A new analysis from research firm Rystad Energy finds 120,000 jobs were lost in the U.S. oil and gas industry last year. The U.S., the third-biggest employer in the sector globally, saw the number of jobs in the industry decline to around 960,000 in 2020. The biggest job cutters were BP, Shell and Exxon.
Kayak, a platform that can be used to search for flights, trains, stays, and packages is expanding into the hotel business. The Kayak Miami Beach will open its doors on April 11. The Miami Beach hotel, which Kayak said will be “tech-forward,” features a wrap-around public rooftop.
American Airlines is banking big on flyers coming back, big time. That was the main idea behind American’s new $10 billion debt financing yesterday, which increased from an initial size of $7-1/2 billion amid high demand from investors.
Futures are higher after the Dow Industrials surged 464 to a record high. The S&P 500 gained 23, but the Nasdaq slipped 5.