Boeing shares plummet as travel restrictions hit airlines
Shares in Boeing Co fell sharply for a second day on Thursday as sweeping U.S. travel restrictions on Europe, meant to curb the spreading coronavirus, heightened jitters about the company’s growing cash burn.
Boeing shares plummet after new U.S. travel restrictions
Shares in Boeing Co dropped more than 16% on Thursday on increased concerns over a fallout from news of sweeping U.S. travel restrictions on Europe meant to curb the spread of coronavirus.
U.S. airlines capping fares from Europe to U.S. amid coronavirus restrictions
American Airlines Inc and Delta Air Lines Inc both said Thursday they will cap air fares on flights from Europe to the United States that are impacted by new travel restrictions as Americans flock to European airports trying to return home.
Wall Street enters bear market as Europe travel ban stuns investors
The S&P 500 and the Nasdaq cratered into a bear market on Thursday as a shock move by President Donald Trump to suspend travel from Europe rattled investors already shaken by fears of a global recession on the back of a coronavirus pandemic.
Oil falls 6% after Trump surprises with travel ban
Oil prices fell more than 6% on Thursday after U.S. President Donald Trump unexpectedly announced restrictions on travel from Europe in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemi…
S&P 500 tumbles 7%, triggers 15-minute trading halt
Trading on Wall Street’s three main indexes was halted moments after the opening bell on Thursday as the S&P 500 slipped 7%, setting off an automatic 15-minute cutout, for the second time this week.
GameStop investors seek board seat after expiry of standstill pact
A group of investors in GameStop Corp on Thursday asked the video game retailer to appoint a shareholder nominee on its board, after a year-long standstill agreement with the company to not express concerns publicly expired recently.
Airline crisis deepens as U.S. puts Europeans in coronavirus quarantine
European airlines bore the brunt of a dramatic expansion of the coronavirus crisis on Thursday, as U.S. travel curbs on much of the continent deepened the sector’s misery and piled more pressure on governments to offer emergency support.
LATAM Airlines, Azul to cut international flights up to 30% due to coronavirus
LATAM Airlines Group and Brazil carrier Azul SA said on Thursday they will cut capacity on international flights by up to 30% as demand collapses due to the global coronavirus outbreak.
U.S. weekly jobless claims fall; producer prices weak
The number of Americans filing for unemployment benefit unexpectedly fell last week, but could rise in the coming weeks as the coronavirus pandemic causes companies to layoff workers amid supply chain disruptions and waning demand for some goods and se…
