Wall Street’s ‘fear gauge’ jumps on fears of coronavirus resurgence
The Cboe Volatility Index, known as Wall Street’s “fear gauge,” jumped to its highest level in more than a month on Thursday as concerns over a resurgence of the novel coronavirus pandemic felled U.S. stocks.
Global stocks tumble, safe-haven assets rally on downbeat Fed outlook
Global equity markets fell sharply on Thursday in their worst sell-off since markets crashed in mid-March, while safe-haven assets rose after the Federal Reserve’s sobering outlook cast doubt on hopes for a V-shaped recovery from the coronavirus pandem…
LATAM Airlines bondholders in talks to supply up to $1.5 billion loan, sources say
A group of bondholders of LATAM Airlines Group SA is in talks to supply up to $1.5 billion in a debtor-in-possession loan within the Chapter 11 proceeding in the United States, two people with knowledge of the matter said on Thursday.
Taco Bell parent Yum sues Grubhub for allegedly violating delivery deal
Taco Bell parent Yum Brands Inc sued Grubhub Inc on Thursday for allegedly violating a delivery contract, a day after Europe’s Just Eat Takeaway.com agreed to buy the U.S. food delivery company for $7.3 billion.
Wall Street plunges to close with biggest one-day loss since March 16
Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve.
Google’s new rules clamp down on discriminatory housing, job ads
Alphabet Inc’s Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to its users based on their postal code, gender, age, parental status or marital status.
Microsoft bans police face recognition sales as Big Tech reacts to protests
Microsoft Corp on Thursday said it would await federal regulation before selling facial recognition to police departments, making it the latest big firm to back away from the surveillance business following protests against police brutality.
Zuckerberg’s former aide Chris Cox returns to Facebook as product head
Facebook Inc’s former chief product officer, Chris Cox, is returning to his role, according to his post https://www.facebook.com/photo.php?fbid=10105509261342903&set=a.692319249513&type=3&theater on the social media platform.
Oil prices slump 8% as virus-related demand concerns resurface
Oil prices tumbled about 8% a barrel on Thursday, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States.
Yum sues Grubhub for allegedly violating delivery deal
Yum Brands Inc filed a lawsuit against Grubhub Inc on Thursday for allegedly violating terms of a food delivery deal, a day after Europe’s Just Eat Takeaway.com agreed to buy the U.S. food delivery platform for $7.3 billion.
