The Dow Jones Transportation Average rallied to a five-month high this week, underpinned by bullish sentiment in reaction to COVID-19 curve-flattening across the Southern and Southwestern states. Package delivery services are leading the advance, with United Parcel Service, Inc. (UPS) surging to an all-time high. A steady airline bounce is also supporting the upside, after TSA reported the strongest air […] What United Airlines wants to know before you board your flight; how Hilton is making guests feel more comfortable Fox Business Briefs: United Airlines is asking passengers to complete a health assessment before boarding; Hilton begins a worldwide rollout of its ‘CleanStay’ program to make guests feel more comfortable in its hotels. United Airlines will clean the flight decks of its […] Sweden's light-touch lockdown failed to spare its economy from a historic plunge in GDP as COVID-19 triggered a collapse in exports and spending. Output contracted by a record 8.6 per cent in the second quarter compared with the previous three months, but the Nordic nation suffered a much smaller hit than many European economies. Despite some of the most relaxed […] The Institute for Supply Management tracks activity in the manufacturing and non-manufacturing sectors, and its readout for the services sector posted its second monthly gain in a row for July. The Services PMI for July rose 1 percentage point to 58.1%, beating an expected contraction to 55.0% that had been published as the consensus from Econoday. The ISM report showed […] After four months of contraction, the euro area private sector expanded at the fastest pace since mid-2018 as easing of Covid-19 lockdown restrictions boosted demand and expectations, final data from IHS Markit showed Wednesday. The IHS Markit final composite output index rose to 54.9 in July from 48.5 in June. The flash reading was 54.8. Both the manufacturing and service […] Shares of “Grand Theft Auto” publisher Take-Two Interactive surged on Tuesday after the company raised its annual sales forecast, citing surging demand from gamers stuck at home because of the coronavirus. The gaming giant on Monday reported robust sales for titles like “NBA 2K,” which saw recurring consumer spending jump 126 percent to a new record. First-quarter revenue totaled $996.2 […] Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income fell 60 percent due to the impact of the coronavirus pandemic, but said orders were “very strong,” sending the luxury carmaker’s shares up nearly 4 percent. Chief executive Louis Camilleri told analysts that last quarter’s order book was up double digits (percentage) in absolute terms, versus the same period […] Tyson Foods, Inc. (TSN) reported third quarter adjusted net income per share attributable to company of $1.40 compared to $1.47, a year ago. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.94, for the quarter. Analysts’ estimates typically exclude special items. Adjusted operating income declined year-on-year to $760 million from $796 […] Delta announces new health screening measures; Disney slashes its spending on Facebook Fox Business Briefs: Delta Air Lines rolling out additional protocol for those who cannot wear a mask because of a medical condition and says any customers who make false claims about a condition may be banned from future flights; Walt Disney joining the list of advertisers cutting ad […] Democrats have ‘walked away’ from coronavirus stimulus deal: Rep. Williams Rep. Roger Williams, R-Texas, discusses progress in closing a coronavirus stimulus deal in the final hours of deliberation. FOX Business’ Edward Lawrence with more. Treasury Secretary Steven Mnuchin said he and White House Chief of Staff Mark Meadows will meet with congressional leaders every day until there's agreement on phase […]
Curve Flattening Lifts Transportation Stocks
United adds coronavirus UVC light cleaning protocol for pilots as pandemic continues
Swedish economy suffers record hit but escapes ‘horror show’ after controversial COVID-19 approach
Despite Rising COVID-19 Cases, Services Economy Keeps Recovering
Eurozone Private Sector Expands For First Time In 5 Months
Take-Two earnings on the rise as lockdowns boost video game sales
Ferrari’s orders accelerate despite profit drop
Tyson Foods Q3 Profit Tops Estimates; Names Dean Banks CEO
Delta flight turns around after 2 passengers refuse to wear coronavirus masks
Democrats, White House still at odds over extra coronavirus unemployment benefits