 | | | | Global equity markets rebounded on Tuesday, buoyed by a surge in cyclical stocks on Wall Street, in a bet the economic recovery would overcome a rollback of California's reopening, while safe-haven gold prices solidified gains above $1,800 an ounce. | | | | | | Wall Street rose on Tuesday, led by energy and materials, as investors looked beyond a recent surge in coronavirus cases and rotated out Amazon and other recent strong performers. | | | | | | Iowa-based seed companies owned or partially owned by billionaire Harry Stine won approval for at least six loans - totaling $2.55 million to $6.35 million - in the first round of the federal government's pandemic aid program for small businesses, an analysis of government data showed. | | | | | | Elanco Animal Health Inc has decided against acquiring Bayer AG's Canadian distribution rights to several poultry insecticides, Canada's Competition Bureau said on Tuesday, as it looks to complete a $7.6-billion deal. | | | | | | Alphabet Inc's Google records what people are doing on hundreds of thousands of mobile apps even when they follow the company's recommended settings for stopping such monitoring, a lawsuit seeking class action status alleged on Tuesday. | | | | | | The U.S. economy will have a slower-than-expected recovery amid a surge in novel coronavirus cases across the country and a broad second wave of the disease could cause economic pain to deepen again, Federal Reserve officials warned on Tuesday. | | | | | | Months after the coronavirus arrived in the United States, the economy remains "mired" in crisis and policymakers need to create solutions that offer better support to struggling small businesses, Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday. | | | | | | Wells Fargo & Co will launch a broad cost-cutting initiative this year, executives said on Tuesday, as the bank braces for massive loan losses caused by the coronavirus pandemic and continues to work through expensive regulatory and operational problems tied to a long-running sales scandal. | | | | | | Tulsa, Oklahoma, is an oil-industry town with a 75-foot (23 m) statue called "The Golden Driller." | | | | | | It may become relevant for the U.S. Federal Reserve to consider using yield curve control in the future alongside the use of forward guidance to help speed the U.S. economic recovery from the coronavirus pandemic, Fed Governor Lael Brainard said on Tuesday. | | | | | |
