Thursday, 24 Sep 2020

Business

Wall Street near seven-week low on virus fears, stimulus fog

(Reuters) – Wall Street’s main indexes hit their lowest in nearly seven weeks on Monday as concerns about fresh coronavirus-driven lockdowns and a stalemate in Congress over more fiscal stimulus raised fears about another hit to the domestic economy.FILE PHOTO: Members of the media report outside of the New York Stock Exchange as the building […]

Wall Street hits near seven-week low on virus fears, stimulus fog

(Reuters) – Wall Street’s main indexes hit their lowest in nearly seven weeks on Monday as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears about another hit to the domestic economy.FILE PHOTO: Members of the media report outside of the New York Stock Exchange as […]

Exclusive: Saks Hires First Diversity and Inclusion Executive

Saks Fifth Avenue has named Lori Spicer Robertson vice president of diversity and inclusion, a new role at the luxury retailer, WWD has learned. Robertson is responsible for creating and leading strategic initiatives that foster a culture of equity, diversity and inclusion, the company said. She reports to Sarah Garber, Saks’ chief people officer. “We […]

Norway wealth fund may move $50 billion into U.S. stocks from Europe

OSLO (Reuters) – Norway’s $1.15 trillion sovereign wealth fund should shift more assets into the United States and Canada, while cutting its holdings in Europe, the country’s minority government said on Monday.FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. […]

DealBook: How Ginsburg’s Successor Could Remake Business

Good morning. (Was this email forwarded to you? Sign up here.) A new Supreme Court conservative could change corporate law As the nation mourned Justice Ruth Bader Ginsburg, who died on Friday at 87, the politics of replacing her have surged to the fore — and a lot is at stake, including for the business […]

Coronavirus: Second wave jitters fuel sell-off for FTSE 100 and hit pound

The FTSE 100 and the pound have come under renewed pressure as investors eye the prospect of tougher coronavirus restrictions returning across the UK and much of Europe. Market analysts pointed to a string of value negative developments driving the FTSE lower as it plunged by 3% within the first couple of hours of trading […]

London Blinks Back to Life, Although Recovery Will Take Time

LONDON — The British capital is flickering back to life — but only just. With no international tourists, and local office workers reluctant to return to their desks, the heart of town — including Mayfair, Soho, Oxford Street, and Covent Garden — is quiet, with small groups of diehard diners eating at restaurants outside, and […]

Dow futures shed 600 points on lockdown fears, stimulus uncertainty

(Reuters) – Dow futures fell more than 600 points on Monday as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears about another hit to the domestic economy.FILE PHOTO: Members of the media report outside of the New York Stock Exchange as the building opens for […]

Coronavirus: Franchising ‘ended’ as government seeks new rail future

The Department for Transport (DfT) says rail franchising has been “ended” as it seeks a new model for the rail network in the wake of the coronavirus crisis. It was confirmed on Monday morning that emergency measures, introduced to keep trains running after the outbreak of COVID-19, had been partially extended for up to 18 […]