U.S. stock futures were nearly flat early Tuesday ahead of the final trading day of a volatile month for markets. Dow futures implied an opening drop of about 40 points. S&P 500 and Nasdaq-100 futures hovered around the flatline. Shares of Wells Fargo ticked 0.74% lower in after-hours trading after […]
CNBC News
Coronavirus live updates: New flu strain found in China; WHO warns ‘the worst is yet to come’
New strain of flu found in China has potential to become a pandemic, scientists warn 09:30 a.m. London time: Scientists have identified a new strain of flu carried by pigs in China that they say has the potential to become a pandemic. The new strain is descended from the type […]
New strain of flu in China has potential to become a pandemic, scientists warn
Pigs in their pen at a farm on the outskirts of Chengdu in China’s south west Sichuan province, on August 2, 2005. Peter Parks | AFP | Getty Images Scientists have identified a new strain of flu carried by pigs in China that they say has the potential to become […]
Oil major Shell to write down up to $22 billion of assets in second quarter
A detailed view of a Shell gas station sign showing the low price of $1.69 per gallon, the result of the coronavirus (COVID-19) outbreak on March 31, 2020 in Jacksonville, Fl. David Rosenblum | Icon Sportswire | Getty Images Oil giant Royal Dutch Shell said on Tuesday it will write down the […]
After Pompeo says ‘tide is turning against Huawei,’ India reportedly weighs 5G ban on Chinese firm
In this photo illustration, the Huawei logo and Chinese flag is seen displayed on an Android mobile phone. Omar Marques | LightRocket | Getty Images Huawei could be banned from participating in India’s 5G network rollout, just months after it was given the green light to participate in the country’s […]
Stock futures little changed as markets look for a positive June finish
U.S. stock futures were little changed early morning Tuesday ahead of the final trading day of a volatile month for markets. Dow futures dipped 18 points. S&P 500 and Nasdaq-100 futures also hovered around the flatline. Shares of Wells Fargo ticked 0.74% lower in after-hours trading after the bank said […]
Amazon’s brand value tops $400 billion, boosted by the coronavirus pandemic: Survey
Amazon has maintained its position as the world’s most valuable brand, increasing its worth by almost a third to $415.9 billion compared to last year, according to a ranking by consultancy Kantar published Tuesday. The annual BrandZ Top 100 Most Valuable Global Brands ranks companies by combining their market capitalization […]
China passes controversial national security law for Hong Kong
Hong Kong Police Guard of Honour raises a Chinese national flag and a Hong Kong flag during a flag raising ceremony at the Golden Bauhinia Square on June 15, 2020 in Hong Kong, China. Anthony Kwan | Getty Images The top decision-making body in China’s parliament has passed the contentious […]
China reportedly passes national security law for Hong Kong
Hong Kong Police Guard of Honour raises a Chinese national flag and a Hong Kong flag during a flag raising ceremony at the Golden Bauhinia Square on June 15, 2020 in Hong Kong, China. Anthony Kwan | Getty Images The top decision-making body in China’s parliament has reportedly passed the contentious […]
China says its factory activity expanded in June but headwinds remain
China on Tuesday said manufacturing activity expanded in June with the official Purchasing Manager’s Index coming in at 50.9. Economists polled by Reuters had expected the official manufacturing PMI number to come in at 50.4. PMI readings above 50 indicate expansion, while those below that level signal contraction. In May, official manufacturing PMI came in at […]