JD.com Stock Closes 3.5% Higher in Hong Kong Trading Debut
Chinese e-commerce firm JD.
Chinese e-commerce firm JD.
The European Central Bank has handed out more than a trillion euros in cheap loans to banks as part of its effort to get the economy through the virus outbreak.
AT&T has told the Communications Workers of America union that it plans to cut more than 3,400 technician and clerical jobs across the country over the next few weeks.
Hertz says it has put its plan to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission.
Both Australia and New Zealand announced Wednesday they are starting formal talks for separate free-trade deals with the United Kingdom, as they each seek to rekindle a trading relationship that was severely tested nearly 50 years ago.
Inflation in the U.K. fell to its lowest level in four years in May following a big coronavirus-related drop in prices at the pump.
American shoppers ramped up their spending on store purchases by a record 17.7% from April to May, delivering a dose of energy for retailers that have been reeling since the coronavirus shut down businesses, flattened the economy and paralyzed consumers during the previous two months.
Stocks rose on Wall Street, notching their third gain in a row, after U.S. retail sales rebounded last month by much more than economists were expecting.
President Donald Trump is expected to announce new restrictions on work visas, and businesses and universities are pleading for restraint.
American industry rebounded last month as factories began to reopen after being shut down by the coronavirus lockdown in Aprll.