[ad_1] WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin found themselves in the hot seat on Tuesday as U.S. lawmakers grilled them about the uneven nature of the fiscal response
S&P 500, Dow edge lower after mixed retail earnings
[ad_1] (Reuters) – The S&P 500 and Dow Jones indexes eased on Tuesday, handing back some gains from a strong rally in the previous session, as investors digested a mixed set of quarterly results from
Wall Street opens lower after strong start to the week
[ad_1] FILE PHOTO: A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. REUTERS/Lucas Jackson/File Photo (Reuters) – U.S.
Compass shares drop as it seeks cash to cope with crisis
[ad_1] (Reuters) – Compass Group shares dropped more than 10% on Tuesday as the world’s biggest caterer sought to raise 2 billion pounds ($2.5 billion) in a share sale to reduce debt and help it
As coronavirus crushes small restaurants, big chains see room to move in
[ad_1] NEW YORK (Reuters) – Prime storefronts left empty by failed businesses. Cheaper or even flexible rents. Landlords willing to add drive-thru lanes. FILE PHOTO: Signage for a Chipotle Mexican Grill is seen in Los
‘Nothing off-limits’: Thyssenkrupp could sell steel business in historic shift
[ad_1] FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp could sell most of its steelmaking division, its CEO said on Tuesday, marking a historic reversal in strategy for the German conglomerate which has built its 200-year-old legacy as an
Sony to take full control of listed financial arm for $3.7 billion
[ad_1] FILE PHOTO: An employee takes a photo on a new Sony Xperia 10 Plus in this posed photograph at the Sony offices in London, Britain February 14, 2019. REUTERS/Simon Dawson/File Photo TOKYO (Reuters) –
Exclusive: Nasdaq to tighten listing rules, restricting Chinese IPOs – sources
[ad_1] NEW YORK (Reuters) – Nasdaq Inc (NDAQ.O) is set to unveil new restrictions on initial public offerings (IPOs), a move that will make it harder for some Chinese companies to debut on its stock
Oil gains for fourth day on signs of output cuts, better demand
[ad_1] TOKYO (Reuters) – Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of
Trump signs deal with company in effort shift drug manufacturing to U.S.: New York Times
[ad_1] U.S. President Donald Trump speaks with restaurant executives and industry leaders during a coronavirus disease (COVID-19) pandemic meeting in the State Dining Room at the White House in Washington, U.S., May 18, 2020. REUTERS/Leah