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Bitcoin undergoes third 'halving', falls vs U.S. dollar

Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.



5 years ago

Trump says not in favor of reopening China trade deal

President Donald Trump on Monday said he is not in favor of the United States reopening negotiations with China on Phase 1 of a trade deal, which the two countries agreed on at the beginning of the year.



5 years ago

Tencent Music misses first-quarter revenue estimates, shares fall

China's Tencent Music Entertainment Group missed Wall Street estimates for quarterly revenue on Monday as the COVID-19 pandemic impacted the company's social entertainment services business, sending its shares down 4.5% in extended trade.



5 years ago

Oklahoma regulators take no action after oil output hearing

Oklahoma's energy regulators on Monday took no action on applications from oil and gas producers seeking to win state-support for measures they said would help stabilize oil prices.



5 years ago

United to notify flyers about full flights after social media backlash

United Airlines Holdings Inc said on Monday that starting next week it will notify passengers ahead of time if their flight is expected to be "closer to full capacity," allowing them to re-book on a different flight or receive a travel credit.



5 years ago

Shut casinos hit Caesars as COVID-19 puts gambling industry in survival mode

Caesars Entertainment Corp missed quarterly revenue estimates on Monday as it shuttered its casinos amid nationwide lockdowns to contain the spread of the COVID-19 pandemic.



5 years ago

Bitcoin goes through third 'halving', falls vs U.S. dollar

Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.



5 years ago

Trump 'not interested' in reopening U.S.-China trade deal after report of Beijing discontent

U.S. President Donald Trump said on Monday he opposed renegotiating the U.S.-China "Phase 1" trade deal after a Chinese state-run newspaper reported some government advisers in Beijing were urging fresh talks and possibly invalidating the agreement.



5 years ago

Asian stocks set to fall on growing second virus wave fears

Asian equities and oil prices were set to slip on Tuesday amid growing investor worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.



5 years ago

Boeing CEO sees passenger levels under 25% in September, pain for airlines: NBC interview

Boeing Co Chief Executive Dave Calhoun does not expect passenger traffic to reach even a quarter of its levels in September, creating the need for airlines to make "adjustments" as they weather the impact of the coronavirus pandemic.



5 years ago

Hyatt to restructure and lay off 1,300 employees

Hyatt Hotels Corp said late Monday it would restructure roles and lay off employees across its operations worldwide, which would impact about 1,300 staff, amid a virtual halt in global travel to curb the spread of the coronavirus pandemic.



5 years ago

Montana judge upholds ruling that canceled Keystone XL pipeline permit

A federal judge in Montana on Monday upheld his ruling last month that canceled an environmental permit for the long-delayed Keystone XL oil pipeline and threatened other oil and natural gas pipeline projects with delays.



5 years ago

Logitech sales rise nearly 14% as work from home boosts demand

Logitech International reported a 13.6% rise in fourth-quarter sales on Tuesday, as more people used its products while working from home due to the coronavirus crisis.



5 years ago

Asian stocks stumble on fears of second coronavirus wave, oil up

Asian shares skidded on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.



5 years ago

Tim Hortons China says Tencent has invested, did not disclose amount

Tim Hortons China said Tuesday it received an investment from Chinese tech giant Tencent, as the Canadian coffee brewer seeks to expand in the Chinese market.



5 years ago