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Updated: 37 weeks 2 days ago

U.S. House Democrats unveil $1.5 trillion infrastructure plan

Thu, 06/18/2020 - 12:22
U.S. House of Representatives Democrats on Thursday unveiled a $1.5 trillion infrastructure bill that they will seek to pass in coming weeks, arguing it has been made more urgent by the coronavirus pandemic.

Tesla wants to start building a new U.S. vehicle plant this summer

Thu, 06/18/2020 - 11:28
Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.

Wall Street oscillates amid COVID-19 spikes, muted data

Thu, 06/18/2020 - 11:21
Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.

Unemployment payments backlog draws hundreds to Kentucky's capital

Thu, 06/18/2020 - 11:02
Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky Capitol in Frankfort early Wednesday to seek in-person help.

Lufthansa investor Thiele seeks talks with German government: Handelsblatt

Thu, 06/18/2020 - 10:54
Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline's 9 billion euro ($10.1 billion) bailout.

Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality

Thu, 06/18/2020 - 10:50
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.

Exclusive: Massive spying on users of Google's Chrome shows new security weakness

Thu, 06/18/2020 - 10:48
A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google's market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry's failure to protect browsers as they are used more for email, payroll and other sensitive functions.

S&P 500 muted as virus cases rise, jobless claims weigh

Thu, 06/18/2020 - 10:36
The S&P 500 was little changed on Thursday as coronavirus infections picked up again in parts of the United States and data showed an elevated level of weekly jobless claims, lending weight to predictions of a prolonged economic recovery.

Trump to nominate lawyer Crenshaw to fill SEC Democratic commissioner slot

Thu, 06/18/2020 - 10:28
The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).

U.S. labor market improvement stalling; second wave of layoffs seen

Thu, 06/18/2020 - 10:23
The number of Americans filing for unemployment benefits fell last week, but the pace of decline has stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

LATAM Airlines says operations to plunge 50% by year's end

Thu, 06/18/2020 - 10:23
LATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years.

Ford's redesigned F-150 pickup will offer greater connectivity, sleeper seat

Thu, 06/18/2020 - 10:16
Ford Motor Co next week will show the next generation of its brawny F-150 pickup truck that offers a new sleeper-seat feature and over-the-air software updates in a machine Ford is counting on to help pay off coronavirus-related debts.

Chanel warns virus impact will linger on luxury sector

Thu, 06/18/2020 - 10:07
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

Wirecard scrambles to find missing $2.1 billion as loan crunch looms

Thu, 06/18/2020 - 09:45
Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm said the delay could cause billions in loans to be called in as soon as Friday.

Trump to nominate lawyer Crenshaw to serve as Democratic SEC commissioner

Thu, 06/18/2020 - 09:42
The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).

Trump to nominate lawyer Crenshaw to serve as Democratic SEC commissioner

Thu, 06/18/2020 - 09:42
The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).

Kroger says demand easing after coronavirus stockpiling

Thu, 06/18/2020 - 09:21
U.S. supermarket chain Kroger Co stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves.

Kroger says demand easing after coronavirus stockpiling

Thu, 06/18/2020 - 09:21
U.S. supermarket chain Kroger Co stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves.

Kroger says demand easing after coronavirus stockpiling

Thu, 06/18/2020 - 09:21
U.S. supermarket chain Kroger Co stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves.

Coronavirus raises stakes as auto unions ready for a fight

Thu, 06/18/2020 - 09:17
The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles.