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11:35 p.m. Nov. 28, 2021 - By Barbara Kollmeyer
WHO warns of 'severe consequences' from omicron surges, urges widespread testingThe World Health Organization is urging countries to start widely testing in communities to gauge whether the new omicron variant is circulating, in it released on Sunday. "Given mutations that may confer immune escape potential and possibily transmissibility advantage, the likelihood of potential further spread of omicron at the global level is high. Depending on these characteristics, there could be future surges of COVID-19, which could have severe consequences, depending on a number of factors including where suges may take place. The overall global risk to the new VOC [variant of concern] omicron is assessed as very high." The body urged member states to not only start testing widely, but to accelerate vaccination coverage as fast as possible, espcially among high-risk individuals. Masks, distancing, ventilation of outdoor spaces and crowd avoidance are among the measures country should follow, as well as a risk-based approach to adjust international travel measures in a timely manner.
10:28 p.m. Nov. 25, 2021 - By Barbara Kollmeyer
European stocks slump with travel names hard hit as investors fret over new COVID variantEuropean stocks fell sharply early Friday, with heavy losses for travel stocks and energy names after a new potentially highly contagious variant of COVID was detected in South Africa. The Stoxx Europe 600 index slid 3.8% to 465, with the German DAX down 3.5%, the French CAC 40 sliding 4.3% and the FTSE 100 index down 3.4%. The U.K. has announced it will halt travel from South Africa and several other African countries as of Friday. Shares of International Consolidated Airlines slid 10%, cruise operator Carnival slumped 16% and Deutsche Lufthansa dropped 12%. Energy names also weighed heavily as crude fell more than 5% to $73.91 a barrel. BP shares fell 8%.
6:59 a.m. Nov. 25, 2021 - By Barbara Kollmeyer
EU proposes nine-month time limit on validity of COVID vaccinations for travelThe European Union has announced proposals that would put a nine-month time limit on COVID vaccinations for travelers in and out of the bloc. After that point, boosters would be required, the European Commission recommended, in a . "The 9-month period takes into account the guidance of the European Centre for Disease Prevention and Control (ECDC) on the administration of booster doses as of 6 months, and provides for an additional period of 3 months to ensure that national vaccination campaigns can adjust and citizens can have access to boosters," the statement said. Also on Thursday, the Commission from outside the EU, saying travel should reopen by Jan. 10 to those who have World Health Organization approved shots, but that an additional proof of negative PCR test will also be required.
5:39 a.m. Oct. 8, 2021 - By Tomi Kilgore
Avis Budget stock surges to another record, has nearly doubled over the past three monthsShares of Avis Budget Group Inc. shot up 7.3% in morning trading Friday, putting them on track for an eighth record close in the past month, and enough to pace the Dow Jones Transportation Average's gainers. The auto rental company's stock has been by far the best performer among the Dow transports components over the past three months (up 92.4%), year to date (up 263.8%) and for the past year (up 335.3%), while the Dow transports has gained 0.9%, 16.8% and 24.2% over the same periods, respectively, and the Dow Jones Industrial Average has gained 1.0%, 13.6% and 22.3%. On a bright note for Avis, the out earlier Friday showed "notable job gains" in the leisure and hospitality and transportation sectors. And analyst Michael Linenberg at Deutsche Bank said after a recent pullback, corporate airline bookings are "once again on the upswing" and are now approaching levels last seen in early July before the most recent surge in COVID-19 cases. Growth recreational and business travel can be a good sign for car rental companies.
8:42 a.m. Sept. 16, 2021 - By Tomi Kilgore
American Express stock rises to pace the Dow's gainers after BofA backs away from bearish stanceShares of American Express Co. rose 0.8% in afternoon trading Thursday, enough to pace the Dow Jones Industrial Average gainers, after BofA Securities analyst Mihir Bhatia backed away from from his bearish view on the charge card and travel-related services company, citing a now "balanced" risk-reward profile. The stock has lost 4.6% since the end of July, while the SPDR Financial Select Sector ETF has gained 3.4% and the S&P 500 has tacked on 1.4%. Bhatia attributed the stock's recent underperformance to fears that the recent spike in COVID-19 cases would slow the economic recovery and hurt AmEx's billings. "However, at a conference appearance this week, [AmEX] noted that [quarter-to-date] total billings are up 3% vs. 2019 levels (an acceleration from -2% in 2Q)," Bhatia wrote in a research note. "This was better than feared." He added that while a slower recovery and higher corporate taxes are remain near-term risks, the company is likely to also benefit from increased travel spending, particularly by large businesses, in 2022.
9:07 a.m. Sept. 8, 2021 - By Jacob Passy
Fed's Beige Book says economic growth dropped to 'a moderate pace'Economic growth slowed to a moderate pace in early July through August, according to the latest edition of the Federal Reserve's Beige Book that was released Wednesday. The central bank noted that safety concerns tied to the delta variant of COVID-19 prompted a pullback in dining out and travel, which weigh on the greater economy. Supply shortages, including limited inventories of automobiles and homes for sales, also contributed to the economy's retreat from its stronger pace of growth earlier this year. At the same time, businesses reported to the Fed that they were finding it easier to pass cost increases along to consumers via higher prices. The central bank noted that inflation was "steady at an elevated pace."
7:25 a.m. July 6, 2021 - By Tomi Kilgore
American Express stock paces the Dow's winners after Goldman analyst turns bullishShares of American Express Co. rose 0.7% toward a record close in midday trading Tuesday, after Goldman Sachs analyst Ryan Nash turned bullish on the financial and travel services company, citing expectations of a "big pickup" in consumer spending. The stock was the biggest advancer among the three of 30 Dow Jones Industrial Average members gaining ground. Goldman's Nash upgraded AmEx to buy from neutral, as his $225 stock price target implied a near-33% gain from current levels. While AmEx (AXP) has laid out expectations to reach its original goals for 2020 in 2022, with the economy improving meaningfully and "a big pick-up in consumer spending" since AXP gave this guidance in January 2021, he believes the company is poised to exceed its original 2020 expectations of earnings per share of $8.85 to $9.25 by 2022, given accelerating consumer spending, improving small and medium business spending and benign credit. "In fact, we believe AXP has the potential to see ~$10.00 in EPS in 2022 and double-digit growth beyond then as the multi-year recovery in [travel and entertainment] as well as robust growth in goods and services makes up for 'lost ground' in 2020," Nash wrote in a note to clients. The stock's gain comes as the SPDR Financial Select Sector ETF slumped 1.7% in midday trading and the Dow dropped 367 points, or 1.1%. The stock last closed at a record of $169.45 on June 25.
3:14 a.m. May 3, 2021 - By Barbara Kollmeyer
EU proposes lifting restrictions for non-essential travel The European Commission on Monday proposed allowing entry by non-essential travelers to the region, in a bid to restart tourism in some of its hardest hit countries. "The Commission proposes to allow entry to the EU for non-essential reasons not only for all persons coming from countries with a good epidemiological situation but also all people who have received the last recommended dose of an EU-authorised vaccine," said the body in a . The EU proposes lifting the threshold linked to the number of new COVID-19 cases used in determining a list of countries from which all travel should be allowed. The EU also proposed an "emergency brake" mechanism, that would allow member states to act quickly over COVID-19 variants to temporarily limit travel from affected countries.
5:37 a.m. April 29, 2021 - By Andrea Riquier
CDC announcement lifts cruise-line operators, but few travel ETFsShares of cruise-line operators charged higher Thursday as the Centers for Disease Control and Prevention said cruise ships might sail as soon as the summer. But with cruise stocks held so diffusely among various exchange-traded funds, few participated in the rally. Carnival Corporation shares were 2% higher, Royal Caribbean Group shares rose 1.2%, and Norwegian Cruise Line Holdings Ltd. jumped 3.6% midmorning. The ETF that may have one of the largest allocations to the sector, the AdvisorShares Hotel ETF , at 9.3%, gained 0.3%, as did the Invesco S&P 500 Equal Weight Consumer Disrectionary ETF , which has the largest single allocation to Norwegian shares, according to FactSet data. Most other travel-specific ETFs focus on the booking infrastructure, like the ETFMG Travel Tech ETF or airlines, like the U.S. Global Jets ETF .
12:23 p.m. March 25, 2021 - By Andrew Keshner
Real-estate agents are rethinking decades of advice on pools and how COVID-19 rewrote American shopping lists Thursday’s Personal Finance Stories Thursday’s Personal Finance StoriesThursday’s Personal Finance Stories.
1:15 p.m. March 24, 2021 - By MarketWatch
You won’t be allowed on board a cruise without a COVID-19 vaccination and how paid-leave and child-care policies failed to close the gender pay gap Wednesday’s Personal Finance Stories Wednesday’s Personal Finance StoriesWednesday’s Personal Finance Stories.
12:15 p.m. March 23, 2021 - By Andrew Keshner
Over 90% of CEOs want to know the employee answer to this question and a person with a COVID vaccine will get a Krispy Kreme doughnut every day this year Tuesday’s Personal Finance Stories Tuesday’s Personal Finance Stories Tuesday’s Personal Finance Stories.
12:05 p.m. March 22, 2021 - By Elisabeth Buchwald
7 things NOT to buy with your $1,400 stimulus check and existing-home sales fall as inventory remains a challenge for buyers Monday’s top personal finance stories Monday’s top personal finance stories Monday’s top personal finance stories
12:22 p.m. March 19, 2021 - By Jacob Passy
New CDC guidelines could mean more kids in classrooms and COVID-19 long haulers face financial uncertainty Friday's top personal finance stories Friday's top personal finance storiesFriday's top personal finance stories
2:20 p.m. March 18, 2021 - By Jacob Passy
A ray of hope for people worried they missed a valuable tax break and Biden administration to cancel student debt held by scammed borrowers Thursday's top personal finance stories Thursday's top personal finance storiesThursday's top personal finance stories
12:14 p.m. March 17, 2021 - By Elisabeth Buchwald
The Fed plans to keep interest rates low — here’s why mortgage rates could rise anyway and Sanders to CEOs: Pay workers more or pay the government more Wednesday’s top personal finance stories Wednesday’s top personal finance stories Wednesday’s top personal finance stories
1:12 p.m. March 16, 2021 - By Elisabeth Buchwald
Renters in these cities could save up to $5,000 by signing a lease now and Wells Fargo defends stimulus-check delay Tuesday’s top personal finance stories Tuesday’s top personal finance stories Tuesday’s top personal finance stories
12:16 p.m. March 15, 2021 - By Jacob Passy
How your company can make working from home even better and what to do if you find an old lien on your home Monday's top personal finance stories Monday's top personal finance storiesMonday's top personal finance stories
1:04 p.m. March 12, 2021 - By Jacob Passy
What you can do if your income just over the threshold for the $1,400 stimulus check and 4 in 10 jobless workers are experiencing long-term unemployment Friday's top personal finance stories Friday's top personal finance storiesFriday's top personal finance stories
3:00 p.m. March 11, 2021 - By Jacob Passy
Texas abandons COVID-19 mask mandate with health experts saying that’s a bad idea and why the last batch of housing aid hasn’t fully made its way to renters yet Thursday's top personal finance stories Thursday's top personal finance storiesThursday's top personal finance stories
11:53 a.m. March 10, 2021 - By MarketWatch
Heed this warnings if your kids want to buy Roblox stock and why health experts say the abandoned mask mandate in Texas is a really bad idea Wednesday’s Personal Finance Stories Wednesday’s Personal Finance StoriesWednesday’s Personal Finance Stories.
12:32 p.m. March 9, 2021 - By Andrew Keshner
What to do if your income is just over the threshold for the $1,400 stimulus check and how the ‘nationalization of leases’ could hurt renters amid the pandemic Tuesday's Personal Finance Stories Tuesday's Personal Finance StoriesTuesday's Personal Finance Stories.
12:19 p.m. March 8, 2021 - By Elisabeth Buchwald
COVID-19 relief bill will close loophole that critics say created ‘a perverse incentive’ for for-profit colleges and here’s how to help the women in your life get ahead at work Monday’s top personal finance stories Monday’s top personal finance stories Monday’s top personal finance stories
1:16 p.m. March 5, 2021 - By Meera Jagannathan
I found an old lien on my home from a past refinance. How do I get rid of it? and millions of Americans, still hurting from COVID-19, say normalcy is years away Friday’s top personal finance stories Friday’s top personal finance storiesFriday’s top personal finance stories
12:31 p.m. March 4, 2021 - By Meera Jagannathan
Fewer Americans will get a stimulus check this time around — here’s exactly how many, and mortgage rates soar above 3% — how high can they go before they scare off homebuyers? Thursday’s top personal finance stories Thursday’s top personal finance storiesThursday’s top personal finance stories
1:39 p.m. March 3, 2021 - By Meera Jagannathan
3 women allege Andrew Cuomo sexually harassed them — what do you do if it happens to you? and Did you refinance your mortgage last year? Here’s how it could affect your taxes Wednesday’s top personal finance stories Wednesday’s top personal finance storiesWednesday’s top personal finance stories
1:16 p.m. March 2, 2021 - By Meera Jagannathan
Americans scroll Amazon and Walmart for bargains — yet choose pricey healthcare services and throw away hundreds of dollars, and Texas AG sues energy provider over ‘sky-high’ rates after massive winter storm Tuesday’s top personal finance stories Tuesday’s top personal finance storiesTuesday’s top personal finance stories
12:45 p.m. March 1, 2021 - By Meera Jagannathan
U.S. consumers made a record number of complaints in 2020, and 11 million Americans face an unemployment-benefits ‘cliff’ if lawmakers don’t extend COVID-19 relief programs Monday’s top personal finance stories Monday’s top personal finance storiesMonday’s top personal finance stories
12:58 p.m. Feb. 26, 2021 - By Andrew Keshner
People can’t file their income taxes fast enough and COVID-19 has put ‘financially vulnerable’ Americans on even shakier footing Friday’s Personal Finance Stories Friday’s Personal Finance StoriesFriday’s Personal Finance Stories.
1:00 p.m. Feb. 25, 2021 - By Jacob Passy
Mortgage rates soar to the highest level in nearly six months and 6 million people aren’t eligible for a COVID-19 pause on student-debt payments Thursday's top personal finance stories Thursday's top personal finance storiesThursday's top personal finance stories
12:43 p.m. Feb. 24, 2021 - By Elisabeth Buchwald
Many Texans face sky-high electricity bills after winter storms and IRS has already received 55 million tax returns ahead of April 15 deadline Wednesday’s top personal finance stories Wednesday’s top personal finance stories Wednesday’s top personal finance stories
6:28 a.m. Feb. 24, 2021 - By Andrea Riquier
Reopening ETFs rally as vaccine news gathers paceExchange-traded funds with exposure to travel, entertainment, and other industries likely to benefit from the end of COVID-19 lockdowns jumped Wednesday on news that Johnson & Johnson's vaccine was headed for emergency authorization. The ETFMG Travel Tech ETF , which holds shares of companies that help enable the travel experience, was up 3.1% at midday. AWAY is the largest holder of shares of Airbnb, Inc. , which gained nearly 8% Wednesday. The Invesco Dynamic Leisure & Entertainment ETF , which holds casino and hotel stocks, was up 0.9%. And the Invesco S&P 500 Equal Weight Consumer Discretionary ETF , which has some of the biggest holdings of cruise-ship companies like Royal Caribbean Group , rose 0.6%.
12:00 p.m. Feb. 23, 2021 - By Andrew Keshner
Billionaire philanthropy is a ‘PR scam’ says CEO who raised workers’ minimum pay to $70,000 and the hidden financial drawback to remote work Tuesday’s Personal Finance Stories Tuesday’s Personal Finance StoriesTuesday’s Personal Finance Stories.
1:24 p.m. Feb. 22, 2021 - By Andrew Keshner
Many teachers were already leaving profession due to stress and then COVID-19 hit and should we skip our undeserving children and leave everything to our grandkids instead? Monday’s Personal Finance Stories Monday’s Personal Finance StoriesMonday’s Personal Finance Stories.
12:52 p.m. Feb. 19, 2021 - By Andrew Keshner
Mortgage rates soar to highest level in months and Democratic lawmakers ask IRS to postpone tax-filing deadline Friday’s Personal Finance Stories Friday’s Personal Finance StoriesFriday’s Personal Finance Stories.
12:29 p.m. Feb. 18, 2021 - By Jacob Passy
Yes, your employer can require you to get a COVID-19 vaccine and mortgage rates soar to highest level in months Thursday's top personal finance stories Thursday's top personal finance storiesThursday's top personal finance stories
1:33 p.m. Feb. 17, 2021 - By Jacob Passy
The IRS says it’s done sending stimulus checks for now and Biden shoots down proposal to cancel student debt Wednesday's top personal finance stories Wednesday's top personal finance storiesWednesday's top personal finance stories
12:03 p.m. Feb. 16, 2021 - By Jacob Passy
How to decide whether to file taxes early or wait and here’s why American credit scores continue to rise as economy struggles Tuesday's top personal finance stories Tuesday's top personal finance storiesTuesday's top personal finance stories
11:32 a.m. Feb. 12, 2021 - By Elisabeth Buchwald
A majority in the U.S. personally know somebody who has been vaccinated against COVID-19 and watch out for these key dates Friday’s top personal finance stories Friday’s top personal finance storiesFriday’s top personal finance stories
2:11 p.m. Feb. 11, 2021 - By Elisabeth Buchwald
Last-minute strategies for lowering your 2020 business tax bill and majority of jobless Americans chose going back to work over receiving the extra $600 unemployment benefit Thursday’s top personal finance stories Thursday’s top personal finance stories Thursday’s top personal finance stories
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