Thursday 18 June 2020

U.S. grocery retailer Albertsons expects IPO to raise up to $1.51 billion

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U.S. grocery retailer Albertsons expects IPO to raise up to $1.51 billion

U.S. grocery retailer Albertsons Cos Inc said on Thursday it is targeting to raise up to $1.51 billion in an initial public offering.

Trump renews threat to cut ties with China

U.S. President Donald Trump on Thursday renewed his threat to cut ties with China.

S&P 500 closes nominally higher amid COVID-19 spikes, muted data

The S&P 500 closed nominally higher on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns as well as data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.

World stock markets slip on second wave virus fears, safe-havens rise

Global stock markets meandered on Thursday as a continued rise in coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand for safe-haven currencies such as the dollar and Japanese yen.

U.S. House Democrats unveil $1.5 trillion infrastructure plan

U.S. House of Representatives Democrats on Thursday unveiled a $1.5 trillion infrastructure bill that they will seek to pass in coming weeks, arguing it has been made more urgent by the coronavirus pandemic.

Dollar up on fears of new pandemic wave, unemployment claims

The U.S. dollar strengthened on Thursday as concerns about a rise in new coronavirus cases globally and higher-than-expected U.S. unemployment claims drove demand for the safe-haven currency.

Softbank set to invest in more than a dozen U.S. minority-led startups

SoftBank Group Corp will invest $2 million or more in 14 U.S. startups led by black founders and other underrepresented groups, the company said on Thursday, as part of its effort to fund more a more diverse array of entrepreneurs.

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.

Oil edges up on OPEC output cut compliance; pandemic still weighs

Oil prices rose slightly on 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.

U.S. insurers eye Legionnaires' disease safeguards as buildings re-open from pandemic shutdowns

Commercial insurers are scrutinizing building managers' efforts to avoid outbreaks of Legionnaires' disease as they re-open movie theaters, gyms, schools and offices that had been closed for months due to the coronavirus pandemic, industry sources told Reuters.

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 Capitol in Frankfort early Wednesday to seek in-person help.

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