U.S. stock futures fall, with Wall Street set to give back some of May’s strong gains


A view of the Fearless Girl with New York Stock Exchange in Wall Street in the backdrop amid Coronavirus Pandemic on April 5, 2020.

John Nacion | NurPhoto | Getty Images

U.S. stock futures fell on Sunday night as Wall Street was set to kick off June trading on a sour note after consecutive monthly gains.

Dow Jones Industrial Average futures traded 217 points lower, or 0.9%. S&P 500 and Nasdaq 100 futures slid 0.9% each. Dampening market sentiment in early trading were disappointing trial results from Pfizer for a breast cancer drug. The company made the announcement Friday evening,

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Investors are dangerously downplaying virus, trade risks: Meghan Shue


Just as the economy is trying to reopen, the market is facing a new risk: Renewed trade tensions with China.

Wilmington Trust’s Meghan Shue warns the threat is putting the strong rebound off the March 23 low in jeopardy.

“We are definitely worried about U.S.-China tensions escalating. We’ve seen them bubbling up in recent days and weeks,” the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday. “There are a number of risks that I don’t think are adequately priced into the market that could see a resurgence.”

President Trump has been looking to take action against

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Amazon’s Jeff Bezos buying stake in UK digital startup Beacon


Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018.

Bloomberg | Getty Images

Jeff Bezos is investing in U.K. digital freight forwarding and supply chain finance firm Beacon, Sky News reported Sunday, without stating its sources.

The Amazon CEO and world’s richest man is taking part in Series A fundraising worth $15 million for the British startup, Sky reported. 

Freight forwarding is a trillion dollar industry, and Beacon aims to act as the booking agents between importers and exporters while facilitating trade logistics and finance, its website says. 

Based in London and founded in 2018, Beacon’s investors

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House bill eases rules around how small businesses can use PPP funding


Wine store employees catalog a new shipment of alcohol on May 28, 2020 in New York City. Government guidelines encourage wearing a mask in public with strong social distancing in effect as all 50 states in the USA have begun a gradual process to slowly reopen after weeks of stay-at-home measures to slow the spread of COVID-19. (Photo by Alexi Rosenfeld/Getty Images)

Alexi Rosenfeld

A bill that passed yesterday in the House of Representatives has some sought-after changes to a forgivable loan program for small-business owners.

The new legislation, the Paycheck Protection Program Flexibility Act, addresses entrepreneurs’ concerns around loan

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