Jun.21 -- China confirmed that a proposed national security law would allow Beijing to override Hong Kong’s independent legal system, shedding new light on a move that has stoked tensions with the U.S. and threatens the city’s status as a top financial center. Yvonne Man reports on "Bloomberg Daybreak: Australia."...
(Bloomberg) -- American Airlines Group Inc. braced its balance sheet with $3.5 billion in new financing, diverging from its recent reliance on federal aid as the coronavirus pandemic suppresses travel demand.The carrier is selling $750 million of shares and the same amount of senior convertible notes due in 2025, American said in a statement Sunday. In addition, the carrier will offer $1.5 billion in senior secured notes and said it will enter into a $500 million term loan facility.American’s actions show the broad range of tools airlines are using to bolster balance sheets amid a hesitant return to flying that for now is led largely by leisure travelers anxious to escape months of confinement. While carriers have resumed some of the domestic flights slashed when the virus hurt travel demand in late March, a full recovery is expected to take years. The largest U.S. carriers continue to burn through as much...
(Bloomberg) -- U.S. futures retreated and Asian stocks looked set to decline as investors mulled further signs of coronavirus outbreaks in countries from the U.S. to Australia.S&P 500 contracts fell in early Asia trading and those in Japan and Hong Kong pointed lower. California reported record new cases and Florida infections jumped more than the weekly average. The Australian dollar was weaker as one state extended its state of emergency due to fresh cases. The kiwi fell.Markets remain vulnerable as governments gradually ease coronavirus lockdowns and travel restrictions to revive economic growth while attempting to control the spread of Covid-19. Meanwhile, China over the weekend released details of a proposed national security law that would give the mainland the right to directly prosecute Hong Kong residents for still vaguely defined offenses.“Shares remain technically overbought and vulnerable to a further correction or period of consolidation, but we continue to see it as...
Is bitcoin having a good year or not? As an industry, we need to work on honing our understanding of the many narratives, and how they can influence value....
On Monday, Apple Inc. (NASDAQ: AAPL) will stream its first all-digital Worldwide Developers Conference on its own platforms, YouTube and other online services.Here are the rumored highlights creating the most chatter.1\. watchOS 7Recent rumors suggest the next update to the watchOS will include more actionable sleep tracking, a pulse oximeter to estimate blood-oxygen levels, a feature to detect panic attacks and prompt calming exercises, and a kids mode linked to GPS."Leading with digital health and wellness is the winning approach for Apple Watch over the next decade," Loup Ventures managing partner Gene Munster wrote in a note.2\. iOS 14New features are rumored to include a list-view of apps on the Home screen, a new fitness app with guided workout videos, an augmented reality app, a function to handwrite text, and third-party wallpaper options.The update could also allow users to set third-party mail, browser and music apps as default; retract iMessages or...
