News

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Fri, 03 Jul 2020 03:45:28 GMT

Lemonade shares jump 73% in market debut

Shares in Lemonade Inc, the SoftBank-backed insurance firm, surged as much as 73% in their US market debut, driven by the rebound in the investor demand for fresh listings after the coronavirus crisis.

Fri, 03 Jul 2020 03:34:12 GMT

Deutsche Bank considers backing Wirecard's bank

Deutsche Bank is considering an option to provide "financial support" to Wirecard's banking unit in Germany.

Thu, 02 Jul 2020 23:11:21 GMT

Aeromexico shares bounce back on sharp losses

On Thursday, Aeromexico's shares surged by 26% after plunging the day before amid the Mexican carrier's announcement about the start of bankruptcy proceedings as the COVID-19 pandemic hit its business.

Thu, 02 Jul 2020 20:10:46 GMT

Airbus CEO comments job losses

On Thursday, the CEO of Airbus Guillaume Faury stated to Spiegel that Germany could prevent the upcoming job cuts in the company.

Thu, 02 Jul 2020 18:46:09 GMT

Boeing pulls plug on jumbo jet

Bloomberg announced on Thursday that Boeing would cancel the 747 jumbo jet production.

Thu, 02 Jul 2020 18:27:06 GMT

Fed buys mortgage bonds

On Thursday, the US Federal Reserve announced that it had bought $22.71 billion of mortgage backed securities.

Thu, 02 Jul 2020 16:41:01 GMT

Tesla tops Q2 car deliveries estimates

On Thursday, Tesla has beat analysts' expectations for its Q2 vehicle deliveries, sending the electric carmaker's shares up 8% on the report.

Thu, 02 Jul 2020 15:51:20 GMT

Oil prices stay on hold on US unemployment

On Thursday, oil prices remained almost unchanged amid a slide in US unemployment as well as Wednesday's fall in crude inventories, Reuters reported.

Thu, 02 Jul 2020 15:40:34 GMT

Angela Merkel advises staying precautious

On Thursday, Germany's Chancellor Angela Merkel has acknowledged that the worst part of the COVID-19 pandemic has passed, but it is necessary to keep precautions.

Thu, 02 Jul 2020 14:05:15 GMT

Dollar reaches low level

During Thursday's trading hours, the US Dollar continued to decline, as the currency reached a new weekly low level.

Thu, 02 Jul 2020 12:42:54 GMT

Tesla beats estimates

On Thursday, Tesla announced that the company has beat Wall Street's estimates of the company's quarterly vehicle delivery.

Thu, 02 Jul 2020 11:57:15 GMT

Coty appoints ex-L'Oréal exec as new CEO

On Thursday, Coty Inc has appointed the former L'Oreal top executive Sue Nabi as the company's new chief executive officer, the third one in 2020, sending its shares up nearly 4%.

Thu, 02 Jul 2020 10:52:53 GMT

Tesla builds RNA microfactories

Tesla's CEO Elon Musk announced on Wednesday that the electric carmaker was constructing "RNA microfactories" for CureVac, the coronavirus vaccine developer, in Germany.

Thu, 02 Jul 2020 09:47:27 GMT

Crude oil gains value

During Thursday's European trading hours, crude oil price benchmarks surged, as a drop in US stockpiles was recently revealed.

Thu, 02 Jul 2020 09:39:33 GMT

Global food price index surges in June

World food prices soared in June, marking their first rise of 2020 and a minor rebound after the plunge caused by the coronavirus outbreak, the UN food agency reported on Thursday.

Thu, 02 Jul 2020 07:56:11 GMT

Fed's Bullard sees financial crisis risks

James Bullard, the President of Federal Reserve Bank in St. Louis, warned that a surging number of bankruptcies caused by the coronavirus pandemic could trigger a financial crisis.

Thu, 02 Jul 2020 06:44:20 GMT

McDonald's to delay US dine-in service reopening

McDonald's is planning to pause its dine-in service reopening in the US by 21 days due to an increase in the number of COVID-19 cases, despite being hurt by the restaurant shutdowns, with its global sales plunging as much as 30% in the first two months of Q2.

Thu, 02 Jul 2020 06:37:04 GMT

PG&E exits Chapter 11 bankruptcy

The utility PG&E Corp has emerged from the Chapter 11 bankruptcy, ending drawn-out restructuring process triggered after the company's equipment sparked California's deadliest wildfires.

Thu, 02 Jul 2020 04:40:53 GMT

Fed comments on policy

On Wednesday, the US Federal Reserve Policymakers revealed that they would most likely stick to keeping inflation near the two percent level.

Thu, 02 Jul 2020 04:31:14 GMT

US Dollar declines

During late Wednesday's trading hours, the US Dollar declined in value against peer currencies, as good European data attracted assets to the Euro.

Thu, 02 Jul 2020 03:31:12 GMT

US stocks surge on Wednesday

During Wednesday's US trading hours, US stocks closed higher, as there were hopes in the news feeds of a coronavirus vaccine.

Wed, 01 Jul 2020 20:41:25 GMT

Apple closes down stores

Apple Incorporate announced on Wednesday that it would re-close seven stores in the US, which brings the total number of closed stores to 77.

Wed, 01 Jul 2020 19:42:40 GMT

Fed's Daly views five-year recovery

On Wednesday, Mary Daly, Federal Reserve Bank's President in San Francisco, stated that she was expecting up to five years of the US economic recovery in the best-case scenario, anticipating that unemployment would still top 10% in the 2020-end.

Wed, 01 Jul 2020 18:42:41 GMT

Zoom adds over 100 new tools

Zoom Video Communications has added more than 100 new features to the video conferencing platform on the back of the 90-day plan aimed at addressing privacy and security concerns.

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