Coronavirus Cases Soar as States Puzzle Over School Reopenings

Coronavirus-related hospitalizations and new cases climbed in a number of states as governors across the U.S. wrestled with the looming issue of how to safely reopen schools in the fall. 


 
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. 


 
U.S. Stocks Drop After Jobless Claims

U.S. stocks dropped as investors continued to back away from bets on a smooth reopening from the coronavirus shutdowns. 


 
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. 


 
'Stablecoins' Vulnerable to Criminal Abuse, Watchdog Says

A type of digital currency that aims to maintain a stable value relative to that of an underlying asset or benchmark has the potential for mass adoption, but that potential also makes it more vulnerable to criminal abuse, a global standard setter for anti-money-laundering laws said. 


 
America Is on a Lumber Binge

Prices for forest products like lumber and plywood have soared because of booming demand from home builders making up for lost time, a DIY explosion and a race among restaurants and bars to install outdoor seating.