Markets

LONDON: Thousands of British customers of Vodafone Group Plc , the world's second-biggest mobile operator, faced call connection problems on Tuesday (Jun 9) evening, although they were resolved within an hour. At the peak of the issue, the number of cases in the UK of customers struggling to make...

NEW YORK: The Nasdaq powered to its second straight daily record on Tuesday (Jun 9) but elsewhere on Wall Street stocks retreated, with the S&P 500 and Dow Jones Industrial Average closing lower. The tech-rich Nasdaq reached its latest all-time high of 9,953.75 at the closing bell, a gain of...

WASHINGTON: Boeing Co deliveries worsened even further in May compared to April as the coronavirus pandemic's crushing impact on airlines added to a year of crisis following the grounding of its 737 MAX planes, company data showed on Tuesday (Jun 9). The US plane manufacturer said it handed over ...

WASHINGTON: The US Federal Communications Commission voted on Tuesday (Jun 9) to adopt auction procedures to provide up to US$16 billion to areas that lack broadband service, including nearly 6 million unserved rural homes and businesses. The FCC voted to commence the auction on Oct 29. Auction ...

NEW YORK: Morgan Stanley Chief Executive Officer James Gorman said on Tuesday (Jun 9) the bank expects to set aside a smaller amount of money for potential loan losses in the current quarter, compared with the first quarter. "The worst is behind us," Gorman said regarding the bank's reserve...

WASHINGTON, DC: Layoffs in the United States fell in April, but remained the second highest on record, while hiring hit an all-time low, suggesting the labor market could take years to recover from the COVID-19 crisis despite a surprise rebound in employment in May. The report from the Labor...

U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.

The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden.

Morgan Stanley Chief Executive Officer vf DEsaid on Tuesday the bank expects to set aside a smaller amount of money for potential loan losses in the current quarter, compared with the first quarter.

U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.