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Added on the 21/01/2016 22:58:09 - Copyright : Reuters EN
The drop in fuel prices boosted United Airlines' profit, but hurt sales to energy clients. Leah Duncan reports.
On Monday, US stocks rallied as investors bet on the distribution of Pfizer's COVID-19 vaccine and stimulus progress to lift the economy. According to Business Insider, a bipartisan $908 billion stimulus proposal is set to be formally unveiled on Monday. One package will include $748 billion in funds for highly supported measures. A smaller package including more controversial state and local government aid and liability protections for businesses. On Monday, Pfizer and BioNTech will deliver their coronavirus vaccine. Oil prices ticked higher after a tanker exploded in a Saudi Arabian port. West Texas Intermediate crude gained as much as 1.9%, to $47.44 per barrel.
US stocks dipped slightly on Wednesday as investors weighed the latest stimulus talk developments. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before the deadline. According to Business Insider, the two are now working to finalize a proposal before the weekend. Senate Democrats rejected Republicans' $500 billion "skinny bill," leaving both parties stuck in a deadlock. Disagreements over a relief bill are still significant between the Republicans and Democrats. The White House recently offered a $1.9 trillion bill, coming in well below Democrats' $2.2 trillion package.
Falling oil prices dragged down energy shares. But the major indices still posted gains for the week, as Fred Katayama reports.
Images of a Boeing factory in North Charleston, South Carolina as United Airlines unveiled an order of 100 new Boeing 787 Dreamliners with options for an additional 100 jets. The huge order, the largest by an American carrier for this class of aircraft, marks a victory for Boeing, which has targeted mid-decade as the period it expects to return to its pre-pandemic financial health after the 737 MAX scandal and other woes. The Boeing 787 aircrafts shown in the video are the same model but not the specific ones bought by United Airlines. IMAGES
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