Facebook ad boycott organizers see 'no commitment to action' in Zuckerberg meeting

Organizers of a growing Facebook advertising boycott said on Tuesday they see "no commitment to action" after meeting with Facebook Chief Executive Mark Zuckerberg.

Fed policymakers see economy plateauing, risks ahead

The U.S. economy faces stiff headwinds in staging a strong recovery as a surge in coronavirus cases without a vaccine in sight and few treatment options will likely limit consumer spending and the labor market, U.S. Federal Reserve policymakers said on Tuesday.

Fed's Mester says full recovery a long way off, more fiscal help needed

A resurgence in coronavirus cases across the country is making consumers more cautious, and more fiscal stimulus is needed to help the economy recover fully from the crisis, Cleveland Federal Reserve Bank President Loretta Mester said on Tuesday.

Fed's Clarida says there is more the Fed can and will do

With the surge in coronavirus cases threatening the U.S. recovery, Federal Reserve Vice Chairman Richard Clarida had a message on Tuesday: the U.S. central bank is not going to sit idly, even if a double dip recession is not the base case scenario.

Dollar rises as virus worries hurt risk appetite

The U.S. dollar rose against a basket of currencies on Tuesday, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups and local lockdowns in some countries.

Stocks, oil slip but Chinese stocks rumble on

Investor caution over renewed coronavirus-related lockdowns buoyed the dollar and snuffed a five-day rally in most world equity markets on Tuesday, but was not enough to halt a hot streak in Chinese stocks.

Aircraft lessor Avolon cancels 27 Boeing 737 MAX jets

Aircraft lessor Avolon on Tuesday announced the cancellation of an additional 27 Boeing 737 MAX planes after cancelling 75 of the jets in April as it grapples with the fallout of the COVID-19 pandemic.

Wall Street slips after strong recent rally, as COVID cases mount

U.S. stocks eased on Tuesday as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further.

The quarter after the half: Why the next three months are key for stocks

Central bank firepower helped stock market bulls finish the first half of 2020 on a high. Now the rally hinges on follow-through in the third-quarter from economic data, company earnings and the coronavirus newsflow.

Largest U.S. airlines move toward federal loans; United warns about COVID-19 surge

The largest U.S. air carriers have all signed letters of intent on federal loans to help them weather the novel coronavirus, with United Airlines warning employees that a surge in outbreaks was hitting bookings, threatening a travel rebound.

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