Brazil will finance emergency crisis-fighting spending by selling debt of up to three years maturity, beyond which borrowing costs start to get very high, Treasury Secretary Mansueto Almeida said on Tuesday.
The U.S. Chamber of Commerce on Tuesday warned the U.S. government against overdoing a major effort underway to rip U.S. supply chains out of China in the wake of the coronavirus pandemic, saying such moves could harm the economy.
Argentina and its creditors are edging toward a deal to revamp $65 billion in foreign debt but still have work to do that will likely spill beyond a Friday deadline when the country could slip into its ninth sovereign default.
Yesterday's broad-market optimism was short-lived, as the Dow plodded through a day in the red before bottoming out with a 390 point drop at the close. Weighing on the blue-chip index were corporate reports from Home Depot (HD) -- which suffered an earnings miss -- and Walma
What happened
Shares of Overstock (NASDAQ: OSTK) were flying higher once again on Tuesday, after shares of its digital dividend were distributed. As of 1:45 p.m. EDT, shares of its common stock were trading an impressive 19% higher on the Nasdaq exchange.
ViiV Healthcare, a joint venture of GlaxoSmithKline (NYSE: GSK), Pfizer (NYSE: PFE), and Osaka-based Shionogi, has shown that an injection of cabotegravir every two months is more effective at preventing HIV than Gilead Sciences' (NASDAQ: GILD) Truvada, a once-daily pill which i
Elon Musk has said the vehicles Tesla (NASDAQ: TSLA) is selling today could become appreciating assets over time. We're starting to see a preview of what the CEO means by that. The electric-car maker said on Monday that on July 1, it is increasing the price of its full self-dri
What happened
Shares of casino operator Penn National Gaming (NASDAQ: PENN) rose nearly 16% by midday Wall Street time on May 19. Red Rock Resorts (NASDAQ: RRR) jumped 12.8%. And Eldorado Resorts (NASDAQ: ERI) advanced 12.5%. Although all three pulled back from those advances, t
Facebook Inc is launching Shops, a service that will allow businesses to display and sell products on the world's largest social network's platforms, Chief Executive Mark Zuckerberg said on Tuesday.
First Data Merchant Services LLC and a former executive will pay nearly $40.3 million to settle U.S. civil charges they knowingly processed payments and helped launder credit card transactions in four scams that harmed hundreds of thousands of consumers.
Brazilian stock exchange operator B3 SA said on Tuesday its operations will be open this week despite plans by Sao Paulo city and state officials to declare an extended holiday to get workers to stay home to reduce potential spread of the novel coronavirus.
When a senior living facility in Amarillo, Texas suspected a nurse may have caught the novel coronavirus this month, it had a list within five minutes of staff and residents the nurse could have infected.
As department store chain J.C. Penney (NYSE: JCP) begins dealing with the aftermath of declaring bankruptcy last weekend, sources have told Women's Wear Daily the troubled retailer may be in acquisition talks with Amazon.com (NASDAQ: AMZN) representatives. According to reports l
During a scientific conference on Tuesday, Johnson & Johnson (NYSE: JNJ) announced positive results from a human proof-of-concept trial with relapsed multiple myeloma patients and teclistamab, the bispecific antibody formerly known as JNJ-5957. At the American Society of Cl
A Mexican judge has provisionally suspended an official order that froze the opening of new renewable power plants and sparked complaints from some of Mexico's main allies, including the European Union, judicial sources said on Tuesday.
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