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Google Business NewsMay 28, 2020
US coronavirus deaths hit 100,000; Lockdowns eased: Live updates - Al Jazeera English
US coronavirus deaths hit 100,000; Lockdowns eased: Live updates  Al Jazeera EnglishView Full Coverage on Google News

Google Business NewsMay 28, 2020
China approves controversial national security law for Hong Kong - CNN
China approves controversial national security law for Hong Kong  CNNHong Kong Reaching a Turning Point, Basic Law Committee Member Says  Bloomberg PoliticsHong Kong could see a 'gradual erosion' as a financial hub over the next five years: Analyst  CNBCWill President Trump Stand With Hong Kong?  The New York TimesIn the midst of a cri

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Hong Kong Security Plan Is Approved, Tightening China's Hold (NYTimes Business)

Yahoo BusinessMay 28, 2020
Hong Kong Stocks Swing Wildly as China Approves Security Law
(Bloomberg) -- It was anything but an ordinary afternoon for Hong Kong stocks as Chinese lawmakers approved a controversial plan to impose national security legislation for the city.The Hang Seng Index plunged as much as 2.2% before erasing all its losses. A rally for Chinese companies spurred speculation that mainland-based funds were behind the gains. The gauge closed 0.7% lower.There was also speculation of intervention in the currency market, with the offshore yuan strengthening just as traders said they saw some state-run banks selling dollars. Premier Li Keqiang opened a press conference at around 4 p.m. after The National People's Congress approved the draft decision by a vote of 2,878-1 at its annual session in Beijing."There are signs that mainland funds are buying into big-cap Chinese firms in Hong Kong, such as financial stocks and telecom, to support the index," said Steven Leung, executive director at Uob Kay Hian (Hong Kong) Ltd.The Trump administration on Wednesday took the significant step of saying it could no longer certify Hong Kong's autonomy from China, which was promised before the British handed the city back in 1997. The move could trigger a range of actions by the Trump administration, from sanctions on Chinese officials to revoking the city's special trading status with the U.S.The Hang Seng Index recouped almost all of its 2.2% loss in the first 90 minutes of the afternoon session, with Chinese firms including state-owned China Construction Bank Corp. and Industrial and Commercial B

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Asian stocks turn red as Hong Kong tensions sour mood (Reuters Business)
GLOBAL MARKETS-Asian stocks turn red as Hong Kong tensions sour mood (Reuters Company News)

Google Market NewsMay 28, 2020
CDC Undercuts Utility Of Antibody Tests As Key COVID-19 Tool | Rachel Maddow | MSNBC - MSNBC
CDC Undercuts Utility Of Antibody Tests As Key COVID-19 Tool | Rachel Maddow | MSNBC  MSNBCCDC advises on steps to take if you've tested positive for coronavirus or have COVID-19 symptoms  Yahoo LifestyleDon't waste coronavirus tests on those already showing symptoms. There's a smarter way.  USA TODAYInfectious disease doctor, state epidemiologist, CDC cast doubt on accuracy of COVID-19 antibody tests  fox13now.com

Yahoo BusinessMay 28, 2020
Nasdaq 100 Futures Drop on Report of Trump Executive Order
(Bloomberg) -- Nasdaq 100 Index futures fell on a report Donald Trump is preparing to sign an executive order that could threaten to penalize Facebook Inc., Google and Twitter Inc. for the way they moderate content on their sites.Contracts for June delivery on the Nasdaq 100 fell as much as 0.8%, before paring losses to 0.4% as of 9:32 a.m. in London. Trump's upcoming executive order aims for federal regulators to review a law that spares tech companies from liability for comments and content posted by users, the Washington Post reported. Investor sentiment was also damped by deteriorating U.S.-China ties."U.S. tech stocks are dropping on profit taking and risk aversion, as they are at the forefront of the U.S.-China cold war," said Nader Naeimi, the head of dynamic markets at AMP Capital Investors Ltd. in Sydney. In addition, there is news that "Trump is preparing to sign an executive order that could threaten to penalize Facebook, Google and Twitter."Trump is poised to take action Thursday that could bring a flurry of lawsuits down on Twitter, Facebook and other technology giants by having the government narrow liability protections that they enjoy for third parties' posts, according to a draft of an executive order obtained by Bloomberg.While Nasdaq 100 futures declined, contracts on other indexes were mixed. Futures on the S&P 500 were little changed and those on Dow Jones Industrial Average advanced 0.4%. The underlying S&P 500 climbed to the highest since early March on Wednesday, holding above 3,

RELATED ARTICLES
Trump's executive order targets political bias at Twitter and Facebook: draft (Reuters Business)

NYTimes BusinessMay 28, 2020
What to Expect from Today's Unemployment Numbers: Live Updates
The latest on stock market and business news during the coronavirus outbreak.

The Motley FoolMay 28, 2020
Arco Platform Limited (ARCE) Q1 2020 Earnings Call Transcript
ARCE earnings call for the period ending March 31, 2020.

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Workday Inc (WDAY) Q1 2021 Earnings Call Transcript (The Motley Fool)
Box Inc (BOX) Q1 2021 Earnings Call Transcript (The Motley Fool)

MarketWatchMay 28, 2020
Europe Markets: European stocks climb for fourth straight session on growing enthusiasm over economies reopening
European stocks advanced Thursday for a fourth straight session, on building enthusiasm over the reopenings of economies across the world.

Reuters Company NewsMay 28, 2020
UPDATE 2-S.Korea coronavirus spike stirs second wave concern, social distancing crackdown
* Rigorous testing helped country contain initial outbreak (Updates with new numbers, KCDC and Coupang comment, city announcement in paragraphs 2-4, 8 and 11)

CNBC BusinessMay 28, 2020
Beijing approves national security proposal for Hong Kong. Here's what we know so far
The law is aimed at prohibiting secession, subversion of state power, terrorism activities and foreign interference.

Yahoo BusinessMay 28, 2020
Jamie Dimon Captures the Stock Market Moment
(Bloomberg Opinion) -- Don't fight the U.S. Federal Reserve — repeat that mantra until it sticks.Jamie Dimon, the boss of JPMorgan Chase & Co., put it well this week. "This wasn't the bazooka," he said, referring to Jay Powell's response to the coronavirus crisis. "The Fed took out the whole military and applied it. Just announcing these programs reduced spreads (the difference between corporate bond yields and their benchmarks) in the market. It's going to save a lot of small businesses." In the past month, the equity market's glass has gone from pretty much empty to at least half full and that's down to the coordinated fiscal and monetary effort from authorities far and wide. You want some quantitative easing? Please, have some more and take some for the journey home. Even those foot draggers at the European Union are talking about radical fiscal action. We won't really see a V-shaped economic recovery, but it seems seem like we've stopped the L.Nonetheless, this is a recovery based so far on asset-price inflation rather than any economic data. Central bank and government action may have restored financial valuations but real incomes will still suffer dramatically for a long while to come. Unemployment and diminished consumption cannot be magicked away.The stock market is looking even further into the distance than usual to justify its valuations, which is sometimes hard to square away against a constant stream of dire economic statistics and evaporating company earnings. Since QE came to life during the global financial crisis,

Reuters BusinessMay 28, 2020
Nissan sets out survival plan after first loss in 11 years
Nissan Motor Co unveiled a plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits that culminated in its first annual loss in 11 years.

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UPDATE 1-Nissan sets out survival plan after first loss in 11 years (Reuters Company News)
Spain says Nissan has decided to close its Barcelona plant (Reuters Business)

Google Business NewsMay 28, 2020
Trump expected to sign executive order that could threaten punishment against Facebook, Google and Twitter over allegations of political bias - The Washington Post
Trump expected to sign executive order that could threaten punishment against Facebook, Google and Twitter over allegations of political bias  The Washington PostTrump to sign executive order on social media amid Twitter furor  POLITICOZuckerberg knocks Twitter for fact-checking Trump, says private companies shouldn't be 'the arbiter of truth'  Fox NewsShining sunlight on

The Motley FoolMay 28, 2020
HP Inc (HPQ) Q2 2020 Earnings Call Transcript
HPQ earnings call for the period ending April 30, 2020.

FT.com - Financial MarketsMay 28, 2020
European stocks march higher on hope of economic recovery
US-China tensions still threaten to derail the stock market rally

Reuters BusinessMay 28, 2020
Safran shares lifted by Boeing 737 MAX restart plan
Safran shares rose on Thursday after Boeing said it would restart production of its 737 MAX jet and announced further cost-cutting measures.

Reuters BusinessMay 28, 2020
Oil falls as surprise U.S. stock build douses demand recovery hopes
Oil prices plunged on Thursday after U.S. industry data showed a surprise steep build in crude oil inventories, dampening hopes of a smooth recovery in demand as some countries begin to ease their way out of coronavirus lockdowns.

FT.com - Financial MarketsMay 28, 2020
Clean power stocks outperform fossil fuel peers during pandemic
US renewable groups' shares rise amid coronavirus crisis as oil leads wider market lower

MarketWatchMay 28, 2020
Asia Markets: Hong Kong shares drop amid tensions with China
Shares rose in Tokyo and Sydney, but fell in China and Hong Kong, where tensions are flaring over Beijing's effort to exert more control over the former British colony.

Yahoo BusinessMay 28, 2020
U.S. stocks to end year around current levels as virus takes toll: Reuters poll
U.S. stocks will end this year around current levels as the coronavirus pandemic cripples the economy and eats into earnings, according to strategists polled by Reuters. The market has been on a tear in recent weeks, and stocks are up sharply from the March low of their coronavirus-fueled tumble, but the benchmark S&P 500 stock index is still down since the start of the year. The S&P 500 will end 2020 at 2,950, according to the median forecast of nearly 50 market strategists and fund managers polled by Reuters in the past two weeks.


FT.com - China, Economy & TradeMay 28, 2020
Businesses swallow ‘bitter medicine' of Hong Kong security law
Executives are willing to accept contentious legislation in exchange for halt to unrest

Reuters Company NewsMay 28, 2020
European shares extend gains on stimulus boost
European shares rose for the fourth straight session on Thursday, as optimism over businesses returning to work and a massive stimulus plan for the European Union outweighed concerns over rising U.S.-China tensions.

Yahoo BusinessMay 28, 2020
Boeing Cuts 6,770 Jobs In U.S.; CFRA Upgrades Stock To Buy
Boeing Co (BA) announced that it is laying off another 6,770 employees in the U.S. as the U.S. planemaker is cutting costs to cope with the impact that the coronavirus pandemic is having on the aviation industry.Boeing said it is taking these streamlining measures as travel restrictions tied to the coronavirus pandemic have resulted in a deep cut in the number of commercial jets and services its customers need over the next few years. Earlier this month, the planemaker reported that it did not receive a single order in April, while it was also grappling with 108 order cancelations for its grounded 737 MAX plane.In response to the aviation crisis, Boeing announced in April that it would slash 10% of its global workforce of 160,000 by the end of this year.In a separate statement, the ailing planemaker said it has restarted 737 MAX production at its factory in Renton, Washington, albeit at a low rate and is planning to gradually ramp up production this year. Temporary suspension of production had begun in January after the company grounded the 737 MAX jet last year following a second crash."We are seeing some green shoots. Some of our customers are reporting that reservations are outpacing cancellations on their flights for the first time since the pandemic started," Boeing President and CEO Dave Calhoun wrote in a letter to employees. "Some countries and U.S. states are starting cautiously to open their economies again. And some parts of our business, most notably on the defense side, will continue hiring to meet custome

Google Business NewsMay 28, 2020
American Airlines says to cut management and support staff by 30% - Fox Business
American Airlines says to cut management and support staff by 30%  Fox BusinessAmerican Airlines CEO quells U.S. bankruptcy talk, says demand improving  ReutersAmerican Airlines plans 30% reduction of management, administrative staff  CNBCAmerican Airlines reportedly plans 30% reduction of management, administrative staff  ForexLive

Yahoo BusinessMay 28, 2020
Oil drops as surprise U.S. stock build douses demand recovery hopes
Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns. The decline extended losses from Wednesday on uncertainty about Russia's commitment to deep oil production cuts in the lead-up to a June 9 meeting of the Organization of the Petroleum Exporting Countries and its allies, dubbed OPEC . U.S. West Texas Intermediate (WTI) crude futures were down 4.4%, or $1.44 at $31.37 a barrel at 0402 GMT after slipping as much as 5% to a low of $31.14 earlier in the session.


MarketWatch Breaking NewsMay 28, 2020
European stocks gain at the open, on track for fourth rise in a row
European stocks gain at the open, on track for fourth rise in a row

NYTimes BusinessMay 27, 2020
Coronavirus Live Updates: Four Months After First Case, U.S. Death Toll Passes 100,000
Scientists are revising the timeline of how the virus spread. Education Secretary Betsy DeVos said she would direct public school districts to share federal aid with private schools.

Google Business NewsMay 27, 2020
House GOP leaders vow to keep fighting remote voting during pandemic - CNN
House GOP leaders vow to keep fighting remote voting during pandemic  CNNHouse of Representatives conducts first proxy vote in its 231-year history  Fox NewsMore Than 500 Women Are Running for a House Seat in 2020, Eclipsing 2018's Historic Pink Wave  NewsweekThe House should be able to vote remotely — even after the pandemic ends  The Washington Post

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U.S. businesses hammered by pandemic but see some green shoots, Fed says (Reuters Business)

SEC.gov Updates: News DigestMay 27, 2020
4 - Hale Thomas E (0001288707) (Reporting)
2020-05-27 0001209191-20-032498 4 KB

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4 - Campbell Chad Thomas (0001706852) (Reporting) (SEC.gov Updates: News Digest)
4 - CASEY THOMAS W (0001207691) (Reporting) (SEC.gov Updates: News Digest)

MarketWatch MarketPulseMay 27, 2020
Dow futures shoot higher after Wall Street's latest rally
U.S. stock index futures gained late Wednesday, after benchmark indexes surged forward in regular trading. As of 9:30 p.m. Eastern, Dow Jones Industrial Average futures were up about 150 points, or 0.6%, while S&P 500 futures and Nasdaq-100 futures showed more modest gains. Stocks jumped Wednesday despite rising tensions between the U.S. and China, as the U.S. and European countries continued to gradually reopen from pandemic-related shutdowns. The Dow advanced 553.16 points, or 2.2%, to close at 25,548.27, while the S&P 500 rose 44.36 points, or 1.5%, ending at 3,036.13. The Nasdaq Composite gained 72.14 points, or 0.8%, to close at 9,412.36, staging its biggest intraday percentage comeback since Feb. 28, according to Dow Jones Market Data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Dow futures pop 150 points after blue-chip index rallies back above 25,000 - CNBC (Google Business News)

Google Business NewsMay 27, 2020
FCC commissioner bashes Twitter over fact-check of Trump: 'This is opinion journalism' - Fox News
FCC commissioner bashes Twitter over fact-check of Trump: 'This is opinion journalism'  Fox NewsTrump to sign executive order on social media amid Twitter furor  POLITICOTrump threatens to crack down on social media platforms after Twitter labels his tweets  CNNWhat Would Happen if Twitter Banned Trump?  The New York TimesDon't be mad at Twitter, President Trump  

Google Business NewsMay 27, 2020
SpaceX, NASA scrub historic Demo-2 launch due to weather - CNET
SpaceX, NASA scrub historic Demo-2 launch due to weather  CNETSpaceX and NASA aim for historic launch: Live updates  CNN InternationalOf course billionaires like Elon Musk love outer space. The Earth is too small for their egos  The GuardianPresident Trump looks to celebrate space launch victory amid national coronavirus struggle  ABC News

Google Business NewsMay 27, 2020
AT&T's WarnerMedia has HBO Max apps ready for Roku and Amazon Fire TV - CNET
AT&T's WarnerMedia has HBO Max apps ready for Roku and Amazon Fire TV  CNETHBO Max Launch Reveals Impressive Library, Potential Netflix Challenge (Analysis)  VarietyHBO Max is live: $15/mo for a massive library, significant headaches  Ars TechnicaThe 11 Best Shows Streaming on HBO Max that Aren't 'Friends'  DeciderHBO Max Just Dropped A Big Sur

Reuters Company NewsMay 27, 2020
UPDATE 8-Weather postpones SpaceX's first astronaut launch from Florida
Stormy weather thwarted a landmark moment for private rocket company SpaceX and NASA on Wednesday, forcing launch directors in Florida to postpone what would have been the first flight of U.S. astronauts into orbit from American soil in nine years.

Reuters Company NewsMay 27, 2020
CORRECTED-UPDATE 5-Disney theme park, Las Vegas casinos plan reopening; U.S. mourns 100,000 dead
Walt Disney World in Florida on Wednesday announced plans to reopen and MGM Resorts said guests could soon return to Las Vegas casino hotels, as more Americans emerging from the coronavirus lockdown marked a somber milestone of 100,000 dead.

RELATED ARTICLES
Disney World is Reopening, but You Won't Be Able to Hug Mickey - The New York Times (Google Business News)

Reuters BusinessMay 27, 2020
Asian stocks gain on economic hopes, but Hong Kong risk clouds outlook
Asian shares and U.S. stock futures rose on Thursday as growing optimism about a global economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.

RELATED ARTICLES
GLOBAL MARKETS-Stocks gain on economic hopes, but Hong Kong risk clouds outlook (Reuters Company News)

Wall Street Journal US BusinessMay 27, 2020
American Airlines to Cut 30% of Management and Administrative Staff
The carrier is among those seeing demand pick up after being decimated by the coronavirus pandemic, but the modest gains won't be enough to save thousands of industry jobs.

FT.com - USMay 27, 2020
Coronavirus latest: US death toll rises to above 100,000
Both nations are indispensable, so companies face a two-track world

Google Business NewsMay 27, 2020
Boeing is building the 737 Max again even though it is not yet approved to fly - CNN
Boeing is building the 737 Max again even though it is not yet approved to fly  CNNWhy Shares of Spirit AeroSystems Were Up Today  Motley FoolBoeing to resume 737 Max production  CNBC TelevisionBoeing cutting more than 12,000 U.S. jobs, thousands more planned  ReutersBoeing set to start voluntary layoffs: Report  Yahoo FinanceView Full Coverage on Google News

FT.com - USMay 27, 2020
Boeing to axe 12,000 US workers even as Max assembly resumes
Aircraft manufacturer says production of grounded jet will initially be at ‘low rate'

Google Business NewsMay 27, 2020
GE Makes The Switch Away From Lightbulbs, Sells Business To Savant Systems - NPR
GE Makes The Switch Away From Lightbulbs, Sells Business To Savant Systems  NPRGE is saying goodbye to its 129-year-old light bulb business  CNNGE's stock surges after deal to sell GE Lighting business to Savant Systems  MarketWatchGE is selling its nearly 130-year-old lighting business  MSN MoneyGE Selling Century-Old Lighting Unit to Savant Systems  The New York Times

MarketWatch MarketPulseMay 27, 2020
Boeing to lay off nearly 7,000 workers, resumes 737 Max production
Shares of Boeing Co. jumped more than 5% in the extended session Wednesday after the jet maker announced the layoffs of 6,770 U.S. workers, with the first employees affected being notified this week. International locations also are planning layoffs that will be announced on their own timelines, Boeing said. "The COVID-19 pandemic's devastating impact on the airline industry means a deep cut in the number of commercial jets and services our customers will need over the next few years, which in turn means fewer jobs on our lines and in our offices," Boeing said. Boeing said it is seeing "green shoots" after the devastation wrought by the virtual halt on air travel, but the industry will take "some years to return to what it was just two months ago." Some of its airline customers report that "reservations are outpacing cancellations on their flights for the first time since the pandemic started," Boeing said. Some of its businesses, such as defense, will continue hiring, the company said. In a separate press release, the company announced it was resuming production of its 737 Max aircraft in Renton, Wash. The program restarted at a low rate as the company implements safety and product quality checks, it said. Boeing halted the 737 Max production in January. Production "will gradually ramp up" this year, the company said. The 737 Max has been grounded worldwide following two deadly crashes less than five months apart that were linked to a faulty anti-stall system. Shares of Boeing ended the regular trading day up 3.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessMay 27, 2020
Stocks rally on EU stimulus plan, euro gains
Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union's plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing's proposed national security laws.

Reuters BusinessMay 27, 2020
S&P 500 rises on boost from bank shares
The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering U.S.-China tensions, although gains were capped by losses in technology stocks.

RELATED ARTICLES
Stock market news live updates: Stocks cut gains as tech shares decline, China tensions rise (Yahoo Business)

Washington Post BusinessMay 27, 2020
Pompeo says U.S. should end special treatment for Hong Kong, ramping up economic, diplomatic tensions with China
President Trump's next steps will be watched closely after the secretary of state accused Beijing of reneging on its 1997 pledge regarding the former British colony.

Reuters Company NewsMay 27, 2020
UPDATE 3-U.S. states sue Trump administration over fuel efficiency rollback
A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards.

RELATED ARTICLES
Coronavirus deaths top 100,000 in United States. ‘Too big for us to comprehend' - Miami Herald (Google Business News)

The Motley FoolMay 27, 2020
Dow Jones Jumps 250 Points as Disney Plans Reopening, Boeing Stock Rises on Layoffs
Disney hopes to start opening some parks in July, and Boeing continues cutting costs.

RELATED ARTICLES
Disney plans phased reopening of theme parks in July (MarketWatch Breaking News)
Walt Disney World plans for phased reopening of theme parks in July (MarketWatch MarketPulse)
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