U.S. stock index futures rose on Tuesday, building on gains in the previous session, as oil prices jumped and a slew of countries eased coronavirus-led restrictions in an attempt to revive their economies.
Thomson Reuters Corp on Tuesday reported higher quarterly sales and operating profit but cut is full-year sales outlook, citing unprecedented disruption in the global economy.
Warren Buffett said the FDIC is an under-appreciated part of the U.S. economy, arguing it could have softened the Great Depression if it was created earlier. …read more […]
We should ‘try to create a society that under normal conditions with more than $60,000 of GDP per capita, that anybody that worked 40 hours a week can have a decent life without a second job,’ says Buffett. …read more […]
Top news and what to watch in the markets on Tuesday, May 5, 2020. …read more […]
Nivea-maker Beiersdorf said on Tuesday its La Prairie premium skincare brand and sun care products have been hit by the drop in international travel due to the coronavirus pandemic while sales of hand wash, hand creams and plasters jumped.
Stock markets snapped a three-day losing streak on Tuesday and oil was on its longest run of gains in nine months as moves to ease major economies out of their coronavirus lockdowns lifted sentiment.
Microsoft will invest $1 billion in Poland as part of a plan that will involve opening a data centre in the country to provide cloud services to businesses and government institutions, the company said in a statement on Tuesday.
The government is ready to back a rescue package for Thai Airways International Pcl , but it will entail a full restructuring and there will be no second chances, the prime minister.
Hugo Boss is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis to worsen before any recovery kicks in after first quarter sales fell by 17%, which knocked its shares.
BNP Paribas set aside more than half a billion euros in loan provisions on Tuesday as the coronavirus crisis wiped out the French bank’s revenue from equity derivatives trading and knocked a third off its first quarter profit.
Vehicle and equipment maker CNH Industrial said on Tuesday it planned to return progressively to full operations at most of its facilities around the world by the end of May, in line with the easing of coronavirus lockdowns.
Liechtenstein-based financial group LGT will be split into three separate firms in 2021, all directly held by the Prince of Liechtenstein Foundation, LGT said on Tuesday.
Irish airline Aer Lingus said it was reviewing its social distancing procedures after a flight on Monday was packed with passengers.
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