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US hotels spin travel demand into gold as airlines struggle

A man exits the Four Seasons Hotel, which was later clarified by President Donald Trump’s official Twitter channel as not the Four Seasons location mentioned for the legal team’s press conference, in Philadelphia, Pennsylvania, US November 8, 2020. The press conference was subsequently held at the Four Seasons Total Landscaping company in Philadelphia. REUTERS / …

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US banks finally see upturn in credit-card borrowing

NEW YORK, June 10 (Reuters) – Big US banks including JPMorgan Chase & Co (JPM.N) and Citigroup (CN) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans. Last week, JPMorgan Chairman and CEO Jamie Dimon warned …

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US adds 25 Airbus planes operated by Russian airlines to export violation list

A Ural Airlines Airbus A321-200 airplane takes off from the airport in Palma de Mallorca, Spain, July 29, 2018. Picture taken July 29, 2018. REUTERS / Paul Hanna Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 2 (Reuters) – The US Commerce Department on Tuesday will add 25 Airbus airplanes operated by …

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Sunbit issues credit card

Sunbit, the company building financial technology for everyday expenses, announced that it has expanded beyond point-of-sale lending with the introduction of a new, next-generation credit card. The Sunbit Card delivers unprecedented flexibility and a personalized APR for every approved consumer. In addition to standard credit card functionality, cardholders can choose to pay in full or …

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Inflation begins to strain finances of young, low-income Americans

A shopper wearing a face mask is pictured at a Dollar Tree store in Pasadena, California, US, June 11, 2020. REUTERS / Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 1 (Reuters) – As high inflation forces Americans to spend more on gas and bills, young and low-income consumers …

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Pilot strike grounds more SAS flights as first Chapter 11 court date nears

SAS airplanes are parked at the Oslo Airport Gardermoen, as Scandinavian airlines (SAS) pilots go on strike, Norway July 4, 2022. Beate Oma Dahle/NTB via REUTERS Register now for FREE unlimited access to Reuters.com Register Data shows 63% of SAS flights canceled on Wednesday Pilot strike grounding flights as SAS files for Chapter 11 US …

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US will not lift travel restrictions, citing Delta variant, White House says

WASHINGTON, July 26 (Reuters) – The United States will not lift any existing travel restrictions “at this point” due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of US coronavirus cases, the White House confirmed on Monday . The decision, which was first reported by Reuters, comes after a senior …

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High fares, rising economic worries could weigh on airline recovery

DOHA, June 20 (Reuters) – Pent-up demand from the pandemic means consumers are weathering high airfares, but as summer ends and inflation and interest rate rises begin to bite, there are growing questions over whether the appetite for travel is sustainable. Global airlines are now expected to post a $ 9.7 billion loss in 2022, …

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New GSK takes flight with strong quarter, forecast boost

Q2 adjusted earnings, forecast beat GSK boosted by record shingles vaccine sales Haleon sees H1 revenue growth of over 13% LONDON, July 27 (Reuters) –Days after carving out its consumer health business, a slimmed down GSK (GSK.L) delivered a strong second-quarter performance on Wednesday, boosting its full-year forecast as demand for its blockbuster shingles vaccine …

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