Former National Economic Council Director Gary Cohn has a plan to put Americans back to work after the coronavirus outbreak is brought under control....
What started out a month ago as a niche, experimental business — turning passenger aircraft into dedicated freighters for cargo customers — has exploded in popularity and become a driver of sorely needed revenue for airlines.In just three weeks, United Airlines Holdings, Inc. (NASDAQ: UAL) has already operated 270 cargo-only flights carrying more than 9.2 million pounds of goods on repurposed Boeing 777 and 787 jets, cargo chief Jan Krems said Thursday in a message to customers. Initial service was between United's U.S. hubs and Amsterdam; Frankfurt, Germany; and London's Heathrow Airport. Since then, United Cargo has added Brussels, Hong Kong, Shanghai, Sydney and Tel Aviv, Israel, to its all-cargo network. And later this week it will begin service to and from Chengdu, China; Beijing; and Taiwan.Demand for repurposed passenger jets has been so high that Lufthansa Airlines says it will even remove seats from four aircraft to make room for...
The stock market has rebounded swiftly over the past three weeks, with the S&P 500 rallying 27% from its March 23 low on the back of optimism that the novel coronavirus pandemic is starting to plateau and even fade across Europe and the U.S.In response to this big market rebound and the coronavirus curve "flattening," Goldman Sachs has put together a list of stocks to buy if the pandemic continues to fade and the economy starts to recover.These are stocks which the analyst team at Goldman expects to recover quickly once the macroeconomic environment stabilizes. Consequently, they are top stocks to buy if you believe an economic recovery is around the corner.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2020: Get Ready for a Roller Coaster Ride in Q2 In no particular, the top 5 stocks to buy for a potential economic recovery are:...
Fundstrat's Tom Lee says history shows the speed of a market recovery is tied to the speed of collapse. That could mean a return to all-time highs this year....
Oil prices briefly traded higher on Thursday after OPEC+ members, including Russia and Saudi Arabia, reached a preliminary deal to cut oil output. The deal is to cut oil production by 10 million barrels per day for two months beginning May 1, according to Amenda Bakr, deputy bureau chief at Energy Intel. The oil producers would then cut production by 8 million barrels per day from July to December and 6 million barrels per day for the period of January 2021 to April 2022.> The agree to Adjust downwards their overall oil output by 10 mb/d, starting on 1 May 2020, for an initial period of 2 months. For the subsequent period from July to December 2020, an adjustment pf 8 mb/d followed by 6 mb/d of total for the period of Jan2021 to April 2022 OOTT> > -- Amena Bakr (@Amena__Bakr) April 9, 2020Earlier Thursday, Brent crude gained around 10%,...
Yahoo Finance contributor and Zor Capital Managing Director Joe Fahmy spoke with Myles Udland and Rick Newman about his outlook on the markets during the coronavirus pandemic. ...
