Oil hits three-month high over hopes for output cuts
Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus...
Asian stocks set to gain as stimulus hopes support risk appetite
Asian stocks were poised to follow the global rally on Wednesday as hopes of more government stimulus bolstered riskier assets and overshadowed a host of...
Big in China and tiny in the U.S., Fast Retailing seen weathering pandemic
The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy...
Rental fleet collapse drags down U.S. vehicle sales
The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected...
Twitter names ex-Google CFO Patrick Pichette chairman
Twitter Inc said on Tuesday that it appointed Patrick Pichette, former chief financial officer at Google, as chairman, replacing Omid Kordestani....
Lyft says May rides jump 26% from prior month
Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26% in May from the previous month, with strong growth from cities...
FAA chief to testify at June 17 Senate hearing on Boeing 737 MAX
Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved...
After Facebook staff walkout, Zuckerberg defends no action on Trump posts
Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing...
Wall Street closes up on signs of economic rebound
Wall Street posted gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and...
LVMH-Tiffany deal seen as uncertain: WWD
French luxury goods group LVMH’s board called a meeting in Paris to discuss its $16.2-billion offer for Tiffany & Co amid a deteriorating situation in...