TSA extends mask requirement for planes, buses and trains through mid-September

Passengers, almost all wearing face masks, board an American Airlines flight to Charlotte, on May 3, 2020, in New York City. Eleonore Sens | AFP | Getty Images Traveling this summer? Don’t forget your mask. The Transportation Security Administration on Friday extended a federal requirement that travelers on buses, trains, commercial flights and at airports … Read more

U.S. to restrict travel from India effective May 4 as Covid surge devastates the country

The Biden administration will restrict travel from India as that country grapples with a gigantic surge in coronavirus cases, White House press secretary Jen Psaki said Friday. The policy will take effect Tuesday, May 4, Psaki said in a statement. The administration made the decision on the advice of the Centers for Disease Control and … Read more

Investors may have to tune out noise from pandemic booms and busts as they gauge earnings reports

A shopper walks by shelves in the paper products aisle of a store in Burbank, California, November 19, 2020. Robyn Beck | AFP | Getty Images In a typical earnings season, the rules of the game for investors can be relatively simple: Rising profits and strong year-over-year sales growth signal success. That formula won’t work … Read more

Southwest Airlines says leisure bookings improving, expects to break even in June

A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday said leisure travel bookings continue to rise and that it expects to break even “or better” by June. The Dallas-based airline posted first-quarter net income of $116 million, compared with a $94 million loss a … Read more

Here are Wednesday’s biggest analyst calls of the day: Amazon, Morgan Stanley, Apple & more

Here are the biggest calls on Wall Street on Source link

S&P 500 futures fall slightly in overnight trading, Netflix shares tank

Traders on the New York Stock Exchange. Source: NYSE Stock futures fell slightly in overnight trading Tuesday amid a sharp decline in Netflix shares, pointing to a third straight negative day on Wall Street. S&P 500 futures dipped 0.1% and Nasdaq 100 futures fell 0.4%. Futures on the Dow Jones Industrial Average traded near the … Read more

American Airlines says it will resume hiring pilots this fall as travel demand recovers

American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, U.S. December 29, 2020. Marco Bello | Reuters American Airlines plans to resume hiring pilots this fall, the carrier told aviators on Tuesday, as a rebound in demand prompts airlines … Read more

United reports fifth consecutive quarterly loss

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Monday reported its fifth consecutive quarterly loss, though travel demand has recently improved as vaccinations ramp up and governments loosen travel restrictions. The company posted a … Read more

Cramer’s week ahead: The impact of inflation and the reopening as earnings season accelerates

Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Friday that the “real earnings” season will get underway Monday after the major banks posted their quarterly results earlier this week. “We’re actually going to get the impact of both inflation and the reopening,” he said on “Mad Money.” “I think the former’s a big … Read more

Concerns over inflationary pressure on earnings will test stocks in the week ahead

Traders on the floor of the New York Stock Exchange. Source: CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in inflationary pressures. From Coca-Cola and IBM to Johnson & Johnson and Netflix, investors will hear … Read more