The Nasdaq composite rose to a record high, with the Dow Jones and S&P 500 also solidly higher. Investors quickly moved past new China trade war threats from President Donald Trump. JPMorgan Chase (JPM) kicked off bank earnings amid concerns about a flattening yield curve. Crude prices tumbled from multiyear highs. Twitter (TWTR) deleted fake accounts while American Airlines (AAL) and peers struggle with fuel costs. Tesla (TSLA) announced a China deal but also said U.S. tax credits will phase out. Broadcom (AVGO) announced a big takeover deal that analysts panned. X Stocks Power Higher The Dow Jones and S&P 500 rose solidly, while the Nasdaq composite rallied to a record high. That's despiter President Trump setting the stage for tariffs on a further $200 billion in Chinese goods.. FANG stocks Amazon (AMZN), Facebook (FB) and Google parent Alphabet (GOOGL) and several software stocks powered to all-time levels. Energy stocks, including several flirting with buy … [Read more...] about Nasdaq Hits High As Stocks Ignore Trump Trade War, Oil, Airlines: Weekly Review
Airlines slash prices
Pilot-hungry airlines are raiding flight schools
Andrew Van Dam, The Washington Post Published 7:35 am, Monday, May 21, 2018 Photo: Scott Glass Image 1of/1 CaptionClose Image 1 of 1 Cade Glass, 13, poses by a Cirrus SR20 airplane during a lesson at Chesterfield County Airport near Richmond, Va., in March. Glass has wanted to be a pilot since at least 7. Cade Glass, 13, poses by a Cirrus SR20 airplane during a lesson at Chesterfield County Airport near Richmond, Va., in March. Glass has wanted to be a pilot since at least 7. Photo: Scott Glass Pilot-hungry airlines are raiding flight schools - creating a shortage of instructors to train the next generation 1 / 1 Back to Gallery Airlines' insatiable demand for pilots threatens to sabotage flight schools' ability to train new ones. Carriers are raising wages and hoarding every available pilot - including the … [Read more...] about Pilot-hungry airlines are raiding flight schools
Pilot-hungry airlines are raiding flight schools – creating a shortage of instructors to train the next generation
Skip to main Content Alaska News Alaska Life Politics Outdoor/Adventure Opinions Sports Alaska Visitors Guide Local Anchorage | Anchorage 55°F Anchorage: 55°F Subscribe Obituaries Customer Service E-edition Feedback Sponsored Content Real Estate Business/Economy Author: Andrew Van Dam, The Washington Post Share on Facebook Share on Twitter Share via Email Share on Tumblr Share on Reddit Share on LinkedIn Share on Google Plus Print article Airlines' insatiable demand for pilots threatens to sabotage flight schools' ability to train new ones. Carriers are raising wages and hoarding every available pilot – including the instructors schools rely on to teach incoming students. The very pilot pipeline that is supposed to meet decades of projected labor shortfalls is being squeezed. According to a report from the Government Accountability … [Read more...] about Pilot-hungry airlines are raiding flight schools – creating a shortage of instructors to train the next generation
Finances weaken fast as Air France-KLM, Europe’s top airline, faces labor and competitive pressures
Air France likes to present itself as a cut above other European airlines. Offering fancy French food and free champagne in economy class on long-haul flights, the company's strategy is to justify its high ticket prices by offering a premium service. But facing intransigent unions at home and competition from abroad, the airline's financial fizz is rapidly going flat. A drawn-out fight with its unions has toppled the boss of its parent group, Air France-KLM, yet again. On May 4, Jean-Marc Janaillac, its chief executive, resigned after its workers voted against a pay rise of 7 percent over four years. His predecessor, Alexandre de Juniac, left two years ago after two executives had their shirts violently ripped off by a mob of angry workers over a restructuring plan. The latest resignation is more serious because investors are also losing their patience. Air France-KLM's shares have halved in value since January; over the same period those of rival carriers such as IAG and Ryanair have … [Read more...] about Finances weaken fast as Air France-KLM, Europe’s top airline, faces labor and competitive pressures
Stock Market Rises On Netflix, Oil; Slashes Gains On Chips, Apple: Weekly Review
The S&P 500 index, Dow Jones industrial average and Nasdaq composite rose strongly early in the week, but then slashed gains. Netflix (NFLX) soared on subscriber growth and guidance, while energy stocks busted higher as crude oil prices kept soaring. Alcoa (AA), American Express (AXP) and UnitedHealth (UNH) jumped on their Q1 reports. That offset weak outlooks from Taiwan Semiconductor Manufacturing (TSM) and chip-gear giants Lam Research (LRCX) and ASML (ASML). The broader chip sector and Apple (AAPL) came under pressure. X Stock Market Rallies On Netflix, Oil, Pares Gains On Apple, Chips The S&P 500 index, Dow Jones and Nasdaq composite all rose as of Friday morning. After vaulting above their 50-day lines on Monday, the major averages kept rallying through Wednesday on Netflix (NFLX) earnings and oil-fueled energy stocks. Stocks pulled back as Taiwan Semiconductor Manufacturing (TSM) warned on the rest of 2018, citing weak smartphone demand. Already pressured by … [Read more...] about Stock Market Rises On Netflix, Oil; Slashes Gains On Chips, Apple: Weekly Review