Markets

SILVER SPRING, Maryland: US consumer confidence dipped slightly in October as a new wave of COVID-19 cases began across the country. The Conference Board reported Tuesday that its consumer confidence index fell to a reading of 100.9, from 101.8 in September. Consumer spending accounts for 70 per ...

New orders for key U.S.-made capital goods rose more than expected in September, wrapping up a quarter of potentially record growth in business spending and the economy, thanks to fiscal stimulus aimed at softening the blow from the COVID-19 pandemic.

AMC Entertainment Holdings Inc said on Tuesday it plans to reopen eight theaters in California, one of its key markets, providing some much needed hope to an industry that has been hammered by the COVID-19 pandemic.

Canada's NorthStar Earth & Space and Thales Alenia Space said on Tuesday they will begin work on a commercial satellite system to combat the threat of collisions in space.

When the coronavirus pandemic slammed the United States in March, the Detroit Three automakers shut their plants and brought their North American vehicle production to an unprecedented cold stop.

Semiconductor designer Advanced Micro Devices Inc (AMD) said on Tuesday it would buy Xilinx Inc in a US$35 billion all-stock deal, intensifying its battle with Intel Corp in the data center chip market.

Harley-Davidson Inc reported a 9.8per cent drop in quarterly revenue on Tuesday as global motorcycle demand struggles to pick up from the COVID-19 induced lockdowns.

Earlier this year, a flood of major U.S. companies pledged to address racial inequality and promote social justice after Minneapolis police killed George Floyd, a Black man, setting off protests across the country.

Caterpillar Inc on Tuesday reported lower third-quarter earnings as equipment sales fell across all three primary segments.

Merck & Co Inc on Tuesday reported a 54.7per cent rise in third-quarter profit, helped by strong sales of blockbuster cancer drug Keytruda and rebound in sales of its key drugs.