Monday 29 June 2020

Daily Investor Update: New York Times ends partnership with Apple News

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New York Times ends partnership with Apple News

The New York Times Co said on Monday it will end its partnership with Apple News, effective June 29, at a time when the publisher is shifting focus to a digital subscription-based model.

Dollar edges higher before quarter-end

The greenback edged higher on Monday as investors positioned for quarter-end and weighed an increase in coronavirus cases in some U.S. states against improving economic data.

Boeing begins crucial certification test flights for grounded 737 MAX

A Boeing Co 737 MAX took off on Monday from a Seattle-area airport on the first day of certification flight testing with U.S. Federal Aviation Administration and company test pilots, a crucial moment in the planemaker's worst-ever crisis.

Reddit bans 'The_Donald' forum in crackdown, Twitch suspends Trump's channel

Social media site Reddit said on Monday it shut down r/The_Donald, a forum used by supporters of U.S. President Donald Trump, as it announced changes to its content policies.

Cirque du Soleil files for bankruptcy protection as COVID-19 cancels shows

Canada's Cirque du Soleil Entertainment Group filed for bankruptcy protection on Monday as the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off its artistes.

Pandemic leads to six months of global market mayhem

Probably the best thing to say about world financial markets so far this year is simply that it has been quite a ride.

Oil rises on improving economic data but new coronavirus cases loom

Oil prices rose about $1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the world.

Ford pauses U.S. social media advertising, calls for hate speech to be 'eradicated' from content

Ford Motor Co said on Monday it would pause advertising on all social media platforms in the United States for the next 30 days, joining a growing list of companies that have stopped spending on Facebook Inc in support of a campaign that called out the company for not doing enough to stop hate speech on its platform.

Geneva motor show postponed until 2022: organizers

The organizers of the Geneva International Motor Show said on Monday that they would not organize the event in 2021.

Gilead prices COVID-19 drug remdesivir at $2,340 per patient in developed nations

Gilead Sciences Inc on Monday priced its COVID-19 antiviral remdesivir at $2,340 per patient for wealthier nations and agreed to send nearly all of its supply of the drug to the United States over the next three months.

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