U.S. stock index futures were mixed on Tuesday, as G7 heads indicated willingness to take steps to mitigate the economic impact of the coronavirus epidemic, but stopped short of announcing concrete measures.
A recovery in world stock markets and oil prices picked up pace on Tuesday, as global policymakers signalled a united front to address the economic fallout from the spreading coronavirus.
Chevron Corp on Tuesday said it would keep its spending in check and return up to $80 billion to shareholders over the next five years, with Chief Executive Mike Wirth making the case that his company is the oil major best able to produce oil and generate profits at the lowest cost.
U.S. stocks fell minutes after the open on Tuesday as G7 heads stopped short of outlining measures to cushion the economic blow of the coronavirus epidemic, while assuring policy support.
Saks Fifth Avenue owner Hudson's Bay Co Executive Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday.
Robinhood was still reporting technical issues a day after an outage kept clients from trading on a historic rally for stocks.
"It's great that the Federal Reserve recognizes that there's going to be weakness, but it makes me feel, wow, the weakness must be much more than I thought," CNBC's Jim Cramer said.
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.
U.S. stocks indexes surged on Tuesday after the Federal Reserve cut interest rates by a half percentage point in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.
Hudson's Bay Co Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday, after his bid to take the owner of Saks Fifth Avenue private was approved by shareholders.
A sharp rebound in world stock markets lost only a little steam on Tuesday despite a lack of any immediately gratifying measures after global policymakers pledged to address the economic fallout from the coronavirus outbreak.
Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.
In a rare move, the Fed slashed rates by half a percentage point. That will have far-reaching consequences for everyday Americans.
Mercedes-Benz is embarking on a sweeping cost cutting plan to free up cash to build electric and self-driving cars, a step which could see entire engine families and platforms eliminated, Daimler board member Markus Schaefer said on Tuesday.
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.