American Airlines seeing slow but steady rise in domestic demand
American Airlines Group Inc said on Thursday it was seeing a slow but steady rise in domestic demand, as coronavirus-led lockdowns start to ease.
Wall Street opens lower as rally loses steam
U.S. stocks opened lower on Thursday as a rally fueled by hopes of an economic rebound from a coronavirus-led downturn ran out of steam even with weekly jobless claims dipping below 2 million for the first time since mid-March.
Bank of America to pay $7.23 million after overcharging mutual fund customers: FINRA
Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator’s accusations that it overcharged customers on mutual funds.
U.S. banks attract bargain hunters though hurdles to growth remain
Investors eyeing a turnaround in the U.S. economy are piling into U.S. bank stocks even as some caution that positive stress test results and an abatement of loan losses will be needed to sustain a rally in the battered sector.
German auto stimulus to boost VW’s electric push
Germany unveiled sweeping incentives for cheap electric cars, providing a boost to Volkswagen’s electric push while penalising heavy sports utility vehicles (SUVs) with new staggered taxes for polluting combustion-engined cars.
HKEX CEO says many U.S.-listed Chinese firms to list in Hong Kong
Hong Kong’s stock exchange expects many U.S.-listed Chinese firms to list on its bourse this year, in part because of U.S. political pressure following China’s new national security legislation on Hong Kong, the head of the exchange said on Thursday.
ECB’s super stimulus salvo sends stocks, euro higher
World markets got another shot of energy on Thursday as the European Central Bank (ECB) ramped up its Pandemic Emergency Purchase Programme (PEPP) to 1.35 trillion euros.
Citigroup forms new strategic advisory group to merge insights, data
Citigroup Inc said on Thursday it is forming a new strategic advisory group within its investment bank.
U.S. new weekly jobless claims drop below 2 million
The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
Factbox: German stimulus to drive forward green vehicles
Germany’s coronavirus recovery stimulus package contains measures to boost low emission cars and electric vehicle charging infrastructure.
