Category: Business

Call it the turtle solution to wanderlust in the age of COVID-19. Eager to travel – but wary of hotels, airplanes and restaurants – more Americans are taking their homes with them everywhere they go, reviving a recreational vehicle business that had been devastated by shutdowns earlier this year. Wholesale shipments of RVs posted their […]

A faster paced energy transition through a speedier shift to electric vehicles has created a new, substantial demand stream for aluminium and major opportunities for auto supply chain firms flying under investors’ radar. Previously shunned in favour of cheaper steel, aluminium consumption in electric vehicles is expected to accelerate over coming years as COVID-19 hastens […]

Facebook Inc (FB.O) said on Monday it has delayed the release of its second-quarter results by a day to July 30 to allow Chief Executive Officer Mark Zuckerberg to appear for a rescheduled Congressional hearing. The hearing, which will also include heads of Alphabet Inc’s Google (GOOGL.O), Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O), is […]

Under Armour Inc disclosed on Monday that its top executives had received a Wells notice from the U.S. Securities and Exchange Commission related to an investigation about the sportswear maker’s accounting practices. Last year, the company said it was cooperating with federal investigators in connection with a probe about whether it shifted sales from quarter […]

AstraZeneca (AZN.L) will pay up to $6 billion to Japan’s Daiichi Sankyo (4568.T) under the drugmakers’ second multi-billion dollar oncology collaboration to develop and market a new type of targeted cancer treatment. The British drugmaker has been bolstering its portfolio of cancer therapies, particularly ADCs, a major area of focus for the company as it […]

Gold’s record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19’s global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China trade tensions. Spot gold prices XAU= have surged 53% in the last 14 months, blowing past 2011’s record high of $1,920.30 an ounce […]

McDonald’s Corp (MCD.N), Starbucks Corp (SBUX.O), Yum Brands Inc (YUM.N) and other big restaurant chains could show improving sales, based on early results from rivals such as Chipotle Mexican Grill Inc (CMG.N) that improved despite dining rooms shuttered for months. Large brands have been able to shift quickly to simplified menus, mobile ordering, pick-up, drive-thru […]