U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell will testify before the Senate Banking Committee on coronavirus relief, the committee said in a statement on Monday.
The United States on Monday eased its warning against travel to China, acknowledging that the nation had made progress against Covid-19 despite frequent US criticism of its pandemic role.
JPMorgan Chase & Co Chief Executive Jamie Dimon said the economic recovery from the coronavirus recession could be derailed by a lack of additional economic stimulus, the election and a second wave of infections.
Federal regulators are preparing to reprimand Citigroup Inc for failing to improve its risk-management systems, the Wall Street Journal reported https://on.wsj.com/3mvwLES on Monday.
Walmart Inc said it is pressing ahead with its goal to invest in TikTok as Oracle Corp takes the lead in a partnership with the Chinese video-sharing app.
Citigroup Inc Chief Financial Officer Mark Mason said on Monday that the bank is accelerating investments in its risk and control functions following a high profile US$900 million operational error.
REUTERS: Nikola Corp <NKLA.O and vehicle equipment maker CNH Industrial said the firms are working together to build prototypes of the EV maker's Tre semi-truck, sending Nikola's shares up 12per cent, days after a scathing report from short-seller Hindenburg alleged the company of 'fraud'. CNH ...
Global M&A volumes are approaching US$2 trillion for 2020, with technology making up almost a fifth of the total after mammoth deals such as SoftBank's US$40 billion sale of chipmaker Arm.
Ireland's High Court on Monday temporarily froze a probe by Facebook's lead European Union regulator that threatened to halt the U.S. social media giant's transatlantic data flows, a court spokesman said.
Shares of Gilead Sciences Inc rose 3.2per cent on Monday, reversing their premarket losses as investors shrugged off concerns over the steep premium the U.S. drugmaker was willing to pay for Immunomedics Inc .
