Stocks traded sharply higher on Monday, led by strong gains in the tech sector, as Wall Street tried to build on the momentum from last week’s solid performance and shake off a continued rise in coronavirus cases. The Dow Jones Industrial Average rose 395 points, or 1.5%, while the S&P […]
FAN Editor
Stocks rally, yuan surges as investors bet on China revival
FILE PHOTO: A trader adjusts his mask as he works on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 28, 2020. REUTERS/Lucas Jackson July 6, 2020 By Herbert Lash NEW YORK (Reuters) […]
Lucky Brand files for bankruptcy amid COVID-19 crisis
The company joins several other retailers that recently filed for bankruptcy. July 6, 2020, 3:20 PM 4 min read After 30 years, Lucky Brand has filed for bankruptcy amid the coronavirus pandemic. On Friday, it was announced that the Los Angeles-based company, formally known as Lucky Brand Dungarees, LLC, filed […]
U.S. Treasury names small businesses that took pandemic aid, says 51.1 million jobs supported
FILE PHOTO: A woman runs past the Charging Bull sculpture in the Financial District as streets remain less busy due to the continuing outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York U.S., May 5, 2020 at 6:42PM. REUTERS/Lucas Jackson July 6, 2020 WASHINGTON (Reuters) – […]
Trump falsely claims 99% of coronavirus cases are “totally harmless”
President Trump is facing mounting criticism for falsely claiming that 99% of coronavirus cases are “totally harmless.” He made the comment over the weekend during a July 4th event at the White House where he continued downplaying the severity of the pandemic. CBS News White House correspondent Paula Reid joins […]
Man fleeing debris in iconic 9/11 photo dies from coronavirus
A man photographed fleeing smoke and debris as the south tower of the World Trade Center crumbled just a block away on Sept. 11, 2001, has died from coronavirus in Florida, his family said. The Palm Beach Post reported that Stephen Cooper, an electrical engineer from New York who lived […]
Canada business sentiment ‘strongly negative’ as coronavirus pandemic, low oil prices weigh: Bank of Canada survey
FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo July 6, 2020 By Kelsey Johnson and Julie Gordon OTTAWA (Reuters) – Business sentiment in Canada is “strongly negative” even as coronavirus restrictions have eased, though roughly half […]
Standoff over funding leaves 13,400 immigration workers facing furlough
In less than 30 days, the cash-strapped U.S. Citizenship and Immigration Services (USCIS) will start furloughing more than 13,400 employees — nearly 70% of its workforce — unless Congress authorizes emergency funding to avoid a scenario that would cripple the nation’s legal immigration system. USCIS — which administers green card […]
Argentina’s new bond offer gets praise, big guns stay silent
FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration taken September 3, 2019. REUTERS/Agustin Marcarian/Illustration/File Photo July 6, 2020 By Marc Jones and Tom Arnold LONDON (Reuters) – Argentina’s new debt restructuring offer won a tentative thumbs up from creditors as they digested the details on […]
Judge orders Dakota Access pipeline shut down pending review
Tom Lydon of ETF Trends shares his tips for investing in oil ETFs. FARGO, N.D. (AP) — A federal judge on Monday sided with the Standing Rock Sioux Tribe and ordered the Dakota Access pipeline to shut down until more environmental review is done. Continue Reading Below U.S. District Judge […]