Business News
American Airlines slashes flights but has no plans to halt U.S. service
American Airlines Co said on Thursday it is cutting additional flights this summer as travel demand has drastically shrunk amid the coronavirus pandemic.
Month: April 2020
Trading Ideas
Should You Withdraw From Your 401(k)?
For reasons that I still don’t entirely understand, when I turned 40, I decided that I would become a runner.
Not a casual runner. Not running just to get some exercise.
I didn’t even want to run just a marathon.
My goal was to become an ultramarathoner. Ultramarathons are races that are longer than a marathon (typically 50 kilometers or longer) and take place over difficult terrain.
Here I am at one of the best moments of my life, receiving my finisher Lost Soul “rock” for completing 100 kilometers. My kids were actually proud of me!
It is an absurd hobby. I’ve done six so …read more […]
Business News
Airline industry braces for prolonged recovery from coronavirus crisis
A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23% of last year’s levels and around half the world’s airplane fleet is in storage.
Business News
FCC proposes to fine TracFone Wireless $6 million for subsidy violations
The Federal Communications Commission on Thursday proposed to fine TracFone Wireless $6 million for allegedly violating its rules governing the subsidy program for telecommunications services for low income users.
Trading Ideas
Asian Stocks Set to Open Higher; Oil Holds Surge: Markets Wrap
(Bloomberg) — Asian stocks looked poised to open higher following a volatile session in the U.S., with oil producers well supported after President Donald Trump said Russia and Saudi Arabia would cut production.The S&P 500 closed up 2.3% with energy shares the best performers, while consumer discretionary stocks lagged after jobless claims doubled from last week to 6.6 million. Futures in Japan climbed, Australian shares opened higher and U.S. contracts were little changed in Asia. Treasuries retreated Thursday amid a slew of corporate supply. West Texas crude slipped back below $25 a barrel after surging 22% on Thursday — an …read more […]
Business News
Chipotle under pressure in New York over coronavirus sick leave
Less than two months after settling with New York City regulators over paid sick leave, Chipotle Mexican Grill Inc is under pressure for its policies amid the coronavirus pandemic.
Business News
U.S. crude futures fall 2% at open
Benchmark U.S. crude fell 2% at open on Friday, coming off its biggest one-day gain in the previous session after President Donald Trump said he expected Saudi Arabia and Russia to announce a major oil production cut.
Business News
Retail sector companies turn to masks, gloves in coronavirus fight
Major U.S. retail sector companies on Thursday moved to allay health and safety concerns of staff working at warehouses and stores through the coronavirus pandemic by promising face masks, gloves and sanitizers.
Trading Ideas
What This Decision by American Airlines Says About How Fast Demand Will Recover
In the past five years, U.S. airlines have boosted profits by adding extra summer flights to Europe, capitalizing on consumers’ near insatiable desire to travel abroad in June, July, and August. But on Thursday American Airlines admitted the great summer European cash grab will not return in 2020. American announced a slew of global cuts […] …read more […]
Trading Ideas
When to Buy Stocks Amid This Pandemic
Euphoria. Disbelief. Fear. Panic. Self-doubt. Disbelief. Euphoria.
These are the emotions and feelings most people go through when a market has just peaked…
Now it’s headed the other way.
Normally investors go through these emotions over the course of a few months. This time they’re happening ALL at once!
At market tops, people are euphoric, stocks are going higher and everything is good.
Disbelief sets in when a shock to the system, like the coronavirus pandemic, starts making headlines and the market starts to gyrate.
Then fear comes when the market starts to fall every day and the bad news keeps coming. Panic starts when people …read more […]
Business News
U.S. gig workers seeking coronavirus jobless benefits hit bureaucratic wall
Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the U.S. unemployment system.
Business News
U.S. Air Force to release $882 million to Boeing: official
The U.S. Air Force will release $882 million in payments to Boeing that were held back due to flaws in the KC-46 air refueling tanker, a Pentagon official said on Thursday.
Trading Ideas
Homeowner Alert: Mortgage Rates Are Near a Record Low Again
Rates have dropped this week and are giving homeowners new opportunities to save. …read more […]
Business News
Trump touts ‘great’ Saudi-Russia oil deal to halt price rout, but details unclear
U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus pandemic, though details of how cuts would work were unclear.
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