- MarketWatch
Mexico’s president heads to Washington to meet with Trump
For his first foreign trip as president, Mexico’s Andrés Manuel López Obrador travels to Washington Tuesday to meet with President Donald Trump, who has repeatedly taken shots at Mexico and Mexican migrants to rally his base.
- Business Wire
COVID-19 Impact and Recovery Analysis | Photography Services Market 2019-2023 | Popularity of Social Media to Boost Growth | Technavio
The Global Photography Services Market will grow by USD 10.24 bn during 2019-2023
- GlobeNewswire
Allstate Expands Personal Lines Market Position with Acquisition of National General
The transaction is expected to close in early 2021, subject to regulatory approvals and other customary closing conditions. “Acquiring National General accelerates Allstate’s strategy to increase market share in personal property-liability and significantly expands our independent agent distribution,” said Tom Wilson, Chair, President and CEO. National General’s business and technology platforms will be utilized to further strengthen Allstate’s existing independent agent businesses.
- PR Newswire
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Wirecard AG - WCAGY- WRCDF
Pomerantz LLP is investigating claims on behalf of investors of Wirecard AG ("Wirecard" or the "Company") (OTCMKTS: WCAGY; WRCDF). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.
- Reuters
FOREX-Dollar bides time as coronavirus spread revives global growth anxiety
The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven demand for the U.S. currency. Risk sentiment was also undermined after Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures start to expire. Other Asian currencies straddled narrow ranges as a resurgence of coronavirus cases threatened a return of lockdown restrictions, leaving investors fretting about the mounting economic costs of the pandemic.
- GlobeNewswire
Vir Biotechnology Announces Pricing of Public Offering of Common Stock
SAN FRANCISCO, July 07, 2020 -- Vir Biotechnology, Inc. (Nasdaq: VIR), a clinical-stage immunology company focused on treating and preventing serious infectious diseases, today.
- Reuters
Trump administration says pandemic aid saved 51 million jobs. Did it?
U.S. President Donald Trump's administration touted its $660 billion small business pandemic aid program this week as a "wild success," unveiling data that showed the initiative saved 51 million jobs. For example, a Reuters analysis of the data found that 827 companies reported saving at least 400 jobs with a loan smaller than $150,000. Two hundred of those companies reported saving at least 400 jobs with a loan of just $5,000 or less.
- Reuters
Australian banks extend loan holiday for struggling borrowers
The Australian Banking Association (ABA) added that people struggling to repay mortgage or business loans would also be given options to restructure existing loans. The new extension follows the ABA's announcement in March of a six-month deferral of repayments. "This next phase of bank support will avoid a 'cliff' for customers in September and give them the breathing space they need to work with their bank and get back on their feet financially," said ABA Chief Executive Anna Bligh.
- Reuters
Trump aides weighed proposals to undermine Hong Kong’s dollar peg - Bloomberg
The proposal to strike against the Hong Kong dollar peg, possibly by limiting the ability of Hong Kong banks to buy U.S. dollars, was raised as part of broader discussions among advisers to Secretary of State Mike Pompeo, it added. Other administration members pushed back against the proposal, worrying that such a move would only hurt Hong Kong banks and the United States, not China, sources told Bloomberg. The idea wasn't elevated to White House's senior levels, the report said, suggesting that it hasn't gained serious traction yet.
- PR Newswire
BNY Mellon, Deutsche Bank Collaborate to Revolutionize Custody FX for Restricted EM Currencies
BNY Mellon and Deutsche Bank have jointly developed a new API-enabled foreign-exchange (FX) solution that can dramatically improve confirmation times for restricted emerging-market currency trades.
- Reuters
Coronavirus spurs Japan bank lending at record pace in June
Japanese bank lending grew at the fastest annual pace on record in June as companies continued to hoard cash to tide over the sweeping impact of the coronavirus pandemic, central bank data showed on Wednesday. Deposits parked at financial institutions also surged to an all-time high as big companies parked funds they borrowed as a precaution to meet immediate cash needs, the BOJ data showed. The increase suggests companies are still reeling from the effects of the pandemic, even after Japan lifted lockdown measures to contain the virus in late May.
- GlobeNewswire
The Global Connected Gym Equipment Market is expected to grow by $ 1.48 bn during 2020-2024 progressing at a CAGR of 22% during the forecast period
New York, July 07, 2020 -- Reportlinker.com announces the release of the report "Global Connected Gym Equipment Market 2020-2024" -.
- Reuters
Exclusive: U.S. probing allegations TikTok violated children's privacy - sources
The Federal Trade Commission and the U.S. Justice Department are looking into allegations that popular app TikTok failed to live up to a 2019 agreement aimed at protecting children's privacy, according to two people interviewed by the agencies. A staffer in a Massachusetts tech policy group and another source said they took part in separate conference calls with FTC and Justice Department officials to discuss accusations the China-based short video sharing app had failed to live up to an agreement announced in February 2019. The Center for Digital Democracy, Campaign for a Commercial-Free Childhood and others in May asked the FTC look into their allegations TikTok failed to delete videos and personal information about users age 13 and younger as it had agreed to do, among other violations.
- Investor's Business Daily
Dow Jones Futures: Coronavirus Stock Market Rally Steps Back, But Tesla, These Leaders Advance; Facebook In Focus Late
The stock market rally had a down day, but not hot EV plays Tesla and Nio. Facebook is in focus late after Mark Zuckerberg met with ad boycott organizers.
- Reuters
U.S. consumer watchdog removes 'ability-to-pay' need from final payday loan rule
The U.S. Consumer Financial Protection Bureau on Tuesday issued its long-awaited payday lending measure that rescinds an Obama-era proposal requiring lenders first ensure a borrower is able to repay them. Consumer advocates blasted the move as a further sign the Trump administration is going easy on predatory lenders. Lenders would have been required to ensure borrowers had the means to repay a loan and meet other living expenses.
- Reuters
Insurer Allstate to buy National General for about $4 bln
Allstate Corp said on Tuesday it will buy National General Holdings Corp for about $4 billion in cash as the insurer looks to expand its market share in personal lines insurance business. National General's shareholders will receive $32 per share in cash and closing dividends of $2.50 per share for each share held, representing a premium of about 69% to its Tuesday's close.
- Reuters
DHL to cut 2,200 UK workers at Jaguar Land Rover factories, union says
The job cuts comprise just under 40% of the entire DHL workforce on the contract, the union said. DHL indicated that the half of the job cuts are due to a decline in car production and half are the result of anticipated "efficeincy savings", the union added. "DHL must not attempt to make permanent full-time staff redundant while continuing to outsource work to sub-contractors," Matt Draper, Unite national officer for logistics, said.
- Motley Fool
Why Macy's Stock Plunged 60% in the First Half of the Year
Macy's (NYSE: M) shares fell 60% in the first six months of the year, according to data from S&P Global Market Intelligence, as the company was hit hard by the coronavirus pandemic. The department store chain was forced to sharply cut back on expenses, take on more debt, and pause its turnaround as stores closed for several weeks. With a heavy real estate footprint and a business largely dependent on apparel sales, which come with a distinct set of challenges during the lockdown, Macy's is struggling to manage its way through the crisis.
- Business Wire
COVID-19 Impact and Recovery Analysis|Dry-cleaning And Laundry Services Market 2019-2023 | Smart-laundry Technology to Boost Growth | Technavio
The Global Dry-cleaning and Laundry Services Market will grow by USD 13.75 bn during 2019-2023
- Thomson Reuters StreetEvents
Edited Transcript of FSL.NSE earnings conference call or presentation 27-May-20 4:30am GMT
Q4 2020 Firstsource Solutions Ltd Earnings Call
- Fox Business
Trump: Harvard should be ashamed of itself for continuing with online instruction
President Trump ripped into Harvard University on Tuesday for its decision to continue with online coursework into the 2020-2021 academic year amid the coronavirus pandemic.
- Newsfile
American Creek Announces Postponement of Annual General Meeting
Cardston, Alberta--(Newsfile Corp. - July 7, 2020) - American Creek Resources Ltd. (TSXV: AMK) (the "Company" or "American Creek") - announces that due to ongoing concerns related to the spread of COVID-19, and in order to mitigate potential risks to the health and safety of its shareholders and communities, the Company has elected to postpone this year's annual general meeting of shareholders (the "AGM") which originally would have been at this time. The ...
- GlobeNewswire
Ascendis Pharma A/S Announces Pricing of Public Offering of ADSs
Ascendis Pharma A/S (ASND), a biopharmaceutical company that utilizes its innovative TransCon™ technologies to address unmet medical needs, today announced the pricing of its underwritten public offering of 4,225,352 American Depositary Shares (“ADSs”), each of which represents one ordinary share of Ascendis, at a price to the public of $142.00 per ADS. All of the ADSs are being offered by Ascendis. In addition, Ascendis has granted the underwriters a 30-day option to purchase up to an additional 633,802 ADSs at the public offering price, less the underwriting commissions.
- Fox Business
Lane Bryant, Ann Taylor owner to file for bankruptcy: Report
Ascena Retail Group, the owner of brands like Lane Bryant and Ann Taylor, is preparing to file for bankruptcy as soon as this week, according to Bloomberg.
- Moody's
California Resources Corp. -- Moody's downgrades California Resources' CFR and PDR to Ca, lowers certain other ratings
Moody's Investors Service, ("Moody's") downgraded California Resources Corporation's (CRC) Corporate Family Rating (CFR) to Ca from Caa3, ratings on its senior secured first lien term loan due 2022 to Caa3 from Caa1 and ratings on its senior secured first lien term loan due 2021 to Ca from Caa3. At the same time, Moody's downgraded CRC's Probability of Default Rating (PDR) to Ca-PD/LD from Caa3-PD and affirmed its senior secured revolving credit facility rating at B2. There is no change to the SGL-4 Speculative Grade Liquidity Rating.
