Markets

Private equity firms are proving there’s still plenty of profit in the U.S. coal industry despite a decade of falling demand for the fossil fuel. They are spending billions of dollars buying coal-fired plants on the cheap - and getting paid even when they are not providing power.

Kohl's Corp posted holiday-quarter profit and sales beyond market expectations on Tuesday, as it reined in costs and Americans loaded their online shopping carts with not just essentials but also leisure goods.

The oil industry is recovering from a collapse in demand triggered by the coronavirus pandemic, but U.S. shale production will not recover to levels seen before the pandemic, Occidental Petroleum Chief Executive Vicki Hollub said on Tuesday.

After a sharp sell-off last week U.S. Treasury debt has stabilized, with bond market indicators and derivatives positioning pointing to near-term calm, but an improving economy could trigger another sell-off in Treasuries prices.

Global manufacturing activity is surging as government support programmes and low interest rates protect consumers' incomes while restrictions on leisure travel and other services divert spending into merchandise.

Merck & Co Inc will help make rival Johnson & Johnson's single-shot COVID-19 vaccine in a partnership set to be announced on Tuesday by U.S. President Joe Biden, a White House official said on Tuesday.

Target Corp will invest US$4 billion annually over the next several years to open more stores, upgrade existing ones and build-out its supply chain as the retailer tries to cement market share gains made during the COVID-19 pandemic.

NEW DELHI: Amazon.com Inc's Prime Video streaming service on Tuesday issued a rare apology to its Indian viewers for some scenes in its original political drama series "Tandav", which allegedly hurt Hindu religious beliefs. "Tandav", a Hindi word meaning "fury", stars top Bollywood actors. In ...

OPEC expects oil inventories to drop by about 400 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical meeting on Tuesday, two OPEC+ sources said.

The COVID-19 pandemic has reshaped the global travel landscape and U.S. no-frills carriers are pouncing.