All About Everything

Big Oil Companies Lose Billions, Prepare for Prolonged Pandemic

Big oil companies endured one of their worst second quarters ever and are positioning themselves for prolonged pain as the coronavirus pandemic continues to sap global demand for fossil fuels. Exxon XOM -4.91% Mobil Corp. posted its second consecutive ...

Consumer Spending Rose 5.6% in June

U.S. consumers increased spending a solid 5.6% in June but appear to have pulled back since then, restraining the economy's recovery from the coronavirus outbreak. Spending rose for the second consecutive month after steep declines in the spring during ...

FOREX-Dollar rises but posts biggest monthly drop in a decade

... * Dollar index up slightly after recent weakness * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E (Adds quotes, latest prices) By Caroline Valetkevitch NEW YORK, July 31 (Reuters) - The dollar rose against a basket of currencies on Friday as investors ...

How strong is too strong? Euro's 10% rally fans fears of side effects

LONDON (Reuters) - After years of gloom, euro bulls will be celebrating the single currency's brisk rally to two-year highs against the dollar, yet the euphoria is now being tempered by caution over what side effects the rapid run-up might bring. FILE PHOTO: ...

Tech titans had their day before Congress. Now what?

(CNN Business) For nearly six hours on Wednesday, House lawmakers peppered the CEOs of Amazon (AMZN), Apple (AAPL), Facebook (FB) and Google (GOOGL) with questions about their business practices, in the most anticipated antitrust hearing of its ...

Some Facebook Ad Boycotters Return—But Plenty of Big Players Are Staying Away

Some advertisers that left Facebook Inc. for July to protest the proliferation of hate speech on its platforms say they are coming back, while the tech giant's financial outlook suggested the boycott isn't taking a major financial toll. VF Corp.'s North Face, arguably ...

Washington Post: USPS workers sound alarm about new policies that may affect 2020 mail-in voting

(CNN) Postal workers and union leaders are worried that new, recently implemented procedures -- which have led to delays across the country in mail delivery -- could impact mail-in voting for the November election, according to a Washington Post report.

GLOBAL MARKETS-European shares rebound from lows, euro set for best month in a decade

The New York Times

... * Graphic: 2020 asset performance tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh. By Ritvik Carvalho. LONDON, July 31 (Reuters) - European shares recovered from their lowest levels in a month on Friday, as investors looked past ...

FOREX-Dollar heads for biggest monthly drop in a decade as virus fuels US economy fears

... * Dollar has lost nearly 5% in July. * Euro jumps to $1.19, eyes best month since 2010. * Anti-dollar sentiment builds on election worries. * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E (Adds details, latest prices). By Tommy Wilkes. LONDON, July 31 ...

What to watch today: Stocks to rise slightly after strong earnings from large tech firms

CNBC

CNBC

U.S. stock futures indicated a higher open at the bell following robust quarterly earnings from some of the biggest tech companies that topped Wall Street forecasts. Dow futures implied a roughly 80-point opening gain, while S&P 500 and Nasdaq futures were ...