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Stimulus splurge restarts stocks rally

Shares jumped on Tuesday as sentiment was lifted by the launch of the U.S. Federal Reserve’s corporate bond buying program and concerns about a second wave of global coronavirus infections eased. Ciara Lee

More than 600,000 lose jobs in UK

New figures show the rising toll on UK employment, with over 600,000 jobs going in April and May. Julian Satterthwaite reports. Source: US news

Huawei CFO's new argument to fight extradition

Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition to the United States on bank fraud charges, court documents released on

Six ex-eBay employees charged with cyberstalking

Six former eBay Inc employees have been criminally charged with cyberstalking a Massachusetts couple who published an online newsletter viewed as critical of the e-commerce company, federal prosecutors in Boston said on

Fed ignites a late Wall Street rally

U.S. stocks ditched losses to rally into the close after the Federal Reserve announced it would start buying individual corporate bonds in another attempt to protect the U.S. economy. Conway G. Gittens reports..

Buy work-from-home stocks: Fund manager

The co-manager of the highly-rated William Blair Large Cap Growth Fund, Jim Golan, says the Fed’s determination to keep rates low will keep driving stocks higher. He tells Reuters’ Fred Katayama he favors

United Airlines pledges loyalty program for $5 bln loan

United Airlines pledged its Mileage Plus frequent flyer program for a new $5 billion loan aimed at shoring up its finances until flying demand returns. Conway G. Gittens reports. Source: US news

Virus wave fears slam Wall Street

Stocks on Wall Street dropped sharply Monday morning with the Dow dropping 600 points and the S&P 500 falling below 3,000 points after a spike in new coronavirus cases in China and parts

Bleak oil outlook cuts $17.5 bln off BP assets

BP has written down its assets by $17.5 billion after concluding that oil prices will stay weaker than it expected for a long time. Julian Satterthwaite reports. Source: US news

EasyJet resumes flying with safeguards in place

EasyJet aircraft took to the skies for the first time since March 30 on Monday, as the British carrier resumed a small number of mainly domestic flights after weeks of lockdown. Ciara Lee

Hong Kong's Disneyland set to reopen this week

The Magic Kingdom is set to reopen its gates in Hong Kong nearly five months after it was closed due to the coronavirus pandemic. Fred Katayama reports. Source: US news

Meatpacking workers absent after reopen order

Smithfield Foods is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according

How are companies making black lives matter?

The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or

Virus second-wave fears rattle markets

Shares fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data from China also weighed on investor sentiment. Ciara Lee reports Source: US news

Black-owned businesses see surge after protests

Following the Black Lives Matter protests after the murder of George Floyd, many African American-owned businesses are seeing a spike in traffic. Freddie Joyner has more. Source: US news

France unveils 15 bln euro aid package for jet makers

France has unveiled a 15 billion euro package of aid targeted at the country’s aerospace industry, but also including support for Air France. Julian Satterthwaite reports Source: US news

Volkswagen replaces Herbert Diess as CEO of the VW brand

Volkswagen replaced Herbert Diess as chief executive of the VW brand on Monday and installed Chief Operating Officer Ralf Brandstaetter to lead cost cutting efforts. Ciara Lee reports. Source: US news

HK government to lead Cathay bailout package

The Hong Kong government is set to lead a 5-billion dollar bailout package for Cathay Pacific Airways, in a deal which will give them two observer seats at Cathay’s board meetings. Gloria Tso

Nasdaq hits record close

The Nasdaq closed at a record high Monday, confirming a bull market began on March 23 as expectations for a swift recovery from a coronavirus-driven downturn increased. Fred Katayama reports. Source: US news

Market's next big move is likely down: Ball

SMH Group CEO George Ball sees the S&P 500 theoretically falling to as low as 2250. He tells Reuters’ Fred Katayama corporate earnings next year will likely be much lower than Wall Street

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