Consolidation in the U.S. shale industry is accelerating, ratcheting up pressure on oil and gas producers to gobble up smaller rivals, analysts and executives said.
Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House.
Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc for US$7.6 billion, including debt.
Snap Inc , owner of the single-view messaging app Snapchat, on Tuesday beat Wall Street's third-quarter forecasts for user growth and revenue as more people signed up to chat with friends and family during the coronavirus pandemic.
Investors betting that optimism over the U.S. economic outlook will lift yields on longer-term US Treasury securities faster than short-term rates could be in for a major surprise.
The current rise in COVID-19 infections in the United States may not dent the recovery too much, Chicago Federal Reserve Bank President Charles Evans said on Tuesday, adding that he remains "reasonably optimistic" U.S. unemployment will fall to 5.5per cent by the end of next year.
Goldman Sachs has sent some staff home from its London office after two employees tested positive for COVID-19.
The U.S. government stepped up an offensive on Tuesday to keep China's Huawei Technologies out of Brazil's 5G market, with Washington offering to finance purchases by Brazilian telecom companies of equipment from its competitors.
Wall Street's main indexes climbed on Tuesday on growing signs that U.S. lawmakers were making headway in their talks over stimulus to support an economic recovery from the impact of the COVID-19 pandemic.
The US Department of Justice and 11 states filed their long-awaited competition lawsuit against Google on Tuesday (Oct 20).
