Oil prices tumbled by more than 4 per cent on Thursday, dropping to a five-month low and extending the previous day's sharp decline on the impact renewed coronavirus lockdowns could have on oil demand.
McDonald's Corp was hit on Thursday with a potentially multi-billion dollar lawsuit by Black franchise owners who accused the fast-food giant of racial discrimination for steering them to underperforming stores.
Amazon.com Inc on Thursday reported record profit for the second consecutive quarter and forecast a jump in holiday sales, as consumers continued to shop more online during the novel coronavirus pandemic.
Asian markets looked to continue an upward swing on Friday, after a rebound in U.S. equities and strong corporate earnings set the stage.
China Evergrande Group has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow hints at an increasingly fraught effort to reduce the property sector's biggest debt.
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results.
As the clock ticks down to the US presidential election, Money Mind looks into the potential impact of a Trump or Biden victory, and what this means for investors.
While 2020 is the year of COVID-19, it may also coincide with that period in economic history when politics became the greatest risk for global business, says IMD Business School’s Patrick Reinmoeller.
Apple Inc's announcement Thursday that iPhone sales were weaker than expected sent shares down 4per cent even as the tech company's revenue and profit did better than Wall Street expected thanks to booming Mac and AirPods sales.
The US economy grew at a record pace in the third quarter as the government injected more than US$3 trillion worth of pandemic relief which fuelled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.
