Breaking News: Business
Chinese stocks trading in the U.S. rocket higher after China signals support for the shares
Shares of Chinese companies listed publicly in the U.S. surged Wednesday as China signaled support for the stocks. Regulators from both countries are progressing toward a cooperation plan on U.S.-listed Chinese stocks, according to Chinese state media. The report cited a meeting Wednesday chaired by Vice Premier Liu He, who heads China’s finance committee. The […]
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Get ready for higher fares: Airlines bet surge in travel demand will help offset fuel costs
American Airlines planes at LaGuardia Airport Leslie Josephs | CNBC Travel demand has bounced back faster than expected this year, major airlines said Tuesday, a welcome trend for an industry battered by Covid and a sign that carriers expect to pass along higher fuel prices and other costs on to customers. U.S. jet fuel prices […]
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White House says U.S. will run out of money to fight pandemic if Congress doesn’t pass Covid funding bill
A healthcare worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, on Wednesday, Jan. 26, 2022. Vanessa Leroy | Bloomberg | Getty Images The White House on Tuesday warned the U.S. won’t have enough booster shots and lifesaving Covid treatments for Americans if […]
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Leaders of NATO countries discuss plans to meet in Brussels next week, officials say
A view of a meeting of the North Atlantic Council (NAC) at the level of Foreign Ministers gather at the NATO Headquarters in Brussels, March 4, 2022. Olivier Douliery | Reuters The heads of state representing NATO’s 30 member countries are discussing meeting in person in Brussels next week as Russia’s invasion of Ukraine reaches […]
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Vaccine maker stocks rise as China battles worst Covid outbreak since 2020
Shares of the major vaccine makers rose on Monday as China battles its worst Covid outbreak since 2020, fueling fear that the pandemic will drag on which could drive demand for future vaccine orders. Moderna‘s stock jumped more than 8% to close at $150.07. In the morning, the biotech company’s stock had surged nearly 20% […]
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Putin allows Russian airlines to fly $10 billion worth of foreign-owned planes domestically
Aeroflot Russian Airlines civil jet aircraft produced by Airbus at Moscow-Sheremetyevo International Airport. Leonid Faerberg | Lightrocket | Getty Images Foreign aircraft lessors seeking to recover some $10 billion worth of planes from Russia were dealt a new blow Monday when President Vladimir Putin signed a law clearing the country’s airlines to fly the planes […]
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Jones Soda unveils cannabis-infused sodas, syrups and gummies under new Mary Jones brand
Jones Soda’s cannabis offshoot, Mary Jones Source: Jones Soda Meet Mary Jones, the new brand from Jones Soda that will feature cannabis-infused sodas, gummies and syrups. It’s a bold step for the publicly traded company, which is best known for its craft soda, but its relatively small size means it may feel it can take […]
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Moderna CEO Bancel’s golden parachute soared by hundreds of millions over the pandemic
Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna‘s board of directors approved a golden parachute for CEO Stephane Bancel worth more than $926 million at the end of last year, up from $9.4 million in 2019 before Covid-19 upended the world order. The value of Bancel’s so-called change-in-control package has varied as a […]
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U.S. extends airplane mask mandate through April 18
A sign reads “Wear A Mask” at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Elijah Nouvelage | Bloomberg | Getty Images The Transportation Security Administration is extending a federal requirement that travelers wear masks on airplanes, at airports, on trains and buses through April 18, the Centers […]
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United Airlines will let unvaccinated employees return to their jobs this month
A United Airlines 737 Max 8 Leslie Josephs | CNBC United Airlines, citing a steep decline in Covid-19 cases, told staff Thursday that it will allow unvaccinated workers to return to their jobs starting March 28, a shift from a company that had one of the country’s strictest inoculation mandates. Last August, United said it […]
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