Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent coronavirus pandemic.
Microsoft may find itself in EU antitrust regulators' crosshairs yet again after U.S. workspace messaging app Slack Technologies Inc complained about the company embedding its workplace chat and video app Teams in its Office product.
The U.S. Senate Committee on Homeland Security and Governmental Affairs voted unanimously on Wednesday to approve a bill from Republican Senator Josh Hawley that would ban federal employees from using social media app TikTok on government-issued devices.
Tesla Inc's shares extended their rally on Wednesday ahead of a quarterly report from the electric car maker that might clear the way for it to join the S&P 500 and attract over US$40 billion in new demand for the stock.
United Airlines expects its daily cash burn rate to slow to between US$15 million and US$20 million in the fourth quarter, depending on the pace of a recovery in demand, executives said on a conference call on Wednesday.
The U.S. securities regulator on Wednesday is poised to finalize new restrictions on firms which advise investors on how they should vote in corporate elections, following a years-long battle between corporate lobbyists and governance activists over the proposed rules.
United Airlines expects to be able to halt a daily cash burn rate that averaged US$40 million in the second quarter once it reaches a point in which sharp falls in demand and flight capacity have slowed to a roughly 50per cent decline.
French authorities have told telecoms operators planning to buy Huawei 5G equipment that they won't be able to renew licences for the gear once they expire, effectively phasing the Chinese firm out of mobile networks, three sources close to the matter said.
U.S. home sales increased by the most on record in June, boosted by historically low mortgage rates, but the outlook for the housing market is being clouded by low inventory and high unemployment amid the COVID-19 pandemic.
LONDON: Irish no-frills airline Ryanair plans to close its Frankfurt-Hahn base in Germany - and other hubs could follow after German pilots voted against pay cuts, it emerged on Wednesday (Jul 22). Ryanair, which is seeking to axe 3,000 jobs due to a coronavirus-induced collapse in travel demand ...
