Average commercial vehicle speeds have increased and time spent at intersections for drivers has reduced, indicating reduced congestion following regional stay-at-home orders. ...
(Bloomberg) -- U.S. airlines reached preliminary deals with the Treasury Department to access billions of dollars in aid, securing a temporary lifeline as the industry waits for customers to start flying again.The agreements cover all major airlines, the Treasury said in a statement Tuesday, and position the government to start doling out $25 billion in assistance allocated for passenger carriers in the $2.2 trillion stimulus package signed into law March 27. American Airlines Group Inc. said it would get $5.8 billion in support, while Delta Air Lines Inc. said it would receive $5.4 billion.“This is an essential step, but just one of many that will get us through the next several months,” Delta Chief Executive Officer Ed Bastian said in a message to employees. “The funding, along with self-help measures we have taken, will prevent furloughs and pay rate reductions through the end of September, despite the 95% drop we’ve seen...
Tesla Inc (NASDAQ: TSLA) shares are on the rise again after Goldman Sachs resumed coverage of the electric automaker on Tuesday evening.The Tesla ThesisGoldman Sachs analyst Mark Delaney resumed coverage of Tesla's stock with a Buy rating and an $864 price target."We are positive on Tesla because we believe that the company has a significant product lead in EVs, which is a market where we expect long-term secular growth," Delaney wrote in a note.Delaney also said that compared to other auto and tech companies, Tesla is attractively valued given its revenue growth.TSLA Price ActionThe stock is off to a hot start this week after closing Monday's session higher by 13%.Tesla's production in the United States has been hampered due to the coronavirus pandemic, but the company has resumed work at its China factory. Reuters reported over the weekend that Tesla started sales of another two Model 3 sedan made at the...
In the current climate it is unusual to come across a company expecting to beat first quarter estimates, but that’s just what digital marketplace Fiverr anticipates (FVRR).Although the final numbers have yet to be confirmed, the company forecasts better than expected results in its next quarterly statement (due early May). Accordingly, following the update, Needham analyst Brad Erickson increased estimated EBITDA in Q1 from $4.4 million to $5.0 million, along with increasing projected revenue for the period from $32.5 million to $33.3 million.Following the initial COVID-19 impact, midway through March, activity on Fiverr’s marketplace tumbled by 10% to 15%, steadied thereafter, and by early April “robust” growth returned. Offsetting slower “digital marketing and business verticals” were stronger trends in ebooks, video and animation freelance work, along with the resumption of “organic new customer” additions.Moreover, the past few weeks have seen record numbers of new freelancers signing up to the platform, and...
Truck drivers increasingly need face masks to meet both CDC recommendations and some state and local restrictions meant to spread the slow of the COVID-19 pandemic. We talked to fleets about what they're doing to get masks to drivers. ...
Waste volume has increased between 5% and 30% nationally on residential routes as people stay home to slow the spread of the COVID-19 pandemic. Municipal agencies have shifted operations to adjust to the volume and ensure vehicle operators stay safe. ...
Asian shares paused at one-month highs on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business. MSCI's broadest index of Asia-Pacific shares outside Japan was a slight 0.1% firmer in early trade. Japan's Nikkei eased 0.5%, though that followed a 3% jump the previous session....
