Business

A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street

Scott Olson | Getty Images U.S. government debt prices were muted Wednesday morning as investors monitored potential stalls on both a federal stimulus package and Covid-19 vaccine and treatment trials. The 10-year Treasury yield traded at 0.712%. The 30-year bond rate dipped to 1.5%. Yields move inversely to prices. Democrats and Republicans remain at odds

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C. Erin Scot | Pool | Reuters Health officials have struggled to convey the seriousness of Covid-19 to many Americans. President Trump’s rapid recovery from the disease, while welcome by

The Disney+ (Plus) logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant advanced more than 4% after the company announced a major reorganization that will make streaming a “primary focus.” To accelerate its direct-to-consumer

AMC, the largest cinema chain in the U.S., is in danger of running out of cash by the end of the year or by early 2021. The exhibitor warned investors Tuesday in a public filing that a bare movie slate and lackluster attendance has left its business hemorrhaging cash with little hope of recouping losses

Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China’s exports rose 10.2% in the third quarter from a year ago in yuan-denominated terms, the national customs agency said Tuesday. Imports rose 4.3% during that time, according to the data. China is set to release U.S. dollar-denominated trade

[embedded content] [The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] The World Health Organization is holding a briefing Friday on the coronavirus pandemic as daily cases hit a new record across the globe. The WHO reported 338,779 new

Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s jumped 15% during premarket trading on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million

Gilead Sciences will have sufficient global supply of its coronavirus treatment remdesivir by the end of October, CEO Daniel O’Day told CNBC on Friday.  The comments came shortly after the publication of peer-reviewed final data from Gilead’s large-scale trial of remdesivir. It showed the antiviral drug helped Covid-19 patients who are hospitalized recover five days faster on

IHT Wealth Management’s Yussef Gheriani believes now is a good time to consider adding travel plays to portfolios. Between cabin fever related to the pandemic and optimism surrounding effective coronavirus treatments, Gheriani speculates bookings will start meaningfully rising within the next couple of months. “People are going to be sitting down at home saying ‘Okay,

A man in a surgical mask walks through Manhattan’s Broadway Theatre district after Broadway shows announced they will cancel performances due to the coronavirus outbreak in New York, March 12, 2020. Andrew Kelly | Reuters Broadway theaters will remain closed through May. The Broadway League, a trade organization representing producers and theater owners, announced Friday

Take a look at some of the biggest movers in the premarket: Xilinx (XLNX) – Advanced Micro Devices (AMD) is in advanced talks to buy the specialty chipmaker, according to The Wall Street Journal. People familiar with the matter say such a deal could be worth more than $30 billion, with a transaction possibly coming together

Noam Galai | WireImage | Getty Images Not even Santa knows what this holiday season is going to put under the tree for retailers.  The challenges brought on by the coronavirus pandemic have upended the retail industry – forcing stores and malls temporarily shut, pushing some companies into bankruptcy court and accelerating store closures. It

A visual representation of bitcoin with U.S. dollars. studioEAST | Getty Images LONDON — After Facebook shocked policymakers with its plan to launch a digital currency last year, central banks have been forging ahead with discussions on how they could create their own virtual money. Now, they’ve come up with a rough framework for how

Brock Bagby, the executive vice president of B&B Theatres, next to his father Bob Bagby, the CEO. B&B Theatres B&B Theatres, the sixth largest cinema chain in the U.S., has been operating for nearly 100 years. Its owners now say it is months away from filing for bankruptcy protection. The family-owned business has 48 theaters

Check out the companies making headlines in midday trading.  Zoom Video — Shares of the video conferencing company gained more than 3% after Mizuho initiated coverage on the stock with a buy rating and $550 target. “We believe Zoom can continue to deliver outsized revenue growth due to its position as a market leader, its global

A Qatar Airways Boeing 777 In New York. Leslie Josephs | CNBC DUBAI, United Arab Emirates — The outlook for the airline industry continues to be bleak, and one CEO has issued a particularly devastating warning on its future as fears mount over a potential second wave of coronavirus infections this fall and winter.   “The

J.P. Morgan Securities’ Colleen O’Callaghan is taking steps to protect portfolios from an economic setback. O’Callaghan warns the domino effect from coronavirus aid gridlock on Capitol Hill is the biggest risk facing Wall Street right now. As a result, she’s increasing cash exposure for her ultra-high net worth clients. “What we’ve been working to do