Did elite David Boies law firm get a pandemic bailout? It’s a secret
When the U.S. government announced a multibillion-dollar bailout of struggling small businesses amid the coronavirus pandemic, one of the top U.S. law firms sensed an...
Futures jump on stimulus hopes ahead of retail sales report
U.S. stock index futures jumped on Tuesday on hopes that aggressive fiscal and monetary stimulus would kick start an economy crushed by the COVID-19 pandemic,...
Cerberus vows no let up in push for change at Commerzbank
Cerberus will use “alternative paths” to force leadership change at Commerzbank if it continues to resist calls to reform, the activist investor said in a...
Fed bolsters credit market support with latest launch
The New York Federal Reserve’s planned launch on Tuesday of a bond-buying facility could help ease the potential stigma for companies of asking for help...
Fed’s Powell set to reiterate long U.S. economic recovery, call for more fiscal support
Federal Reserve Chair Jerome Powell on Tuesday begins the first of two days of testimony before U.S. lawmakers in which he will map out how...
Oil prices rise on supply cuts, improving demand
Oil prices rose on Tuesday, with Brent crude rising above $40 a barrel, as the IEA increased its oil demand forecast for 2020 and as...
Stimulus splurge restarts stocks rally
The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a...
Oil prices edge higher as supply cut hopes outweigh coronavirus resurgence fears
Oil prices made marginal gains on Tuesday, reversing out of earlier losses, as hopes for further cuts in crude supplies took the sting out of...
SoftBank-backed ride-hailing firm Grab announces layoffs
Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus....
U.S. expected to report record rise in monthly retail sales
U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a...