Daily Archive: June 20, 2020

Beijing tests food, parcel couriers for coronavirus as city checks widen By Reuters

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© Reuters. Frozen seafood products made of imported shrimps are seen inside a sealed freezer at a supermarket in Beijing

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BEIJING (Reuters) – Officials in Beijing are carrying out nucleic acid tests on all food and parcel delivery personnel as they ramp up efforts to rein in an outbreak of the coronavirus in the Chinese capital, state-backed Beijing News reported on Saturday.

Officials have been expanding testing across the city of 20 million since a cluster of new infections linked to a food wholesale market erupted just over a week ago. The outbreak, the first in Beijing in months, has now surpassed previous peak numbers in early February.

Testing for COVID-19 initially focused on residential areas near the sprawling Xinfadi market and on people who worked or shopped there.

Officials are now targeting the tens of thousands of delivery personnel who regularly traverse the city, where fleets of

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Stocks close lower as Apple store closures spark economy revival worries

NEW YORK — The S&P 500 ended lower on Friday after an up-and-down session as investors weighed spiking cases of COVID-19 and Apple Inc.’s announcement of fresh store closures against anticipated stimulus and continued economic recovery.

The S&P 500 ultimately settled in the red, along with the blue-chip Dow, while the tech-heavy Nasdaq closed modestly higher.

“You’ve got these duelling forces with Fed stimulus and the consumer spending again on one side, and on the other side the resurgence (of COVID-19) in pockets of areas around the globe,” said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts.

Apple Inc announced it is temporarily shutting some stores again in Florida, Arizona, South Carolina and North Carolina, which have seen a spike in coronavirus cases in recent days.

“Apple is the canary in the coalmine with respect to other businesses,” Keator added. You’ll start to

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Looking to invest in companies that care about equality? This NAACP-backed ETF may be the answer

Two years ago, the NAACP partnered with Impact Shares—a nonprofit fund manager specializing in socially conscious, ESG-focused exchange-traded funds (ETFs)—to develop a novel investment product. 

While the ESG (environmental, social, and governance) investing movement was already gaining a foothold in the world of finance, both organizations noticed a notable gap—funds that target, and reward, companies with policies promoting diversity and racial equality.

“Impact Shares was looking for an organization that could help frame the ‘S’ [in ESG] for them, and we’d been doing corporate scorecards for 25 years: looking at data, scoring and ranking companies, and providing that information to our constituency,” Owens tells Fortune.

The result was the Impact Shares NAACP Minority Empowerment ETF (ticker: NACP), which tracks nearly 200 large- and mid-cap companies on the strength of metrics measuring their commitment to diversity, inclusion, and equality. That includes everything from their employee hiring, pay, and promotion practices, … Read More