Around the News from USA

Along with plenty of other things, you probably didn’t have “Kosher Arabia” on your Bingo card for 2020. One of the many businesses inspired by the recent peace agreement between Israel and the United Arab Emirates, the company will start providing in-flight meals meeting the religious dietary standard in January from major air hub Dubai, certified by rabbis of the Orthodox Union. Even before that, though, some Emirati tourist hotels have been advised to make kosher food available—a complicated task requiring separate plates... Source link

Taking SoftBank private may sound nice to its flamboyant founder Masayoshi Son. But carrying it out won’t be easy. Mr. Son’s erratic investment style has never fit well with the scrutiny he has received as the chairman of a publicly listed company. The latest case in point: SoftBank’s shares fell 10% in three days last week after reports revealing the company’s massive option bets on tech stocks. Making SoftBank a private company would remove such visible volatility, especially since Mr. Son has long complained that the market... Source link

The European Central Bank is vacuuming up sovereign bonds faster than governments can pump them out, keeping a tight lid on borrowing costs as the region spends on coronavirus relief measures. The strong appetite from the ECB has kept yields on government debt in the region pinned extremely low. On Friday, yields on benchmark 10-year German bunds edged down to minus 0.467% from minus 0.427% on Thursday. But the real beneficiaries have been Europe’s riskier borrowers. Italy’s 10-year bond yield has stayed close to 1% since... Source link

U.S. stock futures slipped after the Labor Day holiday as investors remained jittery about recent falls in giant tech stocks.Futures tied to the S&P 500 fell 0.6%, suggesting that U.S. stocks will slip after the opening bell. Tech-heavy Nasdaq Composite Index futures fell 2.5% after a bout of volatility last week led to big drops in the index.In premarket trading, shares in electric-car maker Tesla fell 10.6%. Index provider S&P Global said late Friday that it wouldn’t include Tesla in the S&P 500, which is tracked by billions of dollars in investments. Shares of other major technology companies also slipped ahead of the opening bell, with Apple retreating 3.8%, Facebook declining 3.5% and chip maker Nvidia down 5.4%. “I think we should start to anticipate a rotation, the momentum behind…

United Airlines Holdings Inc. Changing flights just got cheaper. United Airlines became the first U.S. carrier to permanently end flight change fees for most domestic tickets, the latest effort to boost sluggish demand in the air-travel industry. American Airlines Group Inc. and Delta Air Lines Inc. on Monday followed suit, a day after United’s announcement. Change fees, along with baggage charges, have been a strong source of revenue for airlines and a target for criticism from consumers and lawmakers. United shares fell 3.6% Monday. DraftKings Inc. DKNG -3.32% “His Airness” is joining DraftKings. The sports-gambling company said on Wednesday that NBA legend Michael Jordan agreed to purchase an undisclosed stake in DraftKings and become a special adviser to its board of directors, effective immediately. Mr. Jordan, who is considered one…