Lufthansa Posts Negative Adj. EBIT In Q3; Sees Demand For Air Travel Remains Low

Lufthansa Group reported that its third-quarter preliminary adjusted EBIT was negative 1.262 billion euros, compared to positive 1.297 billion euros in the prior year. Lufthansa said that the corona crisis impacted its earnings development in the third quarter of 2020. However, losses were reduced compared to the second quarter, due to an expansion of the […]

Dark deja vu for European economy as virus cases spike

Europe’s economy was just catching its breath from what had been the sharpest recession in modern history. A resurgence in coronavirus cases this month is a bitter blow that will likely turn what was meant to be a period of healing for the economy into a lean winter of job losses and bankruptcies. Bars, restaurants, […]

Calliditas Therapeutics: On The Watch For Nefigard Data

Shares of Calliditas Therapeutics AB (CALT) have gained nearly 21% so far this month, as the company gears up for a clinical trial catalyst this quarter. Calliditas, based in Sweden, is a clinical-stage biopharmaceutical company developing novel treatments in orphan indications, with an initial focus on renal and hepatic diseases. The lead product candidate is […]

Amazon Prime Day sales surge 45 percent to over $10 billion

Amazon reportedly raked in more than $10 billion during this week’s two-day Prime Day sale. The record-breaking number represents a 45.2 percent increase over last year’s Prime Day event in July, according to a report by Digital Commerce 360. The Amazon Prime Day sale was delayed by several months because of the pandemic, which put […]

Netflix Earnings: What to Look For

Key Takeaways Analysts estimate EPS of $2.12 vs. $1.47 in Q3 2019 Global streaming paid memberships are expected to rise sharply YOY. Revenue expected to increase as consumers watch more streaming entertainment amid COVID-19 pandemic. Netflix Inc. (NFLX) is among a group of tech companies that are not only unfazed by the COVID-19 pandemic, but […]

DOJ charges Texas billionaire in $2 billion tax fraud scheme

Fox Business Flash top headlines for October 15 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. SAN FRANCISCO (AP) — Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Continue Reading […]

What happens to a student loan if you drop out?

Taking a break from college? Then pay attention to student loans, as lenders will be paying attention to borrowers. (iStock) Every wide-eyed college student hits campus with the goal of graduation, complete with a great academic and lifestyle collegiate experience. However, paying for college is a barrier many students run into — and leads many to leave […]

Walmart plans to spread out deals to avoid Black Friday crowds

NEW YORK — Walmart says it will spread out its traditional one-day Black Friday deals over three weekends in November in an effort to reduce crowds in its stores during a pandemic. The nation’s largest retailer said Wednesday that more of its doorbuster deals will be reserved for online, as a way to steer more […]

Theater chain AMC could run out of cash by end of 2020

AMC, the nation’s largest movie theater chain, said on Tuesday that its “existing cash resources would be largely depleted by the end of 2020 or early 2021,” if current trends continue. Once it runs out of cash, movie house will “require additional sources of liquidity or increases in attendance levels” to meet its financial obligations, […]

Don't ignore low student loan rates — why you should refinance today

Student loan refinancing rates are near record lows. Here’s why you should consider refinancing now. (iStock) Coronavirus has resulted in an unprecedented opportunity for student loan refinancing at record low rates. In an effort to bolster the economy, the Federal Reserve has set its benchmark interest rate between 0% and 0.25%. Continue Reading Below To […]