US: Stocks end down after jobless claims rise, Nasdaq -2.3%

"The foundations to this recovery are cracking under the weight of a mismanaged health crisis," said a note from Oxford Economics that said its"recovery tracker" fell in 18 states in the first full week of July compared to the final week of June.

Lawmakers in Washington have begun debating whether to extend additional weekly payments made to unemployed people provided under the US$2.2 trillion CARES Act passed in March as businesses shut down to stop the spread of Covid-19.

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Seoul: Stocks slip on recession, US-China worries[SEOUL] South Korean shares dropped on Thursday after data showed the country plunged into recession in the second quarter, while escalating US-China tensions further weighed on sentiment. Read more at The Business Times.
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Bill Ackman's blank check company raises US$4 billion in US IPOPershing Square Tontine Holdings Ltd has raised US$4 billion in its U.S. initial public offering, the blank check company backed by billionaire ...
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