Business

The Dow hit a record high on Thursday while the S&P 500 and the Nasdaq hovered near alltime highs as investors bet on more fiscal stimulus to ride out a coronavirusdriven recession with data showing a stalling recovery in the labor market.

Global shares rose for a ninth day running on Thursday, just off record highs, as investors digested recent gains, while bulls were sustained by the promise of more free money after a benign U.S. inflation report and a dovish Federal Reserve outlook.

Germany's Commerzbank reported a $3.3 billion fourthquarter loss on Thursday, sinking further into the red as it continued a major restructuring and dealt with the fallout of the COVID19 pandemic.

Platinum prices rose to their highest in more than six years on Thursday, extending a solid run on market hopes that an economic recovery would boost demand from the automobile sector.

ArcelorMittal, the world’s largest steelmaker, reported higher than expected fourth quarter earnings and said current chief financial officer Aditya Mittal would become chief executive, replacing his father and founder Lakshmi Mittal.

Brad Marchand scored 36 seconds into overtime to give the Boston Bruins a 32 victory over the New York Rangers on Wednesday night in the opener of a twogame set at Madison Square Garden.

Oil prices slipped on Wednesday, threatening to end the longest rally in two years as investors shrugged off industry data showing a fall in U.S. crude oil stocks that added to optimism about an expected rise in global fuel demand.

Southern Californiabased Virgin Orbit said Tuesday it has signed an agreement to launch a pair of small satellites for a Polish company later this year.

Eli Lilly has replaced its chief financial officer who resigned following an investigation into a personal relationship that violated company policy.

Oil prices ended a sixsession bull run on Tuesday but the Brent benchmark remained near 13month highs over $60 a barrel, supported by supply cuts by major producers and optimism over a recovery in fuel demand.

Hardened by the pain of Brexit, clashes with the Trump presidency and a new realism over China, a bruised European Union is due next week to set out a future trade policy designed to help it deal with partners it does not trust.

Bitcoin was fast approaching the $50,000 mark on Tuesday as the afterglow of Elon Muskled Tesla's investment in the cryptocurrency had investors reckoning it may become a mainstream asset class for both corporations and money managers.

The Delhi High Court order said that Amazon had no reason to seek a status quo order, when it was not interested in the deal.

A prominent Singapore businessman has said he will exit his investment in a tobacco firm linked to the Myanmar military, after the army deposed the country's democratically elected government in a coup last week.

Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk's electric vehicle company Tesla Inc revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sen...

Hong Kong's top court denied bail on Tuesday to media tycoon and Beijing critic Jimmy Lai, the most highprofile person to be charged under the city's national security law.