(Bloomberg) — Banks are taking precedence for President Vladimir Putin as Russia devises a domestic response to sanctions rolled out by western governments over the invasion of Ukraine. Russian state aid will initially focus on assisting lenders hit with penalties, according to two people who attended a closed meeting with Putin to address the impact […]
Read MorePlus, the Senate will vote on a “skinny” coronavirus relief bill this week, companies in the race to produce COVID-19 vaccines pledged to avoid shortcuts on science in the approval process, and Microsoft announced a smaller version of its new Xbox gaming console.
Read MorePlus, initial jobless claims again came in above 1 million, Johnson & Johnson is launching a trial for its coronavirus vaccine candidate with 60,000 people next month, and Airbnb filed to go public.
Read MorePlus, gold traded above $1,900 an ounce for the first time since 2011, Goldman Sachs is one step closer to resolving the 1MDB scandal in a settlement with Malaysia, and Intel shares are down sharply after its earnings beat was overshadowed by production delays.
Read MoreAs risks mount, this technical analyst says the market is in for a correction in the next few months.
Read MorePlus, the U.S. ordered China to close its consulate in Houston, Nike announced a leadership shake-up, Slack filed a complaint against Microsoft with the European Commission, and United Airlines reported earnings.
Read MorePlus, stocks are up after President Trump said the U.S.-China phase one trade deal is still “fully intact” after confusion following a statement from trade advisor Peter Navarro, six global investors inked a $20.7 billion agreement with the Abu Dhabi National Oil Company, and Wirecard’s former CEO has been arrested.
Read MorePlus, coronavirus cases rose by more than 27,700 yesterday, AMC is facing backlash for saying it won’t require face masks when it reopens its movie theaters, while American Airlines has temporarily banned a passenger for flouting mask-wearing rules on board a flight out of New York.
Read MorePlus, 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 MorePlus, President Trump said he would not close the country again if a second wave of coronavirus cases emerges, the IMF said banks will struggle through 2025 in a sustained low interest rate environment, E.L.F. Beauty shares are surging higher on an earnings beat, and Roku shares are down after a downgrade.
Read MoreThese 2 chip stocks are buys now on weakness from the rising trade tensions between the U.S. and China.
Read MorePlus, another 2.4 million Americans filed for unemployment bringing the pandemic total to more than 38 million, AstraZeneca was awarded $1.2 billion from the U.S. government for the development of its COVID-19 vaccine, and Best Buy shares are down after earnings.
Read MorePlus, JCPenney is expected to file for bankruptcy today, the Trump administration moved to block chip shipments to Huawei, and the FDA issued a warning about Abbott Labs’ rapid COVID-19 test.
Read MorePlus, weekly jobless claims came it at just under 3 million and Goldman Sachs says the unemployment rate could peak at 25%, Trump said he doesn’t want to talk to Chinese President Xi as tensions rise between the world’s two largest economies, and airlines are down after a trade group said demand for air travel is unlikely to recover until 2023.
Read MorePlus, Sorrento Therapeutics is partnering with New York’s Mount Sinai on developing a antibody cocktail to shield health care workers and other front-line workers from the coronavirus, Tesla is resuming production at its Fremont, CA plant, and Disney shares got a boost from tickets selling out within minutes for the reopening of its Shanghai Disneyland park.
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