Category: Business

Has Wall Street missed the news that we are in a pandemic? The U.S. economy remains battered by the coronavirus outbreak and Congress is deadlocked on another stimulus bill – yet the U.S. stock market just closed at a record high. While it may seem that investors have failed to factor in any of the […]

The dollar and global equity markets rose on Wednesday and the S&P 500 and the Nasdaq hit fresh all-time highs, but Wall Street retreated after the Federal Reserve nixed, for now, dovish monetary policy measures such as yield-curve control. The U.S. central bank also cautioned in minutes of its July 29-29 meeting that economic recovery […]

Oracle Corp (ORCL.N) has joined some of the investors of TikTok’s Chinese owner, ByteDance, in pursuing a bid for the popular short-video app’s operations in North America, Australia and New Zealand, according to people familiar with the matter. The move would represent a strategic departure for Oracle, which caters mostly to corporate customers and generates […]

No new high-level trade talks have been scheduled between the United States and China but the two sides remain in touch about implementing a Phase 1 deal, White House Chief of Staff Mark Meadows told reporters aboard Air Force One on Tuesday. U.S. President Donald Trump earlier told reporters during a visit to Yuma, Arizona, […]

Well, that was quick! The S&P 500’s .SPX record closing high on Tuesday confirmed that the coronavirus-fueled bear market of 2020 was by far the shortest ever. Measured from the benchmark’s previous record high on Feb. 19 to its trough on March 23, the pandemic-induced bear market lasted a mere 33 days, compared to the […]

Japan’s exports extended their double-digit slump into a fifth month in July as the coronavirus pandemic took a heavy toll on auto shipments to the United States, dashing hopes for a trade-led recovery from the deep recession. Meanwhile, core machinery orders, a leading indicator of business spending, unexpectedly fell to a seven-year low in June, […]

A third of Japanese firms are reassessing using offices after a sharp drop in their utilisation in August from a year ago, as 65% of firms allowed or encouraged employees to work from home due to the coronavirus pandemic, a monthly Reuters poll showed. Many workers in Japan, and elsewhere in the world, began telecommuting […]