A senior U.S. senator on Tuesday accused U.S. firms of willfully ignoring "horrific" forced labor conditions in China's Xinjiang region and called on the Commerce Department to stop American companies and consumers buying goods produced by such labor.
Banks and other large financial companies in major cities across the world ramped up their emergency measures to combat the spread of the coronavirus on Tuesday, with Barclays Plc and BlackRock Inc confirming one case in their New York offices.
Two U.S. lawmakers expressed serious concern on Tuesday about the effect of a planned merger of college textbook publishers Cengage Learning Holdings II and McGraw-Hill Education Inc, saying the deal would create a new industry leader with nearly half the market.
Bank of America Corp's chief technology officer, Howard Boville, has left the company, according to a source familiar with the matter.
A day after Wall Street suffered its worst one-day drop since the financial crisis, investors are faced with an unfamiliar dilemma: bet that stocks will bounce back from the cusp of a bear market, or avoid scooping them up for now over fears they are far from a bottom.
Corporate America is gearing up for leaner times.
"One of the things that really made things better today is this was a recognition that things have to be done. That was very reassuring," CNBC's Jim Cramer said Tuesday.
Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington's stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally.
Mexico and other nations are seeking to mediate between Russia and Saudi Arabia to end a price war that has battered world markets, Mexico's finance minister said on Tuesday, citing his country's prior experience in calming a crude producer feud.
President Donald Trump met with fellow Republicans in the U.S. Senate on Tuesday to discuss a fiscal stimulus plan to bolster the nation's economy in the face of the coronavirus outbreak.
Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington's stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally.
Oil prices climbed for a second day on Wednesday, lifted by hopes that U.S. producers will cut output, but gains were limited compared with Monday's crash after Saudi Arabia and Russia triggered a price war.
Air freight rates are skyrocketing after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders.
Tesla Inc Chief Executive Officer Elon Musk said on Tuesday he was looking for locations in the central United States to build a new factory for the company's electric pickup truck.
Telefonica Brasil SA and TIM Participações SA have expressed interest in negotiating a joint offer to buy bankrupt Brazilian carrier Grupo Oi SA , the two companies said on Tuesday in securities filings.