U.S. existing home sales dive; prices still strong
U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought...
U.S. could see biggest ever second-quarter GDP decline: White House adviser Hassett
White House economic adviser Kevin Hassett said on Tuesday the current dip of negative oil prices is due to a “very short-run thing” – the...
UK made a firm decision on Huawei in 5G: foreign ministry’s top official
Britain’s government made a firm decision to allow China’s Huawei to have a role in building the country’s 5G phone network and as far as...
Chinese EV maker BYD profit down 42% in 2019, under pressure from subsidy cut
Chinese electric vehicle maker BYD Co Ltd , , which is backed by U.S. investor Warren Buffett, on Tuesday reported a 41.9% drop in 2019...
Battered consumer confidence to slow airlines’ recovery: IATA
Faltering consumer confidence will slow the recovery of air travel once coronavirus restrictions end, the sector’s main global body warned on Tuesday, citing bleak new...
Coronavirus lockdowns to hurt Coca-Cola’s second quarter sales
Coca-Cola Co said on Tuesday its expected current-quarter results to take a hit as restaurants, theaters and other venues that represent about half of the...
Oil giveaway brings out the bears
The crash in U.S. crude prices has turned a reliable commodity less than worthless and given fresh urgency to bearish voices, who say it sounds...
Oil hits two-decade lows on low demand, storage woes
Benchmark Brent and U.S. oil futures for June delivery plunged to around two-decade lows on Tuesday, a day after U.S. May futures sank into negative...
U.S. existing home sales tumble in March
U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought...
Wall Street opens lower as U.S. crude collapse adds to pandemic worries
U.S. stocks opened lower for a second straight day on Tuesday as a historic crash in U.S. crude prices to below zero and gloomy quarterly...