Expedia bookings down 90% from last year as virus hammers travel

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Expedia bookings down 90% from last year as virus hammers travel

Expedia Group Inc.’s whopping 82 per cent decline in revenue in the second quarter has laid bare the total devastation the coronavirus has wreaked on the travel sector. Shares dipped as much as 4.8 per cent in post-market trading. The Seattle-based online …
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The Insurance Industry Is At Risk From Huge Bet In CLOs (Radio)

Katherine Chiglinsky, Bloomberg finance reporter, on the $158 Billion CLO bet putting the insurance industry at risk. Hosted by Paul Sweeney and
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Everything, Um, Unusual About Kodak's Trump-Assisted Pivot to Pharmaceuticals

Shares for Kodak, a company best known for selling cheap cameras and film, saw an astronomical 1,600 percent surge in value this week as news spread that it was pivoting to manufacturing generic pharmaceutical products to help combat the coronavirus …
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Philadelphia Flyers to award free advertising to 5 small businesses

The Philadelphia Flyers will be awarding half a million dollars in free advertising to five local businesses impacted by COVID-19. The team has been taking applications this week, but the deadline is coming up on Sunday, August 2. The five small businesses …
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Trump Is Trying To Sow Doubt On Election: Schenker (Radio)

Marty Schenker, Chief Content Officer for Bloomberg, on President Trump floating an election delay, after ally Herman Cain dies of covid-19 and GDP
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