June 8, 2020

Nasdaq hits record high as U.S. recession becomes official

On the same day that the Nasdaq marked a new bull market, the U.S. economy was officially declared to be in a recession. The two milestones […]
June 8, 2020

JetBlue to fly about 50% of July schedule, more in August: CNBC interview

JetBlue Airways Corp expects to fly about half of its original schedule in July, up from about 25% to 30% in June, and a bit more […]
June 8, 2020

Nasdaq sets new record, close to confirming bull market in place

The Nasdaq Composite Index rose to a new high on Monday, and looks on track to confirm that it was the first of Wall Street’s main […]
June 8, 2020

PG&E plans $5.75 billion equity raise to fund bankruptcy exit

California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy […]
June 8, 2020

Volkswagen replaces Herbert Diess as CEO of the VW brand

Volkswagen on Monday replaced Herbert Diess as chief executive of the VW brand and installed chief operating officer Ralf Brandstaetter to lead cost cutting efforts at […]
June 8, 2020

South Korean court denies arrest warrant request for Samsung heir

A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and […]
June 8, 2020

Ryanair’s O’Leary says UK quarantine will be quashed or dropped

Ryanair boss Michael O’Leary said he believed Britain’s coronavirus quarantine will be struck down by the courts or dropped within weeks as some of Europe’s biggest […]
June 8, 2020

Factbox: Who’s bidding to be next World Trade Organization chief?

The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil’s Roberto Azevedo, who is stepping down a year […]
June 8, 2020

S&P 500, Dow extend rally on hopes of swift economic rebound

Wall Street’s major indexes rose on Monday, building on last week’s sharp gains after a surprisingly upbeat jobs report raised bets of a swift recovery from […]
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