Money
The world’s best airlines have been revealed
The world’s best airlines have been revealed for 2021
After a year of cancellations, refund requests and the grounding of entire fleets, AirlineRatings.com has announced the world’s best airlines.
Qatar Airways took out the top spot, while Air New Zealand fell to second.
Air New Zealand has topped the list in previous years. Singapore Airlines came in third, after finishing first in 2019.
Geoffrey Thomas is the editor-in-chief at AirlineRatings.com, who says Qatar Airways’ response to the pandemic sealed the deal for the top spot.
“Qatar Airways has always featured highly in our rankings, winning various awards such as Best Business Class but it was the airline’s commitment to keeping its route network largely open that attracted the judges’ praise and votes.”
Mr. Thomas says the airline’s repatriation flights, and ongoing safety commitment during the pandemic secured the airline its top ranking.
Cathay Pacific, Virgin Atlantic, United Airlines, EVA Air and British Airways round out the top 10.
The judges focus on a range of key factors. But the financial impacts of Covid-19 on the industry led to experts dropping the profitability category.
“We had to drop that this year because virtually all airlines are losing money,” Mr. Thomas says.
The rankings are usually announced in November. But Covid-19 forced the aviation safety and rating agency to postpone the rankings.
Mr Thomas says the prolonged world’s best airlines rankings allowed his company to “see how the industry would handle the pandemic over a longer period of time before making selections”.
Money
Stocks rally ahead of Thanksgiving as markets log four days of gains
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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Money
Dow surges 500 points amid rate cut optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Money
Gold prices surge as Central Banks buy big, but risks grow ahead
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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