Stock futures decline following solid rallies

Fed eases Main Street lending facility terms The Federal Reserve will ease the terms of its Main Street lending facility to encourage more businesses to participate. U.S. equity futures are pointing to a lower open, the day after the Nasdaq set its first closing record since February. Continue Reading Below The major futures indexes are indicating a loss of 0.6 percent […]

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Cathay, Swire Pacific, Air China Suspend Trading in Hong Kong

In this article Embattled Hong Kong carrier Cathay Pacific Airways Ltd. and its two main shareholders, Swire Pacific Ltd. and Air China Ltd., suspended trading of their shares Tuesday pending an announcement. The move comes as Cathay contends with a slump in traffic brought on by the coronavirus outbreak and the travel restrictions that ensued. The curbs hit Cathay particularly […]

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U.S. Mobility is Rising, And UBS Says That’s Good for Stocks

In this article The reopening of a number of big U.S. states should support an uptrend in mobility and activity, bringing potential gains for equities, according to UBS Group AG. Investors are scouring location tracking data from smartphones and mapping devices, published by companies including Apple Inc, Alphabet Inc’s Google, and TomTom NV, for signs of whether people are starting […]

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Pilgrims Pride CEO Charged by U.S. in Price-Fixing Conspiracy

In this article Pilgrim’s Pride Corp.’s chief executive officer was charged with conspiring to fix prices by U.S. prosecutors as part of an antitrust investigation of chicken-processing companies. Jayson Penn was indicted by a grand jury in Colorado along with Roger Austin, a former vice president of the company, the Justice Department said Wednesday. “Executives who cheat American consumers, restauranteurs, […]

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Canada Goose predicts 'negligible' revenue after coronavirus shutdown

Reopening retail will start to heal communities, restore some normalcy: NRF CEO National Retail Federation CEO Matt Shay discusses retail challenges from the coronavirus and nationwide protests. Canada Goose Holdings Inc. on Wednesday said it expects a more significant impact from the Covid-19 pandemic in its first fiscal quarter after reporting fourth-quarter revenue that topped analysts' expectations. Continue Reading Below […]

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Rupee jumps 32 paise to 75.04 against U.S. dollar in early trade

Forex traders said heavy buying in domestic equity market, sustained foreign fund inflows and upbeat risk appetite supported the rupee. The rupee appreciated 32 paise to 75.04 against the U.S. dollar in early trade on Wednesday tracking positive domestic equities and gains in Asian currencies amid weakness in the greenback. Forex traders said heavy buying in domestic equity market, sustained […]

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Trump administration tables more oil and gas lease sales

Oil demand is picking up but will be muted this summer: Analyst The Schork Group principal Stephen Schork argues oil demand is picking up but that it is partially due to barrels moving into the Strategic Petroleum Reserve. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below The Trump administration […]

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SpaceX and NASA make history with launch

New York (CNN Business)Elon Musk’s SpaceX isn’t publicly traded. But investors found another way to celebrate this weekend’s successful Dragon launch and docking at the International Space Station. Shares of Richard Branson’s Virgin Galactic (SPCE)surged more than 6% in early trading Monday. The stock is now up nearly 60% since Virgin Galactic went public last October through a merger with […]

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US factories sink in May for third straight month: ISM survey

Fox Business Flash top headlines for June 1 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. WASHINGTON (AP) — American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic. Continue Reading Below The Institute for Supply Management, an association of purchasing managers, said Monday […]

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Argentina May Spend Over $880 Million to Prop Up State Airline

Argentina may have to dole out at least $880 million in subsidies this year to keep its state airline afloat, further weighing on government finances after the nation’s ninth sovereign default. Aerolineas Argentinas President Pablo Ceriani said the carrier’s budget shortfalls, up from about $680 million last year, will persist until demand rebounds, which isn’t expected for a couple of […]

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