The S&P 500 eased on Tuesday, a day after the benchmark index logged its longest streak of gains this year as investors weighed the risk of a sharp jump in new coronavirus cases nationwide hindering a rebound in economic activity.
A Huawei Technologies executive warned that Brazil could suffer years of delay in deploying a 5G telecoms network and higher costs if it succumbs to mounting U.S. pressure to snub the Chinese equipment supplier.
The U.S. economy faces stiff headwinds in staging a strong recovery as a surge in coronavirus cases without a vaccine in sight and few treatment options will likely limit consumer spending and the labor market, U.S. Federal Reserve policymakers said on Tuesday.
A roster of businesses receiving a piece of the US$660 billion U.S. Paycheck Protection Program illustrates how deeply the government's pandemic aid has reached into the everyday lives of Americans, yet at the same time how unevenly and fleetingly.
PARIS: A protest movement against the deployment of 5G mobile technology in France risks dampening the country's attractiveness to investors, French tycoon Xavier Niel said on Tuesday. "5G is an element of attractiveness for our country," Niel, founder of French broadband internet provider Iliad ...
U.S. hiring surged to a record high in May and layoffs fell as businesses reopened, but the improvement in the labor market is likely to be blunted by a resurgence in COVID-19 cases that has forced some enterprises to shut down again.
Democratic presidential candidate Joe Biden on Tuesday promised to revive U.S. manufacturing so that the country is not dependent on China, taking aim at his rival's promises to revive factories.
Tesla's Chief Executive Officer Elon Musk is "a genius who defies common sense and can be overly optimistic," Panasonic's CEO said on Tuesday, as the Japanese firm cautiously moves to expand a battery partnership with the U.S. carmaker.
U.S. hiring surged to a record high in May and layoffs declined as businesses reopened, but the signs of improvement in the labor market have been overshadowed by a resurgence in COVID-19 cases that has forced some enterprises to shut down again.
The world's top oil and gas companies locked in cheap borrowing rates to raise a record amount of debt in the second quarter of 2020 and boost cash reserves as a buffer against a collapse in revenues because of COVID-19.
