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CNBC BusinessJun 03, 2020
Coronavirus live updates: Spain aims to resume tourism; Swedish health official says 'could have done better'
The coronavirus has infected more than 6.4 million people around the world as of Wednesday, killing at least 380,764 people.

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AMC Entertainment warns of first-quarter loss as theaters remain closed during coronavirus pandemic (MarketWatch MarketPulse)

Forbes HeadlinesJun 03, 2020
Korea Stocks Rise To Three-Month High On Covid-19 Recovery Hopes
The Korean stock market is on a tear despite worries about fresh outbreaks of the coronavirus and sagging exports to foreign markets.

MarketWatch MarketPulseJun 03, 2020
Coronavirus update: Global cases of COVID-19 above 6.4 million, with 380,764 fatalities
The global case tally for the coronavirus that causes COVID-19 climbed to 6.4 million on Wednesday, according to data aggregated by Johns Hopkins University. The death toll rose to 3780,764. More than 2.7 million people have recovered. The U.S. has the highest case toll in the world at 1.83 million and the highest death toll at 106,181. Brazil has 555,383 cases and 31,199 fatalities, after another spike in infections overnight. Russia has 431,715 cases and 5,208 fatalities. The U.K. has 279,393 cases and 39,452 deaths, the highest death toll in Europe and second highest in the world after the U.S. Spain has 239,932 cases and 27,127 deaths, while Italy has 233,515 cases and 33,530 deaths. India, which passed France and Germany by cases earlier this week, has 208,479 and 5,834 deaths. France has 188,450 cases and 28,943 deaths, while Germany has 184,097 cases and 8,576 deaths. Peru, Turkey, Iran, Chile, Mexico, Canada and Saudi Arabia are next, all ahead of China, where the illness was first reported late last year. China has 84,159 cases and 4,638 deaths.

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.



Reuters Company NewsJun 03, 2020
CEE MARKETS-Stocks rise, currencies stable on economic hope
Central European stocks rose on Wednesday and currencies held on to their gains as the lifting of lockdown measures and hopes of more economic stimulus measures fueled global market optimism. The economic crisis caused by the coronavirus pandemic had hammered currencies in the region, but a new risk-on mood has helped them to recoup a significant part of their losses. Most CEE currencies were stable. The forint eased 0.14% on the

Reuters BusinessJun 03, 2020
TUI strikes compensation deal with Boeing, delays 737 MAX deliveries
Europe's biggest travel company, TUI Group , said it has struck a deal with Boeing for compensation and deferred deliveries of the grounded 737 MAX jet, boosting its finances as it seeks to survive the coronavirus pandemic.

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UPDATE 1-TUI strikes compensation deal with Boeing, delays 737 MAX deliveries (Reuters Company News)

CNBC FinanceJun 03, 2020
Stock market live updates: Dow futures up 200, Nasdaq-100 nears record, reopening trades up again
Investors clung to optimism for a smooth economic reopening as more coronavirus restrictions started to ease.

Yahoo BusinessJun 03, 2020
Zoom Lifts Full-Year Sales Guidance As Quarterly Revenue Balloons 169%
Popular video-conferencing company Zoom Video Communications (ZM) far outpaced sales expectations in the first quarter as millions of users flocked to use its technology to host business and social meetings during the coronavirus pandemic.First-quarter revenue surged 169% to $328.2 million year-on-year, beating analysts' estimates of $202.7 million. Zoom now has about 265,400 customers with more than 10 employees, up about 354% from the same quarter last fiscal year."The COVID-19 crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom," said Zoom founder and CEO Eric S. Yuan. "Use cases have grown rapidly as people integrated Zoom into their work, learning, and personal lives. We also supported an unprecedented number of free participants, including over 100,000 K-12 schools."Commenting on the earnings, five-star analyst Ittai Kidron at Oppenheimer, said that while Zoom reported "exceptional" results, "its gross margin significantly contracted (-1,480bps QoQ and -1,149bps YoY) due to high levels of free meeting minutes (K-12 schools) and increased public cloud hosting costs". Indeed, cost of revenue in the first quarter skyrocketed 330% to $103.7 million year-on-year.Shares rose 1.9% to close at $208.08 ahead of the earnings release on Tuesday and dropped 1.7% in after-market trading.Looking ahead, the company raised its full-year revenue forecast to a range of $1.78 billion to $1.80 billion from $905 million to $915 million. This compares w

MarketWatch MarketPulseJun 03, 2020
Canada Goose shares rise after earnings beat expectations
Shares of Canada Goose Holdings Inc. rose 3.8% in Wednesday premarket trading after the outerwear company reported fiscal fourth-quarter earnings that beat expectations. Net income for the period ending March 29 totaled C$7.9 million, or 2 cents per share, after C$6.0 million, or 8 cents per share, last year. Sales totaled C$140.9 million, down from C$156.2 million last year. The FactSet consensus was for a loss per share of 13 cents and sales of C$126.5 million. The first quarter is typically the smallest of the year, the company said. In response to the coronavirus, Canada Goose has reduced first-quarter cash expenses by C$90 million through a number of measures including executive salary reductions of 20%, with Chief Executive Dani Reiss foregoing his salary, and reduced investment in retail and manufacturing. As of June 1, Canada Goose had cash-on-hand of C$119.7 million and C$239.4 million remaining in its revolving credit facility. In the first seven weeks of the fiscal first quarter, 15 of the company's 20 stores were closed. Stores are open in Hong Kong, Montreal and Paris. Canada Goose is not providing guidance at this time due to the pandemic. The stock has slumped 40.4% for the year to date while the S&P 500 index is down 4.6% for the period.

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.



Forbes HeadlinesJun 03, 2020
What To Expect As Moderna's Covid-19 Vaccine Commences Phase 2 Trials
Moderna said that it commenced stage 2 trials for its new Coronavirus vaccine candidate mRNA-1273 last week. The company intends to enroll a total of 600 participants in the study, up from 45 participants in the phase 1 study. However, the trials should be quicker, as Moderna said it is looking...

Wall Street Journal US BusinessJun 03, 2020
How Many U.S. Workers Have Lost Jobs During Coronavirus Pandemic? There Are Several Ways to Count
Friday's U.S. jobs report from the Labor Department is expected to show U.S. employers shed nearly 30 million positions from payrolls this spring as a result of the coronavirus pandemic and related shutdowns—but that is just one of several varying estimates of job destruction.

MarketWatchJun 03, 2020
Outside the Box: State sales-tax receipts plunge as much as 41% in April amid coronavirus shutdowns — and May could be worse
Only 12 states are still collecting more revenue for the fiscal year than a year ago.

KiplingerJun 03, 2020
The Secret to Post-COVID Networking? Being There
The days of happy hours, conferences and corporate mixers seem long ago, thanks to coronavirus. But there is an effective, surprisingly low-tech way to make business connections and build relationships.

Google Business NewsJun 02, 2020
Dow Jones Futures Rise As Coronavirus Market Rally Continues Despite Unrest; Zoom Video Crushes Earnings Views; Tesla, RH Roaring Back - Investor's Business Daily
Dow Jones Futures Rise As Coronavirus Market Rally Continues Despite Unrest; Zoom Video Crushes Earnings Views; Tesla, RH Roaring Back  Investor's Business DailyView Full Coverage on Google News

Reuters Company NewsJun 02, 2020
UPDATE 1-Rental fleet collapse drags down U.S. vehicle sales
The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease.

SHRM HR NewsJun 02, 2020
Employers May Benefit from State-Run Work-Share Programs During Pandemic
Employers are making difficult choices during the coronavirus pandemic, and even as businesses reopen, many are doing so at reduced capacity. As an alternative to job cuts, employers should consider participating in work-share programs run by the state.

NYTimes BusinessJun 02, 2020
Government's Coronavirus Relief Plan Leaves Out Major Employers
Programs to help businesses weather the pandemic largely omit some indebted companies, Harvard economists found.
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