By Dhirendra Tripathi
Investing.com – Shares of both European and U.S. airlines rose Monday on a report that the Biden administration plans to relax rules for vaccinated travelers from the EU and the U.K.
According to a report in Financial Times, the Biden administration’s new travel policy will be effective in November. The announcement is likely to be made today, the report said.
Shares of British Airways-owned IAG (LON:ICAG) surged 9.5% in London while EasyJet (LON:EZJ) and Ryanair (LON:RYA) gained 4.2% and 2%, respectively. Air France KLM (PA:AIRF) climbed 6.2% in Paris while Deutsche Lufthansa (DE:LHAG) rose 5.7% in German trading.
On the NYSE, American Airlines (NASDAQ:AAL), United Airlines (NASDAQ:UAL) and Delta Air Lines (NYSE:DAL) each traded around 1% higher. Southwest Airlines (NYSE:LUV) and JetBlue (NASDAQ:JBLU), both more focused on the U.S. market, traded slightly lower.
Those involved in clinical trials for vaccines that are not yet approved in the U.K. will also be allowed to enter the U.S., a policy covering around 40,000 people, the FT said.
According to the report, the Biden administration is working on a travel policy to cover all international travel, intended to replace the current system of bans and restrictions that apply to different parts of the world.
Under the current policy, only American citizens, their immediate families, green card holders and those with national interest exemptions can travel to the U.S. if they have been in the U.K. or EU in the previous 14 days.
The White House’s change of heart comes on the eve of the United Nations General Assembly meeting in New York.
Airline Stocks Gain on Report U.S. to Ease EU, UK Travel for Vaccinated
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By Geoffrey Smith
As efforts to regulate food-delivery apps have risen along with the demand for their services, some of the biggest companies in the space are embroiled in new legal fights.
Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Value Fund” second quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 8.78% was recorded by the fund’s investor class for the Q2 of 2021, outperforming the benchmark, Russell Microcap® Index, which returned 4.14% for the […]
Spain's Santander is in negotiations with about 210 employees in Portugal as part of a wider cost-cutting plan that affects 11% of its workforce there, a source with knowledge of the matter said. According to an internal memo from June seen by Reuters, the bank is offering early retirement to employees over 55 years and a compensation package corresponding to time served. The source said that about 475 employees of a total of 685 affected by the cost-cutting plan had accepted the bank's conditions, adding that the bank was now in negotiations with the rest.
Back in the middle of May, Barron's put "Inflation" on their cover. At the time, I noted that it probably meant the inflation, or reopening/reflation stocks, were getting a little long in the tooth. Then about two weeks or so ago, Barron's decided to praise the mega cap tech stocks.
Stop losing money on mediocre businesses.
Noelle Acheson, Head of Market Insights at Genesis Trading, discusses why Cryptocurrnecies tumbled on Monday.
(Bloomberg) — A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined $135 billion.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Istanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksAmazon, Microsoft Swoop In on $24 Bil
Shares of the Chinese tech giant pulled back in response to a potential default by Evergrande Group.
Monday's sharp downturn in stocks precipitated partly by the highly leveraged Evergrande in China isn't the only problem buffeting markets on Monday.
The S&P 500 had its worst day in months Monday, tumbling 1.7% on fears that property giant China Evergrande Group ‘s (ticker: 3333.Hong Kong) troubles may spill over into other markets. Friday, the S&P 500 fell below its 50-day moving average, a technical indicator that shows investors are losing confidence in the market outlook. The S&P 500 is 3.9% below its all-time high as of Monday’s close, at its lowest level since mid-June.
(Bloomberg) — China Evergrande Group slid deeper in equity and credit markets Tuesday, fueling concerns about broader contagion after S&P Global Ratings said the developer is on the brink of default.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Istanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksAmazon, Microsoft Swoop In on $
Fear contagion from the Evergrande crisis, warns Goldman Sachs.
Monday put investors in lithium and rare earth metal stocks on the edge. While Standard Lithium (NYSEMKT: SLI) and Lithium Americas (NYSE: LAC) sank 10.7% and 13.3%, respectively, by 2:30 p.m. EDT, rare earth stock MP Materials (NYSE: MP) was down 8.5% by then. With concerning news from China and an electric-vehicle (EV) manufacturer slashing its outlook on supply shortages hitting electric-vehicle stocks hard, lithium and rare earth stocks were bound to feel the heat.
What happened Mounting concerns of a potential financial crisis in China drove investors to reduce risk on Monday. Here's how some of the largest and most popular tech stocks fared today: Apple (NASDAQ: AAPL), down 2.
Bitcoin and other cryptocurrencies were tumbling on Monday as one of China's largest property developers teetered on collapse. Here's how it could spill over into cryptos.
Shares of Chinese electric vehicle maker Nio (NYSE: NIO) were trading lower on Monday morning amid a broad-based sell-off driven by concerns around the heavily indebted Chinese property developer China Evergrande Group (OTC: EGRNF). At 11:30 a.m. EDT, NIO's American depositary shares were down about 5% from Friday's closing price. You've probably heard that Evergrande is thought to be close to bankruptcy, that the Chinese government is thought to be unwilling to bail it out, and that its failure could have broad effects on stocks in China and possibly beyond.
In this article, we discuss the 15 best stocks to invest in today according to David Abrams based on Q2 holdings of the fund. If you want to skip our detailed analysis of Abrams’ history, investment philosophy, and hedge fund performance, go directly to the 5 Best Stocks to Invest in Today According to David […]
(Bloomberg) — The late-afternoon bounce in U.S. stocks came amid a trading frenzy in the futures contracts. Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Istanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksAmazon, Microsoft Swoop In on $24 Billion India Farm-Data TroveMore than 320,000 contracts changed hands in the 30 minutes
(Bloomberg) — Sinic Holdings Group Co. has halted trading after an 87% slump in its shares Monday afternoon. Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Amazon, Microsoft Swoop In on $24 Billion India Farm-Data TrovePalm Oil Giant’s Industry-Beating ESG Score Hides Razed ForestsThe Shanghai-based developer didn’t give any reason for the trading
By Dhirendra Tripathi