Global Macro / Markets / Investing:
- This is the greatest 50-day rally in the history of the S&P 500 – CNBC
- Attack of zombie companies: eating bailouts that are vital to restore the economy – The Conversation
- Dow Jones Surges 500 Points As Stocks Rally Despite Jobs Data, Coronavirus, Protests – Investors
- Coronavirus pushes global credit rating downgrade threat to record high. US Treasuries may be next. – Reuters
- ‘Terminal decline’ of fossil industry risks crisis unless regulators act: study – Reuters
- IMF chief says some countries may need debt restructuring, not just freeze – Reuters
Americas:
- Millions Of Americans Skip Payments As Tidal Wave Of Defaults And Evictions Looms – NPR
- U.S. spends twice as much on law and order as it does on cash welfare, data show – Washington Post
- New U.S. unemployment claims drop below 2 million, but total claims top 42 million – Daily Fodder
- Nearly 43 million Americans have filed for unemployment benefits during the pandemic – CNN
- U.S. leveraged loan downgrade ratio five times worse than 2008-09 – Reuters
- US Companies cut fewer jobs than forecast in May – LA Times
- Racism Is the Biggest Reason the U.S. Safety Net Is So Weak – Bloomberg
Europe:
- European retail sales declined sharply in April – Economo
- Germany will require all petrol stations to provide electric car charging – Reuters
- Boris Johnson urges EU workers to return to UK to help the economy – New European
- Putin orders state of emergency after huge fuel spill inside Arctic Circle – The Guardian
- 24 countries sign pledge to boost international rail routes – Euractiv
- Germany agrees a fresh $146 billion stimulus plan to fight the economic impact of coronavirus, days after the EU’s record-breaking proposal – Business Insider
- European Central Bank extends Covid-19 emergency stimulus by €600bn – The Guardian
Asia:
Advertisement
- China to Allow Foreign Airlines to Restore Some Flights After U.S. Pressure – WSJ
- Nobody Knows Anything About China – Get Pocket
- Pompeo to urge stock exchanges globally to tighten rules for Chinese companies – Reuters
- South Korea Seeks Arrest of Samsung Heir in Succession Probe – Japan Times
- Hong Kong police fire pepper spray to disperse Tiananmen protesters – Reuters
- Trudeau condemns China’s encroachment on Hong Kong, invites expats to return home – Globe & Mail
Trans-Tasman:
- India and Australia sign deal to use each other’s military bases – Al Jazeera
- Nation feigns surprise as government gives handout to rich homeowners – Chaser
- ‘Little evidence’ wage subsidies boost apprenticeships, Productivity Commission says – The Guardian
- Home Affairs considers expanding the list of agencies who can access metadata – ZD Net
- Coalition to add new national security test to Australia’s foreign investment regime – The Guardian
- As PV systems age it’s time to plan for panel retirement … by keeping them out of landfill – Eco Generation
- More than 1.4m Australians in mortgage stress, almost 100,000 at risk of default after JobKeeper ends – ABC
- Extended wage subsidy eligibility criteria widened – Interest.co.nz
- A new record low mortgage rate, 2.55% – Interest.co.nz