Markets

Three of 10 Americans who lost work during the coronavirus pandemic said they may have trouble paying for food or housing after a US$600-per-week enhanced unemployment payment expired last month, according to a Reuters/Ipsos poll released on Wednesday.

Goldman Sachs Group Inc is looking to buy General Motors Co's credit card unit, which has about US$3 billion in outstanding balances, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

SEATTLE: Microsoft on Wednesday (Aug 12) said the Surface Duo, its dual-screen smartphone powered by Alphabet Inc's Android operating system, will start at a price of US$1,399 and arrive in stores beginning Sep 10. The Surface Duo folds closed like a book. Unlike devices such as Samsung ...

The slowdown in economic activity is likely to continue as states put more restrictions in place to control the virus, and the momentum to return to full employment could fade as consumers remain cautious, Boston Federal Reserve President Eric Rosengren said Wednesday.

U.S. consumer prices increased more than expected in July, but high unemployment is likely to keep inflation under control, allowing the Federal Reserve to continue pumping money into the economy to aid the recovery from the COVID-19 recession.

Tencent's chief financial officer said on Wednesday that the firm understood that the U.S. executive order was focused on its WeChat app in the United States and not on its other businesses in the country.

Saudi Aramco plans to cut its capital spending to a range of US$20 billion to US$25 billion this year to pay a US$75 billion dividend it pledged to investors during its initial public offering last year, the Financial Times reported on Wednesday, citing people familiar with the matter.

Wall Street analysts praised Tesla Inc's move to split its richly valued stock into smaller chunks, saying it had the potential to extend a 200per cent rally in its shares this year by making it easier for retail investors to hold the stock.

SINGAPORE: Singapore Airlines (SIA) is offering its cabin crew members the option of early release or retirement, as it seeks to further cut costs and mitigate the impact of the COVID-19 outbreak. The COVID-19 Voluntary Release Scheme is also open to cabin crew members who are on probation, and...

Brazil is amassing a record debt that has evoked memories of crises past in South America's largest economy, but some economists say rock-bottom interest rates and low foreign debt mean the government can continue to spend its way out of recession.