17 June

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Bank of America Says All Vaccinated Staff to Return to Office in September By Bloomberg

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(Bloomberg) -- Bank of America Corp (NYSE:BAC). expects all of its vaccinated employees to return to the office after Labor Day in early September, and will then focus on developing plans for returning unvaccinated workers to its sites. More than 70,000 of the firm’s employees have voluntarily disclosed their vaccine status to the bank, Chief Executive Officer Brian Moynihan said in a Bloomberg Television interview Thursday. The firm, which has more than 210,000 employees globally, has already invited those who have received their shots to begin returning. “Right now we’re moving people back who are...

17 June

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Lordstown Slumps After Revealing It Has No Binding Orders By Investing.com

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By Dhirendra Tripathi Investing.com -- Lordstown Motors (NASDAQ:RIDE) shares looked set for another rough day in the markets on Thursday after the company disclosed it has no binding purchase orders from customers. The shares plunged more than 7% amid an unending flow of negative news from the company. The company was forced to issue a clarification to the SEC after President Rich Schmidt told journalists Tuesday, “Currently, we have enough orders for production for '21 and '22". Schmidt was speaking at an Automotive Press Association online media event. "Those are firm orders we have for those...

17 June

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Disneyland Paris reopens, but Mickey Mouse won’t give hugs By Reuters

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(Corrects paragraph six to show that Disneyland is east of Paris, not west of Paris) By Noemie Olive and Lea Guedj CHESSY, France (Reuters) -The Disneyland Paris theme park opened to visitors on Thursday after being shuttered for nearly eight months during the pandemic, but safety measures were in force to stop the virus spreading. While cast members dressed as favourite Disney characters - among them Mickey Mouse, Minnie Mouse and Goofy - were on hand as usual for selfies with visitors, they were keeping their distance. According to the park's revised rules, "close interactions, including...

17 June

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The Fed is about to shift gears. This time it may be different By Reuters

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By Ann Saphir (Reuters) - Federal Reserve officials, increasingly confident the U.S. economy is fast recovering from the pandemic-induced recession, have begun telegraphing an exit from the central bank's extraordinarily easy monetary policy that so far is smoother and signaled to be speedier than when the reins were tightened after the last crisis. Though policymakers have yet to agree on a plan, most expect that by the end of 2023 they will have raised interest rates at least twice from the current near-zero level, forecasts published Wednesday show. Eight of the Fed's 18 policymakers see at...

17 June

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Analysis: Shaken but not stirred: bond markets may weather hawkish Fed for now By Reuters

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By Dhara Ranasinghe LONDON (Reuters) - A hawkish shift at the U.S. Federal Reserve has ended a weeks-long rally in bond markets, but don't bet on a repeat of the sharp selloff seen earlier this year just yet. U.S. 10-year bond yields are back above 1.5%, near two-week highs, while Germany's Bund yield hit a three-week peak at around -0.15% on Thursday. Investors scarred by a sharp bond selloff in February, which also hit stocks, have reason to be uneasy. Yet unusual short-term supply and demand dynamics and strong global demand for safe-haven bonds, squeezed...

17 June

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UK’s Cake Box says customers informed about 2020 data breach By Reuters

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(Corrects to Thursday from Wednesday in paragraph 1) (Reuters) - UK-based cake maker and retailer Cake Box Holdings Plc said on Thursday it had informed customers about a data breach in 2020 that might have compromised their personal information. Shares of the company fell more than 8%. Cake Box said it had taken "appropriate steps to investigate the incident". ...

17 June

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AstraZeneca Weaker After Australia Limits Covid Shot to People Over 60 By Investing.com

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By Dhirendra Tripathi Investing.com -- AstraZeneca (NASDAQ:AZN) shares were down by more than 1% in Thursday’s premarket trading following Australia’s decision to limit the company’s COVID-19 vaccine shots to those aged 60 and above. Australia has administered 3.3 million doses of the AstraZeneca vaccine, and it has been linked to 60 cases of blood clots, the government said. So far, two people have died, which the country's health minister Greg Hunt said has driven the policy shift, according to Reuters. Australia in April moved to limit the use of the AstraZeneca vaccine to people over 50...

17 June

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Britain says China is targeting dissent with Apple Daily raid By Reuters

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LONDON (Reuters) - Britain on Thursday said a police raid on Hong Kong's pro-democracy tabloid Apple (NASDAQ:AAPL) Daily showed that China was using a new national security law to target dissent rather than deal with public security. "Today’s raids and arrests at Apple Daily in Hong Kong demonstrate Beijing is using the National Security Law to target dissenting voices, not tackle public security," British Foreign Secretary Dominic Raab said. "Freedom of the press is one of the rights China promised to protect in the Joint Declaration and should be respected," he said. ...

17 June

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ECB’s Lane cools expectations for September policy meeting By Reuters

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FRANKFURT (Reuters) - The European Central Bank (ECB) may not have the data it needs by its Sept. 9 meeting to decide the future of its emergency bond-buying programme, ECB Chief Economist Philip Lane said on Thursday, cooling expectations for what is widely seen as a crucial meeting. The ECB last week decided to maintain an elevated level of bond buying, but as the economy rebounds and the pandemic retreats some policymakers are already making the case to start a discussion about rolling back emergency stimulus. "We're not necessarily going to have every piece of hard...

17 June

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UK card spending last week at 95% of pre-pandemic level: ONS By Reuters

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LONDON (Reuters) - Spending on credit and debit cards in Britain last week stood at only 95% of its pre-pandemic average in February of last year, in part reflecting the impact of a bank holiday, official data showed on Thursday. The Office for National Statistics also said restaurant bookings during the week to this Monday stood at 119% of the level seen two years ago - a 28 percentage point decrease from a week previously. ...

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News

Bank of America Says All Vaccinated Staff to Return to Office in September By Bloomberg

Lordstown Slumps After Revealing It Has No Binding Orders By Investing.com

Disneyland Paris reopens, but Mickey Mouse won’t give hugs By Reuters

The Fed is about to shift gears. This time it may be different By Reuters

Analysis: Shaken but not stirred: bond markets may weather hawkish Fed for now By Reuters

UK’s Cake Box says customers informed about 2020 data breach By Reuters

AstraZeneca Weaker After Australia Limits Covid Shot to People Over 60 By Investing.com

Britain says China is targeting dissent with Apple Daily raid By Reuters

ECB’s Lane cools expectations for September policy meeting By Reuters

UK card spending last week at 95% of pre-pandemic level: ONS By Reuters

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