May 26, 2020

S&P 500 breaches 3,000 mark for first time since early March

U.S. stocks surged at the open and S&P 500 breached a major technical barrier on Tuesday as business restarts and optimism about a potential coronavirus vaccine […]
May 26, 2020

Instant View: S&P rises above 3,000 level for first time since March

U.S. stocks rose above the 3,000 level for the first time since March 5 on Tuesday, continuing a rally that has pushed the benchmark index up […]
May 26, 2020

Oil prices climb as faith in supply cuts grows

Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up as […]
May 26, 2020

U.S. consumer confidence edges up in May

U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was probably in the past as the country starts to […]
May 26, 2020

U.S. new home sales unexpectedly rise in April

Sales of new U.S. single-family homes unexpectedly rose in April, but the gains are likely temporary as the coronavirus crisis ravages the economy, unleashing record unemployment. […]
May 26, 2020

Merck to buy Austrian vaccine maker as it jumps into COVID-19 race

Merck & Co Inc , which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis […]
May 26, 2020

Lithium producers must wait as pandemic slows electric vehicle revolution

The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of […]
May 26, 2020

Sanofi shares down despite $13 billion Regeneron payday

Shares in Sanofi fell on Tuesday despite the French drugmaker’s impending $13 billion payday from selling most of its 20.6% stake in U.S. partner Regeneron . […]
May 26, 2020

NYSE to reopen trading floor closed by coronavirus

The New York Stock Exchange will partially reopen the trading floors at its iconic 11 Wall Street building on Tuesday for the first time since March […]
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