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Holiday shopping in 2020: Consumers, longing for normalcy and eager for something to celebrate, plan to spend money during the holidays—but differently from the way they have in the past. Patricia
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How Every State in America Got Its Name
Native American words, honoring royals, or homesick settlers—check out the crazy origins of every American state's name.


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Reuters Business
Jun 18, 2020

Tesla wants to start building a new U.S. vehicle plant this summer
Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.

Reuters Business
Jun 18, 2020

Wall Street oscillates amid COVID-19 spikes, muted data
Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.

Reuters Business
Jun 18, 2020

Lufthansa investor Thiele seeks talks with German government: Handelsblatt
Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline's 9 billion euro ($10.1 billion) bailout.

Reuters Business
Jun 18, 2020

Trump to nominate lawyer Crenshaw to fill SEC Democratic commissioner slot
The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).

Reuters Business
Jun 18, 2020

U.S. labor market improvement stalling; second wave of layoffs seen
The number of Americans filing for unemployment benefits fell last week, but the pace of decline has stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

Reuters Business
Jun 18, 2020

LATAM Airlines says operations to plunge 50% by year's end
LATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years.

Reuters Business
Jun 18, 2020

Ford's redesigned F-150 pickup will offer greater connectivity, sleeper seat
Ford Motor Co next week will show the next generation of its brawny F-150 pickup truck that offers a new sleeper-seat feature and over-the-air software updates in a machine Ford is counting on to help pay off coronavirus-related debts.

Reuters Business
Jun 18, 2020

Trump to nominate lawyer Crenshaw to serve as Democratic SEC commissioner
The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).

Reuters Business
Jun 18, 2020

Kroger says demand easing after coronavirus stockpiling
U.S. supermarket chain Kroger Co stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves.

Reuters Business
Jun 18, 2020

Coronavirus raises stakes as auto unions ready for a fight
The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles.

Reuters Business
Jun 18, 2020

Wirecard investor DWS says has sold down position, considering legal action
Asset manager DWS, the fund management arm of Deutsche Bank, said it has further sold down its position in embattled German technology company Wirecard and was considering legal action.

Reuters Business
Jun 18, 2020

U.S. gasoline demand recovery falters as refiners ramp up output
A recovery in demand for gasoline in the United States, the world's largest market for the motor fuel, hit a plateau last week as coronavirus cases surged in some states, undercutting refiners' efforts to ramp up low fuel production.

Reuters Business
Jun 18, 2020

Oil edges up on OPEC output cut compliance; pandemic still weighs
Oil prices rose slightly Thursday as a panel of OPEC and its allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus cases reported in parts of the United States and China.

Reuters Business
Jun 18, 2020

S&P 500, Dow muted as virus cases rise, jobless claims weigh
The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims.

Reuters Business
Jun 18, 2020

World stock markets slip on second wave virus fears, safe-havens rise
Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.

Reuters Business
Jun 18, 2020

U.S. retail foot traffic rebounds, more staff at work, as lockdowns ease
Retail foot traffic recovered to approach pre-lockdown levels last week and businesses appeared to bring more employees back to the job, according to data from firms that collect cellphone location information and manage employee time for companies.

Reuters Business
Jun 18, 2020

Saudi Aramco cuts hundreds of jobs amid oil market downturn, sources say
State oil giant Saudi Aramco started laying off hundreds of employees this month, two sources familiar with the matter said, as global energy companies reduce their workforces in response to the coronavirus crisis.

Reuters Business
Jun 18, 2020

Audi boss to head carmaker's R D division: sources
Markus Duesmann, the head of Audi , will also head the research and development division at German carmaker Volkswagen's premium brand, two sources told Reuters on Thursday.

Reuters Business
Jun 18, 2020

IMF says deeper-than-expected contraction in U.S. economy likely in second quarter
A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday.

Reuters Business
Jun 18, 2020

Prudential sells Jackson equity stake to Apollo-backed Athene for $500 million
Prudential sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to create an independent U.S. business.

Reuters Business
Jun 18, 2020

S&P 500, Dow dip on rising virus cases, elevated jobless claims
The S&P 500 and Dow retreated on Thursday as an uptick in coronavirus infections in parts of the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated.

Reuters Business
Jun 18, 2020

Oil prices broadly stable after mixed U.S. data
Oil prices were broadly stable on Thursday after dipping in and out of positive territory as bulls took their cue from shrinking U.S. oil product stocks and bears looked at rising crude stocks and new coronavirus cases.

Reuters Business
Jun 18, 2020

U.S. labor market recovery stalling; second wave of layoffs underway
The number of Americans filing for unemployment benefits fell last week, but the pace of decline appears to have stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

Reuters Business
Jun 18, 2020

Vans, not glamorous, but key as EU weighs autos mega-merger
Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.

Reuters Business
Jun 18, 2020

Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.

Reuters Business
Jun 18, 2020

Wirecard scrambles to find missing $2.1 billion as loan crunch looms
Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in as early as Friday.

Reuters Business
Jun 18, 2020

Factbox: German payments firm Wirecard and its missing billions
Billions of euros of loans to Wirecard could be called in as early as Friday after the German payments company said its auditor had refused to sign off on its 2019 accounts, knocking more than half the value off its shares on Thursday.

Reuters Business
Jun 18, 2020

Cash flows into U.S. growth funds surge, value funds see outflows
U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped value funds despite cheaper prices after this year's pandemic-linked selloff.

Reuters Business
Jun 18, 2020

KKR buys vacation parks firm Roompot in $1.1 billion deal
U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity firm PAI Partners.

Reuters Business
Jun 18, 2020

Chanel warns virus impact will linger on luxury sector
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

Reuters Business
Jun 18, 2020

U.S. weekly jobless claims remain high as second wave of layoffs hits industries
A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

Reuters Business
Jun 18, 2020

Kroger expects to top 2020 outlook, beats estimates for profit, sales
Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on Thursday, as the U.S. supermarket chain benefited from consumers stocking up on essentials during the coronavirus lockdowns.

Reuters Business
Jun 18, 2020

World stocks drift lower as second wave virus fears mount
Global stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift world economic comeback from the pandemic.

Reuters Business
Jun 18, 2020

Wells Fargo investment adviser to sell feeder fund platform to iCapital
Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount.

Reuters Business
Jun 18, 2020

Dollar and yen supported by fears of new pandemic wave; Norway's crown shines
The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven currencies, while the Norwegian crown was a star performer.

Reuters Business
Jun 18, 2020

Mother's Day sales uptick doesn't cover coronavirus downturn, Washington D.C. florist says
Mother's Day during the coronavirus pandemic meant an uptick in sales for Lee's Flower and Card Shop in Washington, D.C.

Reuters Business
Jun 18, 2020

Futures drift lower ahead of jobless claims data
Futures tracking the S&P 500 and Dow indexes edged lower on Thursday as caution over an uptick in COVID-19 infections in parts of the United States and China weighed on the mood ahead of a weekly jobless claims report.

Reuters Business
Jun 18, 2020

Amazon to hire 3,000 people in South Africa for customer service roles
Amazon.com Inc is hiring 3,000 people in South Africa this year to provide support to customers in North America and Europe, it said on Thursday.

Reuters Business
Jun 18, 2020

Ford to offer hands-free driving in 2021 - six years after Tesla
Ford Motor Co said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc and four years after General Motors Co introduced similar systems.

Reuters Business
Jun 18, 2020

Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal - sources
The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters.

Reuters Business
Jun 18, 2020

KKR to buy Dutch vacation park operator Roompot
U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot for an undisclosed sum.

Reuters Business
Jun 18, 2020

U.S. Chamber urges China to accelerate purchases of U.S. goods
The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus.

Reuters Business
Jun 18, 2020

Automakers rev up U.S. assembly lines, wary of outside risks to workers
Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.

Reuters Business
Jun 18, 2020

JPMorgan gets China's nod for first fully foreign-owned futures business
China on Thursday approved JPMorgan's application to operate the first fully foreign-owned futures business, as the world's second-largest economy pushes ahead with opening its multi-trillion-dollar financial market.

Reuters Business
Jun 18, 2020

Sharp learning curve for bosses as WFH goes global
Two weeks into the coronavirus lockdown and Sergei Holmeckis, a boss at Deutsche Telekom's Czech operations in the city of Brno, was frustrated with staff video calls. His team didn't like turning on their cameras and the discussion was stilted.

Reuters Business
Jun 18, 2020

Oil prices tick up amid mixed signals from U.S. data
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy.

Reuters Business
Jun 18, 2020

Stocks drift as second wave virus fears mount
Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.

Reuters Business
Jun 18, 2020

PepsiCo drops Aunt Jemima branding; Uncle Ben's, others under review
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup which have been criticized as racist amid a national debate over racial inequality in the United States.

Reuters Business
Jun 18, 2020

Coronavirus second wave fears boost yen; Aussie dollar falls after data
The Japanese yen strengthened slightly on Thursday as growing concerns about a rise in new coronavirus cases underpinned safe-haven demand for the currency, while the U.S. dollar was little changed versus the euro.

Reuters Business
Jun 18, 2020

Oil prices fall as coronavirus case surge heightens demand fears
Oil prices slipped on Thursday on concerns that a spike in new coronavirus cases in China and the United States could dampen a recovery in fuel demand, even as lockdowns ease.

Reuters Business
Jun 18, 2020

Global stocks retreat as investors fret over coronavirus relapse
Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic.

Reuters Business
Jun 18, 2020

Dollar and yen hold advantage as risk aversion grows
The dollar and the yen edged higher on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for both currencies.

Reuters Business
Jun 18, 2020

Air maintenance firms, manufacturers plan for $60 billion in lost sales
Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year - and more pain to follow - as airlines park or retire thousands of aircraft due to the coronavirus pandemic.

Reuters Business
Jun 18, 2020

Exclusive: Massive spying on users of Google's Chrome shows new security weakness
A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google's market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry's failure to protect browsers as they are used more for email, payroll and other sensitive functions.

Reuters Business
Jun 18, 2020

Oil prices fall as surge in coronavirus cases raises demand concerns
Oil prices fell around 1% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that a recovery in fuel demand could stall, even as lockdowns ease.

Reuters Business
Jun 18, 2020

U.S. weekly jobless claims remain high, second wave of layoffs blamed
A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

Reuters Business
Jun 17, 2020

Australian regulator says Google's $2.1 billion Fitbit deal could harm competition
Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too much of people's data, potentially hurting competition in health and online advertising markets.

Reuters Business
Jun 17, 2020

Glass Lewis joins ISS in opposing Tesla chairwoman's re-election to board
Glass Lewis said on Thursday that it urged Tesla Inc investors to vote against re-electing Chairwoman Robyn Denholm to the company's board, making it the second proxy advisory firm to oppose her appointment.

Reuters Business
Jun 17, 2020

Global stocks retreat on rising second wave fears
Asian stocks and Wall Street futures fell on Wednesday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.

Reuters Business
Jun 17, 2020

Dollar and yen gain on worries about virus and economic outlook
The dollar and the yen edged higher on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for both currencies.

Reuters Business
Jun 17, 2020

Oil prices fall on demand concerns as coronavirus cases rise
Oil prices fell around 2% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay home, stalling a recovery in fuel demand even as lockdowns ease.

Reuters Business
Jun 17, 2020

Google, Fitbit deal may hamper competition: Australian regulator
Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned $2.1 billion acquisition of fitness tracker company Fitbit may hinder competition in digital advertising and health markets.

Reuters Business
Jun 17, 2020

Glass Lewis opposes Tesla chairwoman's re-election to Board: Bloomberg News
Proxy-adviser Glass Lewis has urged Tesla Inc investors to vote against re-electing chairwoman Robyn Denholm to the company's board due to an arrangement with Elon Musk that raises corporate governance concerns, Bloomberg reported on Wednesday.

Reuters Business
Jun 17, 2020

Asian stocks set to fall as Wall St snaps 3-day winning streak
Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.

Reuters Business
Jun 17, 2020

Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%
A lawyer representing a former Morgan Stanley diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client's budget for promoting diversity and financial education by 71% from the time she started in wealth management to 2019.

Reuters Business
Jun 17, 2020

Trump administration proposes rolling back protections for big tech
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on President Donald Trump's bid to crack down on tech giants.

Reuters Business
Jun 17, 2020

Unemployment payments backlog draws hundreds to Kentucky's capital
Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky's Capitol in Frankfort early Wednesday to seek in-person help.

Reuters Business
Jun 17, 2020

PepsiCo drops Aunt Jemima, criticized for racist history; Uncle Ben's, Mrs. Butterworth's under review
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup, dropping a mascot that has been criticized for a racist history, amid a national debate over racial inequality in the United States.

Reuters Business
Jun 17, 2020

Google sets 2025 leadership diversity goal, ends 'tailgater' ID checks
Alphabet Inc's Google on Wednesday announced a new hiring goal and security policy to address racial issues at its offices, as protests over police brutality against African Americans have carried into discussions about corporate culture.

Reuters Business
Jun 17, 2020

U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela
The U.S. Transportation Department said on Wednesday it had fined Panama's Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point and ordered the airline to avoid future similar violations.

Reuters Business
Jun 17, 2020

S&P closes lower as new COVID-19 cases surge
The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery.

Reuters Business
Jun 17, 2020

Stocks waver on rising COVID cases, dollar in safety bidding
Global equity markets closed little changed on Wednesday as a rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.

Reuters Business
Jun 17, 2020

Safe-haven dollar lifted by rise in coronavirus cases
The U.S. dollar was slightly higher on Wednesday afternoon as evidence of a surge in coronavirus cases in some U.S. states and in Beijing sent investors into safe-haven assets.

Reuters Business
Jun 17, 2020

Fed's Powell beats drum for more government aid to bolster economy
The U.S. economy is beginning to recover from the worst of the coronavirus crisis, but with some 25 million Americans displaced from work and the pandemic ongoing, it will need more help, Federal Reserve Chair Jerome Powell told lawmakers on Wednesday.

Reuters Business
Jun 17, 2020

Americans face new coronavirus challenge: a shortage of coins
Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with the U.S. Mint to boost supply.

Reuters Business
Jun 17, 2020

Google sets 2025 goal for leadership diversity, curbs on racial profiling
Alphabet Inc's Google on Wednesday announced new goals and policies to address racial issues at its offices, as protests over police brutality against African Americans have carried into discussions about corporate culture.

Reuters Business
Jun 17, 2020

U.S. trade chief vows to push for 'broad reset' at WTO
The Trump administration will push for a broad reset of "outdated tariff determinations" at the World Trade Organization to fix what it sees as years of unfair treatment of the United States, a top trade official told U.S. lawmakers on Wednesday.

Reuters Business
Jun 17, 2020

U.S. government proposes rolling back protections for big tech
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump's bid to crack down on tech giants.

Reuters Business
Jun 17, 2020

Hertz suspends share sale after U.S. SEC raises objections
Bankrupt Hertz Global Holdings Inc on Wednesday suspended its plan to sell up to $500 million in new shares after the U.S. Securities and Exchange Commission (SEC) raised objections to the sale, the car rental firm said on Wednesday.

Reuters Business
Jun 17, 2020

Citing racial stereotype, PepsiCo drops Aunt Jemima; Uncle Ben's, Mrs. Butterworth's under review
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup, dropping a mascot that has been criticized for a racist history, amid a national debate over racial inequality in the United States.

Reuters Business
Jun 17, 2020

Oil slides on fresh COVID-19 outbreaks, bump in crude stocks
Oil prices settled lower on Wednesday on fuel demand worries due to an uptick in coronavirus cases, with emerging hotspots in China and the United States, and as U.S. crude stocks grew again, taking commercial inventories to another all-time high.

Reuters Business
Jun 17, 2020

Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.

Reuters Business
Jun 17, 2020

House panel debating $494 billion infrastructure measure
A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution.

Reuters Business
Jun 17, 2020

U.S. House panel debating $494 billion infrastructure measure
A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution.

Reuters Business
Jun 17, 2020

Lyft promises switch to 100% electric vehicles by 2030
Ride-hailing company Lyft Inc on Wednesday said every vehicle on its ride-hailing and rental car platform will be electric by 2030, but it would not provide direct financial support to drivers for switching from gas-powered cars.

Reuters Business
Jun 17, 2020

U.S. Justice Department proposes rolling back protections for big tech
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections that big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump's bid to crack down on tech giants.

Reuters Business
Jun 17, 2020

PepsiCo to drop Aunt Jemima name, criticized for racist history; Uncle Ben's under review
PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that has been criticized for a racist history.

Reuters Business
Jun 17, 2020

Adidas rejects investigating HR chief in race row
Adidas rejected on Wednesday a call by employees to investigate the German sportswear brand's human resources chief over her handling of racism at the company after she described it last year as "noise" only discussed in America.

Reuters Business
Jun 17, 2020

Several U.S. banks to close branches, offices early for Juneteenth
Several U.S. banks are closing branches and offices early on Friday to observe the Juneteenth holiday, which commemorates the day in 1865 when the last group of enslaved African Americans learned slavery was abolished.

Reuters Business
Jun 17, 2020

Americans face new coranavirus challenge: a shortage of coins
Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with the U.S. Mint to boost supply.

Reuters Business
Jun 17, 2020

Wall Street advances on prospect of economic rebound
Wall Street gained ground on Wednesday as signs of economic recovery helped investors look past spiking pandemic data and the potential of a new round of economic lockdowns.

Reuters Business
Jun 17, 2020

LATAM Airlines suspends Argentina operations, blaming COVID-19 and government
LATAM Airlines Group said on Wednesday its Argentine subsidiary will cease operations indefinitely, canceling all domestic flights, its first major cutback since filing for bankruptcy protection.

Reuters Business
Jun 17, 2020

U.S. lawmaker says seeking bipartisan legislation on airline mask rules
A U.S. senator said on Wednesday he was hoping for bipartisan support in Congress for mandatory rules on masks for air travel after the head of the Federal Aviation Administration again resisted calls for a mandate.

Reuters Business
Jun 17, 2020

Oil slips as fresh COVID-19 outbreaks face draw in U.S. fuel stocks
Oil prices edged lower on Wednesday as a drawdown in U.S. distillate stockpiles for the first time since March and a sharp drop in U.S. crude production faced concerns over fuel demand due to fresh outbreaks of COVID-19.

Reuters Business
Jun 17, 2020

U.S. homebuilding rises moderately; jump in permits hints at green shoots
U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to emerge from the COVID-19 crisis along with the broader economy.

Reuters Business
Jun 17, 2020

Stocks seesaw as rising coronavirus cases offset recovery hopes
Equity markets around the world seesawed on Wednesday as the prior day's rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.

Reuters Business
Jun 17, 2020

FAA chief acknowledges agency, Boeing made mistakes on 737 MAX
Federal Aviation Administration chief Steve Dickson acknowledged on Wednesday that Boeing and the U.S. air safety agency both made mistakes in the development of the 737 MAX jetliner, grounded for more than a year following fatal crashes.

Reuters Business
Jun 17, 2020

Powell repeats Fed to use full range of tools to aid economy
With a full U.S. economic recovery out of reach until the coronavirus pandemic is brought to heel, the Federal Reserve will use its "full range of tools" to cushion households and businesses, Fed Chair Jerome Powell told lawmakers on Wednesday.

Reuters Business
Jun 17, 2020

Insider-trading investigation against U.S. senator dismissed
The U.S. Senate Ethics Committee has cleared Senator Kelly Loeffler of wrongdoing in connection with stock trades, her office said on Wednesday, after the wealthy Republican - who is in a tough election race - was criticized over share sales during the coronavirus outbreak.

Reuters Business
Jun 17, 2020

U.S. shale companies to boost oil output by 500,000 bpd by month-end
U.S. shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to crude buyers and analysts, amounting to a quarter of what they shut since the coronavirus pandemic cut fuel demand and hammered oil prices.

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