Money
TICKER VIEWS – Why governments should be compensating airlines for COVID disruptions
A year into the pandemic and yet on the rare occasion, a border is snapped shut due to the detection of a few cases of COVID-19.
That’s the case in Australia, at least.
There is no doubt the nation is doing incredibly well with managing the virus – in fact, the country rarely records a locally transmitted case.
“Unprecedented” – Why airlines didn’t know how serious COVID-19 was when it all started
On the rare occasion that the nation does record a case of COVID-19, often we see the states and territories of Australia snap their borders shut, in fear that the virus will enter.
But when this happens, what happens to businesses that are impacted by the loss of revenue? Who compensates the world’s airlines when flights are forced to be canceled and travel grinds to a halt?
Internationally, the problem remains much the same.
Irish A330 First Officer, Brian O’Leary says airlines still being ‘left on the ropes’ and Governments aren’t providing enough support.
Small Business Australia’s Bill Lang, who says ‘it’s time for Governments to do more and start compensating the industry before it becomes too late.
What the aviation sector has to say:
The Australian Aviation sector continues to slowly recover from the devastation caused in 2020.
We’re now seeing airlines bounce back to 80 percent capacity of pre-COVID levels.
But still, the industry is brought to its knees when border closures are put into place, having to cancel flights, furlough employees and leave many travellers frustrated by the news that their flight ‘won’t be going ahead today’
Declan Kiddle, an Australian Aviation Operations Controller based in Perth, Western Australia, says the industry heavily on Jobkeeper, a former wage subsidiary.
Kiddle says the announcement of a $1.2 billion aviation and travel support package for the troubled sector has been welcomed, but the continuation of snap-border closures is resulting in traveller hesitancy.
Vaccinations and travel
Airlines right across the world are heavily reliant on the rollout of the COVID-19 vaccine.
Carriers such as Emirates have begun implementing full digital verification procedures to ensure smoother processing of passengers without needing physical paperwork.
Other airlines such as Australian carrier, Qantas has hinted at making it mandatory for all passengers that wish to travel overseas to have received a COVID jab.
Money
U.S. markets mixed as tech slumps and Fed moves spark uncertainty
Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.
Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.
US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.
Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.
We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.
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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights
Money
Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns
Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.
Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.
Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.
Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.
The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker
Money
S&P 500 dips as tech stocks struggle with AMD leading losses
S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.
S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.
The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.
Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.
Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.
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