Business

Wall Street's main indexes jumped on Wednesday, with the S&P 500 crawling towards a record high in a broad rally led by tech stocks, although some investors were cautious following a stalemate over the new coronavirus relief bill.

Brazil is amassing a record debt that has evoked memories of crises past in South America's largest economy, but some economists say rockbottom interest rates and low foreign debt mean the government can continue to spend its way out of recession.

Asian stocks slipped on Wednesday on growing uncertainty over whether U.S. lawmakers would strike an agreement on an additional round of big fiscal stimulus to support an economy still struggling with the coronavirus pandemic.

With a coronavirus vaccine still months off, companies are rushing to test what may be the next best thing: drugs that deliver antibodies to fight the virus right away, without having to train the immune system to make them.

Hong Kong's Cathay Pacific Airways Ltd on Wednesday reported a record HK$9.87 billion ($1.27 billion) firsthalf loss and said it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic.

Spot gold declined as much as 2% to a near three-week low of $1,872.19, resuming its free fall after a brief hiatus in early trade.

Tesla will split its stock for the first time in its history so more investors can afford to buy a stake in the electric car pioneer following a meteoric rise in its market value.

A gauge of global equity markets rose on Tuesday as a Wall Street benchmark neared its record high, lifted by hopes for fresh U.S. stimulus and signs of a growing American economy that spurred yields to climb and thrashed gold prices.

The S&P 500 on Tuesday closed in on its February record high, returning to levels last seen before the onset of the coronavirus crisis that caused one of Wall Street's most dramatic crashes in history.

German mealkit delivery firm HelloFresh reported a surge in secondquarter sales and core profit on Tuesday, confirming its July estimates, as extended coronavirus lockdowns kept on driving demand for food deliveries in the United States and other markets.

Indian shares rose and the Nifty gained for a sixth straight session on Tuesday as gains in ICICI Bank Ltd following the launch of a share sale put market fears over rising coronavirus cases on the back burner.

Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen.

The S&P 500 ended up slightly and the Nasdaq fell on Monday as investors extended a rotation into value stocks from heavyweight techrelated names while awaiting news on progress in a U.S. fiscal support bill.

Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.

Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure this year and next year, the state oil group's CEO said on Monday.

McDonalds says it's suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with other employees and destroyed evidence.