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Markets

Coronavirus threatens Chicago’s last remaining trading pits

Chicago brokers and traders worry the novel coronavirus will kill more of the city's once famous shout-and-gesture trading pits.

Markets

Wall Street rises after biggest pullback since March

Wall Street's main indexes rose on Friday, as bargain hunters returned after a punishing session a day earlier, but the indexes were still on track for their worst week in nearly three months on fears over new coronavirus cases and economic worries.

Markets

US senators draft plan to reform new plane design approvals after 737 MAX crashes

Two key US senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two fatal Boeing 737 MAX crashes that killed 346 people.

Markets

American Airlines expects to halt cash burn by year-end, shares jump

American Airlines Group Inc said on Friday (Jun 12) it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel demand, easing concerns about its short-term liquidity.

Markets

Venezuelan shipping magnate faces US sanctions probe: Officials

The United States is investigating a Venezuelan shipping magnate for possibly violating US sanctions by bringing fuel to gasoline-short Venezuela, according to two senior Trump administration officials.

Markets

US, Brazil in talks on funding to buy 5G gear from Ericsson, Nokia – paper

SAO PAULO: The United States is in talks with Brazil and its local telecommunications companies on funding the acquisition of fifth-generation gear produced by Ericsson and Nokia, U.S. ambassador for Brazil Todd Chapman told Brazilian newspaper Folha de S.Paulo. In an interview published on ...

Markets

Japan aims to launch coronavirus contact tracking app next week

Japan aims to launch a smartphone app based on technology from Apple Inc and Alphabet Inc's Google next week to help curb the spread of coronavirus by tracking close contact with those infected, the health ministry said on Friday.

Markets

White House sees red state/blue state divide in post-coronavirus economic recovery

A top White House economic adviser on Friday predicted an "increasing divergence" between states controlled by Republican governors and those led by Democrats, saying Republican "red" states opening up faster will see a stronger economic recovery.

Markets

Key US senators draft plan to reform new plane design approvals after 737 MAX crashes

Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two fatal Boeing 737 MAX crashes that killed 346 people.

Markets

US consumer confidence rises; COVID-19, unemployment shadow lingers

US consumer sentiment perked up in early June as households cheered the reopening of businesses and a surprise rebound in hiring, though they did not expect a significant improvement in the economy amid fears of a resurgence in COVID-19 infections.

Markets

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