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Airbus Is Crushing Boeing on Aircraft Deliveries – Motley Fool

The long-running 737 MAX grounding is making a bad situation even worse for Boeing.

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Boeing and Airbus are used to volatility, due to the boom-bust cycles that have been typical of the airline industry throughout its history. However, the coronavirus-induced aviation bust of 2020 is shaping up to be the worst in memory, as demand for new airplanes plunged quite suddenly following years of strength.
The impact on the plane makers hasn’t been equal, though. For Boeing, the pandemic is compounding the impact of the 737 MAX grounding, which has now surpassed 19 months. As a result,…

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Target to pay more than $70 million in bonuses to hourly employees ahead of holidays – CNBC

Target said Monday that it will spend more than $70 million on another round of employee bonuses during the coronavirus pandemic.

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Target said Monday that it will spend more than $70 million on another round of employee bonuses during the coronavirus pandemic, as the holiday shopping season picks up.
The retailer will pay $200 to its more than 350,000 employees who work at stores, distribution centers and contact centers, according to a post on its corporate website. It will pay the bonuses by early November.
Grocers and big-box retailers, including Walmart, Amazon and Kroger, temporarily increased pay and gave bonuses to…

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Cruise ship rescues 24 people from sinking boat off the coast of Florida – CNN

Cruise ships are mostly standing idle due to the pandemic, but that hasn’t stopped one “ghost’ vessel jumping into action to rescue 24 people from a sinking boa…

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(CNN) Cruise ships are mostly standing idle due to the pandemic, but that hasn’t stopped one “ghost’ vessel jumping into action to rescue 24 people from a sinking boat.
Carnival Sensation, an 855-foot-long vessel that usually accommodates over 2,000 passengers, spotted the boat struggling in international waters 37 miles off the coast of Palm Beach, Florida on Saturday, according to Carnival Cruise Line.
Carnival Sensation is one of hundreds of cruise ships currently operating with no passeng…

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Dr. Scott Gottlieb: U.S. is in the 7th inning of the pandemic but the ‘hardest part’ is likely ahead – CNBC

Rising Covid-19 cases across the nation indicate the U.S. is “entering a pretty difficult period,” the former FDA chief said.

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Dr. Scott Gottlieb warned on Monday that the U.S. is likely to face even bigger challenges from the coronavirus pandemic as cases rise this fall without widely available treatments or a vaccine.
“We’re going to get through it. We’re probably in the 7th inning of the acute phase of this pandemic right now, but the hardest part is probably ahead,” Gottlieb said on CNBC’s “Squawk Box.”
The former U.S. Food and Drug Administration commissioner pointed to the increasing number of new daily Covid-19…

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