S&P 500, Dow muted as rising COVID-19 cases dent recovery hopes

S&P 500, Dow muted as rising COVID-19 cases dent recovery hopes
(Reuters) – 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. FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City,... Read More

U.S. homebuilding rises moderately; jump in permits hints at green shoots

U.S. homebuilding rises moderately; jump in permits hints at green shoots
WASHINGTON (Reuters) – 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. FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson Other... Read More

S&P 500, Dow flat after three-day rally

S&P 500, Dow flat after three-day rally
(Reuters) – The S&P 500 and the Dow were largely flat on Wednesday as a record rise in coronavirus cases in six U.S. states dented sentiment following a three-day rally on hopes of a swift recovery from a coronavirus-driven downturn. FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City,... Read More

S&P 500, Dow struggle for direction after three-day rally

S&P 500, Dow struggle for direction after three-day rally
(Reuters) – The S&P 500 and the Dow edged lower in choppy trading on Wednesday as a record rise in coronavirus cases in six U.S. states dented sentiment following a three-day rally on hopes of a swift recovery from a coronavirus-driven downturn. FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New... Read More

U.S. housing starts miss expectations; permits rebound strongly

U.S. housing starts miss expectations; permits rebound strongly
WASHINGTON (Reuters) – 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. FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson Other... Read More

Google releases new ad features to help small businesses

Google releases new ad features to help small businesses
FILE PHOTO: People walk past the logo of Google in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann (Reuters) – Alphabet Inc’s (GOOGL.O) Google on Wednesday introduced new advertising features intended to help local businesses get more customers and recover from the coronavirus pandemic. The features come as retailers across the United States were battered after being forced to shut their... Read More

UK’s Supreme Court rules against Mastercard, Visa in retailers’ fees battle

UK’s Supreme Court rules against Mastercard, Visa in retailers’ fees battle
LONDON (Reuters) – Britain’s highest court on Wednesday upheld an earlier Court of Appeal ruling that credit card companies Visa (V.N) and Mastercard (MA.N) restricted competition in the way they set fees for retailers, opening the way for them to seek compensation. FILE PHOTO: A Visa credit card is seen on a computer keyboard in this picture illustration taken September... Read More

Stocks grind higher as recovery hopes stand firm

Stocks grind higher as recovery hopes stand firm
LONDON (Reuters) – Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery holding firm against a resurgence of global coronavirus cases. Data showed U.S. retail sales bounced back sharply in May, but new infections have hit record highs in six U.S. states, and... Read More

Wall Street set to extend three-day rally on recovery hopes

Wall Street set to extend three-day rally on recovery hopes
(Reuters) – Wall Street’s main indexes were set to open higher on Wednesday, building on their three-day rally as signs of more official stimulus supported hopes of an economic recovery, even as six U.S. states saw a record rise in new coronavirus cases. FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in... Read More

Special delivery: activists urge France to rein in Amazon

Special delivery: activists urge France to rein in Amazon
FILE PHOTO: People walk past a protest sign “Stop Amazon” during a demonstration by climate activists near the Bercy Finance Ministry in Paris, France, June 17, 2020. REUTERS/Gonzalo Fuentes PARIS (Reuters) – Environmental campaigners delivered a 12-foot (3.6-metre) tall mock-up of an Amazon parcel to the French finance ministry on Wednesday to demand that the government rein in the e-commerce... Read More