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Wall Street Bets was right: Hertz's bankruptcy auction will actually give shareholders a handsome payout - even after Wall Street decided the stock was worthless


Wall Street Bets was right: Hertz s bankruptcy auction will actually give shareholders a handsome payout - even after Wall Street decided the stock was worthless
[email protected] (Emily Graffeo)
© Reuters
Reuters
Retail traders helped spur a nearly 825% spike in Hertz last summer after it filed for bankruptcy.
They bought the stock even as Hertz said its shares could be worthless.
Shareholders will receive a payout in Hertz s takeover bid, vindicating retail traders instincts.
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The car-rental company became the target of Reddit-fueled traders last summer when it announced it would file for bankruptcy. Shares of Hertz spiked as much as 825% in a matter of weeks. Wall Street onlookers were scratching their heads, wondering why retail investors were scooping up shares of a company that couldn t meet its debt obligations. ....

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United Airlines given top hygiene rating: What does it mean for an airline to be 'hospital-grade' clean?


Health Safety rating.
The first of the four major US airlines to achieve the standard, United is now considered one of the world’s safest when it comes to hygiene standards.
The Chicago-based airline was given the top rating available in the independently verified 58-point assessment. It is one of only nine airlines in the world to have Diamond status in the safety rating operated by one of the world’s largest international airline associations.
Other recipient airlines include Alaska Airlines, Abu Dhabi s Etihad,
Saudia, Qatar Airways, Singapore Airlines, Air Canada, Virgin Atlantic and Turkish Airlines.
To achieve the highest status, airlines must satisfy Apex that they fulfil several critical points during travellers journeys. These are divided into categories that assess check-in procedures, testing and tracing, airport facilities, security, lounge facilities, boarding procedures, in-flight and arrival measures, and sanitisation partnerships. ....

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