Stock futures sank Sunday evening as a rising number of states across the country reimposed social distancing standards to try and curb increases in coronavirus case counts. …read more […]
(Bloomberg) — U.S. equity futures fell at the open Monday after deaths around the world from the coronavirus topped half a million and infections continued to mount in American states. Crude oil fell.S&P 500 futures opened about 0.6% down and contracts in Japan and Australia pointed lower. In currencies, the Australian dollar saw a modest decline. Providing some comfort was data over the weekend providing more signs the Chinese economy is continuing to recover from its shutdown. Chinese markets reopen after a two-day holiday.Last week’s risk-off stance could endure as coronavirus cases surpassed 10 million and a resurgence in the …read more […]
(Bloomberg) — Billionaire Jack Ma’s newest chieftain is accelerating Alipay’s evolution into an online mall for everything from loans and travel services to food delivery, in a bid to claw back shoppers lost to Tencent Holdings Ltd.Ant Group Chief Executive Simon Hu is aggressively pitching digital payment and cloud offerings to the local arms of KFC Holding Co. and Marriott International Inc., expanding the firm’s focus from banks and fund managers on its ubiquitous app.The Alibaba Group Holding Ltd. affiliate’s strategy is two-pronged. It halts Tencent and food delivery giant Meituan Dianping’s run-away success in attracting local merchants to their …read more […]
Journal Editorial Report: The week’s best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Image: Karen Bleier/AFP via Getty Images …read more […]
Journal Editorial Report: Paul Gigot interviews elections expert Hans Von Spakovsky. Image: George Frey/Getty Images …read more […]
Journal Editorial Report: Democrats sink Sen. Tim Scott’s legislation. Image: Brendan Smialowski/AFP via Getty Images …read more […]
Avaya Holdings Corp. (NYSE:AVYA) Q2 2020 Earnings Conference Call Summary Highlights Jim Chirico, CEO “We are living in extraordinary times and before we begin, I like to thank the […]
Fiverr International Ltd. (NYSE:FVRR) Q1 2020 Earnings Call Summary Highlights Micha Kaufman, CEO “….For buyers, Fiverr is a place to build and expand their online presence even if […]
Livongo Health, Inc. (NASDAQ:LVGO) Q1 2020 Earnings Conference Call Summary Highlights Zane Burke, CEO “We entered 2020 with significant momentum. We outlined our strategy to deliver on […]
The coffee giant said it would pause advertising on some platforms in an effort to address hate speech. …read more […]
The billionaire tech chief warned that the school system needs to be prepared for the fall, especially if a new wave of COVID infections swamps the U.S. …read more […]
(Bloomberg) — The Federal Reserve bought bonds issued by companies including AT&T Inc., UnitedHealth Group Inc. and Walmart Inc. as part of its emergency lending program set up in response to the pandemic, according to new disclosures.On June 16, the U.S. central bank began purchasing securities of individual issuers as part of a broad index it created to include companies that were eligible for the program.The disclosures, posted Sunday, showed that of the $207 million of purchases made on the first day of buying, about 21% were of debt issued by firms in the consumer non-cyclical sector, while 15% were …read more […]
Nursing homes face a lack of funding coupled by outbreaks that have killed more than 29,000 residents since the pandemic began in the U.S. …read more […]
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