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Oil slips but heads for steady week on supply tightness MELBOURNE, July 23 (Reuters) - Oil prices trimmed overnight gains on Friday but were poised to end the week largely steady after rebounding from a sharp drop, underpinned by expectations supply will remain tight as demand recovers. Brent crude futures ...
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Barclays raises oil price view, sees slow grind higher in coming months July 22 (Reuters) - The oil market's supply and demand dynamics point to a slow grind higher in prices over the next few months, Barclays said on Thursday, as it raised its 2021 oil price forecasts by $3-5 per barrel. Expectations that oil inventories will be tight ...
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American, Southwest post quarterly profits on travel rebound, federal aid U.S. airlines, which received $54 billion in COVID-19 relief for workers' salaries and also took on debt to survive a deep industry crisis, are now deleveraging balance sheets and rushing to service a rebound.
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For Airlines, It's Looking More Like 2019 Again The economic upturn, aggressive cost-cutting and an enormous federal stimulus that paid many salaries have helped to improve the finances of the largest carriers, which took on vast amounts of debt and lost billions of dollars during the pandemic.
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Snap inc (SNAP) Q2 2021 Earnings Call Transcript Call Participants. Prepared Remarks: Operator. Good afternoon, everyone, and welcome to Snap Inc.'s Second Quarter 2021 Earnings Conference Call. [Operator Instructions] Thank you very much.
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Intel raises full-year sales forecast, but second-half demand worries send shares down July 22 (Reuters) - Intel Corp (INTC.O) raised its annual revenue forecast above Wall Street expectations on Thursday, but Chief Executive Pat Gelsinger said the outlook for the chipmaker was still "supply constrained" and that it could take the industry two ...
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US weekly jobless claims increase to two-month high; trend still low WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose to a two-month high last week, a reminder that the labor market was far from being out of the woods as the nation confronts a resurgence in new COVID-19 ...
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ECB pledges low rates for longer as virus casts shadow over growth FRANKFURT (Reuters) -The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the rapidly spreading Delta variant of the coronavirus poses a risk to the euro zone's ...
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Airlines not feeling effect of rising virus cases amid scramble to recruit, retrain workers After shedding thousands of workers during the worst economic downturn in industry history, airlines are hiring again, eager to capitalize on travel beginning to return to pre-pandemic levels. Delta Air Lines said it expects to hire between 4,000 and 5,000 new ...
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This Seemingly Flawless Social Security Strategy Could Backfire on You Many seniors rely on Social Security to provide a fair chunk of their retirement income. And there's a good chance you'll eventually do the same. As such, it's important to get as much money out of the program as you can. Now you'll often hear that a ...
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