The Nasdaq closed 1.4% lower and the S&P dipped slightly on Tuesday as investors sold off technology stocks that benefited from virus lockdowns, favoring sectors that have suffered most during the pandemic instead on hopes a COVID-19 vaccine will turn the economy around.
President-elect Joe Biden should push for a summit of the Group of 20 major economies early next year, former senior U.S. officials said on Tuesday, to renew the U.S. commitment to diplomacy and fight the global health and economic impacts of the COVID-19 pandemic.
Mental health and crisis workers in New York City will respond to emergency mental health calls instead of law enforcement under a pilot program announced on Tuesday, following months of protests around the country over police brutality.
Lyft Inc said on Tuesday it was working on a new service to take a slice of the burgeoning food-delivery market as it works to make up for a 48% drop in quarterly revenue and a slow recovery of ride-hail demand.
On Aug. 21, a tanker called the Otoman docked at the Jose oil terminal on Venezuela's coast in the Caribbean to load 1.82 million barrels of heavy crude, according to the state oil company's internal documents.
China's Tencent Music Entertainment Group on Tuesday reported better-than-expected quarterly revenue as it added more paying users to its music streaming service, at a time when people are largely homebound due to the COVID-19 pandemic.