June 4, 2020

Bank of America to pay $7.23 million for mutual fund overcharges: FINRA

Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator’s accusations that it overcharged customers on mutual funds. […]
June 4, 2020

ECB sends euro higher, stocks struggle with fatigue

World markets swung between hope and caution on Thursday as a another shot of European Central Bank stimulus was offset by still-troublesome U.S. data and general […]
June 4, 2020

Oil drops on U.S. inventories and doubts over output cuts

Oil prices dropped on Thursday on doubts over the ability of crude producers to agree to extend record output cuts, heightened by worries over a build […]
June 4, 2020

U.S. new weekly jobless claims drop below 2 million

The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies […]
June 4, 2020

U.S. Labor secretary: Jobless rate can dip below 10% by year’s end

The U.S. unemployment rate, which economists expect hit 19.8% in May, should be able to drop below 10% by the end of 2020 now that workers […]
June 4, 2020

American Airlines to boost U.S. flights in July as economy reopens

American Airlines Group Inc said Thursday it will boost its U.S. flight schedule next month over dramatic reductions since the coronavirus pandemic, planning to fly more […]
June 4, 2020

American Airlines seeing slow but steady rise in domestic demand

American Airlines Group Inc said on Thursday it was seeing a slow but steady rise in domestic demand, as coronavirus-led lockdowns start to ease. Powered by […]
June 4, 2020

Wall Street opens lower as rally loses steam

U.S. stocks opened lower on Thursday as a rally fueled by hopes of an economic rebound from a coronavirus-led downturn ran out of steam even with […]
June 4, 2020

Factbox: German stimulus to drive forward green vehicles

Germany’s coronavirus recovery stimulus package contains measures to boost low emission cars and electric vehicle charging infrastructure. Powered by WPeMatico
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