Stocks waver on rising COVID cases, dollar in safety bidding
Global equity markets closed little changed on Wednesday as a rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions...
Safe-haven dollar lifted by rise in coronavirus cases
The U.S. dollar was slightly higher on Wednesday afternoon as evidence of a surge in coronavirus cases in some U.S. states and in Beijing sent...
Americans face new coronavirus challenge: a shortage of coins
Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with...
Google sets 2025 goal for leadership diversity, curbs on racial profiling
Alphabet Inc’s Google on Wednesday announced new goals and policies to address racial issues at its offices, as protests over police brutality against African Americans...
S&P closes lower as new COVID-19 cases surge
The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor...
U.S. government proposes rolling back protections for big tech
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet’s Google and Facebook have had...
Hertz suspends share sale after U.S. SEC raises objections
Bankrupt Hertz Global Holdings Inc on Wednesday suspended its plan to sell up to $500 million in new shares after the U.S. Securities and Exchange...
Amazon launches Saudi Arabia shopping site despite CEO’s dispute with kingdom
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and...
Stocks gain on recovery hopes, dollar on safe-haven bid
A gauge of global equities edged higher on Wednesday, adding to the prior day’s rally on economic and vaccine hopes, while fresh coronavirus outbreaks and...
U.S. trade chief vows to push for ‘broad reset’ at WTO
The Trump administration will push for a broad reset of “outdated tariff determinations” at the World Trade Organization to fix what it sees as years...