Oil steady as U.S. stimulus hopes countered by demand concerns

Oil prices were steady on Tuesday, with demand worries due to a rise in coronavirus cases worldwide undermining support coming from hopes for additional U.S. economic stimulus measures.

Harley-Davidson reboots business as coronavirus hammers earnings

Harley-Davidson Inc on Tuesday revealed a strategy to restructure its business after reporting an unexpected quarterly loss due to disruptions caused by the coronavirus pandemic.

Sovereign investors see U-shaped recovery, but with slower growth, survey shows

More than half of sovereign wealth funds responding to a new survey expect a U-shaped recovery in the global economy from the COVID-19 crisis, with developed markets likely to be best placed to recover.

Hydrogen champion Hyundai races to electric as Tesla takes off

Hyundai Motor Co , an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. Now's it's going on the offensive in the battery-powered market led by its U.S. rival.

Pfizer raises 2020 forecast as quarterly profit beats estimates

Pfizer Inc beat analysts' estimates for second-quarter profit on Tuesday and raised its full-year forecast, as demand for cancer drug Ibrance and blood thinner Eliquis offset lower uptake of some of its treatments in the COVID-19 pandemic.

3M profit misses as coronavirus crisis hammers sales

U.S. industrial conglomerate 3M Co missed Wall Street estimates for quarterly profit and revenue on Tuesday, hurt by a plunge in demand across its business units due to the coronavirus crisis.

McDonald's global sales suffer as COVID-19 lockdowns limit operations

McDonald's Corp on Tuesday reported a bigger-than-expected drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandemic, limiting operations to only drive-thru and delivery.

Care Bears boost sales for Florida toy importer, but $10 million needed for inventory

Florida's Basic Fun has seen a sharp pickup in business since coronavirus shutdowns started lifting in May, but the toy importer needs more cash to buy goods for the Christmas shopping season.

LVMH shares fall as luxury giant's second-quarter results underwhelm

LVMH's shares fell on Tuesday, weighing on the broader European luxury goods sector, after the COVID-19 pandemic tore a hole into the Louis Vuitton owner's second-quarter results.

King dollar's decline ripples across the globe

An accelerating decline in the U.S. dollar is reverberating around the world, adding fuel to a global momentum rally that has boosted prices for everything from technology stocks to gold.

Related Videos

BMW to make electric 5-series in emissions push

Moderna's COVID vaccine enters late-stage trial

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS