EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

Dow drops more than 400 points as stock market fails to expand Monday bounces ahead of megacap tech earnings

U.S. stocks fell sharply on Tuesday, failing to capitalize on the intraday rebound from the previous session, as investors sifted through a series of corporate results and awaited earnings due after the bell from megacap tech giants , including Microsoft and Google owner Alphabet. What is happening The Dow Jones Industrial Average DJIA was down … Read more

United and American Airlines get quarterly boost from ‘revenge trip’

Shares of United Airlines Holdings Inc. and American Airlines Group Inc. rallied on Thursday after airlines assured investors that “revenge air travel,” pent-up demand for flights, is boosting their bottom lines and soon they will be profitable again. United UAL, +1.20% late Wednesday reported better than expected first quarter results which included a promise to … Read more

United Airlines sees return to profitability this year as travel rebounds

United Airlines expects to return to profitability this year as travel resumes. Daniel Slim/AFP via Getty Images Text size United Airlines Holdings said it expects a return to profitability in the second quarter and for calendar year 2022 despite some turbulence in the first three months. United (Symbol: UAL) posted a net loss of $1.4 … Read more

How bad is bond market carnage? This unlikely sector is down 10% as inflation weighs on returns.

High-quality bonds should hold up better than stocks, right? Especially if the defaults aren’t really the concern. But that hasn’t been the case lately for the debt issued by many Fortune 500 companies, a sector particularly hard hit since the Federal Reserve shifted its stance to urgently cool inflation. High quality US corporate bonds, the … Read more

Air transport takes off. The ride will be bumpy.

After two years of lagging profits, airlines are finally gearing up to reap the rewards of a much-needed rebound in travel throughout 2022 as travelers seek to make up for lost time during the pandemic. More than 6.5 million people passed through TSA checkpoints last weekend, about 500,000 less than the 2019 figure. Airline spending, … Read more

Air transport takes off. The ride will be bumpy.

After two years of lagging profits, airlines are finally gearing up to reap the rewards of a much-needed rebound in travel throughout 2022 as travelers seek to make up for lost time during the pandemic. More than 6.5 million people passed through TSA checkpoints last weekend, about 500,000 less than the 2019 figure. Airline spending, … Read more

UK adds nine more COVID symptoms to official list as it struggles with record case load

The official list of COVID-19 symptoms has been expanded in the UK, where cases are currently at the highest level since the start of the pandemic. The National Health Service has added nine new symptoms to the list of just three, including sore throat, fatigue and headache, as reported by the Guardian. On1 in 13 … Read more