Tesla's upcoming quarterly report could put another US$3 billion in Chief Executive Elon Musk's pocket.
Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least US$1.6 trillion in additional coronavirus relief funds.
A U.S. House of Representatives panel looking into abuses of market power by four of the biggest technology companies found they used "killer acquisitions" to smite rivals, charged exorbitant fees, and forced small businesses into "oppressive" contracts in the name of profit.
The Federal Aviation Administration (FAA) on Tuesday issued a draft report on revised training procedures for the Boeing 737 MAX, a key milestone to the plane's eventual ungrounding.
The union representing Southwest Airlines' flight attendants on Tuesday rejected management's call for negotiated pay cuts to avoid furloughs and renewed calls for more airline aid from Washington.
U.S. stocks fell sharply and were down more than 2per cent in late afternoon trading Tuesday after President Donald Trump said he was calling off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election.
Top US and European central bankers on Tuesday (Oct 6) called for renewed government spending to support families and businesses as the battle against the coronavirus recession enters a newly critical phase.
U.S. Trade Representative Robert Lighthizer said on Tuesday that the higher U.S. trade deficit in 2020 has been largely due to non-monetary gold imports and that President Donald Trump's trade policies were working despite a US$67.1 billion August trade deficit that was the largest in 14 years.
U.S. President Donald Trump on Tuesday called off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election, even as cases of the virus are on the rise across much of the country before flu season.
The US House of Representatives antitrust subcommittee's findings on abuse of market power by four large tech companies is expected to be broken up into three reports, according to two sources with direct knowledge of the matter, as bipartisanship among committee members appeared to break down.
