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Markets

Daimler second quarter EBIT loss less than expected

Daimler on Thursday said it will post an operating loss of 1.68 billion euros (US$1.91 billion) in the second quarter, pre-releasing earnings following a better than expected market recovery, the carmaker said.

Markets

Virus surges. Work hours plateau. US may be flattening the wrong curve

The U.S. economic recovery showed signs of plateauing last week as the country battled rising coronavirus case counts and an increasingly fractured government response, according to data from a broad set of industry and government sources.

Markets

Wall Street dips on fears over rising COVID-19 cases, tech weighs

The S&P 500 dipped from a five-week high on Thursday, pulled lower by Microsoft Corp and Apple Inc , as concerns about the economic toll from rising coronavirus cases were heightened by data showing elevated levels of unemployment claims.

Markets

Rejected Bridgewater trade secrets claim started as a guess: ruling

A senior Bridgewater Associates LP executive was only making a guess that former employees used trade secrets to compete against the world's largest hedge fund firm, according to an arbitration ruling made public on Thursday that rejected the firm's claim.

Markets

TikTok to operate as a US company, White House adviser says

White House economic adviser Larry Kudlow told reporters such a move would be a better option than a ban on the app, which was threatened by State Department Secretary Mike Pompeo against the company earlier this month.

Markets

Negative US rate bets persist, but seen unlikely to happen

Negative U.S. interest rates could be the norm next year and all through to 2023 if fed funds futures are any indication. Or it could just be traders hedging their bets.

Markets

Explainer: US Congress readies US$740 billion defense bill covering far more than bullets

The National Defense Authorization Act, which sets policy for the U.S. Defense Department, is one of the only major bills to reliably pass Congress and be signed into law every year.

Markets

FBI leads search for hackers who hijacked Twitter accounts, scammed bitcoins

The Federal Bureau of Investigation is leading an inquiry into the Twitter hacking, according to sources familiar with the situation, as more Washington lawmakers raised alarms about the breach of high-profile accounts on the social media platform.

Markets

Exclusive: US FBI is leading an inquiry into the Twitter hack, sources say

The U.S. Federal Bureau of Investigation is leading a federal inquiry into the Twitter hacking, two sources familiar with the situation said, after hackers seized control of accounts belonging to Joe Biden, Kim Kardashian and others in what appeared to be a bitcoin scam.

Markets

Twitter delays launch of new API software following hack

Twitter Inc said on Thursday it is delaying the launch of its new Application Programming Interface (API) following the recent hack of several high-profile accounts.

Markets

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