 | | | | The fried chicken chain KFC has closed dining rooms in corporate-owned stores in Florida because of the escalation in coronavirus cases in the state, according to a letter seen by Reuters. | | | | | | Oil prices slipped about 1% on Monday after global coronavirus cases rose by a record daily amount, fanning fears of renewed government lockdowns, and on growing U.S. and European tension with China. | | | | | | Wall Street climbed on Monday, with the Nasdaq hitting a fresh intraday record high as investors cheered signs of progress in COVID-19 vaccine development and an upbeat start to the second-quarter earnings season by PepsiCo. | | | | | | Tesla Inc cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. | | | | | | Shares of Tesla surged 7% on Monday to a record high, extending a two-week rally to more than 60% as investors bet the electric car maker could report a quarterly profit and potentially join the S&P 500 index. | | | | | | The U.S. federal budget deficit in June surged to $864 billion from single digits a year earlier amid continued strong spending on coronavirus relief programs and a drop in individual and corporate tax receipts, the Treasury Department said on Monday. | | | | | | Southwest Airlines Chief Executive Gary Kelly told employees on Monday it needs a dramatic jump in passenger demand or it will be forced to take new steps to reduce staffing. | | | | | | EasyJet's new chief operating officer, Peter Bellew, will face a vote of confidence from pilots this week, the British Airline Pilots Association (BALPA) said on Monday. | | | | | | Europe's top court will on Thursday rule on the legality of tools companies use to transfer Europeans' data around the world, in the latest clash between Facebook and Austrian privacy activist Max Schrems. | | | | | | U.S. consumers are more optimistic that the worst of the economic crisis sparked by the coronavirus pandemic is behind them, but are still concerned about their earnings and their ability to find new jobs if they become unemployed, according to a survey released on Monday by the New York Federal Reserve. | | | | | |
