Markets

Executives at the top US banks warned investors this week that 2020 revenue will be lower than expected due to weak loan demand and an uptick in repayments during the coronavirus pandemic.

Kohl's Corp said on Tuesday it has cut about 15per cent of its corporate jobs as the department store operator looks to save cash at a time when the COVID-19 pandemic hammers its business.

REUTERS: U.S. package delivery company FedEx Corp posted a 13.5per cent rise in quarterly revenue on Tuesday, boosted by an increase in domestic residential shipments during the COVID-19 pandemic. Adjusted net income rose to US$1.28 billion, or US$4.87 per share, in the first quarter ended Aug ...

President Donald Trump and top U.S. officials were to meet at the White House on Tuesday to consider a proposal by China's ByteDance to keep majority ownership of its popular TikTok video app, people familiar with the matter said.

Families of Boeing 737 MAX crash victims are urging U.S. lawmakers to ensure the planemaker is held accountable for accidents that together killed 346 people by blocking a key legal defense, according to a letter sent on Tuesday and seen by Reuters.

JPMorgan Chase & Co sent some of its Manhattan workers home this week after an employee in equities trading tested positive for COVID-19, Bloomberg news reported on Tuesday, citing a person familiar with the matter.

Britain offered tentative concessions on fisheries in trade talks with the European Union last week, two diplomatic sources told Reuters, just as London was publicly threatening to breach the terms of its divorce deal with the bloc.

Goldman Sachs Group Inc promoted Kim Posnett to co-head of its global investment banking services unit, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-09-15/goldman-names-kim-posnett-co-head-of-investment-banking-services?srnd=technology-vp on Tuesday, citing an internal memo.

The parent of Dunkin' Donuts on Tuesday agreed to upgrade its security protocols and pay US$650,000 in fines and costs to settle a lawsuit by New York's attorney general claiming it ignored cyberattacks that compromised the online accounts of tens of thousands of customers.

NEW YORK: The parent of Dunkin' Donuts on Tuesday (Sep 15) reached a settlement with New York Attorney General Letitia James to resolve claims it failed to respond to "brute force" cyberattacks that compromised the online accounts of tens of thousands of customers. James said the settlement ...