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Calvin Klein owner PVH to cut 450 jobs in North America, shut 162 outlets

PVH Corp said on Tuesday it would cut 450 jobs in North America and shutter 162 retail stores of its business that houses brands such as Van Heusen and IZOD, as the coronavirus crisis wreaks havoc on the apparel industry.

Markets

Airbnb bookings pick up, crosses one million mark on a single day

Home rental firm Airbnb Inc said on Tuesday it recorded more than 1 million bookings globally on July 8, offering an early sign of recovery after a slowdown in reservations during the COVID-19 pandemic.

Markets

Commentary: Government bailouts can help better our post COVID-19 lives

Governments must enforce conditionality on the private sector so it leads to more inclusive and sustainable growth, say Mariana Mazzucato and Antonio Andreoni.

Markets

Commentary: How Singapore can thrive in a world past peak trade, with more regional blocs

As countries turn inward and trade takes a beating this coronavirus season, growing regionalisation may provide the spark to keep globalisation going, says SMU’s Yuan Mei.

Markets

Fed officials warn on ‘thick fog’ ahead for US economy as recovery concerns deepen

The U.S. economy will have a slower-than-expected recovery amid a surge in novel coronavirus cases across the country and a broad second wave of the disease could cause economic pain to deepen again, Federal Reserve officials warned on Tuesday.

Markets

COVID-19 worries and FOMO drive options bets on surging tech giants

Options investors are ramping up bets on some of this year's biggest winners, including Amazon.com Inc , Netflix Inc and Tesla Inc , even as they turn cautious on the wider market amid a resurgent U.S. coronavirus outbreak.

Markets

Massachusetts sues Uber, Lyft over driver status as contractors

Massachusetts on Tuesday followed California in suing Uber Technologies Inc and Lyft Inc over allegedly misclassifying their drivers as independent contractors instead of employees entitled to extensive benefits.

Markets

Google faces lawsuit over tracking in apps even when users opted out

Alphabet Inc's Google records what people are doing on hundreds of thousands of mobile apps even when they follow the company's recommended settings for stopping such monitoring, a lawsuit seeking class action status alleged on Tuesday.

Markets

Virus worries and FOMO drive options bets on surging tech giants

Options investors are ramping up bets on some of this year's biggest winners, including Amazon.com Inc , Netflix Inc and Tesla Inc , even as they turn cautious on the wider market amid a resurgent U.S. coronavirus outbreak.

Markets

“Thick fog” over US economy and Fed will need to provide sustained accommodation: Brainard

There is a great deal of uncertainty about the path ahead for the U.S. economy and the Federal Reserve should use forward guidance and large-scale asset purchases for a "sustained" period in order to help the recovery, Fed Governor Lael Brainard said on Tuesday, as she offered a downbeat...

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