(Reuters) – U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday. Many U.S. airlines are cancelling between 60%
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Super-charged global stocks race towards second weekly gain
LONDON (Reuters) – World stock markets made a super-charged sprint towards a second straight week of gains on Friday after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere. The bulls were
Asia shares up as plans to re-open U.S economy offset record slump in China GDP
TOKYO/NEW YORK (Reuters) – Asian stocks gained on Friday as President Donald Trump’s plans to gradually re-open the U.S. economy offset data that showed China suffered its worst economic contraction on record due to the coronavirus outbreak. MSCI’s broadest index
Trump unveils three-stage process for states to end coronavirus shutdown
WASHINGTON (Reuters) – President Donald Trump laid out new guidelines on Thursday for U.S. states to emerge from a coronavirus shutdown in a staggered, three-stage approach meant to revive the U.S. economy even as the country continues to fight the
Dollar at one-week high as investors seek safety after jobless data
NEW YORK (Reuters) – The dollar hit a one-week high on Thursday as investors fled to safe-haven assets following the release of weekly U.S. jobless data showing a record 22 million Americans have sought unemployment benefits in the last month.
Coronavirus: Burger King, KFC and Pret start to reopen some branches for delivery only
Some of the UK’s high street food brands are offering delivery-only services as they partially reopen some branches. Burger King, KFC and Pret a Manger all closed their stores three weeks ago under the government’s coronavirus lockdown. But the fast
Futures jump as weekly jobless claims fall
(Reuters) – U.S. stocks index futures jumped on Thursday after weekly U.S. jobless claims fell to 5.2 million last week from an upwardly revised 6.62 million the week before. At 8:36 a.m. ET, Dow e-minis 1YMcv1 were up 124 points,
Futures jump as weekly jobless claims fall
(Reuters) – U.S. stocks index futures jumped on Thursday after weekly U.S. jobless claims fell to 5.2 million last week from an upwardly revised 6.62 million the week before. At 8:36 a.m. ET, Dow e-minis 1YMcv1 were up 124 points,