Business

The S&P 500 and Dow crept higher on Tuesday as investors held out for more U.S. government stimulus, but strained Sino-U.S. relations over TikTok and disappointing quarterly earnings from Ralph Lauren and AIG curbed gains.

Europe's air safety watchdog has no firm date for Boeing's grounded 737 MAX to resume flights, it said on Tuesday, adding that the U.S. planemaker had some more work to do before a 17-month-old safety ban could be lifted in Europe.

Spirit AeroSystems on Tuesday reported a bigger-than-expected quarterly loss and pushed its target of becoming cash flow positive by another year, as top customers Boeing and Airbus slashed production due to a collapse in global travel.

Microsoft has emerged as a savior to young users of TikTok, who praised the tech industry giant for trying to buy parts of the social media company's operations, in hopes of avoiding a U.S. shutdown.

Take-Two Interactive Software Inc sold over 15 million units of "Grand Theft Auto V" in the first two quarters of the year, as more people lapped up the action-adventure videogame to keep themselves entertained during lockdowns.

South Africa's Labour Court on Tuesday ordered state defence firm Denel to pay workers outstanding salaries for May, June and July by Friday, Aug. 7, a copy of the court judgment showed.