Markets

Airline stocks drop after Trump ends stimulus talks

Airline stocks dropped sharply on Tuesday following news that Trump is ending stimulus talks until after the election. Airlines were expected to be large beneficiaries of the next stimulus package. Speaker Pelosi urged airline executives on Friday to delay firings, saying relief was imminent. American Airlines dropped as much as […]
Airline stocks drop after Trump ends stimulus talks
Markets

US airlines surge as Trump suspends flights from China-based carriers

Airline stocks outperformed Wednesday’s stock market rally after the White House banned Chinese airlines from operating passenger flights to the US starting mid-June. Alaska Air led the group after leaping as much as 12%, while United Airlines followed close behind with an 11.8% climb. American Airlines and Delta Air Lines […]
US airlines surge as Trump suspends flights from China-based carriers
Markets

Microsoft saw $62 billion of market value erased after it said coronavirus will hit profits this year. Here are 6 other companies that have issued similar warnings — and how much they have lost

Several companies have lowered or withdrawn their forward-looking revenue estimates as the coronavirus tears into operations. Microsoft was the most recent to warn investors of the outbreak’s effect on financials, announcing Wednesday its Windows and Surface businesses would see worse-than-expected sales due to supply chain disruption. The announcement drove Microsoft […]
Microsoft saw $62 billion of market value erased after it said coronavirus will hit profits this year. Here are 6 other companies that have issued similar warnings — and how much they have lost
Markets

United Airlines rises after announcing CEO Oscar Munoz will step down

United Airlines shares rose as much as 1% in early Thursday trading after the company announced CEO Oscar Munoz will step down in May and President Scott Kirby will become its new chief executive. Munoz will become the airline’s chairman, and current chair Jane Garvey will retire from United’s board. […]
United Airlines rises after announcing CEO Oscar Munoz will step down