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Industries, Others

Airlines face $157 billion in losses as COVID is expected to wipe out even more flights in the year ahead

November 24, 2020

Via: Fortune

Record airline losses from the coronavirus outbreak will balloon further next year as anticipated vaccination programs take time to revive travel demand, according to the industry’s main trade group. The International Air Transport Association on Tuesday predicted carriers will lose […]


Industries, Others

Biden infrastructure package in jeopardy as bi-partisan cooperation fails to launch

November 23, 2020

Via: Fortune

Union leaders and transportation advocates have looked to President-elect Joe Biden and his former Senate colleague Mitch McConnell for possible action next year on a major infrastructure package. Yet, as President Donald Trump and allies including McConnell refuse to recognize […]


Industries, Others

Boeing jumps 6% after its 737 Max plane receives FAA approval to fly again

November 18, 2020

Via: Markets Insider

Boeing reached a big milestone on Wednesday after the Federal Aviation Administration officially approved the ungrounding of the 737 MAX airplane. The move came 20 months after the initial grounding in March 2019 following two deadly crashes that shook both […]


Industries, Others

Home construction up 4.9% in October to 1.53 million

November 18, 2020

Via: ABC News

Home construction rose 4.9% in October as home building remains as one of the bright spots of the economy. The increase pushed home construction to a seasonally adjusted annual rate of 1.53 million homes and apartments and followed a more […]


Industries, Others

Airlines saw an immediate boost in passenger bookings following vaccine announcements

November 17, 2020

Via: Fortune

Good news on the vaccine front has had an immediate and tantalizing effect on the travel sector, suggesting many passengers are raring to get going again. On Tuesday, the U.K.-based low-cost airline EasyJet issued results that were mostly gloomy—it posted […]


Industries, Others

China’s clampdown on Internet industry has cost tech giants $200 billion

November 11, 2020

Via: Fortune

Chinese technology shares tumbled for a second day after Beijing clamped down on the internet industry, wiping out more than $200 billion of value. The Hang Seng Tech Index slumped 5.3% on Wednesday in Hong Kong, taking its two-day loss […]


Industries, Others

Marriott’s Revenue Per Available Room Drops 65.9 Pct In Q3

November 6, 2020

Via: PYMNTS.com

Marriott International, Inc. reported on Friday (Nov. 6) as part of its Q3 earnings that revenue per available room (RevPAR) fell 65.9 percent globally, 65.4 percent in North America and 67.4 percent beyond North America, in contrast to Q3 2019. […]


Industries, Others

Uber, Lyft spend big, win in California vote about drivers

November 4, 2020

Via: ABC News

Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees eligible for benefits and job protections. […]


Industries, Others

Pinterest stock rockets toward best day on record as analysts cheer ‘valuable and growing’ user base

October 29, 2020

Via: Market Watch

Pinterest Inc. shares are zooming toward their best day on record Thursday after the company easily topped expectations for user growth, revenue, and earnings. Shares of Pinterest PINS, 33.50% are up 38% in Thursday morning trading to roughly $68. The […]


Industries, Others

Dunkin’ shares hit all-time high after holding buyout talks

October 26, 2020

Via: ABC News

The Dunkin’ doughnuts and coffee chain confirmed it’s held talks to be taken private by a private equity firm, sending shares rocketing to an all-time high at the opening bell Monday. Dunkin’ Brands Group said it’s in preliminary discussions with […]