Category: Business

Outdoor apparel brand Patagonia Inc will pause its ads on Facebook Inc (FB.O) and Facebook’s photo-sharing app, Instagram, making it the latest company to join a boycott campaign organized by U.S. civil rights groups. “We will pull all ads on Facebook and Instagram, effective immediately, through at least the end of July, pending meaningful action […]

The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection laws in federal courts. The court reaffirmed the agency’s authority to seek disgorgement, a part of its civil enforcement arsenal aimed at passing on […]

The U.S. Supreme Court on Monday turned away a challenge to President Donald Trump’s tariffs on imported steel brought by an industry group that had argued that a key part of the law under which he imposed the duties violates the U.S. Constitution. The justices declined to hear the American Institute for International Steel’s appeal […]

The New York Stock Exchange (NYSE) submitted an amended rule change with the U.S. Securities and Exchange Commission (SEC) on Monday in a bid to enable companies that debut on the stock market through a direct listing to raise capital. The move has the potential to transform the market for initial public offerings (IPOs), which […]

The U.S. dollar weakened and higher-risk currencies including the Australian dollar jumped on Monday as investors focused on the prospect for an eventual economic recovery from the coronavirus pandemic. Traders bought riskier currencies even after signs of setbacks in the battle to contain the coronavirus. The World Health Organization (WHO) reported a record increase in […]

Oil was up 2% on Monday on tighter crude supplies from major producers and as coronavirus lockdowns kept easing despite a record rise in cases globally. Brent crude settled at $43.08 a barrel, up 89 cents, or 2.1%. The West Texas Intermediate (WTI) crude contract for August, the day’s more-active contract, settled at $40.73 a […]

Crude oil prices and a gauge of global equity markets edged higher on Monday as lockdowns eased, with the Nasdaq setting a record closing high, but sentiment remained tenuous as coronavirus infections continued to rise. The dollar fell and higher risk currencies, including the Australian dollar, jumped as investors weighed improving economic data against the […]