Wall Street dips on risks linked to reopening of economy
The S&P 500 slipped 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.
Logitech sales surge as locked-down families, workers stay connected
Logitech International reported a big jump in sales of computer products during its fourth quarter on Tuesday as more people worked from home and families turned to technology to keep in touch during the coronavirus crisis.
Trump again urges Fed to adopt negative U.S. interest rates
President Donald Trump on Tuesday again pushed the Federal Reserve to adopt negative interest rates, even as several members of the U.S. central bank have said they do not see a need for rates – now near zero – to move into negative territory.
Equities inch higher, bonds dip, on hopes for recovery
World equity markets inched higher and safe-haven bonds fell on Tuesday as stronger economic data from China and upbeat corporate earnings in Europe overshadowed concerns about a potential second wave of coronavirus infections.
Morgan Stanley pays $5 million fine to settle SEC charges it misled investing clients
A unit of Morgan Stanley agreed to pay a $5 million fine to settle U.S. Securities and Exchange Commission charges it misled retail investing clients about the costs of a “wrap fee” program, the regulator said on Tuesday.
German watchdog investigates payments company Wirecard
Germany’s financial watchdog BaFin said on Tuesday it was conducting multiple investigations into Wirecard , sending its shares lower and adding to pressure over allegations it has denied.
Wall Street opens higher on hopes of economic recovery
U.S. stocks opened higher on Tuesday on hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy, with investors also weighing the risks of reopening too soon.
Thyssenkrupp in informal talks about warship unit consolidation
Thyssenkrupp is in informal talks about consolidation in the shipbuilding sector, its finance chief said on Tuesday, responding to speculation that the group might sell parts of its Marine Systems (TKMS) unit or merge it with rivals German Naval Yards…
U.S. consumer prices post biggest decrease 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 people stayed home during the coronavirus crisis.
Stocks rally grinds on as virus and trade nerves linger
Europe’s share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China’s economy kept worries about a potential second wave of coronavirus infections at bay.
