Asian stocks set to slip on coronavirus fears, vaccine timing
Asian equities were set to pull back on Wednesday as heightened concerns about coronavirus infections and the timing for a vaccine outweighed the lift from rebounding oil prices and upbeat corporate earnings in Europe.
The U.S. needs more fiscal help to fight coronavirus, Fed officials say
U.S. businesses and households are going to need more fiscal support to get through what will likely be a longer period of recovery from the coronavirus shutdown than initially expected, Federal Reserve policymakers said on Tuesday.
Resurgent Wall Street disconnected from reality on the ground
With the U.S. economy facing its potentially deepest economic decline in nearly a century, Wall Street is pulling further and further ahead from Main Street.
U.S. federal court tells SEC, Justice Dept to review RBS whistleblower case
The U.S. Justice Department and Securities and Exchange Commission must review whether an ex-Royal Bank of Scotland employee is owed a whistleblower payout and provide documents relating to his case, a federal U.S. court said on Tuesday.
Uber approaches Grubhub with acquisition offer: sources
Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter.
U.S. attorneys seek Amazon data on coronavirus-linked worker deaths, infections
A group of 13 U.S. attorneys general on Tuesday asked Amazon.com Inc to provide data on coronavirus-related deaths and infections among its workforce, along with evidence of the company’s compliance with paid sick leave laws.
Fed’s Quarles defends decision to let banks maintain dividends
A senior Federal Reserve official on Tuesday defended before Congress the central bank’s decision to allow lenders to continue issuing dividends, even as the regulator seeks permission from lawmakers to further relax capital rules.
Exclusive: U.S. airlines tell crews not to force passengers to wear masks
The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new policy requiring face coverings, just encourage them to do so, according to employee policies reviewed by Reuters.
KKR leads $43 million investment round in Slice pizza platform
U.S. private equity firm KKR & Co Inc said on Tuesday it led an investor group making a $43 million investment in Slice, an online delivery platform for local pizza shops across the country.
S&P 500 tumbles on fears of virus resurgence in economic reopening
The S&P 500 dropped 2% on Tuesday as investors took profits following a warning from the top U.S. infectious disease expert that premature moves to reopen the nation’s economy could lead to novel coronavirus outbreaks and set back economic recovery.
