NEW YORK: Gold chalked up another record peak on Tuesday (Jul 28), while equity markets struggled with mounting coronavirus fears amid a political fight in Washington over another fiscal package to support the battered US economy. With fresh infection spikes in Asia and Europe – on top of the...
Facebook Inc's chief executive, Mark Zuckerberg, will defend the social media company before a congressional hearing on Wednesday by saying it faces intense competition, justifying its acquisitions and pointing to China's growth as an internet superpower.
L Brands Inc. said on Tuesday it was cutting 15per cent of its home office workforce, or about 850 associates, as the Victoria's Secret owner restructures its operations to cut costs in the face of the COVID-19 pandemic.
Advanced Micro Devices Inc raised its full-year revenue outlook on Tuesday, driven by a surge in chip demand from data-center operators and PC makers scrambling to meet coronavirus-induced remote work needs.
EBay Inc beat Wall Street estimates for quarterly revenue on Tuesday, as the e-commerce company benefited from a surge in online shopping by people staying indoors due to coronavirus-driven lockdowns.
AMC Theatres and Comcast Corp's Universal Pictures agreed to a major shift that will allow the studio's movies to be made available to U.S. audiences at home after just three weekends in cinemas, the companies announced on Tuesday.
Oreo maker Mondelez International Inc posted quarterly results above market expectations and raised its quarterly dividend by 11per cent on Tuesday, driven by strong demand for its snacks and chocolates in North America.
Starbucks Corp on Tuesday reported a smaller-than-expected drop in quarterly comparable store sales as more people used its drive-thru and delivery options to buy coffee and food during coronavirus-driven lockdowns.
Amgen Inc on Tuesday reported second-quarter revenue rose 6per cent as higher sales of newer drugs, including recently-added psoriasis treatment Otezla, offset declining sales of older medicines.
Twitter Inc said on Tuesday it had reined in access to Donald Trump Jr's account for 12 hours because a tweet he had posted violated the social media site's misinformation policy on COVID-19.
