Analysts have lifted their first-quarter profit growth forecast for European listed companies to 42.7per cent from the 41per cent that was expected last week, according to the I/B/E/S Refinitiv data, as the region's recovery from the COVID-19 downturn gathers pace.
The United States could face financial stress even as the pandemic eases if homeowners and businesses fall behind on mortgages and business leases while the economy recovers, Kansas City Federal Reserve President Esther George said on Tuesday.
Goldman Sachs Group Inc is launching an automated wealth-management platform to invest customer funds across managed portfolios made up of exchange trade funds for stocks and bonds, the bank said on Tuesday.
Major bitcoin corporate backer MicroStrategy will borrow US$600 million to buy more of the currency, it said on Tuesday, as the cryptocurrency surged past US$50,000 in a rally fueled by wider acceptance among investors.
Several companies, including FedEx Corp and General Motors Co, have taken a hit from bone-chilling weather that has gripped parts of the United States, causing power outages and gas shortages.
A federal judge on Tuesday ruled against Citigroup Inc in the bank's battle to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon Inc, the struggling cosmetics company.
A federal judge on Tuesday ruled against Citigroup Inc in the bank's battle to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon Inc, the struggling cosmetics company.
CVS Health Corp said on Tuesday it would return to selling individual health insurance plans that offer Affordable Care Act premium subsidies next year, saying the market had stabilized.
Oil and gas producers Occidental Petroleum and Pioneer Natural Resources have pushed back their fourth-quarter earnings announcements, citing impacts from the harsh winter weather occurring across Texas.
German sportswear maker Adidas AG said on Tuesday it plans to divest the underperforming brand Reebok that it failed to revive 15 years after buying the U.S. fitness label to help compete with archrival Nike Inc.
