Delta Air Lines will maintain its ban on some individuals who would not comply with a COVID-19 mask rule on Delta flights, although the company also revealed that it plans to restore flight privileges to about 2,000 customers who were barred from flights. “With masks now optional, Delta will restore flight privileges for customers on…
Delta Gives Update About Mask ‘No-Fly’ List After Travel Mandate Lifts
Euro Drops After ECB Comments; Dollar Hits Fresh 25-month High
The euro edged lower on Friday after European Central Bank officials sent mixed policy signals, while expectations of a 50 basis point rate hike from the Federal Reserve supported the U.S. dollar which briefly hit a new 25-month high. ECB President Christine Lagarde struck a dovish tone by saying the central bank might need to…
Oil Extends Losses on Growth Concerns and Shanghai Lockdown
LONDON—Oil slipped on Friday, burdened by the prospect of weaker global growth, higher interest rates, and COVID-19 lockdowns in China hurting demand even as the European Union considers a ban on Russian oil that would further tighten supply. The International Monetary Fund this week cut its global economic growth forecast while the U.S. Federal Reserve…
CNOOC Has Monster Shanghai Debut, Chinese Oil Giant To Leave US, UK Projects
April 22, 2022
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Business & EconomyChinaChina Business & EconomyChina National Offshore Oil Corp.CNOOCCompaniesOilUS-China relations
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China National Offshore Oil Corporation, or CNOOC, soared as much as 44 percent in its debut on the Shanghai Stock Exchange on Thursday. After hitting the daily upper limit, trading was suspended amid enormous fluctuation. The stock pared its gains to end the session up 28 percent. Investors jumped at the first opportunity to gain…
Rising Mortgage Rates Prompt Downward Revision to Home Price Forecasts
A sharp run-up in mortgage rates has prompted speculation about possible cooling in house prices in the red-hot U.S. market, with real estate research firm Zillow lowering its home price forecast for 2023 by 1.6 percentage points. Home prices have been on a tear amid broader inflationary pressures in the U.S. economy, with the most…
Twitter Needs ‘White Knight’ Investor to Thwart Elon Musk Buyout: Tech Analyst
One of the few ways in which Twitter can avoid Elon Musk taking over the company is to find a friendly investor or a “white knight,” according to tech analyst, Dan Ives. Ives, an analyst at investment firm Wedbush, told Fortune that a white knight—a financial term used to describe a friendly investor that sweeps in when a company is on the…
Global Shares, Wall Street Futures Drop on Fed’s Hawkish Inflation Talk
World stocks fell and bond yields edged up on Friday as investors digested hawkish remarks by Federal Reserve Chair Jerome Powell that faster rate hikes are needed to tame surging inflation. With inflation in the United States running well above the Fed’s 2 percent target, Powell said on Thursday that a half-point interest rate hike would be…
Disney Stock Provides Meat for the Bears: Here’s Where to Watch for the Bounce
Walt Disney Co was trading about 1% lower on Thursday after falling in sympathy with Netflix, Inc on Wednesday, which plunged almost 40% after printing its first-quarter earnings. Disney’s decline on Wednesday began to pick up at 11:30 a.m. in reaction to a bear flag the stock had settled into on the four-hour chart. The…
Elon Musk’s SpaceX Fast Response to a Russian Attack Recognized as ‘Eye-Watering’ by US Military Official
April 22, 2022
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Business & EconomyCompanieseconomyElon MuskEuropeInternationalPoliticsRussia Attack ResponseRussia-Ukraine WarScienceScience NewsSpaceSpaceXUSWorld
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SpaceX reacted to a Russian attack against its infrastructure with such speed and efficacy that a U.S military official described it as an “eye-watering” accomplishment. What Happened As Benzinga reported in late March, SpaceX’s Starlink communications drones are being leveraged by Ukraine’s military to control drones and strike against Russian invaders from afar. When the…
Billionaire Carl Icahn Rules out Bidding for Southwest Gas
Billionaire activist investor Carl Icahn said on Thursday he had no interest in making a bid for Southwest Gas Holdings Inc, days after the utility said it would evaluate a sale following interest from an unnamed potential buyer. In an open letter to Southwest’s shareholders, Icahn said his “only interest is to replace the incumbent…
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