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Updated: 4 years 29 weeks ago
BlackRock's Aladdin investment management platform to be hosted on Microsoft's cloud
BlackRock Inc, the world's largest asset manager, has partnered with Microsoft Corp to have its Aladdin investment and risk management system hosted on the Microsoft Azure cloud platform, the companies said on Tuesday.
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Investors await data on coronavirus drugs as market rally builds
Clinical data on potential treatments for the new coronavirus could help sustain a market bounce that has buoyed stocks after last month's plunge, as investors look for signs that authorities may be able to stabilize the pandemic.
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Small U.S. businesses were already struggling. Then coronavirus hit
Many small businesses were struggling with funding shortfalls and financial challenges even before the coronavirus pandemic hit, leaving them with little cash on hand to weather the slowdown caused by the virus, according to data released by the Federal Reserve on Tuesday.
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U.S. banking regulators encourage 'prudent efforts' by banks to help borrowers
U.S. banks should feel welcome to pursue "prudent efforts" to help borrowers impacted by the coronavirus pandemic, according to a new joint statement issued by banking regulators Tuesday.
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Hopes of coronavirus slowdown lift Wall Street
Wall Street rose on Tuesday on tentative early signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be plateauing, with New York's governor saying social distancing measures to curb the spread of the virus were working.
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Mexico asks U.S., Canada to grant automakers transition for USMCA rules
Mexico's government on Tuesday asked the United States and Canada to grant its automotive industry extra time to adapt its supply chains as the deadline for implementing a new North American trade deal approaches.
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Hopes of progress against virus lift stocks; dollar falls
World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors' appetite for risk.
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Netflix rolls out more features for parental control globally
Netflix Inc on Tuesday rolled out a number of features for parental control on its streaming platform, including options to filter out select titles and review what children are watching.
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United Airlines drastically cuts California flights to match demand
United Airlines Holdings Inc said on Tuesday it was temporarily, but significantly, reducing daily flying in and out of Los Angeles and San Francisco airports to better match demand that has dropped due to the new coronavirus.
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Goldman Sachs must face class action over conflicts of interest, risky mortgages
Goldman Sachs Group Inc must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund manager, when creating risky subprime securities before the 2008 financial crisis.
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Facebook launches new chat app for couples
Facebook Inc on Tuesday launched a new messaging app for couples called "Tuned" that allows them to chat, share photos and music as well as have a timeline of shared memories.
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U.S. SEC's Clayton says companies seeking bailouts must disclose plans, communicate with investors
The head of the U.S. Securities and Exchange Commission (SEC) said on Tuesday that companies in discussions about bailouts resulting from the economic impact of the coronavirus outbreak should disclose to investors where they stand.
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WeWork sues SoftBank after $3-billion tender offer falls through
WeWork's owner, The We Company, has sued SoftBank Group, challenging its largest shareholder's decision to terminate a $3 billion tender offer for shares in the office-space sharing firm.
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U.S. treasury secretary to seek additional $250 billion for small business
U.S. Treasury Secretary Steven Mnuchin said on Tuesday that he would seek an additional $250 billion to support small businesses hurt by the widespread economic slowdown.
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Wall Street gains on hopes of coronavirus slowdown
Wall Street rose on Tuesday on early signs of the coronavirus outbreak plateauing in some of the biggest U.S. hot spots, with the New York governor saying social distancing measures to curtail the spread of the virus were working.
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Oil dips on doubts over output cuts, crude glut woes
Oil edged lower on Tuesday on uncertainty over whether the world's biggest producers would agree to cut output in the face of a swelling crude oil glut as fuel demand has been hammered during the coronavirus pandemic.
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Millions of aviation jobs at risk, airlines can't afford refunds: IATA
Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry's representative body said airline finances were so fragile they could not afford to refund customers.
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TJX to furlough most of about 286,000 staff as stores stay shut amid pandemic
Off-price retailer TJX Companies Inc said on Tuesday it would furlough most of the employees at its stores and distribution centers, as outlets remain closed to curb the spread of the coronavirus.
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Layoffs, closures to wipe out 6.7% of working hours worldwide in second quarter: ILO
Workplace disruptions caused by the COVID-19 pandemic are expected to wipe out labor equivalent to the effort of 195 million full-time workers, or 6.7% of hours clocked worldwide, in the second quarter of this year, the International Labour Organization (ILO) said on Tuesday.
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Colombian businesses call for more aid after quarantine extension
Colombian businesses on Tuesday called on the government to expand measures to help companies weather coronavirus, after President Ivan Duque extended a nationwide lockdown by two weeks.
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