JPMorgan gets China’s nod for first fully foreign-owned futures business
China on Thursday approved JPMorgan’s application to operate the first fully foreign-owned futures business, as the world’s second-largest economy pushes ahead with opening its multi-trillion-dollar...
Stocks drift as second wave virus fears mount
Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the...
Oil prices tick up amid mixed signals from U.S. data
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their...
PepsiCo drops Aunt Jemima branding; Uncle Ben’s, others under review
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup which have been criticized...
Oil prices fall as surge in coronavirus cases raises demand concerns
Oil prices fell around 1% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that a recovery...
U.S. weekly jobless claims remain high, second wave of layoffs blamed
A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that...
Glass Lewis joins ISS in opposing Tesla chairwoman’s re-election to board
Glass Lewis said on Thursday that it urged Tesla Inc investors to vote against re-electing Chairwoman Robyn Denholm to the company’s board, making it the...
Global stocks retreat on rising second wave fears
Asian stocks and Wall Street futures fell on Wednesday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global...
Dollar and yen gain on worries about virus and economic outlook
The dollar and the yen edged higher on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for both currencies....
Asian stocks set to fall as Wall St. snaps three-day winning streak
Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier...