Tuesday 23 June 2020

Daily Investor Update: Microsoft adds to diversity investment, aims to increase number of Black employees

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Microsoft adds to diversity investment, aims to increase number of Black employees

Microsoft Corp on Tuesday set a five-year diversity goal to address racial inequality at its offices, following protests over police brutality against African Americans in the United States.

J&J loses bid to overturn baby powder verdict, but damages cut to $2.12 bln

A Missouri appeals court on Tuesday rejected Johnson & Johnson's bid to throw out a jury verdict in favor of women who blamed their ovarian cancer on its baby powder and other talc products, but reduced damages by more than half, to $2.12 billion.

U.S. judge orders heads of GM, FCA to try to resolve GM racketeering lawsuit

A federal judge in Detroit on Tuesday ordered the chief executives of automakers General Motors Co and Fiat Chrysler Automobiles NV (FCA) to meet by July 1 to try to resolve GM's racketeering lawsuit.

Explainer: Who is affected by Trump's suspension of foreign work visas?

President Donald Trump temporarily suspended the entry into the United States of certain foreign workers on Monday despite strong opposition from business groups, including major tech companies.

Euro rises on upbeat data, Trump says China trade deal still intact

The euro jumped to one-week highs following positive economic data on Tuesday, while the Australian dollar and other higher-risk currencies strengthened after U.S. officials confirmed that the U.S.-China trade deal remained intact.

Mnuchin says U.S.-China decoupling will occur if firms can't compete fairly

U.S. Treasury Secretary Steven Mnuchin said on Tuesday that a decoupling of the U.S. and Chinese economies will begin to occur if U.S. companies are not allowed to compete on a fair and level basis in China's economy.

Mercedes-Benz, Nvidia deepen autonomous driving alliance

Semiconductor maker Nvidia Corp has struck a deal with Germany's Daimler to develop and equip Mercedes-Benz cars with a next generation chip and software platform that could eventually be used for autonomous driving functions.

Stocks rally on upbeat data, trade reassurances; dollar weakens

The dollar eased and global equity markets surged on Tuesday after reassurances on the U.S.-Sino trade deal and upbeat economic data from the United States and Europe brightened the prospect of a swift economic recovery.

Wall Street climbs on recovery hopes, Nasdaq hits record high

Wall Street's three major indexes rose on Tuesday as improving economic data and the prospect of more stimulus bolstered hopes of a swift recovery, while a jump in technology shares powered the Nasdaq to another record high.

Top German court reimposes data curbs on Facebook

Facebook must comply with an order by Germany's antitrust watchdog to curb data collection from users, a top German court ruled on Tuesday, in a setback for the U.S. social network company that could set a wider precedent.

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