business news
Air travel jumps July 4 weekend, but still down sharply from 2019 amid pandemic
Airline passengers wearing face masks arrive and depart the D Concousre at McCarran International Airport in Las Vegas on Tuesday, June 30, 2020. Bill Clark | CQ-Roll Call | Getty Images More travelers took to the skies over the July 4 weekend, but airlines are still facing paltry demand compared with last summer because of …
Kiranas are considering greater technology adoption: EY survey
NEW DELHI: Covid-19 has changed the way kirana stores in India conduct business, showed a study. Around 40% respondents ie, kirana store owners said they want to partner with online delivery and supply platforms as they feel it can help them grow and tide over in these testing times. Another key insight is that consumer …
Florida and Texas report record new daily coronavirus cases
A woman looks through fencing next to signage indicating that the beach is temporarily closed in South Pointe park on July 04, 2020 in the South Beach neighborhood of Miami Beach, Florida. Cliff Hawkins Florida and Texas hit a record number of daily coronavirus cases on Saturday, respectively reporting 11,445 and 8,258 new cases, according to …
Hong Kong officials ‘very disappointed’ at Canada’s move to suspend extradition pact
Pedestrians walks past a government-sponsored advertisement promoting a new national security law on June 30, 2020 in Hong Kong, China. Billy H.C. Kwok | Getty Images Senior officials in Hong Kong said on Saturday they were “very disappointed” at Canada’s decision to suspend its extradition treaty with the Chinese-ruled city and again slammed Washington for “interfering” in its affairs. …
Ford second-quarter sales fall 33.3% due to coronavirus, stay-at-home orders
A Ford Motor employee inspects the all-new 2020 Ford Explorer before it rolls of the line to ensure quality for our customers. Ford Ford Motor reported Thursday that its U.S. vehicle sales in the second quarter were down 33.3%, in-line with industry expectations as the coronavirus caused consumers to stay at home, and dealerships and factories to shutter. …
Trucking stocks are next to break out, chart analyst says
Shipments are surging. Shares of FedEx soared nearly 12% on Wednesday after a stronger-than-expected earnings report fueled by a pandemic-driven pickup in home deliveries. While Covid-19 shutdowns still ate into the company’s profits, particularly those it gets from its more lucrative business-to-business clients, residential shipments made up for some of the pain. The action marked …
Stock futures flat after the market notches its best quarter in decades
Stock futures dipped in overnight trading on Tuesday as the market is set to kick off a new quarter after a remarkable comeback. Futures on the Dow Jones Industrial Average traded about 100 points lower. The S&P 500 futures and the Nasdaq 100 futures fell 0.2% and 0.1%, respectively. Trading volumes were thin. The market just notched …
Fauci, other top health officials to testify before lawmakers
More and more state officials are hitting pause or rolling back efforts to reopen the economy as the coronavirus spreads to new communities and gains speed in many parts of the U.S. Arizona Gov. Doug Ducey became the latest official to roll back reopening in his state late Monday after weeks of increasing cases. On …
Amazon buys self-driving technology company Zoox
Amazon has just taken its boldest step yet into self-driving vehicles, acquiring six-year-old start-up Zoox, the company announced Friday. Amazon said the deal will help bring Zoox’s “vision of autonomous ride-hailing to reality.” Zoox will continue to operate as a standalone business within Amazon, with CEO Aicha Evans and Jesse Levinson, the company’s co-founder and CTO, …
Investors monitor U.S. coronavirus cases, recovery hopes
European markets advanced on Friday morning despite surging coronavirus cases in the U.S. and further warnings about a second market meltdown from the International Monetary Fund (IMF). The pan-European Stoxx 600 climbed 0.7% by mid-morning with industrials adding 1.6% to lead gains as all sectors and major bourses traded in positive territory. The global market …
