S&P 500, Dow retreat after rally; Nasdaq gains further
Wall Street’s S&P 500 and Dow Jones indexes fell on Tuesday, while the tech-heavy Nasdaq hit a record high for the third straight session, as investors eyed this week’s Federal Reserve meeting for signs on how it views a restarting economy.
EU weighs single bid for WTO job; trade chief Hogan confirms interest
European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of the World Trade Organization, as EU governments debated whether to unify around a single European candidate.
FCC awarding up to $16 billion to address U.S. areas lacking broadband service
The U.S. Federal Communications Commission voted on Tuesday to adopt auction procedures to provide up to $16 billion to areas that lack broadband service, including nearly 6 million
Corning wins U.S. funding to boost vial output for COVID-19 vaccines
Glass maker Corning Inc said on Tuesday it would receive $204 million from the U.S. government to boost the manufacturing capacity of its vials that will be used to store coronavirus vaccines and treatments.
U.S. layoffs abate; job openings plunge
Layoffs in the United States fell in April, but remained the second highest on record, while job openings dropped, suggesting the labor market could take years to recover from the COVID-19 crisis despite a surprise rebound in employment in May.
Boeing jet deliveries sink to just four in May
Boeing Co deliveries slowed even further in May from April as the coronavirus pandemic’s crushing impact on airlines added to a year of crisis following the grounding of its 737 MAX planes, company data showed on Tuesday.
Exclusive: Savings surge forces Goldman to shut Marcus to new UK clients
Goldman Sachs is closing its easy access savings business to new customers in Britain from Wednesday after deposits surged near to regulatory limits during the coronavirus lockdown.
Volkswagen CEO apologised after row with supervisory board
Volkswagen Chief Executive Herbert Diess apologised to the company’s supervisory board for having made “inappropriate and wrong” statements at an internal event, the carmaker said on Tuesday.
Airlines heading for $84 billion loss this year: IATA
(This June 9 story corrects to show combined 2020-2021 loss forecast about $100 billion, paragraph 5)
Wall Street retreats after rally; Fed meeting in focus
U.S. stocks fell on Tuesday as investors paused ahead of a Federal Reserve meeting that could offer views on the recent signs of economic recovery that drove the tech-heavy Nasdaq to an all-time high in the previous session.
