Day: June 18, 2020
Softbank set to invest in more than a dozen U.S. minority-led startups
NEW YORK (Reuters) – SoftBank Group Corp (9984.T) will invest $2 million or more in 14 U.S. startups led by black founders and other underrepresented groups, the company said on Thursday, as part of its effort to fund more a more diverse array of entrepreneurs. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference...
Read More
U.S. House Democrats unveil $1.5 trillion infrastructure plan
WASHINGTON (Reuters) – U.S. House of Representatives Democrats on Thursday unveiled a $1.5 trillion infrastructure bill that they will seek to pass in coming weeks, arguing it has been made more urgent by the coronavirus pandemic. U.S. House Speaker Nancy Pelosi (D-CA) addresses her weekly news conference with Capitol Hill reporters at the U.S. Capitol in Washington, U.S., June 18,...
Read More
Wall Street oscillates amid COVID-19 spikes, muted data
NEW YORK (Reuters) – Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery. Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York...
Read More
Lufthansa investor Thiele seeks talks with German government: Handelsblatt
FILE PHOTO: Lufthansa presents its new logo during a press event in a maintenance hangar of the airline at the airport in Frankfurt am Main, Germany February 7, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Lufthansa’s (LHAG.DE) biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over...
Read More
Tesla wants to start building a new U.S. vehicle plant this summer
FILE PHOTO: The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. REUTERS/Stephen Lam DETROIT (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) wants to start building a new and large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this...
Read More
S&P 500 muted as virus cases rise, jobless claims weigh
(Reuters) – The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims. Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City, New York, U.S.,...
Read More
Trump to nominate lawyer Crenshaw to fill SEC Democratic commissioner slot
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC). Crenshaw, a senior SEC...
Read More
Trump to nominate lawyer Crenshaw to serve as Democratic SEC commissioner
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The White House announced Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the Securities and Exchange Commission. Crenshaw, a senior SEC attorney, would fill...
Read More