[ad_1] (Reuters) – American Airlines Group Inc said on Friday it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel demand, easing concerns
Gold gains on fresh virus wave fears, gloomy Fed outlook
[ad_1] (Reuters) – Gold prices gained on Friday as investors bought the safe-haven metal as fears of a fresh wave of coronavirus cases added to the gloomy economic outlook from the U.S. Federal Reserve. FILE
Robinhood users’ favorite stocks roar back after selloff
[ad_1] NEW YORK (Reuters) – Shares of airlines, cruise lines and other companies that have been popular with investors on the Robinhood trading app shot higher on Friday, a day after stocks suffered their worst
White House sees red state/blue state divide in post-coronavirus economic recovery
[ad_1] FILE PHOTO: Council of Economic Advisers Chairman Kevin Hassett speaks to reporters at the White House in Washington, U.S., April 11, 2019. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – A top White House economic adviser
Oil on track for weekly loss on virus resurgence fears
[ad_1] NEW YORK (Reuters) – Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus
Wall Street rises after biggest pullback since March
[ad_1] (Reuters) – Wall Street’s main indexes rose on Friday, as bargain hunters returned after a punishing session a day earlier, but the indexes were still on track for their worst week in nearly three
China’s Tencent Music reports passive stake in Warner Music
[ad_1] FILE PHOTO: People visit Tencent’s booth at the World 5G Exhibition in Beijing, China, Nov. 22, 2019. REUTERS/Jason Lee/File Photo (Reuters) – China’s Tencent Music Entertainment Group (TME.N) on Friday reported a 5.2% passive
Exclusive: U.S. senators draft plan to reform new plane design approvals after 737 MAX crashes
[ad_1] WASHINGTON/CHICAGO (Reuters) – Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two fatal Boeing 737 MAX crashes
Saudi oil market share set to hit highest since 1980s – J.P. Morgan
[ad_1] LONDON (Reuters) – Saudi Arabia’s share of the oil market is set to rise this decade to its highest since the 1980s as investment in production elsewhere dries up in the wake of the
Working from home in lockdown, Belgian man ‘walks’ 1,500 km
[ad_1] Belgian Yves Hanoulle, IT professional, walks on a treadmill installed under his desk, with the average of 20km daily, as he works in his home in Ghent, Belgium June 11, 2020. REUTERS/Yves Herman GHENT,