Shares open greater as jobless claims higher than anticipatedShares opened barely greater after information confirmed a larger-than-expected fall
Shares open greater as jobless claims higher than anticipated
Shares opened barely greater after information confirmed a larger-than-expected fall in weekly jobless claims. The S&P 500 gained 0.2% whereas the Dow Jones Industrial Common traded simply above the flatline. The Nasdaq Composite outperformed, rising 0.7% to a contemporary report excessive. —Melodie Warner
Walgreens to chop greater than 4,000 jobs within the U.Ok.
Walgreens Boots Alliance will minimize over 4,000 jobs in its Boots UK enterprise and shutter 48 of its optician facilities in the UK, because the pandemic harm gross sales and elevated bills.
The worldwide drugstore chain reported its fiscal third quarter took successful because it crammed fewer prescriptions, spent extra on workers and sanitizing and noticed a drop in foot visitors. Its worldwide enterprise, specifically, dragged down its gross sales.
That steep drop means the corporate wants to chop prices by means of layoffs and different measures, firm leaders stated. Walgreens, which was already in the midst of a cost-cutting effort, has raised its purpose to greater than $2 billion in annual financial savings by 2022. —Melissa Repko
Weekly jobless claims complete 1.314 million, lower than anticipated
Weekly jobless claims had been decrease than anticipated final week as staff slowly returned to work within the wake of rising coronavirus circumstances, reviews CNBC’s Jeff Cox.
Preliminary jobless claims hit 1.314 million final week, in comparison with a Dow Jones estimate of 1.39 million. The quantity marked a small decline from the earlier week’s complete of 1.43 million, however weekly claims have stayed above 1 million for 15 consecutive weeks. —Yun Li
Moscow colleges and schools reopen subsequent week
A college scholar has her physique temperature measured earlier than a Unified State Examination (EGE) within the Russian language at highschool No 1534.
Anton Novoderezhkin | TASS | Getty Photographs
Moscow Mayor Sergei Sobyanin introduced colleges and universities will reopen subsequent week as he seems to be to ease restrictions associated to the coronavirus pandemic, Reuters reported.
Sobyanin introduced colleges, universities, cultural facilities and summer time camps as the subsequent group of areas to reopen within the metropolis. Residents can even not be required to put on masks exterior, however will nonetheless be required in shops, medical amenities and on public transportation, Sobyanin stated.
Theaters, live performance halls and sporting venues can open subsequent month so long as they continue to be at half capability, in accordance with Reuters.
Russia reported 6,509 new coronavirus circumstances Thursday, bringing to complete to 707,301, the fourth largest on the earth, in accordance with Reuter’s tally. Their tally additionally reviews 10,843 coronavirus deaths within the nation because the pandemic started. —Alex Harring
Africa CDC says nations throughout the area should prioritize testing
Well being care staff holding indicators, protest over the shortage of private protecting tools (PPE) throughout the coronavirus illness (COVID19) outbreak, exterior a hospital in Cape City, South Africa, June 19, 2020.
Mike Hutchings | Reuters
A distinguished illness management physique in Africa has urged nations throughout the continent to ramp up testing for the coronavirus, Reuters reported, shortly after the variety of regional circumstances surpassed 500,000.
“The pandemic is gaining momentum,” John Nkengasong, head of the Africa Centres for Illness Management and Prevention stated throughout a digital information briefing.
He urged nations to encourage residents to put on face masks and perform testing and tracing measures.
So far, greater than 522,000 folks have examined constructive for Covid-19 in Africa, with 12,206 associated deaths, in accordance with information compiled by Africa CDC. —Sam Meredith.
Hong Kong fights a brand new cluster
Folks sporting face masks, amid issues of the COVID-19 coronavirus, commute on a practice in Hong Kong on April 4, 2020.
Dale De La Rey | AFP | Getty Photographs
Hong Kong, hailed for its early and aggressive coronavirus response, is now grappling with rising circumstances for the second day in a row as town reported 42 new circumstances on Thursday, Reuters reported.
Town has reported simply 1,366 circumstances and 7 deaths because the virus first unfold to Hong Kong, in accordance with Reuters. Officers shortly stamped out the outbreak with out having to close down town by testing aggressively, conducting detailed contact tracing and isolating anybody who might need been uncovered to the virus.
In gentle of the cluster of recent circumstances, authorities stated they may cap the variety of folks at every desk in a restaurant to eight, and not more than 4 folks will likely be allowed to take a seat at a bar collectively, starting midnight on Friday, Reuters reported. —Will Feuer
Learn CNBC’s earlier coronavirus reside protection right here: California ramps up hospital capability as circumstances surge