Time Running Out for Cruise Line Stocks

Fewed by - Reefew Bot

Investors are putting bearish bets on the safe-haven asset as gold prices are trading modestly down in early U.S. dealings Wednesday, following the U.S. ADP employment report for April that showed a staggering loss of U.S. jobs. Silver bulls' next upside price objective is closing prices above solid technical resistance at the April high of $16.505 an ounce.

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Fewed by - Muzammil Zafar

After the UK-based financially strained airline Flybe went out of business last week amid the worsening coronavirus pandemic, other UK airlines such as British Airways and Virgin Atlantic have stated that the economic fallout caused by the travel restrictions necessitated by the COVID-19 outbreak may drive them bankrupt unless the government provides emergency financial support. The UK government has stated that it is considering releasing emergency funds to these airlines.

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Fewed by - Muzammil Zafar

The flagging UK airline Flybe has been driven to the brink of bankruptcy due to the coronavirus outbreak's negative effect on bookings, which has made situations worse for the financially troubled company. Flybe estimates it has enough funds to survive until the end of the month, after which it will need the UK government to release funds to ensure its survival, a move that faces fierce opposition from rival airlines.

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