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CNBC Business

Moderna stock falls by as much as 9.4% after report says late-stage coronavirus vaccine trial delayed

CNBC
CNBC – For more and to sign up click here Moderna‘s stock fell by as much as 9.4% in midday trading Thursday after a report said the biotech company’s late-stage trial for a potential coronavirus vaccine will be delayed, possibly by a few weeks. The company, which is working with the National......
BBC - Business

Café Rouge owner falls into administration

BBC
https://www.bbc.co.uk/news/business-53270679 Image copyright Hannah Mckay The owner of High Street restaurant chains Café Rouge and Bella Italia has gone into administration. Ninety one Casual Dining Group outlets will close immediately, and 1,900 of the firm’s 6,000 staff will lose their jobs. Administrators Alix Partners are seeking offers for all or......
CNBC Business

Job gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%

CNBC
CNBC – For more and to sign up click here Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9......
CNBC - Real Estate

Mortgage demand falls for the second straight week, signaling a potential slowdown in the housing recovery

CNBC Real Estate
A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates continue to drop. Mortgage applications to purchase a home......
Cleveland Scene

‘The Park’ — A Short Film About the History of Chagrin Falls Park Community Center

ClevelandScene
Friday, June 26, 2020 ‘The Park’ — A Short Film About the History of Chagrin Falls Park Community Center Posted By Vince Grzegorek vgrzegorek@clevescene.com> on Fri, Jun 26, 2020 at 8:01 AM click to enlarge If like most of Northeast Ohio you only recently learned about the history of Chagrin......
CNBC Business

Total of those receiving unemployment benefits falls below 20 million

CNBC
CNBC – For more and to sign up click here Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high, though those receiving benefits fell below 20 million for the first time in two months. Economists surveyed by Dow Jones had been expecting......
Reuters - Business

Coronavirus second wave fears boost yen; Aussie dollar falls after data

Reuters
LONDON (Reuters) – The Japanese yen strengthened slightly on Thursday as growing concerns about a rise in new coronavirus cases underpinned safe-haven demand for the currency, while the U.S. dollar was little changed versus the euro. FILE PHOTO: Japan Yen and U.S. Dollar notes are seen in this June 22,......
BBC - Business

UK inflation rate falls to fresh four-year low

BBC
https://www.bbc.co.uk/news/business-53075437 Image copyright Dan Mullan The UK’s inflation rate fell to 0.5% in May, the second full month of the coronavirus lockdown, as most shops were shut by the pandemic. The Consumer Prices Index (CPI) fell from 0.8% in April to the lowest level since June 2016, the Office for......
CNBC Business

S&P 500 falls on signs of a spike in coronavirus cases — here’s what to watch

CNBC
CNBC – For more and to sign up click here The S&P 500 dropped Monday as investors grappled with signs of a spike in coronavirus cases during the reopening of the U.S. economy. Here’s what five experts say investors should watch. Darrell Cronk, CIO for wealth and investment management at Wells......
CNBC Business

As Tesla falls on downgrades, investors should consider buying the dip: Traders

CNBC
CNBC – For more and to sign up click here Don’t discount Tesla. That was the message Friday from two traders as shares of the electric auto maker fell following analyst downgrades from Morgan Stanley and Goldman Sachs. Morgan Stanley, the more bearish of the two, downgraded Tesla to underweight......
Reuters - Business

Oil falls on growing fears of coronavirus second wave

Reuters
LONDON (Reuters) – Oil prices fell on Monday as new coronavirus infections hit China, Japan and the United States, adding to concerns that a resurgence of the virus could hamper a recovery in fuel demand. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian......
Cleveland Scene

Umami in Chagrin Falls to Close After 12 Years Because of Covid

ClevelandScene
click to enlarge In an emotional message to its devoted guests, the staff behind Umami announced that it would be closing its doors for the foreseeable future because of Covid. The beloved Chagrin Falls eatery that specialized in Asian-influenced seafood opened its doors 12 years ago. The restaurant’s small footprint,......
Reuters - Business

Oil falls towards $40 as U.S. inventory rise revives glut worries

Reuters
LONDON (Reuters) – Oil fell more than 2% towards $40 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand due to the coronavirus crisis. FILE PHOTO: A pump jack operates at a well site leased......
Cleveland Scene

Chagrin Falls Park, Black Neighborhood Next to Chagrin Falls, at Heart of Last Week’s Protest Controversy

ClevelandScene
click to enlarge Screenshot: YouTube / “The Park” Last week, the quaint suburban village of Chagrin Falls made the news for a Black Lives Matter rally organized by a local 16-year-old. The event was canceled due to community backlash and fears of riots, but approximately 100 people still came out......
New York Times - World

‘Get Rid of Them’: A Statue Falls as Britain Confronts Its Racist History

New York Times
New York Times – For more and to sign up click here LONDON — With a mix of pent-up fury and sudden elation, the protesters who toppled a bronze statue of the 17th-century slave trader, Edward Colston, in Bristol, England, on Sunday recalled the angry crowds that brought down statues......
Cleveland Scene

A Reader Responds to Former Solon Mayor Bob Paulson’s Cleveland.com Op-Ed Asking Northeast Ohio to Not Beat Up on Chagrin Falls

ClevelandScene
click image Former Solon Mayor Bob Paulson’s Op-ed to Cleveland.com — “Don’t beat up Chagrin Falls for protecting its quaint business district. Some Cleveland shop owners probably wish they’d done the same” — ends with this sentence: “That is not fair to a tiny village like Chagrin Falls.” With all do......
CNBC Business

In Klamath Falls, Oregon, victory declared over antifa, which never showed up

CNBC
CNBC – For more and to sign up click here Anti-government militant carries an American flag as he rides his horse on the Malheur National Wildlife Refuge. Justin Sullivan | Getty Images About 200 protesters came to Sugarman’s Corner, the local hotspot in downtown Klamath Falls, Oregon, last Sunday night......
Reuters - Business

U.S. unemployment rate unexpectedly falls in May

Reuters
FILE PHOTO – A man speaks with a library worker after receiving an unemployment form, as the outbreak of coronavirus disease (COVID-19) continues, in Miami Beach, Florida, U.S., April 8, 2020. REUTERS/Marco Bello WASHINGTON (Reuters) – The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department......
Reuters - Business

Oil falls from $40 on doubts over early OPEC meeting

Reuters
LONDON (Reuters) – Oil fell after touching its highest since March at more than $40 a barrel on Wednesday, pressured by doubts that an early meeting of OPEC and its allies to extend existing output cuts will take place. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre,......
BBC USA

Yemen aid at risk after fundraiser falls short

BBC
Media playback is unsupported on your device Media captionYemen bracing for coronavirus outbreak Donors have pledged $1.35bn (£1.1bn) in humanitarian aid for Yemen – $1bn short of what the UN said was required to stop programmes being reduced or shut. Emergency Relief Co-ordinator Mark Lowcock warned: “Without more money we......

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