Business & Finance News
Chinese coffee chain Luckin Coffee Inc fired its chief executive and chief operating officers following an internal probe on fabrication of annual sales numbers, the company said on Tuesday.
Swedish truck maker Volvo will withdraw its proposed dividend for 2019, it said on Tuesday, joining a slew of firms opting not to make payments to shareholders because of the coronavirus crisis.
World equity markets were little changed and safe-haven bonds climbed on Tuesday as investors weighed stronger economic data from China and upbeat corporate earnings in Europe against concerns about a potential second wave of coronavirus infections as economies reopen.
The S&P 500 struggled for direction on Tuesday as the risks of reopening the economy too soon overshadowed hopes of a jump-start to a battered global economy, following an easing of virus-led business shutdowns.
Uber Technologies Inc has made an offer to buy online food delivery company GrubHub Inc , Bloomberg News reported on Tuesday.
Lawmakers pressed U.S. regulators on Tuesday on their efforts to help struggling consumers, oversight of massive federal bailout packages and regulatory easing as they appeared before Congress for the first time since the novel coronavirus outbreak.
Luckin Coffee Inc has fired its chief executive and chief operating officers following an internal probe on fabrication of annual sales numbers, the Chinese coffee chain said https://bit.ly/3cD4jLC in a filing on Tuesday.
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis.
The S&P 500 slipped in choppy trading on Tuesday as the risks of reopening the economy too soon overshadowed hopes of a jump-start to a battered global economy, following an easing of virus-led business shutdowns.
Logitech International reported a big jump in sales of computer products during its fourth quarter on Tuesday as more people worked from home and families turned to technology to keep in touch during the coronavirus crisis.
World equity markets inched higher and safe-haven bonds fell on Tuesday as stronger economic data from China and upbeat corporate earnings in Europe overshadowed concerns about a potential second wave of coronavirus infections.
U.S. President Donald Trump on Tuesday urged California to allow Tesla Inc to reopen its electric vehicle assembly plan.
A unit of Morgan Stanley agreed to pay a $5 million fine to settle U.S. Securities and Exchange Commission charges it misled retail investing clients about the costs of a “wrap fee” program, the regulator said on Tuesday.
Germany’s financial watchdog BaFin said on Tuesday it was conducting multiple investigations into Wirecard , sending its shares lower and adding to pressure over allegations it has denied.
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis.
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