Brent rises on easing lockdowns, U.S. crude falls amid storage shortage
Oil prices fell on Tuesday with U.S. crude leading the decline, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production.
Bayer board wins back shareholder support as weedkiller talks continue
Bayer’s executive board won a clear vote of confidence from shareholders on Tuesday, following a rebuke last year over the handling of lawsuits related to a weedkiller.
Forget 2020: stock market optimists look at 2021 for buy signals
Shrugging off reams of terrible economic data, plunging oil prices and dire corporate results, world stocks have recouped around half of this year’s coronavirus-linked losses as investors flip over their calendars to bet on a strong recovery in 2021.
U.S. senator urges criminal probe of Amazon.com ‘predatory data practices’
Senator Josh Hawley urged the Justice Department on Tuesday to open a criminal probe of Amazon.com Inc, saying the online retailer was building a monopoly using “predatory data practices” on vendors using its platform.
Southwest cuts Boeing jet deliveries after first quarterly loss in nine years
Southwest Airlines Co said on Tuesday it has agreed with Boeing Co to sharply cut its 737 MAX delivery schedule through 2021 and is reviewing its order book as the coronavirus pandemic caused its first quarterly loss in nine years.
Harley boosts cash reserves as coronavirus hits demand
Harley-Davidson Inc slashed its dividend and halted share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycle demand in the first quarter.
U.S. consumer confidence, exports sink amid coronavirus disruptions
U.S. consumer confidence tumbled to near a six-year low in April as tough measures to curb the spread of the novel coronavirus sharply disrupted economic activity and threw millions of Americans out of work.
H&M set to permanently close eight shops in Italy
Sweden’s H&M is set to permanently close eight of its Italian stores, including two in the country’s fashion capital Milan, as it pushes ahead with plans that pre-date the COVID-19 pandemic.
Bayer board wins shareholder vote of approval at AGM
Bayer’s executive board won a clear vote of confidence from shareholders at Tuesday’s annual general meeting, following a rebuke a year earlier.
S&P 500, Nasdaq retreat as pandemic damage mounts
The S&P 500 and Nasdaq erased early gains on Tuesday as a plunge in consumer confidence underlined the extent of the economic damage from the coronavirus pandemic, while healthcare stocks slumped after a sales warning from Merck.
