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S&P closes lower as new COVID-19 cases surge The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery.
S&P closes lower as new COVID-19 cases surgeS&P closes lower as new COVID-19 cases surgeS&P closes lower as new COVID-19 cases surge
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U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela The U.S. Transportation Department said on Wednesday it fined Panama's Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point, and ordered the airline to avoid future similar violations.
U.S. fines Copa Airlines $450K for transporting passengers between U.S., VenezuelaU.S. fines Copa Airlines $450K for transporting passengers between U.S., VenezuelaU.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela
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FAA chief acknowledges agency, Boeing made mistakes on 737 MAX The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co and the U.S. air safety agency both made mistakes on the 737 MAX jet, but rejected senators' accusations the FAA was "stonewalling" probes after two fatal crashes.
FAA chief acknowledges agency, Boeing made mistakes on 737 MAXFAA chief acknowledges agency, Boeing made mistakes on 737 MAXFAA chief acknowledges agency, Boeing made mistakes on 737 MAX
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Trump administration proposes rolling back protections for big tech The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on President Donald Trump's bid to crack down on tech giants.
Trump administration proposes rolling back protections for big techTrump administration proposes rolling back protections for big techTrump administration proposes rolling back protections for big tech
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Unemployment payments backlog draws hundreds to Kentucky's capital Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky's Capitol in Frankfort early Wednesday to seek in-person help.
Unemployment payments backlog draws hundreds to Kentucky's capitalUnemployment payments backlog draws hundreds to Kentucky's capitalUnemployment payments backlog draws hundreds to Kentucky's capital
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PepsiCo drops Aunt Jemima, criticized for racist history; Uncle Ben's, Mrs. Butterworth's under review PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup, dropping a mascot that has been criticized for a racist history, amid a national debate over racial inequality in the United States.
PepsiCo drops Aunt Jemima, criticized for racist history; Uncle Ben's, Mrs. Butterworth's under reviewPepsiCo drops Aunt Jemima, criticized for racist history; Uncle Ben's, Mrs. Butterworth's under reviewPepsiCo drops Aunt Jemima, criticized for racist history; Uncle Ben's, Mrs. Butterworth's under review
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Americans face new coronavirus challenge: a shortage of coins Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with the U.S. Mint to boost supply.
Americans face new coronavirus challenge: a shortage of coinsAmericans face new coronavirus challenge: a shortage of coinsAmericans face new coronavirus challenge: a shortage of coins
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Google sets 2025 leadership diversity goal, ends 'tailgater' ID checks Alphabet Inc's Google on Wednesday announced a new hiring goal and security policy to address racial issues at its offices, as protests over police brutality against African Americans have carried into discussions about corporate culture.
Google sets 2025 leadership diversity goal, ends 'tailgater' ID checksGoogle sets 2025 leadership diversity goal, ends 'tailgater' ID checksGoogle sets 2025 leadership diversity goal, ends 'tailgater' ID checks
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U.S. trade chief vows to push for 'broad reset' at WTO The Trump administration will push for a broad reset of "outdated tariff determinations" at the World Trade Organization to fix what it sees as years of unfair treatment of the United States, a top trade official told U.S. lawmakers on Wednesday.
U.S. trade chief vows to push for 'broad reset' at WTOU.S. trade chief vows to push for 'broad reset' at WTOU.S. trade chief vows to push for 'broad reset' at WTO
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Stocks waver on rising COVID cases, dollar in safety bidding Global equity markets closed little changed on Wednesday as a rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.
Stocks waver on rising COVID cases, dollar in safety biddingStocks waver on rising COVID cases, dollar in safety biddingStocks waver on rising COVID cases, dollar in safety bidding
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Safe-haven dollar lifted by rise in coronavirus cases The U.S. dollar was slightly higher on Wednesday afternoon as evidence of a surge in coronavirus cases in some U.S. states and in Beijing sent investors into safe-haven assets.
Safe-haven dollar lifted by rise in coronavirus casesSafe-haven dollar lifted by rise in coronavirus casesSafe-haven dollar lifted by rise in coronavirus cases
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Fed's Powell beats drum for more government aid to bolster economy The U.S. economy is beginning to recover from the worst of the coronavirus crisis, but with some 25 million Americans displaced from work and the pandemic ongoing, it will need more help, Federal Reserve Chair Jerome Powell told lawmakers on Wednesday.
Fed's Powell beats drum for more government aid to bolster economyFed's Powell beats drum for more government aid to bolster economyFed's Powell beats drum for more government aid to bolster economy
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Hertz suspends share sale after U.S. SEC raises objections Bankrupt Hertz Global Holdings Inc on Wednesday suspended its plan to sell up to $500 million in new shares after the U.S. Securities and Exchange Commission (SEC) raised objections to the sale, the car rental firm said on Wednesday.
Hertz suspends share sale after U.S. SEC raises objectionsHertz suspends share sale after U.S. SEC raises objectionsHertz suspends share sale after U.S. SEC raises objections
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Oil slides on fresh COVID-19 outbreaks, bump in crude stocks Oil prices settled lower on Wednesday on fuel demand worries due to an uptick in coronavirus cases, with emerging hotspots in China and the United States, and as U.S. crude stocks grew again, taking commercial inventories to another all-time high.
Oil slides on fresh COVID-19 outbreaks, bump in crude stocksOil slides on fresh COVID-19 outbreaks, bump in crude stocksOil slides on fresh COVID-19 outbreaks, bump in crude stocks
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Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.
Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdomAmazon launches Saudi Arabia shopping site despite CEO's dispute with kingdomAmazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom
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House panel debating $494 billion infrastructure measure A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution.
House panel debating $494 billion infrastructure measureHouse panel debating $494 billion infrastructure measureHouse panel debating $494 billion infrastructure measure
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Lyft promises switch to 100% electric vehicles by 2030 Ride-hailing company Lyft Inc on Wednesday said every vehicle on its ride-hailing and rental car platform will be electric by 2030, but it would not provide direct financial support to drivers for switching from gas-powered cars.
Lyft promises switch to 100% electric vehicles by 2030Lyft promises switch to 100% electric vehicles by 2030Lyft promises switch to 100% electric vehicles by 2030
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Main Street's boldest take on Wall Street in bankruptcy stock frenzy When Bryan Quevedo received his U.S. government stimulus check last month, he invested $1,000 in the stock of bankrupt car rental company Hertz Global Holdings Inc.
Main Street's boldest take on Wall Street in bankruptcy stock frenzyMain Street's boldest take on Wall Street in bankruptcy stock frenzyMain Street's boldest take on Wall Street in bankruptcy stock frenzy
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Lufthansa warns of threat to its $10 billion bailout deal German airline Lufthansa , responding to investor criticism of a state-backed rescue deal, warned it might need to apply for protection from creditors if the bailout plan failed to win shareholder approval.
Lufthansa warns of threat to its $10 billion bailout dealLufthansa warns of threat to its $10 billion bailout dealLufthansa warns of threat to its $10 billion bailout deal
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Adidas rejects investigating HR chief in race row Adidas rejected on Wednesday a call by employees to investigate the German sportswear brand's human resources chief over her handling of racism at the company after she described it last year as "noise" only discussed in America.
Adidas rejects investigating HR chief in race rowAdidas rejects investigating HR chief in race rowAdidas rejects investigating HR chief in race row
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