Oil prices fell about 1% on Tuesday after rising earlier in the session as hopes dimmed for a swift stimulus package to relieve the U.S. economy as coronavirus cases increased globally.
The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labour market as the government winds down its huge job-protection scheme.
The S&P 500 was higher on Tuesday afternoon and within striking distance of its closing record from February, before the onset of the coronavirus crisis that caused one of Wall Street's most dramatic crashes in history.
U.S. President Donald Trump's weekend attempt to sidestep stalled congressional negotiations over the next coronavirus aid package will do little to boost the economy, experts said.
A gauge of global equity markets rose on Tuesday as a Wall Street benchmark neared its record high, lifted by hopes for fresh U.S. stimulus and signs of a growing American economy that spurred yields to climb and thrashed gold prices.
Three Democratic members of the U.S. House of Representatives on Tuesday urged Facebook Inc to enact the policy recommendations of the company's oversight board, empowering the independent group of advisers, which the lawmakers said have limited responsibilities.
A U.S. appeals court on Tuesday reversed a lower court ruling against chip supplier Qualcomm Inc in an antitrust lawsuit brought by the Federal Trade Commission.
Few U.S. companies doing business in China view President Donald Trump's Phase 1 trade deal as being worth the cost of tariffs incurred over a two-year trade war, a new survey by the U.S.-China Business Council showed on Tuesday.
Occidental Petroleum expects oil and gas output to dip in the second half of the year and will not boost production until it "significantly" reduces debt, Chief Executive Vicki Hollub said on Tuesday.
British Airways has agreed a deal with trade unions representing parts of its workforce in Heathrow over planned job cuts, with the airline's chief executive saying significant progress had been made in a message to staff on Tuesday.
