Business

Asian shares stalled near record highs on Friday as investors weighed renewed doubts about a highly-anticipated coronavirus vaccine against hopes that some of the region’s economies will recovery quicker than their Western peers, Reuters reported. […]

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European shares were mixed on Thursday and world shares held near all-time highs after a strong Asian session in which market euphoria around COVID-19 vaccines, Joe Biden’s U.S. presidential election win and hopes for further […]

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The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery, Reuters […]

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President-elect Joe Biden’s Treasury secretary will need Congress to approve re-use of $455 billion in funds that the Trump administration is taking back from Federal Reserve and other pandemic lending programs, the Treasury said on […]

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Global shares reached record highs on Wednesday after the Dow Jones broke 30,000, with investors relieved at the prospect of a smooth handover of power after the U.S. presidential election and confident a COVID-19 vaccine […]

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A bipartisan group of U.S. states plans to file an antitrust lawsuit against Google as early as next month, according to two people briefed on the matter, potentially beating a more widely anticipated lawsuit from […]

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Stocks, oil and risk currencies gained on Tuesday as the formal go-ahead for U.S. President-elect Joe Biden to begin his transition burnished a November already boosted by COVID-19 vaccines, Reuters writes. European markets tracked gains […]

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Dow Jones Industrial Average futures were higher in early morning trade on Monday, even as Covid-19 cases rise in the U.S. and abroad, CNBC reported. Futures contracts tied to the Dow advanced 209 points. S&P […]

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World stocks eased for the third day in a row and oil fell on Thursday tracking overnight weakness in Asia and Wall Street as widening COVID-19 restrictions weighed on market sentiment, Reuters reported. Positive news […]

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Global shares were little changed and oil rose on Wednesday as weak U.S. retail sales and a surge of new coronavirus cases dampened but did not extinguish the euphoria from recent COVID-19 vaccine breakthroughs, Reuters […]

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Investors are weighing the chances the Federal Reserve will increase its purchases of U.S. government debt in coming weeks to counteract the economic fallout of a COVID-19 resurgence, an intervention that could reverse a recent […]

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Tesla is set to join the S&P 500 in December, a major win for Chief Executive Elon Musk that boosted the electric car maker’s shares 14% on Monday in anticipation of a $51 billion trade […]

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As Joe Biden appeared to be on the path to winning the 2020 presidential election, several companies and business groups went on a hiring spree for lobbyists that could influence the incoming administration, CNBC informed. […]

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Saudi Aramco said on Monday it had hired banks for a multi-tranche U.S. dollar-denominated bond issuance, as the world’s largest oil company seeks cash amid lower oil prices, Reuters informed. Gulf issuers have shown no […]

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The next six months will remain turbulent as the global economy keeps grappling with the effects of the coronavirus pandemic, Eric Rosengren, president of the Federal Reserve Bank of Boston, told CNBC. Pfizer and BioNTech […]

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Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people […]

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Investors and financial executives took a big sigh of relief on Saturday after major networks declared Democrat Joe Biden winner of the U.S. presidential election, offering some certainty after days of conflicting reports about who […]

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10-year and 30-year U.S. Treasury yields dipped on Friday as investors continued to wait for the result of the presidential election, CNBC informed. The yield on the benchmark 10-year Treasury note fell to 0.775% at […]

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The Fed’s two-day meeting is expected to end Thursday with no new proclamations from the central bank, and Chairman Jerome Powell will be sure to distance himself from the election uncertainty, CNBC informs. But he […]

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Dow Jones Industrial Average futures alternated between gains and losses on Wednesday as the results of the presidential contest so far failed to yield a clear winner on election night, CNBC reported. Dow futures traded […]

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U.S. stock futures turned down on Wednesday in volatile trade after President Donald Trump claimed that he had won the U.S. election even though millions of votes were still uncounted, raising the specter of a […]

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Asian equity markets rallied on Tuesday, with investors buoyed by strong factory output data from major economies, while the dollar and gold were little changed ahead of U.S. elections, Reuters reported. Elsewhere, S&P 500 futures rose […]

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The U.S Commerce Department said on Sunday it would “vigorously defend” an executive order that seeks to bar transactions with Chinese-owned short video-sharing app TikTok after a federal judge halted the action, Reuters writes. U.S. […]

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Manhattan business owners including Chanel and Levi’s boarded up their storefronts with plywood on Friday afternoon — as the NYPD warned of potential unrest as the presidential election draws near, New York Post reports. Workers […]

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