Stock market rally pauses, bonds edge higher on fears of second virus wave
World equity markets slid and safe-haven bonds climbed on Tuesday as rising concerns about a second wave of coronavirus infections outweighed stronger economic data from China and upbeat corporate earnings in Europe.
Twitter to let some employees to work from home permanently
Twitter Inc on Tuesday became the first major tech company to allow employees who can work remotely to do so indefinitely, as the coronavirus outbreak forces unprecedented changes in work culture across the world.
S&P 500 ends lower on fears of virus resurgence in economic reopening
The S&P 500 closed lower after a choppy session 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.
U.S. reports record $738 billion budget deficit in April
The United States on Tuesday reported a record $738 billion budget deficit in April as an explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic pushed it deeply into the red.
U.S. posts record $738 billion budget deficit in April
The United States on Tuesday reported a record $738 billion budget deficit in April, as an explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic put it deeply into the red.
S&P 500 edges lower on risks linked to economy reopening
The S&P 500 dipped in choppy trading on Tuesday as the risks of reopening the economy too soon overshadowed hopes of a jump-start to a battered global economy, following an easing of virus-led business shutdowns.
Coronavirus crisis leads to largest U.S. consumer price decline since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis.
U.S. attorneys general ask Amazon for data on COVID-19-linked worker deaths, infections
A group of 13 U.S. attorneys general asked Amazon.com on Tuesday to provide data on coronavirus-linked infections and deaths among its workforce, along with evidence of the company’s compliance with paid sick leave laws.
Uber approaches GrubHub with takeover offer: source
Uber Technologies Inc is in advanced talks to buy online food delivery company GrubHub Inc in an all-stock deal, according to a person familiar with the matter.
China working to fulfil pledge on U.S. purchases despite import slowdown: sources
China is committed to its Phase 1 trade deal with the United States and is working towards meeting its promise to boost U.S. purchases, even though the pace of buying has been restrained by the coronavirus outbreak, three Chinese sources said.
