Tuesday, 4 August 2020

Wall St. ends higher as investors eye stimulus

Wall St. ends higher as investors eye stimulus

Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic.

China, U.S. to hold 'high-level' trade talks on August 15: WSJ

The United States and China have agreed to hold high-level talks on Aug. 15 with the aim of assessing compliance by China with respect to a bilateral trade agreement signed earlier in 2020, the Wall Street Journal reported on Tuesday, citing sources.

Virgin Atlantic Airways seeks U.S. Chapter 15 bankruptcy protection

Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.

Gold soars past $2,000, gold up on stimulus plan

Gold surged past the $2,000 mark on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirus-hit economy while stocks on Wall Street ended higher as investors awaited more aid from Washington.

Match beats revenue estimates as Tinder user growth picks up

Match Group Inc beat Wall Street estimates for quarterly revenue on Tuesday and forecast current-quarter sales above expectations as its online dating app Tinder attracted more users during the COVID-19 pandemic.

Disney posts rare quarterly loss on COVID-19 blow

Walt Disney Co missed quarterly revenue estimates and reported a rare loss on Tuesday, as the COVID-19 pandemic pummeled its theme parks and movie studio businesses, even as the crisis helped its streaming services gain subscribers.

"Call of Duty" propels Activision to raise full-year sales forecast

Activision Blizzard Inc raised its full-year forecast for adjusted sales after beating quarterly estimates on Tuesday, encouraged by a pandemic-driven surge in gaming and the next release in its blockbuster "Call of Duty" franchise later this year.

Diageo full-year sales plunge as demand in bars, restaurants dries up

Diageo Plc , the world's largest spirits maker, took a 1.3 billion pound writedown as it reported a bigger than expected decline in underlying net sales on Tuesday as demand for its whisky, vodka and gin fell in nearly all markets.

White House says unclear whether U.S. government will get cut of TikTok sale

White House officials on Tuesday could not say how the U.S. government would receive a portion of the proceeds from any sale of TikTok's U.S. operations, one day after President Donald Trump called for a cut of the money.

Italy's Atlantia says hits 'concrete difficulties' in talks on Autostrade split

Italy's Atlantia said on Tuesday it had encountered "concrete difficulties" in talks with state lender Cassa Depositi e Prestiti (CDP) over CDP's planned investment in its Autostrade per l'Italia and was studying alternative options.

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