Escalating China tensions could become an obstacle for U.S. stock rally

U.S. President Donald Trump's directive on Friday to begin the process of eliminating special treatment for Hong Kong is likely to put China-U.S. tensions back in the headlines over the coming months, creating a new driver of volatility in global equity markets.

from Reuters: Business News https://ift.tt/36OlPdM

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Oil prices edge down as wary traders eye upcoming OPEC+ meeting

Oil prices edged down on Monday as traders took profits, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.

from Reuters: Business News https://ift.tt/2TU7ozB

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Stock futures sink after weekend riots grip America

Stock futures sink after weekend riots grip America



A weekend of rioting will be in focus when Wall Street begins the week.

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Who is Treasury Secretary Steven Mnuchin?

Who is Treasury Secretary Steven Mnuchin?



Treasury Secretary Steven Mnuchin spent 17 years at Goldman Sachs, where his father had also worked. He got a job there right after graduating from Yale University with a degree in economics. 

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Disney denounces 'devastating' killing of George Floyd

Disney denounces 'devastating' killing of George Floyd



Disney executives Bob Chapek, Bob Iger and Latondra Newton denounced the death of George Floyd in a message to employees this weekend.

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Target closes 175 stores nationwide after Minneapolis protests

Target closes 175 stores nationwide after Minneapolis protests



Target is closing 175 of its stores nationwide after Minneapolis protests rock the country.

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Why Twitter isn't fact-checking its CEO's tweet of incorrect info

Why Twitter isn't fact-checking its CEO's tweet of incorrect info



Twitter's new policy focuses on civic integrity, including the election and COVID-19

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Nordstrom, Nike decry George Floyd killing as rioters loot stores

Nordstrom, Nike decry George Floyd killing as rioters loot stores



"Nike supports free and peaceful protests and we do not condone violence," a company spokesperson told FOX Business.

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George Floyd killing has Starbucks, JPMorgan, AT&T addressing racial injustice

George Floyd killing has Starbucks, JPMorgan, AT&T addressing racial injustice



Starbucks CEO Kevin Johnson reached out to employee partners in a memo over the weekend as tensions escalated across the nation.

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Infected workers, parts shortages slow auto factory restarts

Infected workers, parts shortages slow auto factory restarts



The U.S. auto industry’s coronavirus comeback plan was pretty simple: restart factories gradually and push out trucks and other vehicles for waiting buyers in states left largely untouched by the virus outbreak.

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China wields currency as weapon with Trump tensions rising

China wields currency as weapon with Trump tensions rising



China's currency has dropped below levels that prompted the Trump administration to label Beijing a currency manipulator last year.

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SpaceX is an inspiration but US leadership in space is under threat

SpaceX is an inspiration but US leadership in space is under threat



When two brave American souls lift off from Apollo 11’s historic launch pad on Saturday the feat will mark the first time that the private sector blasts humans into orbit.

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Asia's factory pain worsens as China's recovery fails to lift demand

Asia's factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses Japan and South Korea suffering the sharpest declines in business activity in more than a decade.

from Reuters: Business News https://ift.tt/3gFnO8N

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Asia stocks reach 3-month peaks, resilient to U.S. riots

Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington's power struggle with Beijing.

from Reuters: Business News https://ift.tt/2Mu5jXn

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Asia stocks prove resilient to US riots as S&P futures bounce

Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington's power struggle with Beijing.

from Reuters: Business News https://ift.tt/3eGCZwD

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Oil prices slip as wary traders eye upcoming OPEC+ meeting

Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.

from Reuters: Business News https://ift.tt/3gFzbhc

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Delta, union working to avoid furloughs of 2,300 pilots

Delta Air Lines Inc and its pilots union said on Sunday they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process meant to match staffing to summer 2021 flying.

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Asia cautious as U.S. riots weigh on S&P futures

Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already tense over Washington's power struggle with Beijing.

from Reuters: Business News https://ift.tt/2TXDlal

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Crude prices fall on concerns of U.S. riots, even as OPEC meeting advanced

Oil prices fell due to concerns about riots in major U.S. cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June.

from Reuters: Business News https://ift.tt/3eGp75x

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Coty to appoint Chairman Peter Harf as its new CEO: WSJ

Coty Inc is set to announce that Peter Harf, its current chairman, will become the cosmetics company's new chief executive officer, replacing Pierre Laubies, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

from Reuters: Business News https://ift.tt/2XOg1gh

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