Norwegian Air Shuttle ASA is facing its worst crisis ever and just went through a big restructuring, but the airline’s market value has never been higher.
The floor, known worldwide for an anarchic atmosphere with traders shouting orders over one another, has been closed since mid-March due to the coronavirus outbreak. The NYSE says fewer traders will be on the floor at a given time for now in order to support six-feet social distancing requirements. They also must wear masks.
Fitness clubs rocked by Covid-19 closures face a swell of bankruptcies with more than $10 billion of revenue wiped out as clients ditch memberships, according to investment bank Harrison Co.
South Africa has implemented diesel rationing, as demand recovered more quickly than expected after a lockdown to control the spread of coronavirus was eased.
American markets were playing some catch-up after the Memorial Day long weekend, buoyed by some optimism over the gradual reopening of global economies.
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