Retail investors are buying these stocks into the reopening, UBS says

A Southwest Airlines jet lands at Midway International Airport on January 28, 2021 in Chicago, Illinois. Scott Olson | Getty Images Small investors are betting on a strong recovery from the pandemic and buying into the stocks that should benefit the most, according to UBS. Source link

Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve

A Delta Airlines Boeing 757-251 approaches Washington Ronald Reagan National Airport (DCA) in Arlington, Virginia on February 24, 2021. Daniel Slim | AFP | Getty Images Delta Air Lines on Thursday reported another quarterly loss but said it expects to reach break even in June as travel demand rebounds from a deep pandemic slump. Here’s … Read more

Open middle seats could reduce Covid exposure of maskless air travelers, CDC study shows

View of the cabin of a Delta flight between Minneapolis and Baltimore on April 25, 2020. Sebastien Duval | AFP | Getty Images Keeping middle seats open on aircraft could reduce passengers’ exposure to the virus that causes Covid-19 by more than half, according to a new study published Wednesday. Researchers from the Centers for … Read more

Earning season is about to get underway and that could be a positive catalyst for stocks

A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters The earnings reporting season gets underway in the week ahead, and it is expected to be a positive catalyst that could continue to send stocks higher for now. The … Read more

Broad-based rally, strong economic data leave traders questioning how much further stocks can run

Traders on the floor of the New York Stock Exchange. Source: NYSE Is this as good as it gets?  It seems like everything is working, and with good reason: the broad rally is supported by an accelerated vaccine rollout and recent economic reports which have been robust across the board. Nonfarm payrolls.  ISM Manufacturing. ISM … Read more

Airline stocks in Asia-Pacific boosted by Australia-New Zealand travel bubble, rising optimism

Qantas A380 taking off on runway in Saxony, Dresden on Aug. 21, 2020 Tino Plunert | picture alliance | Getty Images SINGAPORE — Asia-Pacific airline stocks were on the move in Tuesday trade after a flurry of announcements largely boosted the outlook for international air travel. Shares of Australia’s Qantas Airways surged 2.55% while Air … Read more

U.S. companies face boycott threats, mounting pressure to take sides in America’s battle over voting rights

Protesters gather outside of the Georgia State Capitol to protest HB 531, which would place tougher restrictions on voting in Georgia, in Atlanta, Georgia, U.S. March 4, 2021. Dustin Chambers | Reuters U.S. corporations face growing pressure and threats of boycotts to publicly oppose Republican-backed election legislation in Georgia and other states that critics say … Read more

Fully vaccinated people can resume travel at ‘low risk,’ CDC says

COVID-19 vaccination record card issued by the Centers for Disease Control Bill Clark | CQ-Roll Call, Inc. | Getty Images The U.S. Centers for Disease Control and Prevention on Friday said fully vaccinated people can safely travel at “low risk” after the agency had held off for weeks on revising guidance that discouraged all non-essential … Read more

Why Hollywood may be staying surprisingly quiet about Georgia’s new voting law

Tyler Perry accepts People’s Champion Award onstage for the 2020 E! People’s Choice Awards held at the Barker Hangar in Santa Monica, California and on broadcast on Sunday, November 15, 2020. Christopher Polk | E! Entertainment | NBCUniversal | Getty Images While other corporate giants such as Coca-Cola and Delta have been quick to oppose … Read more

Companies quiet on whether they will keep donating to GOP supporters of Georgia voting law

Several major corporations in Georgia have criticized the state’s controversial new voting restrictions, signed into law last week by GOP Gov. Brian Kemp.  But some of those companies are keeping quiet on whether they will continue making donations to Kemp and other Georgia Republicans who support the law. CNBC reached out to six companies to … Read more