Alexa

Airbnb reports huge loss in first time out as public company

Home-sharing site Airbnb posted a $3.9 billion loss in the fourth quarter of 2020 as it suffered from the pandemic downturn in travel and recorded one-time costs for becoming a public company. ...

Business Highlights

___ Cost of a single Bitcoin exceeds $50,000 for first time SILVER SPRING, Md. (AP) — The seemingly unstoppable rise of Bitcoin continued with the cost of a single ...

Marriott CEO Sorenson, 62, dies of pancreatic cancer

Marriott Chief Executive Arne Sorenson, who grew the company into the world’s largest hotel chain and steered it through a global pandemic that has been catastrophic in the travel industry in the past...

Dubai airport sees passenger traffic drop 70% amid pandemic

DUBAI, United Arab Emirates (AP) — Dubai International Airport saw the coronavirus pandemic push passenger traffic down by an unprecedented 70% in 2020 compared to the previous year, its CEO announced...

Business Highlights

___ Sign of inequality: US salaries recover even as jobs haven’t WASHINGTON (AP) — Americans as a whole are now earning the same amount in wages and salaries that t...

UK economy shrinks 9.9%, biggest annual decline on record

LONDON (AP) — Britain’s economy suffered its biggest decline on record last year as the coronavirus pandemic closed shops and restaurants and and devastated the travel industry. But ...

Lying on arrival could mean 10 years in prison in England

LONDON (AP) — Anyone arriving in England and found to have lied about a recent visit to a country on the travel ban list faces up to 10 years in prison under new tough coronavirus border policies anno...

Delta CEO Ed Bastian discusses testing, summer 'surge'

Passenger traffic on U.S. airlines has dropped again to levels not seen in a couple decades, but Delta Air Lines CEO Ed Bastian thinks there will be a summer surge, at least within the United States. ...

US factories grew in January, but at a slower pace

SILVER SPRING, Md. (AP) — American factories continued to expand in January, but at slower pace than December. The Institute for Supply Management reported Monday that its gauge of m...

American Airlines set to issue new stock after price run-up

DALLAS (AP) — American Airlines’ stock rose earlier this week during market volatility around struggling companies, and now the airline is using the opening to sell up to $1.1 billion in new shares. ...

Airlines close books on rotten 2020 and so far, 2021 is grim

DALLAS (AP) — Southwest Airlines lost $3.1 billion last year, its first full-year loss since Richard Nixon was president and gasoline sold for about 36 cents a gallon with no extra charge for the atte...

Pandemic pushes Southwest to first full-year loss since 1972

DALLAS (AP) — Southwest Airlines Co. said Thursday it lost $3.1 billion in 2020, its first full-year loss since its early days in 1972, and said bookings for early this year have stalled in the face o...

Asia Today: Sri Lanka reopens to tourists after 10 months

COLOMBO, Sri Lanka (AP) — Sri Lanka reopened to foreign tourists Thursday after a nearly 10-month pandemic closure that cut deeply into the Indian Ocean island nation's lucrative travel industry. ...

US factories grew in December at fastest pace since mid-2018

WASHINGTON (AP) — American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector. ...

Thailand finds new coronavirus clusters in south and east

BANGKOK (AP) — Health officials in Thailand said Saturday that two new clusters of coronavirus cases have been found that appear to be linked to a major outbreak discovered a week earlier among migran...