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Stock market live today: New quarter, Dow futures drop 200 points, reopening plays down premarket This is a live blog. Please check back for updates. 8:38 am: Job gains could fade and rebound could be threatened by surging virus outbreak. As the second half begins, the resurgence of Covid-19 is threatening the economic rebound and the jobs recovery.
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Mall owner CBL says in forbearance over skipped interest payment Mall owner CBL & Associates said it entered into a forbearance agreement with its lenders over a previously skipped interest payment. In June, CBL warned that its ability to continue operating was in doubt. CBL did not make an $11.8 million payment on June ...
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Constellation Brands acquires Gary Vaynerchuk's Empathy Wines Constellation Brands said it will acquire direct-to-consumer wine company Empathy Wines, co-founded by entrepreneur Gary Vaynerchuk in 2019. The deal comes as states slow their reopening plans. New restrictions on bars and indoor dining could boost ...
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The Trump administration just lent a troubled trucking company $700 million. The company was worth only $70 million New York (CNN Business) The US Treasury is giving a $700 million loan to YRC Worldwide, a troubled trucking company that warned in May it was in danger of going out of business. That's an enormous sum for a company whose stock had plunged 27% this ...
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June private payrolls rose 2.37 million and there was a big positive revision for May, ADP says Private payrolls rose by 2.369 million in June, a bit below the 2.5 million estimate from economists surveyed by Dow Jones, according to ADP. May's number saw a stunning revision, going from an initially reported loss of 2.76 million to a gain of 3.065 million.
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UK competition watchdog seeks to curb Google and Facebook's dominance of online advertising The U.K.'s Competition and Markets Authority has proposed the creation of a "Digital Markets Unit" to rein in big digital advertising platforms. The regulator says it's concerned by the way tech giants like Google and Facebook use digital advertising to fuel their ...
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TuSimple Adds Logistics Operators to Self-Driving Trucks Effort Self-driving trucking startup TuSimple is teaming up with big logistics operators to bulk up its delivery business as it lays the groundwork for a planned coast-to-coast autonomous freight network. TuSimple plans to nearly double the number of its weekly freight ...
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General Mills Expects Elevated Demand to Continue General Mills Inc. said it expects higher demand for its products amid the Covid-19 pandemic and an economic recession to continue. The maker of Cheerios cereal, Häagen-Dazs ice cream, Nature Valley granola bars and other products on Wednesday said ...
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Macy's records nearly $4 billion in losses as COVID-19 slams business (Reuters) - Macy's Inc reported a staggering $3.58 billion loss on Wednesday for its coronavirus-hit first quarter as store shutdowns resulted in the department store chain recording a $3 billion impairment charge. FILE PHOTO: A sign that marks the Macy's ...
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UAE's BPGIC says limited impact from virus on oil storage facilities DUBAI, July 1 (Reuters) - The United Arab Emirates' Brooge Petroleum and Gas Investment Co (BPGIC) said on Wednesday that it was moving ahead with its oil storage expansion plans as there has been a limited impact from the coronavirus pandemic on ...
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Oh, Canada: America's northern neighbor has plenty of goodies to celebrate Just across Lake Erie, they're throwing a huge party: July 1 is Canada Day. The festivities commemorate the creation of the country in 1867, when the British North America Act united the original provinces of Québec, Ontario, Nova Scotia, and New Brunswick.
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Potential Ryanair job cuts remain at 3000: spokeswoman DUBLIN (Reuters) - Ryanair (RYA.I) is still planning around 3,000 additional job losses if it cannot agree pay cuts with pilots and cabin crew, a spokeswoman for the airline said on Wednesday. Group Chief Executive Michael O'Leary earlier told the BBC that ...
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Google Delays Reopening US Offices Until September A surge in COVID-19 infections has made Google think twice about asking employees to return to their desks. Matthew Humphries. By Matthew Humphries. July 1, 2020. facebook · twitter · flipboard. social share. Flipboard · Pinterest · Reddit · LinkedIn · Email.
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Trading resumes in Germany's DAX, other exchanges after outage LONDON (Reuters) - Trading in German blue-chip index DAX .GDAXI and other exchanges across Europe resumed after nearly three hours of outage on Wednesday due to a "technical issue" at German electronic trading platform Xetra. The interruption in the ...
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Netflix names Bozoma Saint John as chief marketing officer Netflix appointed Bozoma Saint John as the streaming giant's chief marketing officer, starting in August. Saint John joins from entertainment and talent agency Endeavor where she was the head of marketing since 2018. Bozoma Saint John attends American ...
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Easing lockdown lifts South Africa's Absa PMI in June JOHANNESBURG (Reuters) - South Africa's seasonally-adjusted Absa Purchasing Managers' Index (PMI) expanded in June as an easing of coronavirus restrictions lifted business activity and sales. The index, which gauges manufacturing activity in Africa's ...
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Mnuchin Says Hardest-Hit Businesses Should Be Next Aid Focus WASHINGTON (AP) — Treasury Secretary Steven Mnuchin told Congress on Tuesday that the administration wants the next round of economic aid to focus supporting businesses like restaurants that have been hardest hit by the coronavirus crisis. Mnuchin ...
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The time for modernizing government IT is now, says AWS public-policy VP There has been way too much lost in recent months: jobs, routine human interaction and, most importantly, lives. That has led one executive of Amazon Web Services Inc. to frame consequences of the global pandemic in terms of reassessing how ...
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Boeing rival Airbus will cut 15000 jobs as aviation's pandemic crisis worsens Airbus said Tuesday it needs to cut 15,000 jobs — or 17% of its commercial jet workforce — within the next year in response to the COVID-19 crisis that has devastated the airline business. "Airbus is facing the gravest crisis this industry has ever experienced," ...
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Carlyle to Buy 25% Stake in Data-Center Business of India's Airtel Carlyle Group Inc. plans to acquire a 25% stake in Bharti Airtel Ltd.'s data-center business, valuing it at $1.2 billion. Entities affiliated to the U.S. private-equity firm will invest $235 million for the stake in Nxtra Data Ltd., a wholly owned unit of Bharti Airtel, the ...
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UK shop prices fall again in June, but less than in May - BRC LONDON, July 1 (Reuters) - Prices in shops in Britain fell again in June as retailers tried to lure shoppers out of their coronavirus caution but the size of the drop was smaller than in May, an industry survey showed on Wednesday. Shop prices fell by 1.6% in ...
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3.1M jobs likely were added in June as states reopen even as COVID-19 layoffs continue A weekslong paradox in the labor market is likely to be thrown into stark relief Thursday with dueling reports released at precisely the same moment: The economy is recouping millions of lost jobs even as hundreds of thousands of Americans continue to be ...
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Video gaming returns DANVILLE — This year more than ever, some small businesses will be relying on video gaming machine revenue to help keep their doors open. "Most bars my size cannot survive without that extra income," said Dale's Place owner Greg Filicsky. In addition to ...
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ICICI Bank customers can get instant loan of up to Rs 1 crore against debt, equity mutual fund units ICICI Bank has launched a facility that will allow its retail customers to get loan of up to Rs 1 crore against their holdings in both debt and equity mutual funds. Customers can avail this loan as an overdraft (OD) digitally without visiting a branch and submitting ...
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Hammerson taps £300m credit in effort to avoid Intu's fate Shopping centre owner Hammerson has moved to shore up its finances less than a week after its main rival Intu fell into administration, with retail landlords under pressure following a collapse in rents. Landlords' incomes have dried up ...
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CCPA Is Officially Being Enforced, but There Are Still Unanswered Questions Key insights: Despite being enforceable from July 1, 2020, there are differing interpretations over CCPA. Those mishandling children's data are likely to come into regulators' crosshair's first. Enforcement of the California Consumer Privacy Act (CCPA) officially ...
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Alaska Airlines could ban non-masked flyers from travel Alaska Airlines says its flight attendants can issue warnings to passengers who refuse to wear a mask which could lead to them being banned from future flights. Starting in early July, the airline will hand yellow cards to noncompliant passengers, advising ...
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First Look: 2021 Bentley Bentayga Ettore Bugatti, literally a maestro at creating some of the most stunning cars of the 1920s and '30s, was no fan of rival W.O. Bentley's large, plain-looking — but deceptively fast and quite robust — Le Mans-winning race cars. In fact, when asked his opinion, his ...
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2021 Kia K5 First Look Where is the 2021 Kia K5 built? The brand-new Kia K5, a replacement for the Optima, is built in West Point, Georgia, alongside the Telluride. When does the 2021 Kia K5 go on sale? The new midsize Kia K5 sedan goes on sale this summer. Is the new Kia K5 ...
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Pinduoduo Appoints Lei Chen as Chief Executive Officer (Reuters) - Pinduoduo Inc appointed its technology head Lei Chen as its Chief Executive Officer on Wednesday, effective immediately. The China-based e-commerce company said its Chairman and former Chief Executive Zheng Huang will remain as ...
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China's June factory activity rises to six-month high: Caixin PMI BEIJING (Reuters) - China's factory activity grew at a faster clip in June after the government lifted coronavirus lockdown measures, but the health crisis continues to weigh on exports and jobs, a private business survey showed on Wednesday.
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Gold prices today hit new record. Next target: ₹50000 Gold prices today continued to rise to new highs in Indian markets, with some analysts forecasting that the yellow metal may touch the ₹50,000 mark. On MCX, August gold futures hit a new high of ₹48,982 per 10 gram today before seeing some profit-taking ...
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Best practices for employers to help employees stay safe when they return to work Many employers are engaged in an effort to bring employees back to work safely. But it's not a one-size-fits-all solution. Navigating policies from the multitude of regulators at different levels of government can make compliance difficult. Even the Centers for ...
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Lucid Air is the world's most aero-efficient luxury car Lucid Motors' debut Air model has recently achieved a coefficient of drag of 0.21 after completing tests at Windshear's advanced rolling-road wind tunnel in North Carolina, one of the most advanced automotive wind tunnels in the world. With a verified Cd of ...
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Engineering Services Outsourcing Market 2020-2024 | Improved Access to Emerging Markets to Boost Growth ... Technavio has been monitoring the engineering services outsourcing market and it is poised to grow by USD 207.85 billion during 2020-2024, progressing at a CAGR of almost 23% during the forecast period. The report offers an up-to-date analysis regarding ...
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Tesla Stock Closed at a Record High After a Leaked Email. It Could Join the S&P 500 Soon. A morning briefing on what you need to know in the day ahead, including exclusive commentary from Barron's and MarketWatch writers. I would also like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time.
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Global transition from coal to clean energy has reached a financial tipping point A new report published this week reveals that new-build renewable energy is already cheaper than already operating coal plants across much of the planet, and outlines a pathway for feasibly and justly phasing out coal-fired generation. The new report ...
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All REIT sectors declined last week, despite strong June rent collection Property sectors among all real estate investment trust sectors declined last week as a surge of new cases of COVID-19 in many states raised concerns about economic reopenings. The All Equity REITs total return index was down 4% in the week ended June ...
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Say Goodbye to this Costco Sweet Treat It looks like Costco is saying goodbye to this fan favorite! Listen anytime, anywhere. Get the best local news, weather coverage and more with our free mobile app. GET APP NOW · Nicole Murray from our sister station, 94.3 the Point shared the news that ...
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As Order Banks Open, Ford Upgrades Mustang Mach-E Performance Specs by Paul A. Eisenstein | Jun 30, 2020. Order banks are now open in the U.S., and reservation holders are now being invited to convert their reservations to official orders. Though production was pushed back slightly due to the coronavirus pandemic, Ford still ...
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First Point-of-Care Test for COVID-19 Leveraging CRISPR Technology Sherlock Biosciences and binx health announced that the companies have entered a partnership to develop the world's first point-of-care diagnostic test for COVID-19 leveraging CRISPR technology. The organizations will combine the binx io diagnostic ...
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Cresco Labs Closes Sale-and-Leaseback for Massachusetts Facility and Expands Real Estate Partnership with ... CHICAGO--(BUSINESS WIRE)--Jul 1, 2020--. Cresco Labs (CSE:CL) (OTCQX:CRLBF) ("Cresco" or "the Company"), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has closed the agreement to ...
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