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Google Business NewsJul 10, 2020
WHO sends team to China to set up investigation into COVID-19 origins: report - Fox News
WHO sends team to China to set up investigation into COVID-19 origins: report  Fox NewsWHO chief blasts 'lack of leadership' and calls for global unity as coronavirus cases mount worldwide  CNNWHO warns COVID-19 pandemic is 'accelerating' and 'getting worse'  New York Post Tedros says COVID-19 review will not impede WHO work  Reuters

CNBC BusinessJul 10, 2020
Watch live: World Health Organization holds press conference as coronavirus pandemic accelerates


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MarketWatch MarketPulseJul 10, 2020
Wingstop downgraded as capital for expansion becomes scarce
Wingstop Inc. was downgraded to neutral from buy at BTIG where analysts are concerned that the chicken chain's ability to expand will be constrained by a lack of funds. Wingstop has benefited from investments in digital and delivery during the coronavirus pandemic, and the company says 80% of its domestic business before the pandemic were off-premise. "We believe investors will now shift their focus to unit development, which could be stifled by access to capital," BTIG analysts led by Peter Saleh said. "We continue to hear that franchisees across quick service are eager to restart development and reimaging projects, but that access to capital is limiting the pace of these investments as bank lending has been diverted to supporting restaurants and small business owners." Analysts also think Wingstop's core customer will be hurt by the end of enhanced unemployment benefits later this month. Wingstop stock has rallied 58.6% for the year to date, compared with a 2.6% decline for the S&P 500 index [s:spx]. The steep increase makes this the right time to "move to the sidelines," BTIG said, though analysts are still confident about the company's long-term potential. Wingstop shares are down 1% in Friday trading.

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.



MarketWatchJul 10, 2020
Futures Movers: Oil prices edge up, but trade lower for the week as IEA warns of coronavirus risk
Oil futures inch higher on Friday, but trade lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided.

Google Business NewsJul 10, 2020
U.S. producer prices unexpectedly fall; underlying inflation stabilizing - Reuters
U.S. producer prices unexpectedly fall; underlying inflation stabilizing  ReutersU.S. producer prices unexpectedly fall in June  CNBCUS wholesale prices fell 0.2% in June as food costs plunged  SF GateWholesale prices drop in June, U.S. inflation very low due to the coronavirus pandemic  MarketWatchUS produce

Yahoo BusinessJul 09, 2020
Boeing 777X Set to Miss 2021 Debut, Top Buyer Emirates Says
(Bloomberg) -- Boeing Co.'s new 777X jet is likely to miss its planned debut next year, according to the aircraft's top customer Emirates, which doesn't expect to receive any planes before 2022.Deliveries of the wide-body jet, which first flew in January, will probably be held up by Boeing's shutdown at the height of the coronavirus pandemic, together with a lengthy certification process, Adel Al Redha, the Gulf carrier's chief operating officer, said Thursday in an interview.Emirates is also considering whether to seek a swap of some of the 115 777Xs it has on order -- representing more than a third of the total backlog -- for the smaller 787 Dreamliner, which might be better matched to demand, he said. Accelerating deliveries from an earlier Dreamliner order is a "possibility," he said."We will be discussing with Boeing in that regard, if we look what we can do with the 787," Al Redha said. "We are in a fluid discussion and in the peak of re-examining all these kind of things. It does require re-examination, it does require re-thinking, it does require renegotiation."Boeing is looking at delaying the upgraded 777's introduction as other buyers also resist taking delivery of such a large plane when they're being compelled to shrink operations, according to people familiar with the matter who asked not to be named discussing confidential matters. The company's first new-jet introduction since the grounding of its 737 Max after two fatal crashes also faces increased scrutiny from the U.S. Federal Aviation Adminis
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