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Markets

Investors raise cash as US recovery wobbles; options strategies profit

Investors are preparing their portfolios for a potentially rocky patch in U.S. stocks, worried that a dramatic rebound in equities may stall amid dimming economic data and rising political uncertainty.

Markets

India’s Tata Motors posts major loss as lockdowns hit sales

India's Tata Motors on Friday reported a major quarterly loss as coronavirus lockdowns hit sales in domestic and international markets including Europe and China.

Markets

Outlook for US value stocks uncertain with cloudy economic picture

After a rally led by growth companies that has left the S&P 500 index roughly 4per cent from setting a new record high, the window of opportunity for value stocks to take leadership on Wall Street, as has often happened in the past, may be closing.

Markets

Apple tops Saudi Aramco as most valuable publicly listed company

Apple Inc's stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world's most valuable publicly listed company.

Markets

Google says 20 US states ‘exploring’ contact tracing apps

Alphabet Inc's Google said on Friday that 20 U.S. states and territories, representing about 45per cent of the country's population, are "exploring" contact tracing apps for the novel coronavirus using a tool it developed with Apple Inc .

Markets

US consumer spending presses ahead; declining income poses challenge

US consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in COVID-19 cases and the end of expanded unemployment benefits.

Markets

GM partners with EVgo to add 2,700 new fast chargers in U.S

REUTERS: General Motors Co has partnered with electric vehicle charging station provider EVgo to add 2,700 new fast chargers, which can be accessed by the general public in the United States over the next five years, the automaker said on Friday. The move comes as GM is expected to...

Markets

Tesla demand remained strong during pandemic with consumers shopping online – Musk

Tesla Inc Chief Executive Elon Musk in a podcast released on Friday said that demand for the company's electric vehicles remained strong throughout the coronavirus pandemic, with consumers preferring to shop online instead of crowding into dealership shops.

Markets

Southwest supports union push for second airline bailout, CEO says

Southwest Airlines supports union efforts to convince lawmakers to extend the US$32 billion U.S. payroll support program for airlines, airports and contractors set to expire in September, for another six months, Chief Executive Gary Kelly said in a video message to employees.

Markets

Twitter bans account of former KKK leader David Duke

Twitter Inc said on Friday it has permanently suspended the account of David Duke, a former leader of the white supremacist group Ku Klux Klan, as the social media company tries to curb the spread of hateful content on its website.

Markets

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