|  | | | | | | | | Oil prices rose about $1 a barrel on Tuesday, hitting the highest in more than four months with a boost from a European Union stimulus deal and hopeful news about coronavirus vaccine trials. | | | | | | The S&P 500 edged higher on Tuesday, as investors rotated into economically sensitive cyclical stocks, optimistic that Washington will deliver a new round of stimulus to sustain the U.S. economic recovery from a pandemic-induced recession. | | | | | | United Airlines Holdings Inc said on Tuesday it burned through about $40 million per day in the second quarter but sees that amount slowing to roughly $25 million in the third quarter as it matches its flight schedule to coronavirus-hit demand. | | | | | | Uber was defending its business model on Tuesday at Britain's Supreme Court in a battle over rights in the workplace that could have ramifications for millions of Britons earning a living in the gig economy. | | | | | | Best Buy Inc said on Tuesday that it would raise hourly wages for its employees by 4%, replacing its short-term incentive pay it introduced during the pandemic, from Aug. 2. | | | | | | Snap Inc on Tuesday said an initial lift in user growth at the start of coronavirus-led lockdowns dissipated faster than it expected, though the company beat expectations for quarterly revenue as advertisers turned to the app to reach younger users. | | | | | | Texas Instruments Inc forecast third-quarter revenue above Wall Street estimates on Tuesday, offering some hope to the chip industry reeling from disruptions caused by the coronavirus pandemic. | | | | | | World shares rallied to their highest since February and the euro hit its strongest in 18 months on Tuesday after European Union leaders agreed on a landmark stimulus package to revive regional economies ravaged by the coronavirus. | | | | | | The benchmark S&P 500 U.S. stock index is now positive for the year, yet most of its components have sat out the rally. | | | | | | Tapestry Inc Chairman and Chief Executive Officer Jide Zeitlin stepped down on Tuesday amid an investigation into his personal behavior, a source familiar with the matter said. | | | | | | | | | | | |
