Tesla will continue to lead the pack of U.S. automakers as the incoming Biden administration provides a tailwind for the electric vehicle business, according to one Wall Street analyst.
Congressional action on a second coronavirus-relief package and the development of vaccines to treat the deadly disease enabled the lender to free $2.9 billion in loan reserves
U.S. equity futures are trending lower hours before the opening bell Friday after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden spoke about the plan after Thursday’s market close.
Oil prices were mixed on Friday as strong import data from China, the world’s biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus outbreaks.
The Federal Aviation Administration has said pilots and controllers must not fly or conduct safety-related duties for 48 hours after receiving a COVID-19 vaccine.
Longer-dated U.S. Treasury yields rallied Thursday morning after reports said President-elect Joe Biden has backed a COVID-19 relief package worth up to $2 trillion.
In the first quarter, the Atlanta-based airline expects revenue to fall by 60% to 65% from a year ago and its scheduled flight capacity to shrink by 35%.
