Category: News

U.S. equity futures climbed after stellar earnings from technology giants, while the dollar extended this month’s slide amid renewed concern about the strength of the American recovery. Asian shares retreated. S&P 500 and Nasdaq contracts advanced as Apple Inc., Amazon.com Inc., and Facebook Inc. jumped in after-hours trading. Stocks underperformed Friday in Japan and Australia, with Tokyo due to...

Asian stocks traded mixed Thursday as investors weighed a signal from the Federal Reserve that more stimulus will be provided against a slew of earnings and the continued spread of the coronavirus. The dollar steadied. Shares climbed in Hong Kong and Sydney with stocks in Seoul given a boost as earnings at Samsung Electronics Co. topped estimates....

Stocks struggled for direction in most markets and Treasuries held steady in the run-up to Wednesday’s decision from the Federal Reserve’s policy meeting. The Stoxx Europe 600 Index opened modestly lower as earnings rolled in, with Barclays Plc shares slipping after U.K. bank’s provisions for bad loan losses exceeded market estimates. U.S. index futures swung from...

The proposal favored by U.S. Republicans for extending supplemental unemployment benefits aiding millions of Americans could take some states the rest of the year to implement China continues to lag behind the pace of imports from the U.S. needed to meet the terms of the two nations’ trade deal, amid a rapidly worsening diplomatic standoff that’s sparking global fears...

The Bank of Russia surprised economists by delivering its smallest interest-rate cut in months, but left the door open for further reductions. The benchmark interest rate was cut by 25 basis points to 4.25%, the central bank said in a statement on Friday. Thirteen analysts in a Bloomberg survey of 39 forecast the move, while...

Stocks traded mixed and gold futures rose to a record high as investors weighed simmering Sino-American tensions against signs the virus spread in the U.S. may be slowing. The dollar extended its recent slide. Japanese shares fell, catching up to a two-day slide in global equities when Tokyo was closed for a holiday last week. Stocks in Hong...

About 400,000 airline workers have been fired, furloughed or told they may lose their jobs due to the coronavirus, according to Bloomberg calculations. The aviation industry has suffered more than most as the pandemic destroys ticket sales and strips companies of cash. Airlines the world over have drastically cut back on flights due to border...

Stocks in Asia retreated after an unexpected rise in American jobless claims rekindled concern a recovery in the world’s largest economy has stalled. The dollar extended this week’s slide. Shares in China, Hong Kong and Australia bore the brunt of losses. Intel Corp.’s warning on a production delay also weighed on sentiment after triggering an...

European and U.S. equity futures were mixed on Thursday along with Asian stocks amid concern over renewed Sino-U.S. tensions and the uncertainty over the timing of a new American stimulus package. The dollar dipped to near the weakest since March. Euro Stoxx 50 contracts nudged higher, while those tied to the S&P 500 were flat...

Temporary basic income payments could stem the spread of the coronavirus pandemic by allowing the world’s poorest people to stay at home, according to a new report from the United Nations Development Programme. A six-month guaranteed handout for 2.7 billion living below or just above the poverty line in 132 developing countries would cost around...