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Snowflake Inc IPO raises $3.36 billion in year's biggest US listing

The IPO, which was priced at $120 per share, values the cloud-based data warehouse firm at north of $30 billion

US Fed nominee Shelton doesn't yet have Senate support, Thune says

Judy Shelton does not currently have the votes to win confirmation in the US Senate, Republican Senator John Thune said Tuesday

Perpetual recession? Recovery in a year? Economists divided on US future

The economy is currently about 11 million jobs below February's level. It took more than four years, until mid-2014, to recover the 8 million jobs lost in the 2007-2009 recession

In vaccine race, China inoculates thousands before trials are completed

Beijing has not released official data on the uptake in domestic targeted groups, which include medical, transport and food market workers

737 MAX crash victims seek US legislation to block Boeing legal strategy

The 737 MAX crash in Ethiopia occurred just five months after a similar disaster on a Lion Air flight in Indonesia

US dollar softness to continue; Euro, yen best placed, says PIMCO

Fed Chair Jerome Powell on Wednesday could signal a switch in the Fed's Treasury purchases toward longer-dated debt to keep long-term yields low, some strategists anticipate

Asian stocks cheer upbeat data but temper appetite ahead of US Fed meeting

The Fed is due to announce its decision on Wednesday, followed by a news conference from Jerome Powell

USFDA's Hahn plans significant work with AstraZeneca in Covid trial inquiry

The top US Food and Drug Administration official confirmed AstraZeneca's US Covid-19 vaccine trial is on hold

FedEx wrings out profit as pandemic-fueled e-commerce deliveries surge

Revenue per package rose 2% to $9.33 during the quarter, which also included one additional business day

Oracle close to TikTok deal as ByteDance aims for majority ownership

Trump issued an executive order last month that would ban TikTok in the United States as early as Sept. 20 if ByteDance does not comply with a sale

Argentina unveils post-crisis budget with 5.5% economic rebound in 2021

Argentina's economy is in recession for the third year in a row, with a central bank poll predicting a 12% contraction in 2020

AT&T considers cellphone plans partially subsidised by ads in one year

Various companies including Amazon.com Inc, Virgin Mobile USA and Sprint's Boost Mobile have tested advertising supported phone services since the early 2000s

US Presidential elections 2020: Joe Biden rips Trump's record on ethanol

Under the Renewable Fuel Standard, refiners must blend billions of gallons of biofuels like ethanol into the nation's fuel mix, or buy credits from those that do

Total unit signs deal with Singapore LNG Corp for solar energy system

SLNG is also exploring ways to speed up the use of LNG and other green energy alternatives

Banks lower revenue outlook as coronavirus pandemic crimps loan demand

Bank of America, the second-largest US bank by assets, said it found little appetite for new loans when it surveyed its corporate clients twice this year

Google grilled on ad business, misuse of dominance by US Senate panel

Google faced a bipartisan buzzsaw of tough questions about its ad business in a hearing on Tuesday, with a particular focus on whether it misused its dominance in online advertising to drive profits

A quarter of US energy output offline as Hurricane Sally advances

Sally weakened on Tuesday to a Category One hurricane with sustained winds of 80 miles per hour

Opendoor to go public in Social Capital merger in $4.8-billion deal

Opendoor Labs Inc said it has agreed to go public through a merger with a blank-check company led by venture investor Chamath Palihapitiya in a deal that will value the company at $4.8 billion

Trump reviews ByteDance's plan to keep majority stake in TikTok: Report

Trump has ordered ByteDance to divest TikTok amid US concerns that user data could be passed to China's Communist Party government

SoftBank Group buybacks paused in August, so did its stock rally

It blamed "nonpublic facts" around insider trading for the inaction, a likely allusion to its mega-deal to sell its Arm chip division for $40 billion to Nvidia, announced Monday