WASHINGTON, DC: US retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession triggered by the COVID-19 pandemic was over or drawing to an end. The report from the Commerce Department on Tuesday ......
WASHINGTON, DC: US bank profits fell by 69.6 per cent to US$18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to data from a banking regulator. The Federal Deposit Insurance Corporation reported that ...
NEW YORK: Wall Street stocks surged on Tuesday (Jun 16) following better-than-expected US retail sales data that boosted hopes the economy will recover more quickly than some economists expect. The Dow Jones Industrial Average climbed 2.04 per cent, gaining 526.82 points, to close at 26,289.98 ...
German investor Heinz Hermann Thiele has raised his stake in Lufthansa , which this month agreed to a state bailout, to more than 15per cent from 10per cent, he told newspaper Frankfurter Allgemeine Zeitung in an interview.
After 15 years working as a hair stylist in other people's salons, Gary Connell opened his "Healthy Hair" studio in Montgomery County, Maryland in early March, sinking his savings into a two-chair shop in a busy mall.
U.S. lawmakers introduced a bipartisan bill on Tuesday that would reform aircraft certification following two fatal Boeing Co 737 MAX crashes, Senators Roger Wicker and Maria Cantwell said in a joint statement accompanying the proposal.
A U.S. appeals court ruled on Tuesday that the Securities and Exchange Commission cannot force stock exchanges to conduct a costly experiment to see how the fees they charge and the incentives they offer affect brokers' trading habits.
German fashion house Hugo Boss has appointed former Tommy Hilfiger boss Daniel Grieder as its next chief executive, it said on Tuesday.
REUTERS: U.S. lawmakers introduced a bipartisan bill on Tuesday that would reform aircraft certification following two fatal 737 MAX crashes, U.S. Senators Roger Wicker and Maria Cantwell said in a joint release. Top Republicans and Democrats on the U.S. Senate commerce committee struck a deal on ...
Top officials from Facebook, Google and Twitter will appear before U.S. lawmakers on Thursday at a hearing to discuss foreign influence and election security, the House Intelligence Committee said in a statement.
