What we’re reading (4/26)
“Summer Skies Will Be Close to Normal—But What About Air Fares?” (Wall Street Journal). “…[I]nvestors have reasons to be hopeful: All major airlines suggested last week that ticket prices on summer bookings are getting close to pre-pandemic trends.”
“Apple Will Spend $1 Billion To Open 3,000-Employee Campus In North Carolina” (CNBC). “Apple announced plans Monday to open a new campus in the Raleigh, North Carolina, area. Apple will spend over $1 billion on the campus, and it will employ 3,000 people working on technology including software engineering and machine learning.”
“The Last Roaring Twenties Ended In Disaster. Should Investors Be Worried?” (CNN Business). “There has been a lot of talk about how the combination of massive economic stimulus and vaccines for Covid-19 could bring about a lengthy financial boom — just as there was during the 1920s after the end of the influenza pandemic. But if you follow this analogy to its conclusion, there could be a major cause for concern. After all, the 1920s ended with the Black Tuesday stock market crash in October 1929 — right at the onset of the Great Depression.”
“Copper Prices Hit Their Highest Since 2011 As The Global Economic Recovery Spurs A Rally In Metals” (Business Insider). “Copper prices are surging as supply constraints combined with a surge in demand represent a perfect storm for the soft metal. Copper prices per ton soared to just under $10,000 on Monday, representing its highest level since 2011. Amid the height of the COVID-19 pandemic in March 2020, copper prices per ton traded at less than $5,000.”
“Why These C.E.O.s Got Paid So Much In The Pandemic” (DealBook). “Chief executives of big companies in the U.S. now make, on average, 320 times as much as the typical worker. In 1989, that ratio was 61 to 1. In years when the profits are flowing and unemployment is low, such disparities are often explained away. But in this pandemic year, corporate P.R. teams are bending over backward to justify their bosses’ big paydays.”
