Euro gains on EU recovery-fund plan, oil climbs
The euro and European government debt rallied on Tuesday, lifted by a Franco-German proposal to fund grants for regions hit hardest by the coronavirus pandemic,...
Fed, Treasury chiefs face heat over uneven U.S. coronavirus response
Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin found themselves in the hot seat on Tuesday as U.S. lawmakers grilled them about the...
Coronavirus hammers U.S. homebuilding; permits tumble
U.S. homebuilding dropped by the most on record in April and permits for future construction tumbled, underlining fears that the coronavirus crisis would lead to...
JPMorgan shareholders back bank’s directors, executive pay at annual meeting
JPMorgan Chase & Co shareholders voted to reelect each of the bank’s board members, with each director receiving at least 84% of the shares voted,...
S&P 500 steady after mixed retail earnings
The S&P 500 was trading flat on Tuesday, handing back some gains from a strong rally in the previous session, as investors digested a mixed...
Microsoft to adapt its cloud software for healthcare industry
Microsoft Corp said on Tuesday it plans to roll out a version of its cloud-based software that will be modified to suit the needs of...
Exclusive: Exxon revives sale of stake in giant Azeri oilfield
Exxon Mobil has relaunched the sale of its stake in Azerbaijan’s largest oilfield, the company said on Tuesday, as banking and industry sources said the...
S&P recovery will be far faster than 2008: Citigroup
U.S. stock markets will deliver among the steepest recoveries in their history over the next year, returning to levels from before March’s coronavirus lockdowns more...
Citigroup launches new ESG investment banking group
Citigroup Inc said on Tuesday that is launching a new business unit within its corporate and investment bank dedicated to environmental sustainability to strengthen its...
Home Depot misses profit estimates as coronavirus costs weigh
Home Depot Inc missed estimates for quarterly profit on Tuesday, as the home improvement chain spent about $850 million on benefits for employees keeping its...