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...
Morgan Stanley’s Gorman says worst behind, sees smaller reserve build in second quarter
Morgan Stanley Chief Executive Officer vf DEsaid on Tuesday the bank expects to set aside a smaller amount of money for potential loan losses in...
S&P 500, Dow retreat after rally; Nasdaq gains further
Wall Street’s S&P 500 and Dow Jones indexes fell on Tuesday, while the tech-heavy Nasdaq hit a record high for the third straight session, as...
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...
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...
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....
FCC proposes record $225 million fine for massive robocall campaign
The Federal Communications Commission (FCC) on Tuesday voted unanimously to propose a record-setting $225 million fine against Texas-based health insurance telemarketers for allegedly making approximately...
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...
Exclusive: Savings surge forces Goldman to shut Marcus to new UK clients
Goldman Sachs is closing its easy access savings business to new customers in Britain from Wednesday after deposits surged near to regulatory limits during the...
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...