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Financial & Business News
BusinessYahoo FinanceStock market news live updates: Stock futures extend declines with stimulus deal still elusive
Stock futures pointed to a lower open Thursday, extending declines from a day earlier, as traders continued to fixate on dimming prospects of more stimulus before the election. Third-quarter corporate earnings results rolled in mixed.
BusinessReutersApple expands 'Express' retail store format ahead of holiday season
The new "Express" stores come as COVID-19 rates are rising around the United States and Europe. Customers make an appointment to pick up orders placed online or interact with Apple's technicians for customer service. For Apple, which has 271 retail stores in the United States, the new format could help it navigate a holiday sales challenge.
- WorldBloomberg
Sunak Fires Third U.K. Aid Salvo in a Month for Ailing Economy
(Bloomberg) -- Chancellor of the Exchequer Rishi Sunak increased the generosity of the U.K. aid package for businesses hamstrung by the resurgent coronavirus pandemic, his third push in less than a month to stop a wave of job losses sweeping across the country.Sunak increased government contributions to workers’ wages, and reduced the hours employees have to work in order to qualify for a state program that takes over from the furlough system on Nov. 1. He also announced package of grants to businesses that aren’t required to close, but are suffering because of coronavirus restrictions.The changes follow bitter rows between Boris Johnson’s government and local authorities in northern England over the scale of support to businesses that face a winter of uncertainty after being forced to close their doors again.While Sunak had wanted to wean firms and workers off aid, those efforts have been overtaken by the rapid spread of the virus and renewed localized restrictions. Curbs on economic activity threaten to worsen a spike in unemployment, and a recession predicted to be the sharpest and deepest in three centuries.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
