November 20, 2020 9:03 am
United Airlines (UAL) said in a Thursday filing that there had been an uptick in flight cancellations and a drop in bookings during the week ended November 18th, because of a recent surge in new coronavirus infections in the United States. United Air shares closed lower for the sixth time in the past ten trading […]
Read moreNovember 19, 2020 10:45 am
Futures on US West Texas Intermediate Crude Oil eased from yesterday’s one-week high on Thursday, as accelerating pandemic and tighter economic restrictions worldwide heightened concerns over weaker fuel demand, while overshadowing vaccine optimism. The latest data by the Center for Systems Science and Engineering at Johns Hopkins University showed total confirmed COVID-19 cases had already […]
Read moreNovember 19, 2020 8:52 am
American Airlines Group (AAL) announced on Wednesday plans to return Boeing Co’s 737 MAX to commercial flights by the end of the year, following an approval from the US Federal Aviation Administration to fly the aircraft again. The air carrier said it intended to resume non-commercial flights in early December, after which passenger flights would […]
Read moreNovember 18, 2020 11:14 am
Pfizer Inc (PFE) said that it had launched a pilot delivery program for its experimental COVID-19 vaccine in 4 US states, while the company attempts to deal with distribution challenges related with the vaccine’s frigid storage requirements. The vaccine, which has proven to be more than 90% effective against the COVID-19 disease based on preliminary […]
Read moreNovember 18, 2020 9:17 am
NZD/USD rose on Wednesday and hit a fresh 86-week high, despite that concerns over surging new COVID-19 infections tempered market optimism over vaccine progress. “Further positive vaccine-development news is still expected over the next few days or weeks, and it does lower the downside risk to global growth,” Citi strategist Johanna Chua said. “But near-term […]
Read moreNovember 17, 2020 11:20 am
Home Depot Inc (HD) said on Monday that it had agreed to acquire HD Supply Holdings Inc for nearly $8 billion, as the home improvement chain seeks to expand its construction and maintenance goods business. The company said it intended to offer $56 per share in cash to shareholders of HD Supply. Home Depot shares […]
Read moreNovember 17, 2020 9:14 am
AUD/USD, along with other risk assets, received a boost overnight after media reports stated that Moderna’s COVID-19 vaccine had had a 94.5% efficacy rate, according to preliminary results from a large late-stage clinical trial. The major pair was holding above the 0.7300 mark on Tuesday, after earlier touching a one-week high of 0.7334. “The Moderna […]
Read moreNovember 16, 2020 10:48 am
Having touched highs not seen since last Wednesday earlier on Monday, GBP/USD traded slightly lower in mid-European session, as Brexit negotiations resumed. Market mood remained optimistic due to hopes over a working COVID-19 vaccine and signs that the United Kingdom and the European Union might make progress in reaching a post-Brexit trade agreement. Investor optimism […]
Read moreNovember 16, 2020 8:32 am
General Motors Co (GM) said last Friday that it would recall 68,677 electric vehicles across the globe due to a risk of fire, after five cases of fires have already been reported. The recall is to affect Chevrolet Bolt electric vehicles, produced between 2017 and 2019, which are equipped with high voltage batteries made at […]
Read moreNovember 13, 2020 11:26 am
Spot Gold edged higher within a narrow trading range on Friday, supported by a surge in new COVID-19 infections across Europe and the United States. However, the yellow metal looked set to register its largest weekly loss since the business week ended on September 25th due to optimism over coronavirus vaccine progress. Spot Gold plummeted […]
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