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 3, 2020).
Unemployment fell and the U.S. economy regained 4.8 million jobs
in June, but the recent surge in new coronavirus infections could
throw the recovery off course.
Joblessness is likely to remain in double-digits through
year-end and the economic downturn will be more severe than
previously forecast, the CBO said.
U.S. stocks rose on the jobs report, with the S&P 500 and
Nasdaq both gaining 0.5% and the Dow adding 0.4%. All three
finished the week up 3.2% or more.
Tesla's global deliveries fell 4.9% in the second quarter from a
year earlier, a much smaller decline than analysts had
Exxon warned of steep losses in its refining and oil-and-gas
businesses, foreshadowing a likely second straight quarterly
The Treasury Department has agreed to terms for loans to
American and four smaller airlines as part of a program to help the
industry weather the pandemic.
Groups that called for an advertising boycott against Facebook
will ask the company to hire an executive with civil rights
expertise for its C-suite.
Google's YouTube TV and FuboTV are raising prices on their
"skinny-bundle" services this summer.
(END) Dow Jones Newswires
July 03, 2020 02:47 ET (06:47 GMT)
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