Business

Wall Street's main indexes dropped on Friday, weighed down by losses in major U.S. lenders after their earnings reports, while incoming President Joe Biden's $1.9 trillion stimulus plan also sparked fears of an increase in corporate taxes.

The U.S Securities and Exchange Commission has launched an investigation of Exxon Mobil Corp , following a whistleblower complaint that the oil major overvalued a key asset in the top U.S. shale field, the Wall street Journal reported on Friday.

Oil prices were mixed on Friday as strong import data from China, the world's biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus outbreaks.

World stocks indexes climbed to record levels and U.S. bond yields edged higher on Thursday as investors focused on U.S. Presidentelect Joe Biden's pandemic aid proposal.

Shares of Poshmark soared in their debut trading in the public markets Thursday, a testament to the strength of the online marketplace for secondhand goods even during a pandemic.

Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than $607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with...

Gold edged up in choppy trade on Thursday as data showing a weak U.S. labor market bolstered bets for more government stimulus, buoying bullion's appeal as an inflation hedge and countering pressure from a resilient dollar.

Oil prices eased for a second day on Thursday as mounting coronavirus cases globally raised demand concerns, although a drawdown in U.S. crude stocks for a fifth straight week capped losses.

The family of a longtime Nigerian diplomat killed in the 2019 crash of a Boeing 737 Max in Ethiopia has joined litigation against the company in U.S. federal court.

A slum in north Kolkata's Bagbazar area was turned into ashes as a major fire broke out on Wednesday evening, leaving hundreds of people homeless, officials said. Twenty-seven fire tenders took around four hours to control the blaze that broke out around...

Dropbox Inc on Wednesday announced the exit of operations chief and said it will cut 11% of its global workforce, or 315 people, as the file hosting service provider shifts business resources in the wake of the COVID19 pandemic.

U.S. firm Johnson & Johnson is likely to apply for EU approval for its COVID19 vaccine candidate in February, a top lawmaker said on Wednesday.

Euro zone industrial production was much higher than expected in November, data showed on Wednesday, thanks to a sharp rebound in the output of intermediate and capital goods.

A month after federal regulators ordered it to disclose how its practices affect children and teenagers, TikTok is tightening its privacy practices for the under-18 crowd.

Asian stocks rose on Wednesday, tracking modest Wall Street gains, as expectations that a vaccine will eventually win the battle against the coronavirus fuelled recovery hopes, while tight supply expectations pushed oil prices to a oneyear high.

Huawei Technologies had a plane waiting to take Chief Financial Officer Meng Wanzhou back to China from Vancouver as a key verdict in her extradition case was to be handed down last May, prosecutors said in a Canadian court on Tuesday.