Strong online sales and demand from Chinese shoppers and students heading back to school are expected to have helped Nike swing back to a profit in the first quarter, a sequential improvement from the surprise loss it posted in July, according to Refinitiv.
The U.S. Department of Labor on Tuesday said it would soon propose a rule that could make it easier to classify workers as independent contractors rather than employees, a major issue for the "gig economy" and other industries that use contractors to contain costs.
Democratic Senators Richard Blumenthal and Ed Markey called on the Federal Aviation Administration (FAA) to make public all data and information used to justify the Boeing MAX’s return to service and disclose any internal objections raised by FAA employees.
U.S. home sales surged to their highest level in nearly 14 years in August as the housing market continued to outperform the broad economy, though record home prices could be an obstacle for first-time buyers.
The U.S. securities regulator is poised to walk back a proposal to impose discretionary caps on whistleblower awards and tighten deadlines for formally filing tips when it votes to overhaul the bounty program this week, five people briefed on the matter told Reuters.
Deutsche Bank is preparing for a wave of mergers, its finance chief said on Tuesday, in a potential change for Germany's biggest lender, which has been focused firmly on a turnaround.
Ralph Lauren Corp said on Tuesday it would cut global workforce by the end of its fiscal year as part of a company-wide restructuring to focus more on online sales.
The S&P 500 and Nasdaq indexes were set to open higher on Tuesday, with beaten-down shares of technology-related companies leading early gains, while Dow futures were subdued on uncertainty over more U.S. fiscal stimulus.
Organisers of the World Economic Forum's (WEF) annual gathering of business and political leaders are looking beyond the traditional mountaintop venue of Davos for next year's summit, Swiss newspapers reported on Tuesday.
Dish Network Corp said on Tuesday it has hired a new leader for its Boost Mobile prepaid wireless phone brand, which will seek to fashion itself as the next innovator in the U.S. wireless industry.
