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Ian Taylor, who built Vitol into the world's biggest oil trader, has died from pneumonia at the age of 64, the company said on Tuesday, after surviving bouts of cancer and a stroke last year.

In addition to signaling a possible turn in the economy, the big job gains in May give the Federal Reserve some more wiggle room before its next policy move.

U.S. luxury jeweler Tiffany & Co said on Tuesday it had amended certain of its debt agreements in order to have sufficient liquidity to navigate the coronavirus outbreak as it posted a 43% slump in quarterly sales.

U.S. stock index futures dropped on Tuesday, giving back some gains after the Nasdaq notched a record closing high in the previous session, with focus now on the Federal Reserve's two-day policy meeting.

S&P Global Ratings on Tuesday lowered its outlook on Japan's sovereign debt rating to stable from positive, citing increased uncertainty over the country's fiscal health as it boosts spending to overcome the effects of the coronavirus pandemic.

European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of the World Trade Organization, a post that will become vacant at start of September.

As Sharif Uddin contemplates leaving the cramped Singapore dormitory where he has spent weeks under coronavirus quarantine, fears about his future creep in.

Entrepreneurs are in unprecedented times, contending with a pandemic that's taken a massive toll on human life and the global economy. Financial advisors are among the business owners trying to survive amid a disaster.

The number of Americans unemployed for a long stretch of time has remained steady since the start of the year. Families and the broader economy could be in trouble if that changes.

Bankrupt names Hertz, Whiting Petroleum, Pier 1 and J.C. Penny saw their shares surging at least 70% each in Monday's trading alone, some of which more than doubling.

Nikola Corporation, which makes battery-electric and hydrogen-electric trucks, has more than doubled since it began trading on June 4.

Restaurant owners in Colorado are busy opening up their patios and spacing out tables after receiving the much-anticipated green light to restart in-person dining. While most are excited to reopen their business, many remain cautious moving forward.

Volkswagen Chief Executive Herbert Diess apologised to the company's supervisory board for having made "inappropriate and wrong" statements at an internal event, the carmaker said on Tuesday.

U.S. stocks fell on Tuesday as investors paused ahead of a Federal Reserve meeting that could offer views on the recent signs of economic recovery that drove the tech-heavy Nasdaq to an all-time high in the previous session.

Glass maker Corning Inc said on Tuesday it would receive $204 million from the U.S. government to boost manufacturing capacity of its vials that will be used to package coronavirus vaccines and treatments.