Trump administration to bar Chinese passenger carriers from flying to U.S.

WASHINGTON (Reuters) – President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let U.S. air carriers resume flights amid simmering tensions between the world’s two largest economies. The move, announced by the U.S. Department of Transportation, penalizes China for…

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Wall Street surges on signs of economic rebound

NEW YORK (Reuters) – Wall Street jumped in a broad rally on Wednesday, closing ground on all-time highs as signs of recovery from mandated economic shutdowns helped investors look beyond ongoing social unrest and pandemic woes. Financials, industrials and tech led the three major U.S. stock indexes well into the black, with the S&P 500…

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