 | | | | The S&P 500 ended higher on Friday as investors weighed the prospect of more fiscal stimulus against fears of further business disruptions due to a record rise in COVID-19 cases. | | | | | | Global equity benchmarks treaded water on Friday and government bond yields edged lower as investors waited on the European Union to iron out details of an expected 750 billion-euro recovery fund that could provide another round of stimulus as the world economy reels from the coronavirus pandemic. | | | | | | BlackRock Inc's results topped Wall Street estimates on Friday, helped by investors flocking to the world's largest asset manager's bond funds in the second quarter as global financial markets rebounded strongly from a COVID-sparked brutal selloff in March. | | | | | | The dollar was broadly lower on Friday as the euro rose to just under a four-month high, with negotiations underway between European Union leaders on a recovery fund that could lift the bloc out of the current recession. | | | | | | Fashion retailer Boohoo Group Plc wrote a letter to UK Home Secretary Priti Patel, saying that the company is taking action to probe allegations of malpractice in its supply chain and that it asks for the government to take action as well. | | | | | | The European Union is negotiating advance purchase deals of potential COVID-19 vaccines with drugmakers Moderna , Sanofi and Johnson & Johnson as well as biotech firms BioNtech and CureVac, two EU sources told Reuters. | | | | | | A former boss of Mexico's state oil company Petroleos Mexicanos facing corruption charges that could envelop leaders of the last government was taken to a hospital early on Friday shortly after his overnight extradition to Mexico from Spain. | | | | | | U.S. homebuilding increased in June by the most in nearly four years amid reports of rising demand for housing in suburbs and rural areas as companies allow employees to work from home during the COVID-19 pandemic. | | | | | | Twitter Inc disclosed late on Thursday that hackers targeted about 130 accounts during the cyber attack this week, an incident in which profiles of many prominent personalities and organizations were compromised. | | | | | | Senator Josh Hawley, a Republican who closely follows tech issues, pressed Twitter Chief Executive Jack Dorsey on Friday on whether a company employee had been paid to assist with a hack of high-profile accounts this week aimed at scamming readers. | | | | | | U.S. Treasury Secretary Steven Mnuchin said Friday policymakers should consider blanket forgiveness for all smaller businesses that received "Paycheck Protection Program" loans. | | | | | |
