The current rise in COVID-19 infections in the United States may not dent the recovery too much, Chicago Federal Reserve Bank President Charles Evans said on Tuesday, adding that he remains "reasonably optimistic" U.S. unemployment will fall to 5.5per cent by the end of next year.
Goldman Sachs has sent some staff home from its London office after two employees tested positive for COVID-19.
The U.S. government stepped up an offensive on Tuesday to keep China's Huawei Technologies out of Brazil's 5G market, with Washington offering to finance purchases by Brazilian telecom companies of equipment from its competitors.
Wall Street's main indexes climbed on Tuesday on growing signs that U.S. lawmakers were making headway in their talks over stimulus to support an economic recovery from the impact of the COVID-19 pandemic.
The US Department of Justice and 11 states filed their long-awaited competition lawsuit against Google on Tuesday (Oct 20).
The U.S. Justice Department filed an antitrust lawsuit against Alphabet Inc's Google on Tuesday, accusing the US$1 trillion company of illegally using its market power to fend off rivals and said nothing was off the table, including a breakup of the internet search and advertising company.
Alphabet Inc's Google said the U.S. Justice Department's antitrust lawsuit against the company was "deeply flawed" and that users would find it more difficult to access superior search tools and affordable smartphones if the government wins its case.
Volkswagen Group is hosting preliminary talks with potential bidders for its Ducati brand to gauge potential interest in the motorcycle maker ahead of a November planning round, three people familiar with the matter told Reuters.
Wall Street expects U.S. automakers to report strong results for the third quarter, as a recovery in sales after this year's initial coronavirus lockdowns tightens inventory for an industry watching cases in Europe and the United States rise.
Tesla will this month begin exporting cars to Europe that are made at its new factory in Shanghai, the fast-growing US electric carmaker has announced.
