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Recovery

RV makers roll toward a V-shaped recovery amid COVID

RV makers roll toward a V-shaped recovery amid COVID

By: Timothy Aeppel
Source: Reuters
Date of Publication: September 21st, 2020
At least one American industry is rolling toward a V-shaped recovery. Wholesale shipments of recreational vehicles - which have surged in popularity as Americans sought to travel without the need to touch hotel or restaurant doorknobs - are projected to set a record next year, according to an analysis seen by Reuters prepared for the RV Industry Association. The report is being released today.
U.S. weekly jobless claims flattening; labor market recovery showing signs of fatigue

U.S. weekly jobless claims flattening; labor market recovery showing signs of fatigue

By: Lucia Mutikani
Source: Reuters
Date of Publication: September 10th, 2020
The number of Americans filing new claims for unemployment benefits hovered at high levels last week, suggesting the labor market recovery from the COVID-19 pandemic was stalling.
Surging demand for medical equipment puts Philips on course for second-half recovery

Surging demand for medical equipment puts Philips on course for second-half recovery

By: Bart H. Meijer
Source: Reuters
Date of Publication: July 20th, 2020
Electrical equipment maker Philips said a recent surge in orders for scanners and other medical equipment should enable group sales and margins to rebound over the next six months from a slump in the second quarter.
Aerospace leaders say collaboration, government support help mitigate pandemic

Aerospace leaders say collaboration, government support help mitigate pandemic

Source: Reuters
Date of Publication: July 20th, 2020
Deeper industry collaboration and government support will help Europe’s aerospace companies ride out the coronavirus pandemic, sector leaders said on Monday, as they juggle lower revenues with the need to invest in cleaner air travel for the future.
U.S. retail sales pop more-than-expected in June

U.S. retail sales pop more-than-expected in June

Source: Reuters
Date of Publication: July 16th, 2020
U.S. retail sales increased a better-than-expected 7.5% in June. That was on top of the 18.2% jump in May, which was the biggest gain since the government started tracking the series in 1992. The budding economic recovery is being threatened, however, by a resurgence in new Covid-19 infections and high unemployment.
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Airbnb says one million nights booked in one day

Airbnb says one million nights booked in one day

Source: Reuters
Date of Publication: July 14th, 2020
Home rental firm Airbnb Inc said on Tuesday its guests have booked more than 1 million nights globally on July 8, offering an early sign of recovery after a slowdown in reservations during the COVID-19 pandemic.
Delta trims August flights amid resurgent virus, CEO says demand 'at a stall'

Delta trims August flights amid resurgent virus, CEO says demand 'at a stall'

By: Tracy Rucinski
Source: Reuters
Date of Publication: July 14th, 2020
Delta Air Lines (DAL.N) scaled back the flights it planned to add in August amid a surge in COVID-19 cases and warned it will be more than two years before the industry sees a sustainable recovery from the “staggering” impact of the pandemic.
Some jobs are coming back, but economy will need years to heal

Some jobs are coming back, but economy will need years to heal

By: David J. Lynch
Source: Washington Post
Date of Publication: July 3rd, 2020
“The situation is really fluid. And it changes day by day,” Jeff Gennette, Macy’s chief executive, told investors this week on an earnings call. The same could be said of the entire U.S. economy, which has defied the most pessimistic forecasts yet still faces an uncertain trek back to its former heights. With the unemployment rate at 11.1 percent, worse than at any point during the Great Recession, and output continuing to decline, the healing could go on for years.
Oil Gains Past $43 With Saudis Raising Prices, Equities Rallying

Oil Gains Past $43 With Saudis Raising Prices, Equities Rallying

By: Alex Longley and Saket Sundria
Source: Bloomberg
Date of Publication: July 5th, 2020
Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed.
U.S. consumer confidence rebounds in June, but rising COVID-19 infections a worry

U.S. consumer confidence rebounds in June, but rising COVID-19 infections a worry

Source: Reuters
Date of Publication: June 30th, 2020
U.S. consumer confidence grew more than expected in June, strengthening views that the economic downturn was likely over, though rising COVID-19 infections threatened to derail the budding recovery.