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CNBC BusinessMay 28, 2020
Coronavirus live updates: NYC reports lowest daily positive testing rate since outbreak; Popeyes sales soar more than 40%
The coronavirus has infected more than 5.71 million people around the world as of Thursday, killing at least 356,124 people.

RELATED ARTICLES
UK suffers second-highest death rate from coronavirus (FT.com - US)

Reuters BusinessMay 28, 2020
Trump set to order review of law that protects social media companies
U.S. President Donald Trump is expected to order a review of a law that has long protected internet companies, including Twitter and Facebook, an extraordinary attempt to intervene in the media that experts said was unlikely to survive legal scrutiny.

RELATED ARTICLES
UPDATE 3-Trump set to order review of law that protects social media companies (Reuters Company News)
Coronavirus update: Grim milestone in U.S. as Trump readies executive order (MarketWatch Breaking News)

CNBC FinanceMay 28, 2020
Expanded unemployment benefits for self-employed reach 8 million workers
Expanded unemployment benefits offered through the Pandemic Unemployment Assistance program are reaching nearly 8 million Americans, about 25% of all recipients.

USA Today MoneyMay 28, 2020
COVID-19 is changing how we buy cars with online sales, home delivery and more transparent pricing
Many car dealerships had already adapted to some sales online, but few had offered home delivery prior to COVID-19 shutdowns. Here's what is changing.       

RELATED ARTICLES
Employment after COVID-19: Firms must weigh risk with privacy (Accounting Today)
Called to Account: How companies are becoming creative with accounting during the COVID-19 pandemic (MarketWatch)

MarketWatchMay 28, 2020
Economic Report: Pending home sales saw biggest decline on record in April because of coronavirus pandemic
Between March and April, contract signings for home purchases dropped over 21%.

RELATED ARTICLES
Amazon Is Offering To Keep 125,000 Workers It Hired For The Pandemic (NPR Topics: Business)

Reuters Company NewsMay 28, 2020
UPDATE 2-European stocks rise for fourth day on healthcare bounce
* Markets ignore U.S.-China tensions for now (Updates to market close)

RELATED ARTICLES
Stocks, euro rise on recovery hopes, U.S.-China tensions lift gold (Reuters Business)
GLOBAL MARKETS-Stocks, euro rise on recovery hopes, U.S.-China tensions lift gold (Reuters Company News)

CNBC FinanceMay 28, 2020
Stock market live updates: Dow up 150, biggest bear bounce ever? Cramer says rally 'too far, too fast'
A conversation about the latest market-moving news, including the upcoming jobless claims data and China passing a controversial Hong Kong bill.

RELATED ARTICLES
Airline stocks pull back, but continue to outperform as TSA traveler data keeps improving (MarketWatch MarketPulse)

MarketWatch Breaking NewsMay 28, 2020
Stocks inch up as investors shrug off Hong Kong tension, latest job destruction
Stocks inch up as investors shrug off Hong Kong tension, latest job destruction

Reuters Company NewsMay 28, 2020
CANADA STOCKS-TSX opens higher on economic recovery hopes
Canada's main stock index opened higher on Thursday on hopes that the easing of lockdowns across the world would put the global economy back on track.

RELATED ARTICLES
Bond Report: Treasury yields edge higher as traders tackle rush of U.S. economic data (MarketWatch)
European stocks march higher on hopes of swift economic recovery (FT.com - Financial Markets)

Google Business NewsMay 28, 2020
Hong Kong Security Plan Is Approved, Tightening China's Hold - The New York Times
Hong Kong Security Plan Is Approved, Tightening China's Hold  The New York TimesPompeo says Hong Kong is no longer autonomous from China, jeopardizing billions of dollars in trade  CNNDollar stands its ground as Hong Kong tensions weigh  CNBCWill President Trump Stand With Hong Kong?  The New York Times

FT.com - USMay 28, 2020
How will Trump intervention affect Hong Kong business?
Analysts warn that any US measures would have a ‘chilling effect' on business activity

Reuters Company NewsMay 28, 2020
WRAPUP 4-U.S. weekly jobless claims drop, but economic recovery still elusive
The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained at astonishingly high levels, suggesting it could take the economy a while to rebound as businesses reopen.

RELATED ARTICLES
Economic Report: Jobless claims rise over 2 million again but data offer glimmer of hope (MarketWatch)
Easing Unemployment Claims Show Slower Pace of Virus-Related Layoffs (Wall Street Journal US Business)

Yahoo BusinessMay 28, 2020
How to possibly make easy money from Trump's battle with Twitter and Facebook
Try this trade on for size amidst the brewing battle between President Trump and social media companies.


RELATED ARTICLES
Defying Trump, Twitter Doubles Down on Labeling Tweets (NYTimes Business)
It Looks Like Trump's Draft Executive Order Targeting Facebook and Twitter Got Leaked Online (Entrepreneur.com)

Wall Street Journal US BusinessMay 28, 2020
Trump to Sign Order Targeting Social Media
An executive order President Trump is expected to sign on Thursday would seek to limit the broad legal protection that federal law provides to social-media and other online platforms.

NYTimes BusinessMay 28, 2020
As the U.S. Lashes Out at China, Beijing Hardens Its Resolve
From China's perspective, the punitive measures on trade, technology and Hong Kong have simply revealed the core of American hostility.

Reuters BusinessMay 28, 2020
U.S. weekly jobless claims still elevated; core capital goods orders fall
The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave layoffs in the private sector.

Google Business NewsMay 28, 2020
Trump tweets condolences for 100,000 dead from coronavirus amid morning tweetstorm - CNN
Trump tweets condolences for 100,000 dead from coronavirus amid morning tweetstorm  CNNView Full Coverage on Google News

Chicago Tribune Business NewsMay 28, 2020
COVID-19 spurs union pushes among Chicago-area essential workers. ‘We're not just burger flippers. We've been essential.'
The coronavirus pandemic has propelled union efforts among essential workers in the Chicago area.

Reuters Company NewsMay 28, 2020
CANADA STOCKS-TSX treads water as rising U.S.-China tensions offset recovery hopes
Canada's main stock index struggled for direction on Thursday as investors weighed a slide in energy stocks and rising U.S.-China trade tensions against hopes of an economy recovery as countries reopened more businesses.

Yahoo BusinessMay 28, 2020
Stock market news live updates: Stocks up slightly amid dismal economic data
Stocks were mixed Thursday morning amid a deluge of new economic data, much of which was still consistent with a contraction but at least signaled some stabilization after an initial slump in activity.


SEC.gov Updates: News DigestMay 28, 2020
NPORT-P - DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS (0000357059) (Filer)
2020-05-28 0001752724-20-107371 364 KB

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NPORT-P - BRUCE FUND INC (0000047071) (Filer) (SEC.gov Updates: News Digest)
497K - FEDERATED HIGH INCOME BOND FUND INC (0000225318) (Filer) (SEC.gov Updates: News Digest)

MarketWatch MarketPulseMay 28, 2020
GE's stock pulls back after CEO Culp presents at analyst conference
Shares of General Electric Co. pulled back 2.9% in midday trading, after running up 13.7% over the past two sessions, as the industrial conglomerate provided an update on its business at analysts conference. The selloff reverses and earlier intraday gain of as much as 2.7% soon after the opening bell. Chief Executive Larry Culp said at the Bernstein Strategic Decisions Conference that second-quarter free cash flow (FCF) was expected to be negative $3.5 billion to $4.5 billion, according to report in The Wall Street Journal. That follows negative FCF of $2.2 billion in the first quarter. In the post-earnings conference call with analysts on April 29, Chief Financial Officer Carolina Dybeck Happe said looking forward, she expected "continued free cash flow pressure," according to a FactSet transcript. Culp also said Thursday at the Bernstein conference that business in its Aviation segment remained slow, and expects increased costs in the "hundreds of millions" in the second quarter as the value of long-term service contracts are reduced, as they are now expected to be less profitable, the WSJ report said. GE's stock has slumped 35.0% over the past three months, while the Dow Jones Industrial Average has gained 1.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



CNBC FinanceMay 28, 2020
Stocks making the biggest moves midday: Dollar Tree, HP, Twitter, Six Flags & more
Take a look at the companies making headlines in midday trading.

Reuters Company NewsMay 28, 2020
UPDATE 1-General Electric CEO warns of negative cash flow in 2020
General Electric Co on Thursday warned 2020 free cash flow would be negative as it struggles with weakness in its aviation and power units due to the coronavirus outbreak, sending its shares 3% lower.

RELATED ARTICLES
General Electric CEO warns of negative cash flow in 2020 (Yahoo Business)

MarketWatchMay 28, 2020
England set for garden parties and group gatherings as Prime Minister Boris Johnson eases lockdown measures
Prime Minister Boris Johnson announced measures to further ease lockdown in England at a press conference on Thursday

Reuters Company NewsMay 28, 2020
China backs away from U.S. chicken during COVID-19 recovery -Sanderson Farms
China will be out of the market for U.S. chicken in June as it recovers from the coronavirus pandemic, in a reversal from a recent surge of imports, the president of American poultry company Sanderson Farms Inc said on Thursday.

Reuters BusinessMay 28, 2020
Oil prices rise on higher U.S. gasoline demand, refinery runs
Oil futures rose on Thursday, erasing earlier losses, on signs U.S. gasoline demand is rising despite a big surprise build in crude inventories and worries that China's new Hong Kong security law could result in trade sanctions.

RELATED ARTICLES
Oil futures remain lower after rise in crude inventories (MarketWatch MarketPulse)

MarketWatch MarketPulseMay 28, 2020
British Airways credit downgraded to 'junk' territory at Moody's
The U.S.-listed shares of British Airways parent International Consolidated Airlines Group S.A. fell 1% in morning trading Thursday, after Moody's Investors Service downgraded British Airways's credit rating to "junk" status, citing expectations that the airline industry will remain "deeply constrained" this year and next given the "increasing duration and severity" of the coronavirus pandemic. The airline's rating was lowered to Ba1 from Baa3, which was the lowest investment grade rating. The outlook for the rating is negative, which warns of further potential downgrades. Moody's said it doesn't expect passenger volumes for the airline industry to recover to 2019 levels until 2023, "at the earliest." The stock has tumbled 63.3% year to date, while the U.S. Global Jets ETF has dropped 50.5% and the S&P 500 has lost 5.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsMay 28, 2020
N.Y. City Council to Push Plan for Outdoor Dining: Live Updates - The New York Times
N.Y. City Council to Push Plan for Outdoor Dining: Live Updates  The New York TimesDe Blasio warns of New York City's multibillion-dollar deficit amid coronavirus, pleads for aid  Fox NewsL.A. Mayor Announces Reopening Of Churches, More Retail | NBC News NOW  NBC NewsChicago releases plan for reopening restaurants, leaving NYC in the dust  New York Post After the Covid Apocalypse  T

RELATED ARTICLES
Live Unemployment Numbers Report Tracker - The New York Times (Google Market News)

CNBC BusinessMay 28, 2020
Abercrombie & Fitch sales fall 34%, with stores forced shut during coronavirus pandemic; shares fall
Abercrombie & Fitch said its sales tanked 34% during the first quarter as its stores were forced shut during the coronavirus pandemic.

CNBC BusinessMay 28, 2020
New York Gov. Cuomo says businesses will be allowed to deny entry to people not wearing a face covering
New York Gov. Andrew Cuomo announced an executive order Thursday to authorize businesses to deny entry to people who are not wearing masks or face coverings.

Reuters BusinessMay 28, 2020
U.S. major airlines roll out more options to avoid staff lay-offs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show.

Reuters BusinessMay 28, 2020
New York's Cuomo says businesses can turn away people not wearing masks
New York Governor Andrew Cuomo said he would sign an executive order on Thursday authorizing businesses to deny entry to anyone who does not wear a mask or face covering, stressing masks were critical to preventing the spread of the novel coronavirus.

Yahoo BusinessMay 28, 2020
Cuomo Expands Mask Order; Moscow Raises Death Toll: Virus Update
(Bloomberg) -- South Korea reported its biggest spike in new coronavirus cases in almost two months, raising concern about a second wave of infections. Small clusters also emerged in several locations in Japan in its first week since the emergency was lifted.U.S. states' jobless rolls shrank for the first time during the pandemic in a sign people are starting to return to work. President Donald Trump issued a tweet acknowledging the "very sad milestone" after 100,000 Americans died of Covid-19, the most in the world.Cases continued to soar in Brazil, and the U.K.'s tracing program was hit by technical problems on the day of its launch.Roche's immune suppressor Actemra will be paired with Gilead's antiviral remdesivir in a late-stage trial of a drug combination, while GlaxoSmithKline said it will produce 1 billion doses of a vaccine adjuvant -- a booster that can help any brand of shot -- to support immunization against the pandemic.Key Developments:Virus Tracker: Cases top 5.7 million; deaths over 356,000Why New York suffered when other cities were sparedLatin America now accounts for 40% of daily virus deathsA radical plan and $2.6 trillion bring Europe back from abyssDisney's Florida theme parks expected to reopen in JulyHow can I get it? The evidence on transmission: QuickTakeSubscribe to a daily update on the virus from Bloomberg's Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus. For a look back at this week's top stories from QuickTake, click here.Cuomo Expan

Reuters Company NewsMay 28, 2020
UPDATE 1-Gum, mints and snack bar sales slump, as U.S. consumers order online amid COVID-19 crisis
Impulse purchases - gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line - are falling as more people get groceries delivered or pick them up curbside.

Google Market NewsMay 28, 2020
Protests over death of George Floyd continue to roil Minneapolis, and beyond - The Washington Post
Protests over death of George Floyd continue to roil Minneapolis, and beyond  The Washington PostDeadly shooting near George Floyd protest as looting, arson grip Minneapolis  Fox NewsProtests, looting erupt in Minneapolis over racially charged killing by police  Yahoo News'Unbelievable devastation': 1 dead as Floyd protests boil over again  Minnesota Public Radio NewsWe Refuse To Call It Murder, But How Else Do You Explain The Killing Of George Floyd?

Reuters Company NewsMay 28, 2020
CORRECTED-Gum, mints and snack bar sales slump, as U.S. consumers order online amid COVID-19 crisis
Impulse purchases - gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line - are falling as more people get groceries delivered or pick them up curbside.

MarketWatch Breaking NewsMay 28, 2020
April decline in U.S. pending home sales is biggest ever recorded
April decline in U.S. pending home sales is biggest ever recorded

RELATED ARTICLES
CORRECTED-Japanese automakers' April sales halved (Reuters Company News)

CNBC BusinessMay 28, 2020
GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns
General Motors and Ford Motor are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic.

FT.com - USMay 28, 2020
American Airlines to axe 30% of management and support staff
US airline foreshadows further cuts after taking $5.8bn of government funds to preserve jobs until September

Automotive News Breaking NewsMay 28, 2020
GM, Ford use payment programs with banks to aid suppliers
Keeping small suppliers afloat financially is critical for the automakers as they try to restart North American factories and generate cash from sales of large pickup trucks, crossovers and SUVs.



FT.com - China, Economy & TradeMay 28, 2020
Why Beijing's security law could lead to the death of Hong Kong
FT's Jamil Anderlini explains why Hong Kong could be about to change forever

RELATED ARTICLES
China approves controversial national security law for Hong Kong - CNN (Google Business News)

Reuters BusinessMay 28, 2020
Britain's easyJet to axe up to 30% of staff
British low cost airline easyJet said it planned to cut up to 30% of its staff, or 4,500 jobs, and shrink its fleet, to fit the smaller market that will emerge from the coronavirus pandemic.

RELATED ARTICLES
UPDATE 2-Britain's easyJet to axe up to 30% of staff (Reuters Company News)

SEC.gov Updates: News DigestMay 28, 2020
424B2 - GOLDMAN SACHS GROUP INC (0000886982) (Filer)
2020-05-28 0001564590-20-027210 495 KB

RELATED ARTICLES
6-K - NexGen Energy Ltd. (0001698535) (Filer) (SEC.gov Updates: News Digest)

Wall Street Journal US BusinessMay 28, 2020
U.S. Economy Contracted 5% in the First Quarter as Coronavirus Hit
The U.S. economy's first-quarter contraction was slightly steeper than initially estimated, and a key measure of corporate profits weakened as coronavirus-related shutdowns began to come into effect.

MarketWatchMay 28, 2020
Economic Report: Corporate profits drop in first quarter by most since 2008 Great Recession
U.S. corporate profits fell 13.9% in the first quarter, the biggest drop since the Great Recession, the Commerce Department said Thursday

Dismal.com: IndicatorsMay 28, 2020
United States: Kansas City Fed Manufacturing Survey


Reuters BusinessMay 28, 2020
Citigroup looks to return some staff to NY headquarters over the summer: Bloomberg News
Citigroup Inc looks to return a small number of staff to its New York headquarters in July or possibly August, with workers reentering its London offices possibly even earlier, Chief Executive Officer Michael Corbat told Bloomberg News in an interview.

RELATED ARTICLES
UPDATE 1-Citigroup looks to return some staff to NY headquarters over the summer - Bloomberg News (Reuters Company News)

Yahoo BusinessMay 28, 2020
FCC Commissioner on Trump social media crackdown: companies should leave 'speech police business'
President Trump will sign an executive order on Thursday, cracking down on social media platforms Facebook and Twitter. FCC Commissioner Brendan Carr joins Yahoo Finance's On The Move to discuss.


MarketWatch MarketPulseMay 28, 2020
J.C. Penney to reopen 150 more stores in 27 states on Thursday
J.C. Penney Co. Inc. will reopen an additional 150 stores across 27 states on Thursday, bringing the total number of stores back in operation after a temporary closure due to the coronavirus pandemic to 304. The bankrupt department store retailer plans to have 500 stores open by June 3. J.C. Penney is taking precautions to prevent the spread of COVID-19, including staggered work shifts for associates and enhanced cleaning procedures. There are special shopping hours, Wednesday and Friday from 11 a.m. to noon, for senior citizens and others who are at-risk or have underlying health concerns. J.C. Penney filed for bankruptcy protection on May 15. Shares have lost 80% of their value over the past year while the S&P 500 index has gained 8.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchMay 28, 2020
Economic Report: Durable-goods orders fall 17.2% in April vs. forecasts for 18.2% drop
Orders for durable goods drop sharply in April, the government says Thursday, offering a fresh sign of how the coronavirus crisis has hammered the U.S. economy.

Wall Street Journal US BusinessMay 28, 2020
As Lockdowns Are Lifted, Slow Return to Normality Begins
Economies are returning to life, but at different paces around the world and with varying degrees of damage to their economies and societies.

Reuters BusinessMay 28, 2020
U.S. states, cities may snub Fed lending program over high rates
High borrowing costs will limit participation in a $500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due to the economic fallout from the coronavirus outbreak, analysts said.

Washington Post BusinessMay 27, 2020
Dow closes above 25,000 for first time since early March
Stocks rolled higher for the second day in a row as the economy continued its slow return to life amid hopes for more federal stimulus and scientific advances against the coronavirus.

RELATED ARTICLES
Dow rallies more than 500 points for a second day, closes above 25,000 for first time since March (CNBC Finance)
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