Investors brace for market swings as Trump slips in election polls
The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden.
Stocks mixed as investors step back from highs
A recent run of optimism in markets hit the brakes on Tuesday, as investors pulled back from major stock indices and turned their attention to safe-haven assets like gold.
Morgan Stanley’s Gorman says worst behind, sees smaller reserve build in second quarter
Morgan Stanley Chief Executive Officer James Gorman said on Tuesday the bank expects to set aside a smaller amount of money for potential loan losses in the current quarter, compared with the first quarter.
Explainer: What to look for in the Fed’s U.S. economic outlook
U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for th…
U.S. layoffs ease in April; hiring slumps to record low
Layoffs in the United States fell in April, but remained the second highest on record, while hiring hit an all-time low, suggesting the labor market could take years to recover from the COVID-19 crisis despite a surprise rebound in employment in May.
FCC proposes record $225 million fine for massive robocall campaign
The Federal Communications Commission on Tuesday voted unanimously to propose a record-setting $225 million fine against Texas-based health insurance telemarketers for allegedly making approximately 1 billion illegal robocalls.
Volkswagen CEO apologises after row with supervisory board
Volkswagen CEO Herbert Diess has apologised to the carmaker’s supervisory board after accusing some of its members of leaking confidential information to the press.
Macy’s says return to normal business at least a year away
Macy’s Inc warned on Tuesday its business was not likely to return to normal until late next year, even as it saw better-than-expected sales from stores reopening after COVID-19 lockdowns were lifted across the United States.
Barclays labels Staveley lawsuit ‘distorted and exaggerated’
Barclays has dismissed as “distorted and exaggerated” legal arguments by financier Amanda Staveley, who is claiming up to 1.5 billion pounds in damages for alleged deceit over a financial crisis-era fundraising in a high-profile London trial.
Oil steady as renewed demand fears face production curbs
Oil prices were little changed on Tuesday, as traders said concerns about a resurgence in coronavirus cases offset recent commitments from major oil producers to curb production.
