Money
Delta Airlines employees to fork out $200 per month if they aren’t vaccinated
America’s third largest airline, Delta, is set to impose a $200 monthly fee for unvaccinated employees
In addition to the new mandate – Delta Airlines also says it will only pay sick pay to COVID sufferers who have been fully vaccinated but still get infected.
The airlines CEO, Ed Bastian said it would help stem the “aggressive spread” of coronavirus as infections rise across the US.
Delta Air Lines’ brand new A220 jet lands at Hartsfield-Jackson International Airport in Atlanta, Ga. on Tuesday, December 18, 2018. (Photo by Chris Rank/Rank Studios 2018)
It is the latest attempt by a big firm to encourage staff into getting the jab
In a statement, Mr Bastian stated that the airline’s surcharge would apply from 1st of November to staff enrolled in its healthcare insurance plan, meaning most of its 75,000 workers will be impacted.
Bastian confirmed that the average hospital stay for Covid-19 now cost Delta $50,000 per person which was “untenable”.
“This surcharge will be necessary to address the financial risk the decision to not vaccinate is creating for our company,”
Delta airlines / Pictured
Masks also become a mandated requirement to the unvaccinated
Additionally, from 30 September unvaccinated staff at the airline will also be required to undertake weekly COVID-19 tests and the use of masks will be compulsory in all wear in all indoor Delta settings.
“In recent weeks since the rise of the B.1.617.2 variant, all Delta employees who have been hospitalised with Covid were not fully vaccinated.”
The Ceo said.
The latest announcement from Delta Airlines comes as US firms continue trying a range of approaches to encourage staff to get vaccinated – especially as the Delta variant of coronavirus sweeps across America.
Money
Gold hits record highs as investors flee risk
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.
The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.
Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.
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Money
Markets edge higher as 10-year yields hit new highs
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.
The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.
Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.
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Money
Commodities surge as oil volatility and metals hit record highs
Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.
Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.
Global commodities are on the move, with oil prices swinging sharply as geopolitical tensions involving Iran fuel uncertainty across energy markets. Traders are closely watching supply risks and political flashpoints, driving short-term volatility.
Precious metals are stealing the spotlight, pushing to record highs as investors seek safety amid inflation concerns, interest-rate uncertainty and rising global risk. At the same time, industrial metals are surging, supported by demand expectations and tightening supply.
To unpack what this means for markets and investors, we’re joined by Kyle Rodda from Capital.com to break down the key drivers behind this powerful commodities rally.
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#Commodities #OilPrices #Gold #Metals #MarketVolatility #Geopolitics #Investing #TickerNews
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