If the coronavirus crisis lasts another two or three months, it could force carriers to collapse and spark more consolidation in the beleaguered airline industry, the International Air Transport Association (IATA) chief told Reuters on Friday.
China’s Wuhan city, ground zero of the new coronavirus outbreak, reported five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.
Elon Musk is expected to defend a $2.2 billion deal in court next week criticized by shareholders as benefiting Musk at the expense of Tesla Inc, and the outcome may depend as much on the chief executive’s temperament as on the facts of the case.
U.S. Federal Reserve policymakers have already begun responding to the coronavirus with an emergency interest rate cut and a reopening of their crisis tool kit, all without a clear idea of what damage is being done outside of plummeting financial markets.
World stocks bounced off their lows on Friday on hopes of more central bank stimulus and government spending, but were still set for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class.
Contracts on the Dow, S&P 500 and Nasdaq rocketed higher and hit their upper limits during pre-market trading. …read more […]
Unfortunately for some shareholders, the Delta Air Lines (NYSE:DAL) share price has dived 43% in the last thirty days… …read more […]
Here’s what you need to know about the coronavirus epidemic today:
Potential CenturyLink, Inc. (NYSE:CTL) shareholders may wish to note that the Executive VP & CFO, Indraneel Dev… …read more […]
Those following along with Equinox Gold Corp. (TSE:EQX) will no doubt be intrigued by the recent purchase of shares by… …read more […]
The airline stocks that suffered the most after U.S. President Donald Trump barred continental Europeans from traveling to the United States do not even operate flights between those two regions.
British Prime Minister Boris Johnson has cautioned that more families will lose their loved ones to the coronavirus but has taken a distinctly different approach to tackling the outbreak.
Those following along with Cleveland-Cliffs Inc. (NYSE:CLF) will no doubt be intrigued by the recent purchase of… …read more […]
Unfortunately for some shareholders, the Caterpillar (NYSE:CAT) share price has dived 34% in the last thirty days… …read more […]
Canadian Prime Minister Justin Trudeau’s wife, Australia’s minister for home affairs and a Chelsea soccer player are among new cases of the coronavirus that has infected almost 135,000 people and killed more than 4,900 worldwide.
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