Markets

Tesla's Chief Executive Officer Elon Musk is "a genius who defies common sense and can be overly optimistic," Panasonic's CEO said on Tuesday, as the Japanese firm cautiously moves to expand a battery partnership with the U.S. carmaker.

U.S. hiring surged to a record high in May and layoffs declined as businesses reopened, but the signs of improvement in the labor market have been overshadowed by a resurgence in COVID-19 cases that has forced some enterprises to shut down again.

The world's top oil and gas companies locked in cheap borrowing rates to raise a record amount of debt in the second quarter of 2020 and boost cash reserves as a buffer against a collapse in revenues because of COVID-19.

LONDON: Century bonds and green bonds, the first 20-year U.S. Treasury issue in decades, securities for mom-and-pop investors and with growth-linked payouts - a borrowing binge is forcing governments to think creatively to get the funds they need. Net bond issuance from the United States, euro ...

The surge in U.S. coronavirus cases has made business owners "nervous again," Atlanta Federal Reserve president Raphael Bostic said on Tuesday, and has prompted him to focus on company decisions over the next three to six weeks.

Zoom Video Communications Inc said on Tuesday it launched a hardware subscription service, seeking to make its teleconferencing app more accessible to users by allowing them to choose subscription options for phones and meeting rooms.

Regeneron Pharmaceuticals Inc said on Tuesday the U.S. government signed a US$450 million contract with the drugmaker to make and supply its potential double antibody cocktail for COVID-19.

Central bank firepower helped stock market bulls finish the first half of 2020 on a high. Now the rally hinges on follow-through in the third-quarter from economic data, company earnings and the coronavirus newsflow.

Deutsche Bank AG has agreed to pay US$150 million in penalties to settle charges by a New York state regulator that the bank suffered from "significant" compliance failures in its relationships with the late financier Jeffrey Epstein, Danske Bank Estonia and FBME Bank.

Five additional U.S. airlines - Alaska Airlines, Delta Air Lines, JetBlue Airways, United Airlines and Southwest Airlines - have taken steps to seek federal loans amid the novel coronavirus outbreak, the U.S. Department of Treasury said on Tuesday.