Business

Microsoft Corp, which has largely evaded Washington’s scrutiny of Big Tech companies and scored a lucrative $10 billion government contract under the Trump administration, has emerged as a significant backer of the Biden campaign, Reuters […]

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With earnings season in full swing, more companies are again offering earnings guidance, signaling to investors that some corporations are adapting to uncertainty about a global pandemic that may extend deep into next year, Reuters […]

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This time last year, shoppers on Chicago’s Magnificent Mile were waiting for Louis Vuitton to debut its whimsical holiday window decorations. Now those same windows are hidden behind a wall of wood panels painted bright […]

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Amazon will allow employees who can work from home to do so through June 2021, CNBC confirmed Tuesday. “We continue to prioritize the health of our employees and follow local government guidance,” an Amazon spokesperson […]

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Global stocks and bond yields rose on Wednesday as Washington moved closer to agreeing to a coronavirus stimulus package, pinning the dollar at its lowest for a month, Reuters reported. The MSCI world equity index, […]

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The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations […]

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China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand, Reuters writes. Gross […]

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 The two largest U.S. energy firms, Chevron and Exxon Mobil have increased their share of campaign donations to Democrats this year, according to latest filings, amid a looming battle over fracking, Reuters informs. The vast […]

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Amazon employees are signing an internal petition calling on the company to give workers time off to vote, CNBC writes. The petition urges Amazon to provide its entire U.S. workforce with paid time off to […]

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U.S. stock futures fell in early morning trading on Tuesday as investors waited for the first batch of corporate earnings and looked for updates on a stimulus package, CNBC reported. Dow futures fell 143 points. […]

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President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win, Reuters […]

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Asian shares inched towards 2-1/2-year highs on Friday as revived hopes for a U.S. stimulus deal eclipsed weaker-than-expected jobs data, while mainland Chinese markets jumped after a week-long holiday, Reuters informed. Investors were also increasingly […]

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The world’s top central bankers have opened the taps with trillions of dollars in promised credit to prevent a global pandemic from causing a global economic depression, Reuters informed. On Tuesday they will update their […]

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Stocks and other risk assets rose on Monday as signs that Donald Trump’s health was improving brought relief to markets after the uncertainty of his COVID-19 infection sent investors rushing for safety last week, Reuters […]

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Investors, already skittish ahead of U.S elections in November, now have another thing to worry about: the President’s health, Reuters reports. Donald Trump’s COVID-19 diagnosis triggered a sell-off in stocks and oil and a surge […]

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Amazon on Thursday said more than 19,000 of its U.S. frontline workers contracted the coronavirus this year, or 1.44% of the total, a disclosure sought by labor advocates who have criticized the COVID-19 response of […]

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The U.S. economic recovery continued to advance at a slow pace over the past week, with signs that businesses were still rehiring workers but also that a gusher of government assistance earlier in the year […]

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U.S. equity futures fell and safer assets like the yen and dollar found buyers on Wednesday after a chaotic first U.S. presidential debate turned investors cautious, though strong factory surveys gave a boost to Chinese […]

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European shares slipped on Tuesday as investors awaited the first U.S. presidential debate and eyed progress of a fiscal stimulus package in Washington, Reuters informs. The broader Euro STOXX 600 fell 0.4%, eroding hefty gains from […]

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Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on Sunday, Reuters informed. China’s recovery […]

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