The $10 billion container shipping industry, the one that moves boxes full of everything and anything around global seas, has this phenomenon called “blank sailings.” To understand the term of art, think of the world-spanning ocean-bound trade economy like a bus system, where several buses—or ships—are making stops along a set route. If the people … Read more
Oil prices fell and stocks were mixed on Thursday in thin holiday trading, following weak US economic data that added to growth concerns. Several markets were shut in Europe and Asia for the May 1 holiday, including in France, Germany, Hong Kong and mainland China. Among markets that were open, London was flat, while Tokyo … Read more
Futures for Canada’s commodity-heavy main stock index fell on Thursday, reflecting a decline in oil and gold prices as a contraction in the U.S. economy heightened fears of weakening demand. The TSX Composite Index finished negative 32.8 points to close Wednesday at 24,841.68. June futures were off 0.2% Thursday. The Canadian … Read more
Asia-Pacific markets traded mixed on Wednesday as traders parsed a slew of key economic data in the region. In Japan, markets returned to trading after Tuesday’s holiday with the Nikkei 225 hiking 205.39 points, or 0.6%, to 36,045.38. The Bank of Japan kickstarts its policy meeting on Wednesday, and is widely expected … Read more
China’s top leaders pledged on Friday to step up support for the economy and oppose “unilateral bullying” in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump. The world’s two largest economies are engaged in a high-stakes trade war that has spooked markets and spurred major manufacturers to reconsider … Read more
American Airlines withdrew its full-year profit forecast Thursday, citing economic uncertainty that has clouded its outlook for hiring and capacity additions. Executives from the large US carrier said business travel remained on solid footing as it projected second-quarter profitability amid healthy demand for international travel from the United States. While American plans to add between … Read more
Australia’s Governance Performance Under Scrutiny in New Report Ahead of Federal Election Los Angeles/DNA – As Australia prepares for its federal election on May 3, a new report has shed light on the country’s governance performance. The Australia BGI Report, released by researchers from the Berggruen Institute think tank, the Luskin School of Public Affairs … Read more
Southwest Airlines (LUV) has reported a quarterly financial loss and pulled its guidance for the remainder of the year, citing “macroeconomic uncertainty.” The Dallas, Texas-based carrier reported a first-quarter loss of -$0.13 U.S. per share, which was better than a loss of -$0.18 U.S. expected among analysts. Revenue in the quarter totaled $6.43 … Read more
President Donald Trump’s various U-turns are leaving Americans disillusioned — especially after he was elected on vows of guaranteeing economic prosperity. He has floated wanting to fire the Fed chair before backing off for now, and he slapped tariffs on China only to then promise compromise and mollification. “There is no chance the US flip-flops … Read more
American Airlines (NASDAQ:AAL) withdrew its 2025 financial guidance on Thursday, joining other carriers that are grappling with an uncertain outlook on the U.S. economy and weaker-than-expected leisure travel bookings this year. American said that the 0.7% increase in unit revenue in the first quarter was driven by strength in international bookings and premium … Read more