(Bloomberg) -- European stocks rose on Tuesday while U.S. equity futures declined alongside Asian shares as investors weighed fresh trade tensions and an up-tick in coronavirus infections in several nations. The dollar rose for a second day.The Stoxx 600 Index swung from a loss to a gain as advances for telecom and healthcare shares helped lift the gauge. S&P 500 futures retreated after the Trump administration moved on Monday night to block investments in Chinese equities by a government ret...

(Bloomberg) -- President Donald Trump and allies are holding off on more coronavirus-related stimulus as his team tracks the impact of some $5 trillion already poured into the economy -- and banks on an economic rebound as shutdown measures are eased.But they may find themselves under more pressure to act again, sooner than they expected, if efforts to reopen the economy don’t rapidly bear fruit.Republicans and Democrats joined together in March to fast-track three stimulus measures totaling ...

(Bloomberg) -- Saudi Arabia’s state-controlled oil giant retained its massive dividend despite a 25% plunge in profit, and signaled it would keep spending in check as it braces for deeper damage from the oil crisis.Saudi Aramco, the world’s most valuable company, will pay a dividend of $18.75 billion for the first three months of 2020. That would leave it on track to meet its full-year goal of $75 billion, though the company didn’t specify if it was still committed to that number.The dividend...

The Walt Disney Company (NYSE: DIS) is planning a second debt offering this year, according to its filing with the Securities and Exchange Commission.What Happened Disney didn't disclose the amount it intends to raise as part of the six-part deal bonds sale, or the size of the trances or yields, as earlier reported by MarketWatch.It said that the money raised as part of the offering will be used for general corporate purposes, including the repayment of commercial paper and clearing other loa...

(Bloomberg) -- Vodafone Group Plc kept its sales growing in the three months to March and pressed ahead with plans to bring in new investors for its wireless towers next year. The shares rose as much as 8.8%.Chief Executive Officer Nick Read said Vodafone’s go-it-alone strategy in the U.K. was still the right one, after rivals Liberty Global Plc and Telefonica SA announced a $39 billion merger of their British operations.The international mobile carrier reported organic service revenue growth...

(Bloomberg) -- Oil edged higher as signs of a recovery in demand continued to surface following the easing of virus-led lockdowns in some regions, while Saudi Arabia pledged to cut production further.Futures rose 2.6% in New York after falling Monday. Pockets of fuel demand are starting to emerge in India and China, and while a huge glut remains, global stockpile builds are starting to slow. Saudi Arabia announced a surprise move to deepen daily output cuts by another 1 million barrels, which...

Musk's fortune rose by $6.07 billion on Friday, Bloomberg News said, following a 10.8% jump in the electric carmaker's stock. Buffett's net worth dropped earlier this week when he donated $2.9 billion in Berkshire Hathaway stock to charity, the report added.

With the market getting extra frothy, it is legitimate to wonder whether we are in the midst of a bubble. Despite the growing disconnect between Wall Street and Main Street, the surge has been almost relentless since the coronavirus inflicted meltdown in March. Tech stocks, in particular, have outperformed, including the world’ largest company by market cap – Apple (AAPL).It has become increasingly hard to keep up, as Apple has repeatedly notched new all-time highs recently. In a research not...

(Bloomberg) -- Texas hospitalizations topped 10,000 for the first time and California suffered its second-highest day of deaths. Florida’s biggest county had a record number of patients in its intensive-care units.New York will allow limited visitors into nursing homes and long-term facilities for the first time in months. Overall U.S. cases rose 1.9%, matching the average daily rise over the past week.Gilead Sciences Inc.’s remdesivir treatment reduced the mortality risk for Covid-19 patient...

The airline industry has been hit hard by COVID-19. Border closures and shelter in place measures brought the industry to a standstill during the virus’ initial wave, as air traffic was grounded across the globe.Whether the pandemic has peaked or not, United Airlines (UAL) upcoming flight schedule acknowledges normality is still a way off. Air travel volume remains weak and currently United’s cash burn rate amounts to roughly $40 million a week. As a result, United has issued warnings that al...