Oil rises as production curbs face renewed demand fears

Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns about a resurgence in coronavirus cases.

S&P 500, Dow decline after recent gains; Nasdaq hits 10,000

The S&P 500 and Dow fell on Tuesday after recent strong gains, while the Nasdaq extended its record run and briefly rose above the 10,000 mark for the first time.

FCC proposes record $225 million fine for massive robocall campaign

The Federal Communications Commission on Tuesday voted unanimously to propose a record-setting $225 million fine against Texas-based health insurance telemarketers for allegedly making approximately 1 billion illegal robocalls.

Exclusive: Chanel, Revlon, L'Oreal pivoting away from talc in some products

Chanel, Revlon and L'Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits and consumer concerns mount.

Investors brace for market swings as Trump slips in election polls

The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden.

Stocks mixed as investors step back from highs

A recent run of optimism in markets hit the brakes on Tuesday, as investors pulled back from major stock indices and turned their attention to safe-haven assets like gold.

Morgan Stanley's Gorman says worst behind, sees smaller reserve build in second quarter

Morgan Stanley Chief Executive Officer vf DEsaid on Tuesday the bank expects to set aside a smaller amount of money for potential loan losses in the current quarter, compared with the first quarter.

Macy's says return to normal business at least a year away

Macy's Inc warned on Tuesday its business was not likely to return to normal until late next year, even as it saw better-than-expected sales from stores reopening after COVID-19 lockdowns were lifted across the United States.

Boeing jet deliveries sink to just four in May

Boeing Co deliveries slowed even further in May from April as the coronavirus pandemic's crushing impact on airlines added to a year of crisis following the grounding of its 737 MAX planes, company data showed on Tuesday.

Explainer: What to look for in the Fed's U.S. economic outlook

U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.

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