What's happening: Hertz, which filed for bankruptcy four weeks ago, said Thursday afternoon it was pulling the plug on its planned stock sale. The company wanted to raise cash to help it through the bankruptcy process as retail investors piled into the company's shares. But the move raised eyebrows; even Hertz warned that the stock was likely to be worthless at the end of its bankruptcy reorganization. Companies give employees the day off for JuneteenthThis Friday marks Juneteenth, which celebrates the end of slavery in the United States. And this year, more than a dozen companies are, for the first time, giving employees a paid day off from work to observe it.

Source: CNN June 19, 2020 12:11 UTC