5 Things You Need To Know, Today, on Friday 26th June 2020
Justin Waite
5 Things You Need To Know
04:47, 26th June 2020

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5 Things You Need To Know, Today, on Friday 26th June 2020

The Federal Reserve

5. The US Treasury mistakenly sent more than $1.4bn (£1.1bn) of its pandemic rescue funds to over one milllion dead people, government inspectors have found.

(Click here to read more)

 

Verizon Shop

4. US telecoms operator Verizon has become the latest major company to pull advertising from Facebook platforms.

The company joins Ben and Jerry's and a growing list of firms boycotting the social media giant over its handling of controversial posts.

(Click here to read more)

 

Jerome Powell Federal Reserve

3. The Federal Reserve has warned that America's biggest banks could be hit by losses of up to $700bn (£563.6bn) in a severe downturn due to the pandemic.

The US central bank said it was barring share repurchases and limiting dividend payments until at least October.

(Click here to read more)

 

Flags of European Union and UK

2. Britain will reject any European Union proposal which gives the bloc the right to respond with tariffs to changes in British law following Brexit.

With only a few months until a deal must be reached, the sides remain far apart and the transition period, during which Britain remains in the EU single market and customs union, expires at the end of the year.

(Click here to read more)

 

British Car Production Line

1. British car production plummeted by an annual 95% in May with just 5,314 vehicles built as the coronavirus outbreak kept some factories shut and others operating at reduced levels.

Output slightly recovered from just 197 cars made in April, the lowest level for any month since February 1946.

(Click here to read more)

 

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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