Markets

Microsoft Corp beat Wall Street estimates for quarterly revenue on Tuesday, as the software giant continued to benefit from a global shift to work and learning from home.

Chevron Corp will lay off about 25 per cent of Noble Energy's employees who joined the oil major after its US$4.1 billion purchase of the smaller rival earlier this month, the company told Reuters on Tuesday.

Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.

Consumer confidence dropped sharply in October in three U.S. states considered crucial for Republican President Donald Trump's re-election as fears about the economy's outlook mounted, according to a survey on Tuesday.

Payment processor Visa Inc's US$5.3 billion deal to buy fintech startup Plaid Inc is facing antitrust scrutiny at the U.S. Justice Department, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Chevron Corp will lay off about 25per cent of Noble Energy's employees who joined the oil major after its US$4.1 billion purchase of the smaller rival earlier this month, the company told Reuters on Tuesday.

WASHINGTON: The chief executives of Twitter Inc, Facebook and Alphabet Inc will tell U.S. lawmakers at a hearing on Wednesday that a federal law protecting internet companies is crucial to free expression on the internet, according to written testimonies from the companies seen by Reuters. Section ...

Home-rental startup Airbnb Inc plans to list its shares on the Nasdaq, setting the stage for one of 2020's most high-profile stock market debuts.

WASHINGTON: The Federal Communications Commission voted 3-2 on Tuesday to leave the 2017 repeal of landmark net neutrality rules unchanged even after a U.S. court directed a review of some provisions. A federal appeals court in October 2019 largely upheld the FCC’s December 2017 repeal of net ...

US jeweller Tiffany & Co and French luxury goods giant LVMH are in indirect talks to settle their dispute over a US$16 billion takeover deal, CNBC reported on Tuesday, citing people familiar with the matter.