In presentations at an investor conference, airline officials said they expect to offset their higher fuel bills with higher ticket prices thanks to surging demand. Another COVID-19 wave and other factors could hurt bookings again, but for now the trend in ticket prices is up. Don’t wait for prices to go down, especially to popular […]
Americans can expect a measure of relief for record high gas prices as oil recedes to less than $100 a barrel, analysts said. The US crude benchmark fell 6% Tuesday to $96.84, down from nearly $130 a barrel last week — its highest level since 2008. Oil prices are falling as Russia and Ukraine leaders […]
Stocks soared on the news as well. The Dow gained about 600 points, or 1.8%, Tuesday. The S&P 500 and Nasdaq rose 2.1% and 2.9% respectively. What’s happening: The unusually sharp pullback has been driven by hopes that Saudi Arabia and the United Arab Emirates could boost oil production, and that demand from China could […]
Sunny Balwani, former president and chief operating officer of Theranos Inc., leaves federal court in San Jose, California, Oct. 2, 2019. Michael Short | Bloomberg | Getty Images He was the man behind the lab curtain at blood-testing start-up Theranos. Now he takes center stage in his own criminal fraud case. Opening arguments in the […]
Dow Jones futures were lower after Tuesday’s stock market surge. The Federal Reserve’s interest-rate decision is due out Wednesday afternoon. The Russia-Ukraine war remains a key focal point in the stock market today. Treasury yields held at their highest level since July 2019, while US oil prices fell below $95 a barrel Tuesday. X Investors […]
astra (ASTR) confirmed on Twitter that the rocket had made it to orbit, but it wasn’t immediately clear whether its payload — a group of small satellites for a variety of customers — safely deployed into orbit. During a webcast of the launch, Astra’s director of product, Carolina Grossman, warned that the company wouldn’t know […]
“The resurgence in cases has provided a stark reminder that the pandemic is still lingering,” Russ Mould, investment director at AJ Bell, said Tuesday in comments emailed to The Washington Post. “Investors might have become too complacent over the risks of lockdowns returning once again.” Story continues below advertisement But the outlook was decidedly positive […]
After watching the ongoing chaos of Russia’s invasion of Ukraine, a growing lineup of the world’s biggest pharma giants are taking their next, closely watched steps amid a global backlash — pulling out of Russia for a full slate of business activities and, for some, handing over profits on anything that remains. The latest moves […]
Starbucks’ ubiquitous green-and-white cups could be a thing of the past as the coffeehouse chain plans to push people to bring their own cups, company officials said on Tuesday. The Seattle-based chain claims it is aiming to “create a cultural movement towards reusables” by 2025 – by nudging the public to get their drinks in […]
(Kitco News) The extremely volatile commodity sector continues to weigh on gold as markets shift their focus to the Federal Reserve’s expected 25 basis rate hike on Wednesday. At one point, gold lost $50 on Tuesday as oil prices and other raw commodities tumbled. Oil fell below $100, with West Texas Intermediate […]
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