Several U.S. banks to close branches, offices early for Juneteenth
Several U.S. banks are closing branches and offices early on Friday to observe the Juneteenth holiday, which commemorates the day in 1865 when the last group of enslaved African Americans learned slavery was abolished.
Wall Street advances on prospect of economic rebound
Wall Street gained ground on Wednesday as signs of economic recovery helped investors look past spiking pandemic data and the potential of a new round of economic lockdowns.
LATAM Airlines suspends Argentina operations, blaming COVID-19 and government
LATAM Airlines Group said on Wednesday its Argentine subsidiary will cease operations indefinitely, canceling all domestic flights, its first major cutback since filing for bankruptcy protection.
U.S. lawmaker says seeking bipartisan legislation on airline mask rules
A U.S. senator said on Wednesday he was hoping for bipartisan support in Congress for mandatory rules on masks for air travel after the head of the Federal Aviation Administration again resisted calls for a mandate.
Oil slips as fresh COVID-19 outbreaks face draw in U.S. fuel stocks
Oil prices edged lower on Wednesday as a drawdown in U.S. distillate stockpiles for the first time since March and a sharp drop in U.S. crude production faced concerns over fuel demand due to fresh outbreaks of COVID-19.
S&P 500, Dow muted as rising COVID-19 cases dent recovery hopes
The S&P 500 and the Dow edged higher in choppy trading on Wednesday as hopes of a swift recovery from a coronavirus-driven downturn were dented by fears of a record rise in coronavirus cases in six U.S. states.
PepsiCo to drop Aunt Jemima name, criticized for racist history; Uncle Ben’s under review
PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that has been criticized for a racist history.
U.S. Justice Department proposes rolling back protections for big tech
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections that big tech platforms like Alphabet’s Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald…
LATAM Airlines to suspend operations in Argentina indefinitely
LATAM Airlines Group on Wednesday said it will cease operations at its Argentine subsidiary “indefinitely,” its first major cutback since Latin America’s largest airline filed for bankruptcy protection last month.
U.S. homebuilding rises moderately; jump in permits hints at green shoots
U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to emerge from the COVID-19 crisis along with the broader economy.
