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Plus, new coronavirus cases hit a record again, Amazon is acquiring self-driving start-up Yoox, Microsoft is permanently closing its retail locations, and Virgin Galactic successfully completed an important test.Read More
Plus, bank stocks are on the rise on reports of a change to the Volker Rule, the U.S. saw a record number of new coronavirus cases, last week’s jobless claims came in higher than expected, and Wirecard shares tanked after the troubled fintech filed for insolvency.Read More
Plus, Vice President Pence said the Trump administration is working with Democrats in “good faith” on another round of coronavirus stimulus, airline stocks are soaring as hopes rise of a recovery for air travel, and JCPenney announced it’s closing more than 150 stores following its bankruptcy filing last month.Read More
Plus, weekly jobless claims came in at 1.877 million, the FDA issued emergency use authorization for Roche’s blood test to identify those at risk of having the most severe immunological response to the coronavirus, and Simon Property Group is suing Gap for missed rent.Read More
Plus, ADP reported 2.76 million private payrolls were trimmed in May, Dr. Anthony Fauci warned a potential coronavirus vaccine may not provide long-term immunity, and another retailer looks poised to file for bankruptcy protection.Read More
Plus, Dick’s Sporting Goods reported a 30% decline in same-store sales, and Stitch Fix is laying off 1,400 workers.Read More
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