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Updated: 3 years 40 weeks ago

Dollar holds advantage as anxiety grows over rise in coronavirus cases

Wed, 06/17/2020 - 19:52
The dollar held onto gains on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for the U.S. currency.
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Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom

Wed, 06/17/2020 - 19:37
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.
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Asian stocks set to fall as Wall St snaps 3-day winning streak

Wed, 06/17/2020 - 19:32
Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.
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S&P closes lower as new COVID-19 cases surge

Wed, 06/17/2020 - 18:28
The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery.
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Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%

Wed, 06/17/2020 - 17:58
A lawyer representing a former Morgan Stanley diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client's budget for promoting diversity and financial education by 71% from the time she started in wealth management to 2019.
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U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela

Wed, 06/17/2020 - 17:31
The U.S. Transportation Department said on Wednesday it fined Panama's Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point, and ordered the airline to avoid future similar violations.
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PepsiCo drops Aunt Jemima, criticized for racist history; Uncle Ben's, Mrs. Butterworth's under review

Wed, 06/17/2020 - 16:32
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup, dropping a mascot that has been criticized for a racist history, amid a national debate over racial inequality in the United States.
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Americans face new coronavirus challenge: a shortage of coins

Wed, 06/17/2020 - 16:26
Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with the U.S. Mint to boost supply.
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Google sets 2025 leadership diversity goal, ends 'tailgater' ID checks

Wed, 06/17/2020 - 16:01
Alphabet Inc's Google on Wednesday announced a new hiring goal and security policy to address racial issues at its offices, as protests over police brutality against African Americans have carried into discussions about corporate culture.
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Stocks waver on rising COVID cases, dollar in safety bidding

Wed, 06/17/2020 - 15:28
Global equity markets closed little changed on Wednesday as a rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.
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Safe-haven dollar lifted by rise in coronavirus cases

Wed, 06/17/2020 - 15:26
The U.S. dollar was slightly higher on Wednesday afternoon as evidence of a surge in coronavirus cases in some U.S. states and in Beijing sent investors into safe-haven assets.
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Fed's Powell beats drum for more government aid to bolster economy

Wed, 06/17/2020 - 15:25
The U.S. economy is beginning to recover from the worst of the coronavirus crisis, but with some 25 million Americans displaced from work and the pandemic ongoing, it will need more help, Federal Reserve Chair Jerome Powell told lawmakers on Wednesday.
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Google sets 2025 goal for leadership diversity, curbs on racial profiling

Wed, 06/17/2020 - 15:11
Alphabet Inc's Google on Wednesday announced new goals and policies to address racial issues at its offices, as protests over police brutality against African Americans have carried into discussions about corporate culture.
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U.S. government proposes rolling back protections for big tech

Wed, 06/17/2020 - 14:49
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump's bid to crack down on tech giants.
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Hertz suspends share sale after U.S. SEC raises objections

Wed, 06/17/2020 - 14:47
Bankrupt Hertz Global Holdings Inc on Wednesday suspended its plan to sell up to $500 million in new shares after the U.S. Securities and Exchange Commission (SEC) raised objections to the sale, the car rental firm said on Wednesday.
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Citing racial stereotype, PepsiCo drops Aunt Jemima; Uncle Ben's, Mrs. Butterworth's under review

Wed, 06/17/2020 - 14:45
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup, dropping a mascot that has been criticized for a racist history, amid a national debate over racial inequality in the United States.
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Oil slides on fresh COVID-19 outbreaks, bump in crude stocks

Wed, 06/17/2020 - 14:42
Oil prices settled lower on Wednesday on fuel demand worries due to an uptick in coronavirus cases, with emerging hotspots in China and the United States, and as U.S. crude stocks grew again, taking commercial inventories to another all-time high.
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Stocks gain on recovery hopes, dollar on safe-haven bid

Wed, 06/17/2020 - 14:23
A gauge of global equities edged higher on Wednesday, adding to the prior day's rally on economic and vaccine hopes, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.
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Americans face new coranavirus challenge: a shortage of coins

Wed, 06/17/2020 - 14:14
Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with the U.S. Mint to boost supply.
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House panel debating $494 billion infrastructure measure

Wed, 06/17/2020 - 14:01
A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution.
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