CNBC’s Jim Cramer said Tuesday that some of the stock gains in the market are “insane,” with investors recently buying certain names from Tesla to Royal Caribbean seemingly without regard for fundamentals or the state of the coronavirus pandemic and holding onto them. “Where are the profit-takers” after these dizzying moves higher? the “Mad Money” … Read more
Promising developments on the vaccine front have sparked optimism that the pandemic’s end may be in sight. But if the market trends that immediately followed positive vaccine news are any indication, some sectors will benefit a lot more than others. Massachusetts-based biotech company Moderna said last week that its coronavirus vaccine was nearly 95% effective … Read more
SINGAPORE — Hong Kong is hopeful its next “air travel bubble” could be with mainland China, the executive director of the city’s tourism board has said. Dane Cheng told CNBC such plans would hinge on the success of the forthcoming Hong Kong-Singapore travel corridor. But he noted that adding a similar arrangement for quarantine-free travel … Read more
Two new Covid-19 testing programs may be the key to unlocking travel between the United States and Europe. Select passengers flying on American Airlines, British Airways and United Airlines flights are eligible to participate in testing programs that are evaluating whether preflight Covid-19 tests can be used to relax travel restrictions imposed by both countries. … Read more
A Boeing 737 MAX jet lands following a Federal Aviation Administration (FAA) test flight at Boeing Field in Seattle, Washington on June 29, 2020. Jason Redmond | AFP | Getty Images The Boeing 737 Max is nearing clearance to fly again after a 20-month ban prompted by two fatal crashes that sent the company into … Read more
An Emirates Airbus 380-800 about to land. Fabrizio Gandolfo | SOPA Images | LightRocket | Getty Images Emirates expects to return to profitability in the next two years, as new travel corridors open and the global aviation industry attempts to rebound from the worst crisis in its history. “I believe that within the next 18 … Read more
Andia | UIG | Getty Images With European markets expected to remain fairly volatile into the New Year, one institutional investor recommends using any dips to buy some “incredibly cheap” stocks. Stephen Isaacs, chairman of the investment committee at institutional advisory firm Alvine Capital, told CNBC’s “Squawk Box Europe” on Wednesday that he expects containment … Read more
A Boeing 777-312(ER) passenger plane belonging to the Singapore Airlines lands at Hong Kong International Airport on August 01 2018 in Hong Kong, Hong Kong. S3studio | Getty Images News | Getty Images SINGAPORE — Quarantine-free leisure travel between Hong Kong and Singapore will resume on Nov. 22, according to details of a bilateral air … Read more
A Boeing 737 MAX jet lands near grounded 737 MAX planes following Federal Aviation Administration (FAA) test flight at Boeing Field in Seattle, Washington on June 29, 2020. Jason Redmond | AFP | Getty Images The U.S. Federal Aviation Administration is in the final stages of reviewing proposed changes to Boeing‘s 737 Max and expects … Read more
American Airlines fleet services employees prepare to load cargo pallets on a 777-300 at Dallas/Fort Worth International Airport (DFW) bound for Frankfurt Airport in Germany during the cornoavirus (COVID-19) pandemic on March 20, 2020 in Dallas, Texas. Tom Pennington | Getty Images The coronavirus pandemic has created a global crunch in air cargo markets and … Read more