Business

Stock futures were mostly little changed early Friday morning following a volatile session that snapped a four-day winning streak for one of the major averages, CNBC reports. Dow Jones Industrial Average futures dipped just 1 […]

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Billionaires looked after by Swiss bank UBS are looking to move their cash out of equities after profiting from an unprecedented sell-off and rapid rebound from March to May, the world’s largest wealth manager said […]

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Stocks in Asia shed earlier gains and were mixed on Wednesday as concerns over U.S.-China tensions weighed on investor sentiment, CNBC reported. Mainland Chinese stocks led losses on the day regionally among the region’s major […]

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The Dow Jones Industrial Average rose on Tuesday, led by shares of JPMorgan Chase after the banking giant reported stronger-than-forecasted quarterly results. However, the broader market struggled as losses among major tech stocks mounted, CNBC […]

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China’s imports in June rose for the first time since the coronavirus crisis paralysed the economy, as government stimulus stoked demand for commodities, while exports, fuelled by medical goods, also rose in a sign the […]

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U.S. government debt prices were higher Friday morning as traders monitor the health crisis and the subsequent pace of economic recovery, CNBC reported. At around 4:03 a.m. ET, the yield on the benchmark 10-year Treasury […]

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Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concern about economic recovery, while investors looked forward to earnings season, Reuters informed. MSCI’s broadest index […]

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Amazon plans to create at least $100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal […]

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Futures contracts tied to the major U.S. stock indexes were slightly lower early Thursday, hours after the Nasdaq Composite clinched its 25th record close for 2020, CNBC reports. Dow Jones Industrial Average futures implied an […]

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Saudi Arabia, in its capacity as president of the G20 group of nations, has unveiled a six-point business plan to jump start the global economy out of the recession brought on by the COVID-19 pandemic, […]

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A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also into the […]

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The Saudi Ministry of Interior (MoI) has announced King Salman’s approval to extend several visa and residence initiatives for expatriates free of charge, Arab News reported. An official source in the MOI said that this […]

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Asian stock markets rose Monday as investors shrugged off rising coronavirus cases in the United States and some other countries Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia advanced, The Associated Press reported. Markets […]

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The coronavirus is inflicting a price shock on low income Americans that risks further driving up inequality, Bloomberg reports. In a study released this week, Bloomberg Economics estimated higher grocery and housing costs for lockdown […]

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Amazon remains the world’s most valuable brand, increasing its worth by almost a third to $415.9 billion compared to last year, according to a ranking by consultancy Kantar, CNBC informed. The annual BrandZ Top 100 […]

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Rising virus infections caused some governments to backtrack on pandemic reopenings, or to warn they might have to, subduing world markets, The Associated Press reported. At the same time, investors have been counting on businesses […]

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U.S. consumer spending rebounded by the most on record in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting […]

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Finance executives are now bracing for Joe Biden to potentially win the presidency as Donald Trump slides in national and swing-state polls, CNBC reports. Various current and former Wall Street financiers, analysts, lobbyists, lawyers and […]

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Weak demand is forcing U.S. employers to lay off workers, keeping new applications for unemployment benefits extraordinarily high, even as businesses have reopened, buttressing views the labor market could take years to recover from the […]

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Gold prices surged to their highest in nearly eight years on Wednesday, while global shares cooled as signs of an acceleration in coronavirus cases kept investors on edge, Reuters reports. Fuelling concerns about sustained weakness […]

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The coronavirus will push debt levels in the world’s richest nations up by almost 20 percentage points on average this year, credit rating agency Moody’s said on Monday, almost double the damage seen during the […]

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