Day: August 20, 2020

Low-cost airlines may have an edge in current environment: Analysts

spike 6 months ago

Jeju Air plane at Seoul Incheon International Airport.

Benard | Andia | Universal Images Group | Getty Images

Low-cost carriers (LCCs) are likely to have an advantage in a price-sensitive and regionally focused air travel market, analysts told CNBC. However, one observer cautioned that the benefit can only be enjoyed when demand recovers.

The coronavirus pandemic decimated the global tourism market when border restrictions were put in place, and airlines were no exception. The International Air Transport Association (IATA) said there is pent-up demand for travel, but consumer confidence is weak because, besides fears over the virus, there are “concerns

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NBA considering permanent play-in, series-like schedule for 2021

spike 6 months ago

C.J. McCollum #3 and Damian Lillard #0 of the Portland Trail Blazers speaks to the media during the Western Conference Play-In game against the Memphis Grizzlies as part of the NBA Restart 2020 on August 15, 2020 at The Field House at ESPN Wide World of Sports Complex in Orlando, Florida.

Jim Poorten | National Basketball Association | Getty Images

As the shortened National Basketball Season under the bubble in Orlando moves into the playoffs, the ratings numbers are scattered all over, with some networks deciding to include total viewership (streaming), arguing that media consumption habits have changed, especially with

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U.S. stock futures rise slightly as Wall Street wraps up a record-setting week

spike 6 months ago

Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City.

Johannes Eisele | AFP | Getty Images

U.S. stock futures rose on Thursday night as traders were set to end a week which saw the broader market reach a record level.

Dow Jones Industrial Average futures traded 32 points higher, or 0.1%. S&P 500 and Nasdaq 100 futures also climbed 0.1%.

Earlier this week, the S&P 500 broke above its late-February high and notched a fresh all-time high. The Nasdaq Composite also hit a record on

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Ross Stores, Keysight Technologies & more

spike 6 months ago

Traders work on the floor of the New York Stock Exchange during the afternoon of October 14, 2015 in New York City.

Andrew Burton | Getty Images News | Getty Images

Check out the companies making headlines after hours on Thursday:

Ross Stores — Shares of the discount retailer rose about 0.5% in after-hours trading on the back of a surprise profit and better-than-expected revenues. Ross posted a profit of 6 cents per share, which includes a benefit of 19 cents per share, and revenue of $2.68 billion for the first quarter. Analysts polled by FactSet expected a loss of

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