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Stock market news live updates: Stock futures extend declines as pandemic concerns continue
Stock futures kicked off the overnight session lower Tuesday evening, extending declines from the regular trading day. …read more […]
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U.S. federal court tells SEC, Justice Dept to review RBS whistleblower case
The U.S. Justice Department and Securities and Exchange Commission must review whether an ex-Royal Bank of Scotland employee is owed a whistleblower payout and provide documents relating to his case, a federal U.S. court said on Tuesday.
Business News
Uber approaches Grubhub with acquisition offer: sources
Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter.
Business News
U.S. attorneys seek Amazon data on coronavirus-linked worker deaths, infections
A group of 13 U.S. attorneys general on Tuesday asked Amazon.com Inc to provide data on coronavirus-related deaths and infections among its workforce, along with evidence of the company’s compliance with paid sick leave laws.
Business News
Fed’s Quarles defends decision to let banks maintain dividends
A senior Federal Reserve official on Tuesday defended before Congress the central bank’s decision to allow lenders to continue issuing dividends, even as the regulator seeks permission from lawmakers to further relax capital rules.
Business News
Exclusive: U.S. airlines tell crews not to force passengers to wear masks
The top three U.S. airlines have told their flight attendants not to force passengers to comply with a new policy requiring face coverings, just encourage them to do so, according to employee policies reviewed by Reuters.
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Walt Disney Suspends Dividend and Cuts History of Growth
Walt Disney suspended its dividend for the first half of 2020. It normally pays a semi-annual dividend and has a long history of dividend growth. It’s even a coveted blue chip stock. So this move comes as a shock to many investors.
The coronavirus has disrupted many industries and the house of mouse isn’t exempt. Disney is a diversified media giant with products like Disney+ streaming, which has seen a sales bump. While others, like its theme parks, have shut down completely. That’s a big loss of revenue.
To stay in a position of financial strength, management is making tough decisions. The …read more […]
Business News
KKR leads $43 million investment round in Slice pizza platform
U.S. private equity firm KKR & Co Inc said on Tuesday it led an investor group making a $43 million investment in Slice, an online delivery platform for local pizza shops across the country.
Business News
S&P 500 tumbles on fears of virus resurgence in economic reopening
The S&P 500 dropped 2% on Tuesday as investors took profits following a warning from the top U.S. infectious disease expert that premature moves to reopen the nation’s economy could lead to novel coronavirus outbreaks and set back economic recovery.
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Could Musk’s recent comments hurt Tesla sales?
Yahoo Finance’s Myles Udland, Jennifer Rogers, Dan Roberts, and Melody Hahm discuss Tesla CEO Elon Musk’s latest comments and tweets about the reopening of California, and whether that could hurt Tesla in the long run. …read more […]
Business News
Stock market rally pauses, bonds edge higher on fears of second virus wave
World equity markets slid and safe-haven bonds climbed on Tuesday as rising concerns about a second wave of coronavirus infections outweighed stronger economic data from China and upbeat corporate earnings in Europe.
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Grubhub surges on report it will combine with Uber Eats
Yahoo Finance’s Myles Udland, Jen Rogers, Dan Roberts, and Melody Hahm discuss the possible merger between two big players in the food delivery space. …read more […]
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Coronavirus latest: Tuesday, May 12
Dr. Fauci testified at Congress on Tuesday to offer his opinions and reservations about the coronavirus vaccines and reopening the United States. Yahoo Finance’s Anjalee Khemlani joins The Final Round panel to break down the latest news about the coronavirus. …read more […]
Business News
Twitter to let some employees to work from home permanently
Twitter Inc on Tuesday became the first major tech company to allow employees who can work remotely to do so indefinitely, as the coronavirus outbreak forces unprecedented changes in work culture across the world.
Business News
S&P 500 ends lower on fears of virus resurgence in economic reopening
The S&P 500 closed lower after a choppy session on Tuesday as investors took profits following a warning from the top U.S. infectious disease expert that premature moves to reopen the nation’s economy could lead to novel coronavirus outbreaks and set back economic recovery.