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What to watch today: Dow futures lower as bank stocks, Nike shares sink Dow futures were pointing to a decline at Friday's open, with bank stocks lower after the Federal Reserve's annual stress test results and Dow-stock Nike under pressure after delivering an unexpected quarterly loss and a sharp sales decline. The Dow Jones ...
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US Consumer Spending Up 8.2%, Partly Erasing Record Plunge WASHINGTON — American consumers increased their spending by a sharp 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy that's likely shrinking by its steepest pace on record this quarter.
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British Airways: Long-serving cabin crew face 20% pay cut British Airways has told its longest-serving cabin crew they face a 20% cut in basic pay or they will lose their jobs. The move is the airline's latest offer in ongoing consultations with unions and staff. In an email to staff, British Airways said the aviation industry ...
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Microsoft to permanently close nearly all of its retail stores Microsoft is about to (mostly) give up on physical retail. Today the company announced plans to permanently close all Microsoft Store locations in the United States and around the world, except for four locations that will remain open and be "reimagined.".
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Verizon Latest To Pause Facebook Ads, After Boycott Flags Extremist Content Adjacencies The company said it will pull ads on both Facebook and Instagram until the platforms' parent company "can create an acceptable solution that makes us comfortable." Verizon spent $1.46 million in Facebook ads, and $406,600 on Instagram ads, between May ...
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7 Potential Social Security Changes to Watch Social Security is one of the most popular and successful entitlement programs ever, but it's in dire need of reform. The program is facing financial trouble that could lead to a devastating benefits cut within the next 15 years if lawmakers don't act. While finding ...
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CANADA FX DEBT-C$ adds to weekly decline as investors eye rising coronavirus cases ... * Canadian dollar falls 0.2% against the greenback * Loonie is on track to fall 0.5% for the week * Price of U.S. oil declines 0.5% * Canadian bond yields trade mixed across a flatter curve TORONTO, June 26 (Reuters) - The Canadian dollar extended this ...
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Amazon launches 'Smart Stores' in India to win mom and pop For Amazon, it's never too late to try something in India. The e-commerce giant is exploring ways to further spread its tentacles in the largely offline, technology-free neighborhood stores in one of its key overseas markets. The American firm's latest attempt is ...
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Chuck E. Cheese parent company to close 34 locations permanently: Is your location on the store closings list? All those Chuck E. Cheese tokens and tickets you've been hoarding are still good for now, but you might not have a local Chuck E. Cheese where you can use them anymore. CEC Entertainment, the parent company of the entertainment-and-pizza venue ...
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GRAINS-Corn set for weekly loss on favourable US crop weather ... * Rains across U.S. Midwest seen boosting corn, soy production * IGC raises forecasts for 2020/21 global wheat, corn crops * Grain markets turn focus to USDA June 30 acreage, stocks reports (Updates with European trading, changes byline/dateline) By ...
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We're past the worst, but recovery will be uneven, ECB's Lagarde says FRANKFURT/HELSINKI (Reuters) - The euro zone is "probably past" the worst of the economic crisis caused by the coronavirus pandemic, but the recovery will be uneven, European Central Bank President Christine Lagarde said on Friday. Speaking as fears ...
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Despite Trump Promise, GM Abandoned This Town. Can New Electric Vehicles Revive It? The budding electric pickup space is getting crowded, quickly. After Tesla's Cybertruck, Nikola's Badger and a few other hyped models touted by Detroit's traditional gas carmakers (all of them have yet to begin production), another ambitious startup, born out ...
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Airlines want flyers to feel safe, but grab bag of COVID policies adds turbulence Tony Scott boarded an American Airlines flight May 25 from Los Angeles to Dallas. It was a trip he felt he had to take despite concerns about the coronavirus. His son, who lives in Texas, was having health problems. The teen seated next to Scott in business ...
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UPDATE 2-Marston's gears up to reopen pubs, sees smaller sector ahead ... * Pubs to reopen on July 4. * Short-term outlook uncertain. * H1 profit down 73%, revenue off about 8%. * Shares down more than 6% (Adds CEO and analyst, shares, background). By Tanishaa Nadkar. June 26 (Reuters) - Britain's Marston's said on Friday ...
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CoreLogic's stock set to surge after Cannae, Senator Investment propose buyout at 23% premium Shares of CoreLogic Inc. CLGX, +0.45% were indicated up about 8% in premarket trading Friday, after Cannae Holdings Inc. CNNE, +1.32% and Senator Investment Group L.P. submit an unsolicited bid to buy CoreLogic for $65 a share, which would imply a ...
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Coronavirus benefits like extra $600 unemployment end July 31. Here's everything you lose Enhanced unemployment benefits are ending July 31. Sarah Tew/CNET. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. Benefits designed to ease financial stresses for Americans during the coronavirus ...
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Tesco investors vote down directors' pay report LONDON (Reuters) - Tesco (TSCO.L), Britain's largest retailer, on Friday became the latest big company to be hit by investor anger over executive pay after shareholders at its annual meeting voted down its remuneration report. The supermarket group said ...
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Backlash for Walmart over T-shirts with variations of 'Black Lives Matter' slogans (CNN) -- Walmart is facing heat for selling T-shirts that feature variations of the "Black Lives Matter" slogan, including "All Lives Matter," "Blue Lives Matter," "Irish Lives Matter" and "Homeless Lives Matter." The backlash erupted on social media, where users ...
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Kanye West to bring Yeezy brand, but not sneakers, to Gap NEW YORK — Kanye West is bringing his Yeezy brand to Gap. The rap superstar will design adult and kids' clothing that will be sold at Gap next year. Yeezy is best known for pricey sneakers that sell out online quickly. But Yeezy footwear, made with sneaker ...
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UK tour operator scraps Florida visits over Disney measures LONDON (AP) — Europe's biggest travel and tourism company, TUI, is cancelling all holidays to Florida from the U.K. until December following the introduction of new hygiene rules at Walt Disney World Resort, including the mandatory use of face coverings.
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Asset quality of India's housing lenders likely to worsen - ICRA MUMBAI, June 26 (Reuters) - Indian housing finance companies (HFCs) are likely to face worsening of asset quality this year, with about 30% of their portfolios falling within the regulator-approved moratorium as of end-May, rating agency ICRA said on Friday ...
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BMW Works Council Backs Electric-Only Platform-Report BERLIN — BMW should shift course and establish a technology platform just for electric cars, moving away from developing cars that can be fitted with either electric or combustion engines, the head of the influential works council said. "Only with our own ...
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Artiva Biotherapeutics Launches with $78 Million Series A Financing to Advance NK Cell Therapies to Treat Cancer Funds will be used to establish clinical proof of concept for Artiva's CAR-NK and universal NK cell therapies - Artiva has exclusive access to a proprietary large-scale NK cell manufacturing platform and infrastructure - First clinical study planned for later this ...
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CVS Pharmacy Expands Virus Testing With 9 New Bay Area Locations As California experiences a new spike in coronavirus cases, CVS Pharmacy on Thursday announced it is expanding its drive-thru testing program, adding 35 locations across the state, including nine in the Bay Area. CVS now has 142 testing sites throughout ...
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Ryman rebookings now at $200M+ Clients of Ryman Hospitality Properties have in the past month and a half canceled more than 400,000 room nights due to the COVID-19 pandemic — but the company also has been able to more than double the amount of business it is rebooking for future ...
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EasyJet strengthens its finances through $255 mln sale and leaseback of six planes LONDON, June 26 (Reuters) - British low-cost airline easyJet said it strengthened its finances by $255 million through the sale and leaseback of six A320neo aircraft with leasing firm SMBC Aviation Capital. EasyJet on Thursday raised 419 million pounds ...
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Wirecard UK ordered to freeze customer funds by finance regulator The financial watchdog has stepped in to order the UK arm of payments firm Wirecard to freeze customer funds, after its German parent company filed for insolvency amidst a €1.9bn (£1.69bn) alleged accounting fraud. The Financial Conduct Authority has ...
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Ed Bastian: Delta customers who refuse to wear face masks may be banned from future flights Delta will not forcibly remove customers who refuse to wear protective masks. But, those individuals are at risk of missing out on future Delta flights. In a memo to employees dated Thursday, June 25, Delta Air Lines Inc. chief executive officer Ed Bastian said ...
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Japanese startup creates 'connected' face mask for coronavirus new normal By Tim Kelly and Akira Tomoshige. TOKYO (Reuters) - As face coverings become the norm amid the coronavirus pandemic, Japanese startup Donut Robotics has developed an internet-connected "smart mask" that can transmit messages and translate from ...
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Illinois Approves Casinos, Gaming Terminals to Reopen Statewide Wednesday The Illinois Gaming Board (IGB) announced on Thursday that the state's licensed casinos can resume operations effective on Wednesday. Illinois casinos reopening. The gaming floor of the Harrah's Metropolis riverboat casino in Metropolis, Ill., seen here in a ...
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New Zealand supermarket chain becomes first to use 'period' label on menstrual products Shoppers at NZ supermarket chain Countdown will no longer see euphemistic language like 'sanitary' to describe pads, tampons and menstrual cups. Charlotte Graham-McLay in Wellington. Thu 25 Jun 2020 21.17 EDT Last modified on Thu 25 Jun 2020 ...
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To curb Chinese imports, India now plans tariff barriers on solar wafer, ingot New Delhi: India plans to impose basic customs duty ( on wafers and ingots that go into the manufacturing of solar cells and modules, said power and new and renewable energy minister Raj Kumar Singh on Friday. This will make imports of such wafers and ...
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888 expects to surpass earnings expectations for 2020 Online gambling operator 888 Holdings has said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2020 calendar year, despite the impact of the novel coronavirus (Covid-19) pandemic on its ...
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The ABCs of Investing in CBD With the stock market performing well over the last 11 years, investing in emerging markets has come into focus. Whether it's biotech, cryptocurrency or, in this case, CBD, seasoned investors are always looking for outsize returns in specific market sectors.
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Gold gains Rs 239, silver rises by Rs 845 New Delhi: Gold prices rose by Rs 239 to Rs 49,058 per 10 gram in the national capital gained on Friday amid recovery in international prices of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 48,819 ...
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Dubai Supermarket Home Delivers 'King Of Fruits' Mango In Lamborghini Mango is one summer food that we cannot get enough of. The bright-hued seasonal fruit is an ingredient for many desserts, as well as a snack to devour by itself. Aptly titled the 'king of fruits' - mango finds itself a place in the chronicles of food history as well ...
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EU drug regulator endorses Vertex's triple-combo cystic fibrosis treatment (Reuters) - Europe's health regulator said on Friday its panel has recommended approval of Vertex Pharmaceuticals' triple-combination treatment for cystic fibrosis (CF), a deadly disease that causes build-up of thick mucus in some parts of the body.
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