Business

Ford Motor Co said on Tuesday it plans to hire 350 more U.S. workers to expand production capacity for its electric F150 pickup truck in Michigan and add assembly of electric commercial vans at a plant near Kansas City, Missouri.

Oil prices rose on Tuesday as hopes that a COVID19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand of new lockdowns to curb the virus.

Beyond Meat posted a surprise quarterly loss and lowerthanexpected sales on Monday, hurt by weaker demand for its plantbased meat at restaurants and retail stores after a surge at the start of the COVID19 pandemic.

Layoffs in Britain hit a record high during the third quarter as the unemployment rate jumped, according to official data that showed the jobs market declined rapidly before finance minister Rishi Sunak made a Uturn on COVID support measures.

Oil prices dropped on Tuesday as concerns over fuel demand in the near term in coronavirushit Europe and the United States returned to haunt the market after an overnight surge on progress towards a COVID19 vaccine.

Wall Street's main indexes hit record highs on Monday as the first successful data from a latestage COVID19 vaccine trial spurred hopes of the economy recovering quickly from a year of pandemicdriven crisis.

Investors expecting an imminent COVID19 vaccine are beginning to buy bank stocks and industrials in anticipation of a roaring return in consumer confidence, though many remain wary of risks in sectors ravaged by the pandemic.

As coronavirus lockdowns hit the U.S. in March, Bloomin Brands CEO David Deno called an emergency meeting for his 12-member executive team.

An increasingly bearish picture is unfolding for the U.S. dollar, which has suffered its worst week since March on signs that Federal Reserve money printing rather than government spending may be deployed to bolster the economy in the aftermath of Tuesday...

The surge in risk appetite among investors after this week's U.S. Presidential election is likely to trigger an endofyear borrowing rush by developing world governments, analysts say.

Marriott is reporting dramatic improvements in the third quarter as travel demand rebounded in China.

A gauge of Asian shares rallied to a near threeyear peak while the dollar stayed sluggish and U.S. bond yields slipped on Friday in anticipation that a divided U.S. legislature would limit major policy changes and keep the status quo on economic policies.

Speaking to 20 top global investors, the Prime Minister said the "Self-Reliant India" campaign does mean the country is becoming a closed economy but rather offers opportunities to be part of the India growth story.

Even with mortgage rates hovering near alltime lows, rising home prices are putting more pressure on buyers to come up with a bigger down payment.

Benchmark U.S. crude oil for December delivery rose $1.49 to $39.15 a barrel Wednesday. Brent crude oil for January delivery rose $1.52 to $41.23 a barrel.

The University of Oxford hopes to present latestage trial results on its COVID19 vaccine candidate this year though its top scientific investigator cautioned it would still take some time for life to return to normal.