China stepped up attempts to calm frayed investor nerves after a wild markets rout this week by telling foreign brokerages not to  “overinterpret” its latest regulatory actions, setting the stage for a rebound in beaten-down stocks on Thursday.

A roughly $1 trillion bipartisan infrastructure investment bill advanced in the US Senate on Wednesday, passing a key milestone that moves the emerging legislation toward formal debate and possible passage. 

Boeing Co on Wednesday posted its first quarterly profit in almost two years, as deliveries of its best-selling 737 MAX jets to airlines gained traction amid a sharp rebound in travel bookings following an increase in global Covid-19 vaccinations. 

Executives who run companies making everything from airplane parts to cars and steak burritos are at odds with economic policy makers on how durable the recent surge in US inflation will be and see higher prices hitting margins and profits through the remainder of this year, if not longer. 

Microsoft on Tuesday reported a jump in profits in the recently ended quarter, keeping strong momentum from accelerated gains in cloud computing during the pandemic. Profits for the fiscal fourth quarter rose 47 per cent to $16.5 billion and revenue grew 21 per cent to $46.2 billion.

The Biden administration is considering ways to ensure the US commercial fishing industry is paid for any losses it incurs from the planned expansion of offshore wind power in the Atlantic Ocean, according to state and federal officials involved in the matter. 

British Prime Minister Boris Johnson said Britain’s economy would show a steady recovery this year albeit with “bumps on the road” after the country posted a strong increase in the number of employees on company payrolls in June.

US oil refiners are set to post their first quarterly profit since the Covid-19 pandemic, even though higher oil prices and weaker margins in June have tamed analysts’ optimism fostered by the rebound in fuel demand. 

Walmart Inc on Tuesday said it will pay the full cost of college tuition and books for its roughly 1.5 million full and part-time employees, effective Aug. 16.

McDonald’s BTS celebrity meals and crispy chicken sandwiches are expected to fuel a US sales increase of 24 per cent when the company reports second-quarter earnings on Wednesday, but analysts are eyeing whether labor shortages could slow growth. 

Insurance brokers Aon Plc and Willis Towers Watson Plc said on Monday they had agreed to terminate their $30 billion merger agreement and end their litigation with the US Department of Justice. 

Britain is exploring ways to remove China’s state-owned nuclear energy company China General Nuclear Power Group (CGN) from all future power projects in the UK, the Financial Times reported, citing people familiar with the plans.

Uber driver Mae Cee scoffs at the notion, touted by the global ride-share service, that she and her peers are self-employed contractors -- and that most of them are happy with the arrangement.

US Treasury Secretary Janet Yellen urged lawmakers on Friday to increase or suspend the nation’s debt limit as soon as possible and warned that if Congress does not act by August 2 the Treasury Department would need to take “extraordinary measures” to prevent a US default. 

The US Trade Representative’s office on Friday said it had determined that no tariff action against Vietnam was warranted after its central bank agreed with the US Treasury not to manipulate its currency for an export advantage. 

Ford Motor said on Friday it was recalling about 775,000 Ford Explorer SUVs worldwide for a steering issue linked to reports of six injuries in North America. 

Tesla has launched an option for select customers to subscribe to its advanced driver assistance software, that is dubbed as “Full Self-Driving (FSD) capability”, for $199 (approx £14,847) per month as an alternative of paying $10,000 (approx £7.5 lakh) upfront. 

After years of waiting, Richard Branson’s journey to space this month on a Virgin Galactic vessel was supposed to be a triumphant homecoming. Instead, the jaunt attracted significant criticism -- about its carbon footprint.

Brazil’s national power grid operator (ONS) has asked electricity generators to postpone maintenance and technical work for as long as possible to help avoid worsening the energy crisis stemming from the country’s worst drought in almost a century. 

Minneapolis Federal Reserve President Neel Kashkari said many US economic sectors faced rapidly rising prices and were struggling to adjust to reopening after the shutdown.