells staff – sources
Planemaker Airbus has told senior staff the company must be “resized” in plans to be set out by around end-June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter said.
Business News
Delta to have 7,000 more pilots than needed in the fall: memo
Delta Air Lines , with more than 14,000 pilots on its roster, expects to have 7,000 more than it needs in the fall as the coronavirus pandemic weighs on its operations, according to a memo to flight operations employees seen by Reuters.
Newsmakers
NexTech AR Solutions (OTC: NEXCF) Reports First Quarter 2020 Results
NEW YORK and TORONTO, May 14, May 14, 2020 — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, and Virtual Events, reported results of its […]
Business News
Equities sink, bonds rise for third day on recovery fears
World stock markets fell for a third day on Thursday and safe-haven bonds rose as disappointing U.S. jobs data and signals by central banks that further government stimulus may be needed stoked investor concerns about the global economic recovery.