Chinese Stocks Snap Winning Streak as Global Markets Slip

International stock markets fell, tracking declines in the U.S., with China's benchmark stock index ending a sharp rally. S&P 500 futures declined 0.3%. 


 
U.S. Coronavirus Cases Hit Another Daily Record

New coronavirus cases in the U.S. rose by more than 63,000, another single-day record, as hospitals in Texas, California and other states strain to accommodate a surge of new patients. 


 
Coronavirus's Worst Impact on Oil Demand Has Passed, IEA Says

The worst effects of the coronavirus on global oil demand have passed but will continue to echo as the market slowly recovers in the second half of 2020, the International Energy Agency said. 


 
China Auto Sales Bounce Back From Worst-Ever Quarter

China's auto market continued to rebound from damage from the new coronavirus, though dealerships haven't turned optimistic about consumer sentiment. 


 
French Industrial Output Rebounds Strongly

French industrial production rose 19.6% in May, as lockdowns eased and factories reopened, with the rebound outpacing economists' forecasts. 


 
U.K. Retail Starts to Recover

Footfall at U.K. retail shops started to improve in June as coronavirus restrictions continued to ease, but the recovery wasn't as strong as in other European countries. 


 
Indian Bank Hit by Third Huge Fraud

One of India's biggest state-run banks said it had fallen victim to its third multimillion-dollar fraud in as many years, a stark illustration of the bad debts and weak defenses against misconduct that plague the country's financial system. 


 
China's Markets Rally on Optimism Economy Shaking Off Covid-19

Authorities highlighted hundreds of operations making illegal loans against shares, showing that Beijing is eager to prevent stocks from overshooting. 


 
Biden Outlines $700 Billion Economic-Revival Plan

Former Vice President Joe Biden laid out a $700 billion plan to revive the U.S. economy with an America-centric approach to job creation and manufacturing, issuing a direct challenge to President Trump as they prepare to compete for working-class voters in the November election. 


 
Mnuchin Sees Stimulus Deal by End of July

Treasury Secretary Steven Mnuchin said the Trump administration is working with the Senate to pass a new bill for coronavirus-related economic aid by the end of July, as enhanced unemployment benefits near expiration.