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The Nasdaq 100 index retreated from an intraday record high on Thursday, with the S&P 500 and Dow Jones indexes also slipping as a rally fueled by hopes of a post-coronavirus economic recovery fizzled out.\n \n
U.S. Secretary of State Mike Pompeo is set warn American investors on Thursday against \'fraudulent\' accounting practices of China-based companies, and suggest the Nasdaq\'s recent decision to tighten listing rules for such players should be a model for all other exchanges around the world.\n \n
Germany has become the second major European economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen and Tesla , while polluting SUVs face higher taxes.\n \n
The combined wealth of America\'s billionaires, including Inc founder Jeff Bezos and Facebook Inc CEO Mark Zuckerberg, jumped over 19{787f5afbeb73481ded0748326196979dba893e2e29925f9b5bd1c397b369a004} or by half a trillion since the onset of the COVID-19 pandemic in the United States, according to a report published by the Institute for Policy Studies (IPS).\n \n
American Airlines Group Inc shares jumped by 25{787f5afbeb73481ded0748326196979dba893e2e29925f9b5bd1c397b369a004} after it said Thursday it will significantly boost its U.S. flight schedule next month after dramatic reductions caused by the coronavirus pandemic, flying more than 55{787f5afbeb73481ded0748326196979dba893e2e29925f9b5bd1c397b369a004} of its July 2019 domestic capacity.\n \n
Oil prices fell on Thursday on doubts over the ability of top crude producers to agree to extend record output cuts, heightened by worries over a build in U.S. fuel inventories.\n \n
A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) , financed by Intesa Sanpaolo , is crucial in terms of safeguarding Italy\'s economy, the head of the country\'s biggest retail bank said.\n \n
Fiat Chrysler will file regular reports on its use of a multi-billion euro state-backed loan which Italy is set to approve soon and will face sanctions if it does not respect commitments attached to the package, the economy minister said.\n \n
The European Central Bank approved a bigger-than-expected expansion of its stimulus package on Thursday to prop up an economy plunged by the coronavirus pandemic into its worst recession since World War Two.\n \n
The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two months of shutdowns to cope with the coronavirus pandemic.\n \n


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