What's News: Business & Finance -- WSJ
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (July 2, 2020).
Safety fixes after the first Boeing 737 MAX crash became snarled
in FAA delays and repetitive analyses, wasting any chance U.S.
regulators had to prevent the second fatal accident, according to a
probe by the DOT's internal watchdog.
Major auto makers posted sharp drops in second-quarter U.S.
vehicle sales, as sweet discounts and financing deals weren't
enough to offset factory and dealership closures.
Macy's said nearly all its stores have reopened, though it
warned it could take other measures as states tally more
McDonald's is pausing the reopening of dine-in service in the
U.S. amid the rise in coronavirus cases.
Apple is temporarily closing dozens of U.S. stores as the
pandemic worsens in certain regions.
SoftBank is looking to distance itself from Wirecard after
helping to arrange a $1 billion investment months before the German
fintech company went bust.
John Paulson will convert his hedge-fund firm into a family
office, a move long telegraphed as assets at his firm fell and
The S&P 500 and Nasdaq rose 0.5% and 1%, respectively, in
the first session of the quarter, while the Dow industrials slipped
Saudi Arabia has threatened to ignite an oil-price war unless
fellow OPEC members make up for their failure to abide by the
cartel's recent output cuts, delegates said.
(END) Dow Jones Newswires
July 02, 2020 02:47 ET (06:47 GMT)
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