Business

U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, with energy prices moving sharply higher.

CureVac , one of Germany's leading contenders to develop a COVID19 vaccine, said it aims to raise up to $245 million in an initial public offering (IPO) on the U.S. Nasdaq.

Gold gave up early losses and gained on Monday after U.S. Treasury Secretary Steven Mnuchin said an agreement over coronavirus relief aid could be reached by this week to help the pandemichit economy.

A look at some of the key business events and economic indicators upcoming this week:

Hyundai Motor Co stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniqbrand electric vehicles (EVs) as it aims to become the thirdlargest EV maker by 2025.

Saudi state oil group Aramco's profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world's biggest oil exporter.

Saudi Arabian state oil group Aramco on Sunday reported a 73.4% fall in secondquarter net profit, a steeper drop than analysts had expected, hit by lower crude oil prices and declining refining and chemicals margins, as the coronavirus hit demand.

A government agency said a potential deal to have Eastman Kodak help make generic drugs is being paused until allegations of insider trading at the once mighty photography company are cleared.

Chinese tech giant Huawei is running out of processor chips to make smartphones due to U.S. sanctions and will be forced to stop production of its own most advanced chips, a company executive says, in a sign of growing damage to Huaweis business from Amer...

President Donald Trump has ordered sweeping but vague ban on dealings with the Chinese owners of popular apps TikTok and WeChat, saying they are a threat to U.S. national security, foreign policy and the economy.

A resurgence in COVID19 cases didnt shut off the American job creation machine last month but it did slow it down.

Small businesses are in limbo again as the coronavirus outbreak rages and the governments $659 billion relief program draws to a close.

The U.S. Department of Agriculture on Friday reported private sales of U.S. soybeans to China of 456,000 tonnes, the biggest singleday soy sale to the world's top buyer since June 11.

The move comes after it was noticed that such proposals were not received in the stipulated time period of two months, thus causing delay in processing of vigilance cases.

Bollywood filmmaker and seasoned producer Shiv Panniker comes up with a surprise for his Indian audience by launching his first ever graphic novel, Gone Case, a combo of mystery and horror.

Gold's recordbreaking rally paused on Friday as the dollar got some respite from investors looking for a hedge against the U.S.China spat, but fears over a worsening pandemic kept bullion on track for its longest streak of weekly gains in about a decade.