 | | | | The euro rose on better-than-expected German business morale data on Tuesday while global equity markets gained, with the S&P 500 and Nasdaq poised to set new closing highs, as a phone call between U.S. and Chinese trade officials fueled optimism. | | | | | | American Airlines said on Tuesday its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID-19 pandemic continues to weigh on air travel, unless the government extends aid for airline employee payrolls. | | | | | | Brazilian labor prosecutors have sued JBS SA to compel the removal of workers at one of its chicken processing plants, asking the company to assess their health, and ultimately test them for the novel coronavirus, according to a statement on Tuesday. | | | | | | Units of Honda Motor Co have agreed to pay $85 million to settle an investigation by most U.S. states into its use of defective Takata airbag inflators in its vehicles, according to a consent order made public on Tuesday. | | | | | | J.Crew Group Inc said on Tuesday it expects to emerge from Chapter 11 in early September, after a bankruptcy court accepted its restructuring plan. | | | | | | Oil producers cut 1.56 million barrels per day, or 84% of the daily output, from U.S. offshore Gulf of Mexico wells ahead of a hurricane due this week, the Department of the Interior reported on Tuesday. | | | | | | The S&P 500 edged higher on Tuesday, with a drop in Apple stock capping gains from positive developments in U.S.-China trade and fresh progress in the medical battle against the coronavirus pandemic. | | | | | | Top U.S. and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday. | | | | | | U.S. consumer confidence dropped to a more than six-year low in August as households worried about the labor market and incomes, casting doubts on the sustainability of the economy's recovery from the COVID-19 recession. | | | | | | Consumer electronics retailer Best Buy Co Inc warned of a slowdown in sales in the third quarter as it faces risks from the coronavirus pandemic including unemployment, lower government stimulus and potential product shortages. | | | | | |
