Lufthansa cash-positive

German airline Lufthansa will generate positive cash flow this summer, while it should be possible to fully unwind a COVID-19 rescue package in a year's time, CEO Carsten Spohr told Reuters on Tuesday.

Comments are closed.

More market movers from category

S&P 500 with a horrific result

Bitcoin is not the only asset that is having bad time now. The same applies for one of the biggest US indices, S&P 500, which has just ended the first half of the year down 20.6 %. This is the worst start to a year since 1962.

Worst first half of the year in 50 years

According to the recent numbers, the S&P 500 is on its way to close one of its worst first halves of the year in history. With about 20 % of the value of the index erased from January till June, S&P 500 is heading to the worst close of the first half of they year since 1970. Whether the loss can go even deeper depends solely on today's close.

Howard Marks looking for bargains

Founder of Oaktree Capital, Howard Marks, have specified today that now is the time for bargain hunting. He stated that as of today, he is starting to behave more aggressively, since everything is significantly cheaper as it was a year ago. Thus, he believes that now is the time to start buying.

Revlon the new Hertz?

Meme stocks were extremely popular last year, when huge number of retail investors tried to outpace huge hedge funds. It appears that some retail investors have stayed in this game and are now trying to profit from the bankruptcy filing of Revlon the same way they did with Hertz. Yet, bets like these are highly speculative and dangerous.

Congressional panel wants new trading rules

Congressional report that was released today calls for more regulations for Wall Street. The US Congressional panel has stated this amid the "meme-stock" trading saga that happened in January 2021. Robinhood was singled out for its troubling business practices and, according to the report, regulators need to step up the scrutiny of the company.

Visa and Mastercard reviewed by UK regulator

Payment Systems Regulator (PSR) in United Kingdom will conduct two market reviews of Visa and Mastercard. The goal of these reviews is to determine whether their card fees are working well and are a good deal for consumers. These two companies account for 99% of all the debit and credit card payments in UK. Yet, the whole process can take years.

More market movers

S&P 500 with a horrific result

Bitcoin is not the only asset that is having bad time now. The same applies for one of the biggest US indices, S&P 500, which has just ended the first half of the year down 20.6 %. This is the worst start to a year since 1962.

Copper sinks below 8 000 dollars

Copper has just sunk below 8 000 dollars a ton, the lowest price in more than 18 months. It is likely that Copper, just like other industrial metals will fall in the price in the coming days and weeks mostly due to the fears of the incoming global financial recession.

The worst quarter in the history of BTC

Bitcoin has lost around 56 % of its price in the past three months, which means that it has closed the worst quarter in its history. Until now, the worst quarter was the Q1 of the year 2018, when BTC lost about 50% of its price after it reached ATH. Yet, many view this as an excellent opportunity for buying and DCA.

SEC rejected Grayscale’s Bitcoin ETF – lawsuit incoming

The US Securities and Exchange Commission has rejected yet another Bitcoin spot ETF. The proposed move from Grayscale to switch Grayscale Bitcoin Trust (GBTC) to Bitcoin ETF was rejected due to failure to meet the required standard to prevent fraud and manipulation. Grayscale decided to take this decision to the court and sued SEC immediately.

Worst first half of the year in 50 years

According to the recent numbers, the S&P 500 is on its way to close one of its worst first halves of the year in history. With about 20 % of the value of the index erased from January till June, S&P 500 is heading to the worst close of the first half of they year since 1970. Whether the loss can go even deeper depends solely on today's close.

Double digit inflation in Spain

The current inflation numbers in Spain showed that the inflation in the country jumped from 8.7 % to about 10.2 %. With double digit inflation in one of the biggest countries in the Europe, the European Central Bank will need to speed up its monetary tightening efforts and become more hawkish, if it wants to stop this metric from growing.

News

General Motors is facing a major chip shortage

GM was unable to deliver nearly 100,000 vehicles in the second quarter because it was short of chips and other parts.

EUR/USD drops after highest inflation reading ever

Today, the euro has been under pressure in a downtrend channel, as the market awaits the release of the ISM manufacturing PMI for June.

A distasteful month for commodities

The fear of recession and economic slowdown takes the commodities down. Metal, agriculture, and even the energy sector went down last month.

Harmony is offering one million to recover from the hack

Another massive hack in which Harmony lost a total of about $ 100 million. The company offers a reward for returning cryptocurrencies.