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 (August 8, 2020).
The U.S. added 1.8 million jobs in July as the unemployment rate
fell to 10.2%, but the country has yet to restore half of the jobs
lost because of the coronavirus pandemic.
UPS plans to impose hefty fees on large shippers during the
holiday season, anticipating a crush of online orders amid the
WarnerMedia's new boss ousted the leadership of HBO Max, the
streaming service that launched less than three months ago, as part
of a broader restructuring.
A boom in auto lending threatens to unravel as payment deferrals
end while unemployment remains high and stimulus measures fade.
Singapore police brought their first criminal charges against an
individual linked to the suspected fraud at former fintech star
China's exports gained momentum in July for the second straight
month as global demand recovered.
Goldman restated its second-quarter earnings lower in the wake
of the bank's $3.9 billion settlement with Malaysia over 1MDB.
The Dow and S&P 500 edged up 0.2% and 0.1%, respectively,
while the Nasdaq dropped 0.9%.
(END) Dow Jones Newswires
August 08, 2020 02:47 ET (06:47 GMT)
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