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Stories about Finance

Apr 06 2020

Ryanair Traffic Fell By Almost 50% In March

The 300 million euro exceptional charge it will take for 2020 relates to the ineffectiveness on its 2021 fuel hedges. It has already implemented several measures to cut...

Apr 03 2020

Trump expects Saudi, Russian oil production cuts after phone call

The US president tweeted "I expect & hope" the two countries would agree to cut supply by 10 million barrels "and maybe substantially more". Saudi Arabia is only a coup...

Apr 02 2020

Dow Jones falls about 800 points upon opening

The final test comes from the evolution of the coronavirus itself. The Fed has promised to buy as many Treasuries as it takes to get lending markets working smoothly ...

Apr 02 2020

Crude Oil Slumps Back Near 18 Year Lows

Oil prices fell on Monday, with USA prices briefly dropping below $20 a barrel and global benchmark prices for Brent oil falling to an 18-year low. According to th...

Apr 01 2020

Gas prices falling in Tennessee as COVID-19 slows travel demand

DeHaan predicted the national average price could fall by 50 cents to $1 per gallon. "The cost for gasoline has dramatically declined in the past month, and there are e...

Apr 01 2020

Air Canada to lay off another 16,500 workers, slash capacity by 90%

Earlier this month, Air Canada's flight attendants union said 5,149 cabin crew would be temporarily laid off because of the COVID-19 outbreak. Calgary-based WestJet ann...

Mar 31 2020

Macy's to furlough majority of its 130,000 workers

The company, which operates the Macy's, Bloomingdale's and Bluemercury chains, closed its stores effective March 18. All Macy's brands - including Macy's, Bloomingdal...

Mar 30 2020

Still on the Saudi Arabia, Russia crude oil price feud

The two worldwide benchmarks were down almost two thirds this year as the coronavirus-related slump in economic activity and fuel demand has forced investment retrenchmen...

Mar 29 2020

Consumer Cos Down As Cruise Lines Resume Slide -- Consumer Roundup

Even so, the cruise industry wasn't complaining Friday about being left out of the funding package. Carnival chief executive Arnold Donald recently said: "We don't need...

Mar 28 2020

Who qualifies for a relief check in the $2 trillion stimulus package?

The bill , which still needs to be passed by the House of Representatives and signed by the President before it goes into effect, consists of more than 400 pages of l...

Mar 28 2020

Oregon Seeing Record Number Of Unemployment Claims

The previous high was 8,945 for the week ending January 10, 2009. While the state had some of the first cases of the virus in the nation from travelers coming from the ...

Mar 27 2020

US stocks open with 3rd straight day of gains

GOP Senators Tim Scott, Ben Sasse and Lindsey Graham demanded changes, saying the legislation as written "incentivizes layoffs" and should be altered to ensure employees ...

Mar 26 2020

Pelosi Warms Up To Senate Coronavirus Relief Bill

Stocks rallied on the news that a deal was near, with the Dow Jones Industrial Average up more than 11% Tuesday afternoon. - Up to $500 billion in "liquidity assistance...

Mar 26 2020

Coronavirus France: Lockdown is 'likely' to last SIX WEEKS

French President Emmanuel Macron spoke by telephone with his Chinese counterpart Xi Jinping on Monday, after Saudi Arabia, which now presides over the G20, last week ca...

Mar 26 2020

Oil prices up on $2 trillion USA stimulus optimism

API estimated a surprise draw of 1.247 million barrels in the US crude oil inventory for the week ending March 21, with a build of 2.774 million barrels. The Dallas Fed...

Mar 25 2020

Fed president: Unemployment might reach 30%, surpassing Great Depression levels

The Fed is creating new programs for the almost 5,200 FDIC- insured USA banks, as well as finance companies and corporations to stave off business bankruptcies and keep e...

Mar 23 2020

Gas Price Drops Below A Dollar At One Gas Station

However, because the two countries couldn't come to an agreement , a price war broke out, leading to the biggest-single-day drop in oil prices since 1991 on March 9. C...

Mar 22 2020

USA stocks open with gains for second straight day

The S&P 500 lost 4.34 percent. Both the S&P 500 and Dow Jones industrial average suffered their biggest weekly declines since 2008. The Nasdaq fell 995.36 points, o...

Mar 22 2020

Who Will Win The Oil Price War?

Companies like Continental Resources and Devon Energy, whose share prices were already under pressure, saw their market values cut in half after the outbreak of the price...

Mar 21 2020

United States fast-tracking antimalarials to treat coronavirus

The president has said repeatedly that Americans who need coronavirus tests can get them and vowed that his administration is rapidly scaling up production of testing k...