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Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve
NEW YORK (Reuters) - Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their…
CMHC tightens mortgage insurance rules starting July 1
The government-backed Canada Mortgage and Housing Corp said on Thursday it would tighten rules for offering mortgage insurance from July 1, after forecasting declines of between 9 and 18…
BBC appoints insider as new boss to negotiate future finance model
LONDON (Reuters) - The BBC appointed an insider as its new director general on Friday, tasked with securing the future direction and financing of the publicly-funded British broadcaster…
Bombardier to lay off 2,500 aviation workers amid COVID-19 struggles
Bombardier will lay off 2,500 aviation workers throughout the year as the company struggles to keep its operations afloat during the COVID-19 pandemic. In a release Friday morning the …
S&P 500 closes down, snapping four-day rally
(Reuters) - The S&P 500 lost ground on Thursday as investors took profits in advance of Friday’s jobs report, ending a four-day rally driven by rising economic sentiment. The Nasdaq…
U.S. new weekly jobless claims seen falling below 2 million
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits likely dropped below 2 million last week for the first time since mid-March, but remains astonishingly high…
Trump to ban Chinese passenger planes from coming to U.S. as of June 16
President Donald Trump's administration said on Wednesday it will bar Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to allow U.S.…
Lufthansa expects significantly larger loss in second quarter
FRANKFURT (Reuters) - Lufthansa expects a significantly larger loss in the second quarter of this year, the airline group’s finance chief said on Wednesday. The German carrier posted a…
What U.S. shale’s woes mean for Canada’s oil and gas industry
The rise of the U.S. shale oil sector shook up energy markets worldwide, but the economic wallop of the pandemic is now rattling that same industry to the core. The situation has led to…
Center for Democracy and Technology files lawsuit against Trump’s executive order on …
FILE PHOTO: U.S. President Donald Trump delivers a statement on the ongoing protests over racial inequality in the wake of the death of George Floyd while in Minneapolis police custody,…