8:33 a.m. Today8:33 a.m. July 11, 2020
- By Quentin Fottrell
With resurgence of COVID-19 cases in the U.S., Trump signals rift with Fauci: ‘He’s made a lot of mistakes’ Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said he has not briefed the president since June 2Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said he has not briefed the president since June 2.
7:46 a.m. Today7:46 a.m. July 11, 2020
- By Sara Ventiera
The 10 most affordable beach towns in America for retirees From the peaceful dunes of Cape Cod to the wild cliffs of the Pacific Northwest, these are the top affordable beach towns and cities where retirees can kick backFrom the peaceful dunes of Cape Cod to the wild cliffs of the Pacific Northwest, these are the top affordable beach towns and cities where retirees can kick back.
7:30 a.m. Today7:30 a.m. July 11, 2020
Barron’s 2020 Midyear Roundtable: 37 Picks From Our Investment Pros
Near-zero interest rates have favored growth stocks this year, while leaving value names in the dust. Our 10 panelists say this has created ample opportunities to invest in good companies selling at deep discounts.
7:26 a.m. Today7:26 a.m. July 11, 2020
- By Tonya Garcia
Philip Morris says cigarette sales in many places could end in a decade and they’ve got a ‘safer’ product to replace them The Marlboro maker wants to move cigarette smokers to its heated tobacco products in the years aheadPhilip Morris is encouraging stakeholders to work with them to move smokers to cigarette alternatives at a time with cigarette consumption is declining.
5:50 a.m. Today5:50 a.m. July 11, 2020
- Associated Press
Storm clouds hang over Trump’s attempted campaign reboot Trump postponed a planned Saturday rally in Portsmouth, New Hampshire,Friday was supposed to be the day President Donald Trump’s campaign reboot itself got a reboot. Instead, it hit another snag.
5:14 a.m. Today5:14 a.m. July 11, 2020
- By Lina Saigol
Barbados is offering your cure for the work-from-home blues Government proposes scheme after pandemic destroys Caribbean tourism sectorGovernment considers “Barbados Welcome Stamp” to allow visitors to work from the Caribbean island for a year.
4:00 a.m. Today4:00 a.m. July 11, 2020
- By Jeffry Bartash
Coronavirus spike in the dog days of summer sap economy of momentum U.S retail sales, consumer sentiment to give fresh clues on economySummer doldrums are taking on a whole new meaning during the coronavirus pandemic. The momentum in the U.S. economy appears to have melted away.
11:20 a.m. July 10, 2020
- Associated Press
Trump cites weather in canceling New Hampshire rally set for Saturday, visiting battleground Florida on FridayPresident Donald Trump made it to the critical battleground state of Florida on Friday to raise campaign cash and tend to issues of high interest there for his base supporters. But his efforts to relaunch travel after a hiatus caused by a new surge in coronavirus cases hit a new snag as his campaign canceled a weekend rally in New Hampshire, citing a tropical storm threatening the area.
10:53 a.m. July 10, 2020
- By Laurie Kahle
Summertime Blues: Five Cool New Watches for a Hot SummerThese timepieces are sure to dazzle this season
9:28 a.m. July 10, 2020
- By Archie Mitchell
Greyhound owner says Trump rhetoric caused less immigration, forcing $156 million write-down Greyhound owner FirstGroup said it had reduced the coach operator’s value by £124.4 million due to reduced immigration at the southern U.S. borderPresident Trump’s comments on immigration, including about building a wall between Mexico and the U.S., contributed to a £124 million write-off at intercity coach operator Greyhound.
8:39 a.m. July 10, 2020
Airline Stocks Rise on Coronavirus Treatments and Cost-Cutting
Airline stocks finally caught a break on Friday, rising on evidence of more cost-cutting by cash-strapped carriers.
8:03 a.m. July 10, 2020
- By McCall Robison
How to make sure your credit is strong before and during retirement 4 reasons good credit matters to retireesBad credit can ruin your retirement. Here are some steps to take to make sure that doesn’t happen.
7:44 a.m. July 10, 2020
American Airlines Might Cancel Some Boeing 737 MAX Orders
The Wall Street Journal reported that American Airlines is considering canceling some orders for the Boeing 737 MAX jet. That would be a fresh blow for the commercial aerospace giant and for the troubled new jet.
6:42 a.m. July 10, 2020
- By Tonya Garcia
American Airlines could cancel some Boeing orders: WSJAmerican Airlines Group Inc. is threatening to cancel some orders of the Boeing Co. 737 Max jet due to financing troubles, . American Airlines ordered 17 of the planes for delivery this year, but has struggled to secure the money to pay for them. With travel halted for many consumers due to the coronavirus, airlines and other companies in the travel industry have been under pressure. United Airlines Holdings Inc. announced this week that it could furlough 36,000 workers in October due to diminished demand. American Airlines stock stock has plummeted more than 60% for the year to date. Boeing shares are down 46.3%. And the Dow Jones Industrial Average has slumped 9.5% for the period.
6:32 a.m. July 10, 2020
- By Davide Mamone
‘As soon as I said I was Italian, he looked at me like I was a plague spreader:’ For these Italians, the threat of COVID-19 struck twice ‘It was easy to recognize people from Italy on New York City’s streets in early March — they were the ones who already wore masks, used gloves and practiced social distancing because they acknowledged the crisis that was coming’‘It was easy to recognize people from Italy on New York City’s streets in early March — they were the ones who already wore masks, used gloves and practiced social distancing because they acknowledged the crisis that was coming.’
6:24 a.m. July 10, 2020
Buy Foot Locker Stock, but Not Because It’s a Good Company
Some footwear and athleisure stocks look well positioned during and coming out of the coronavirus crisis, especially those with a loyal following.
4:30 a.m. July 10, 2020
3 Retail Stocks That Sell More Than Just the Product
Selling the experience—not just the product—was supposed to be how a retailer survived in the age of Amazon.com. Perhaps it still can be.
4:16 a.m. July 10, 2020
Rolls-Royce Has Been a Mess. One Firm Says It’s Time to Stop Shorting.
Rolls-Royce has had a difficult 12 months, even before the Covid-19 pandemic destroyed aviation demand. But the share price drop may reflect the concerns.
1:02 a.m. July 10, 2020
- By Philip Reed
Your complete guide to getting a great deal on a used car New shopping tools and always-expanding data sources make spotting a bargain easier than ever beforeIf you know where to look and how to shop, you can find that diamond in the rough.
12:33 p.m. July 9, 2020
Dow Falls, Nasdaq Rises as New Jobless Claims Remain High
U.S. stocks closed mixed on Thursday as unemployment claims stabilized but remain staggeringly high.
11:17 a.m. July 9, 2020
Federal Unemployment Checks May Soon Run Out. 11 Stocks That Should Hold Up.
Consumer spending could take a hit this summer as federal unemployment benefits run out for millions of Americans.
11:06 a.m. July 9, 2020
- By Ciara Linnane
Coronavirus update: Global cases of COVID-19 top 12 million, and WHO warns pandemic is ‘not under control’ ‘We have to shut down again and bring the U.S. back up slowly, in a measured way,’ says Michael OsterholmThe number of confirmed cases of the illness caused by the coronavirus rose above 12 million on Thursday, as the World Health Organization warned that the pandemic is still accelerating and most countries do not have it under control.
10:47 a.m. July 9, 2020
Airline Stocks Fall as Hopes for a Quick Rebound Fade
A leisure-travel recovery extending beyond the summer is looking dicier.
10:25 a.m. July 9, 2020
- By Virginia K. Smith
Closed attractions and travel restrictions put New York City’s $70 billion tourism industry on hold indefinitely A cornerstone of the city’s economy has slammed to a halt with no clear end in sightWith theaters, museums and stadiums closed, the city looks nothing like its usual self at the height of the summer tourist season.
9:42 a.m. July 9, 2020
- By Silvia Ascarelli
We’re looking for a place that’s not too hot, not too cold, and accepting of different races — where should we retire? Looking for ideas on the best place for you to retire? Email HelpMeRetire@marketwatch.comMarketWatch suggests cities across the country.
9:38 a.m. July 9, 2020
- By Alessandra Malito
I have a seven-figure nest egg — am I saving too much for retirement? A big pile of money is great, but it raises questionsA big pile of money is great, but it raises questions
9:36 a.m. July 9, 2020
- By CD Moriarty
There is more to picking a place to retire than low taxes — avoid these 5 expensive mistakes It starts with the hidden cost of moving. And then doing it more than once.It starts with the hidden cost of moving. And then moving more than once.
6:08 a.m. July 9, 2020
United Isn’t Alone. A Wave of Layoffs Could be Coming.
A wave of layoffs seems to be coming in the airline industry as new domestic quarantine rules slow the travel rebound.
5:21 a.m. July 9, 2020
- By Tomi Kilgore
Allegiant Travel's stock rises after upbeat June bookings, cash burn resultsShares of Allegiant Travel Co. rose 1.0% in premarket trading Thursday, after the air-related travel services company reported June bookings that exceeded its expectations, resulting in improved load factor and cash burn. Allegiant said average bookings for June were more than $4 million per day, which "exceeded our expectations," to lift the average daily gross bookings for the second quarter to over $2.5 million. That helped bring the average daily cash burn rate for the quarter to $900,000, compared with the previous forecast of $1.75 million. Meanwhile, bookings were negatively impacted over the last two weeks after several states reported increases in COVID-19 cases, which has "tempered expectations into the third quarter." The company said June load factor was 57.3%, up nearly 10 percentage points from May. For the third quarter, average daily cash burn is expected to be about $750,000 and the company expects to operate about 75% of its schedule. The stock has dropped 36.7% year to date through Wednesday, while the U.S. Global Jets ETF has shed 48.2% and the S&P 500 has eased 1.9%.
Allegiant Travel June load factor 57.3%, up nearly 10 percentage points from May
5:09 a.m. July 9, 2020
Allegiant Travel Q3 expectations 'tempered' as COVID-19 cases have been increasing
5:08 a.m. July 9, 2020
Allegiant Travel June bookings averaged $4 mln per day, 'exceeded' co.'s expectations
5:07 a.m. July 9, 2020
4:53 a.m. July 9, 2020
The Dow Is Dipping, but At Least the Nasdaq Is Hitting Another Record High
The S&P 500 and the Dow Jones Industrial Average looked a bit wobbly ahead of Thursday’s open. The Nasdaq did not.
3:53 a.m. July 9, 2020
Aircraft Engine Maker Rolls-Royce Says Covid Impact Will Last 7 Years
Rolls-Royce stock tumbled on Thursday, as the aircraft-engine maker warned the “historic shock” of Covid-19 could impact the company for the next seven years.
3:48 a.m. July 9, 2020
Barron’s Daily: Don’t Bet Against Musk and Full Autonomous Cars
Debate over sending children back to school intensifies, a belated uptick in deaths, airlines in distress, and other news to start your day.
2:44 a.m. July 9, 2020
- By Tomi Kilgore
Carnival to restart sailing operations in August with 3 Aida cruisesCarnival Corp. said Thursday that its Germany-based cruise line AIDA Cruises will resume operations in August, with three ships set to restart sailing. AIDAperla will set sail on Aug 5 from Hamburg, followed by AIDAmar on Aug. 12 from Rostock-Warnemünde and AIDAblue on Aug. 16 from Kiel. Books for the cruises start Thursday. The restart will be the first since operations were paused industry wide in mid-March as a result of the COVID-19 pandemic. Measures the company has introduced in addition to existing health and hygiene standards include a health questionnaire prior to the cruise, temperature measurements before check-in for guests and crew, physical distancing guidelines and closely managing capacities at onboard restaurants, bars, theaters and other venues. Carnival's stock, which slipped 0.2% in premarket trading, has tumbled 69.9% year to date through Wednesday, while the S&P 500 has slipped 1.9%.
1:00 a.m. July 9, 2020
Podcast: Twitter Teases Subscription Service and Stock Soars
Allstate announced it would pay $4 billion for competing insurer National General Holdings. Twitter stock rallied amid news it could launch a subscription service. And United Airlines takes a nose dive.
10:44 p.m. July 8, 2020
Rolls-Royce: Civil aerospace business demand fallsRolls-Royce Holdings PLC said Thursday that its Civil Aerospace business has experienced a significant fall in demand due to the coronavirus pandemic during the first half, and that it saw a low double-digit decline in Power Systems revenue.
4:55 p.m. July 8, 2020
- Associated Press
United Airlines warns 36,000 workers they could be furloughed this fall Latest indication that airline industry is still far from returning to normalUnited Airlines is warning 36,000 employees — nearly half its U.S. staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry.
3:30 p.m. July 8, 2020
- Associated Press
Ivy League cancels fall sports due to pandemic First Division I conference to scrub sports, but more could followThe Ivy League on Wednesday became the first Division I conference to say it will not play sports this fall because of the coronavirus pandemic, a person with knowledge of the decision told The Associated Press. The league left open the possibility of moving some seasons to the spring if the outbreak is better controlled by then.