By NEW YORK (Reuters) - MSCI’s gauge of global stocks and the Nasdaq extended their runs to fresh highs on Tuesday, and oil prices pushed their rally into a seventh straight session as strong earnings and economic recovery prospects buoyed investor sentiment.The S&P 500 and Dow ended slightly lower, however, breaking their six-day streak of gains, as investors rotated out of large-cap tech names into other sectors.Bitcoin climbed to another all-time peak, extending gains in the wake of an endorsement from Tesla Inc.On Wall Street, investors awaited further news on the proposed $1.9...…By NEW YORK (Reuters) - MSCI’s gauge of global stocks and the Nasdaq extended their runs to fresh highs on Tuesday, and oil prices pushed their rally into a seventh straight session as strong earnings and economic recovery prospects buoyed investor sentiment.The S&P 500 and Dow ended slightly lower, however, breaking their six-day streak of gains, as investors rotated out of large-cap tech names into other sectors.Bitcoin climbed to another all-time peak, extending gains in the wake of an endorsement from Tesla Inc.On Wall Street, investors awaited further news on the proposed $1.9...WW…

By , (Reuters) - Executives at the top U.S. banks warned investors this week that 2020 revenue will be lower than expected due to weak loan demand and an uptick in repayments during the coronavirus pandemic.Slideshow “Most of them are saying, ‘We don’t need money,’” CEO Brian Moynihan said in a virtual investor conference on Tuesday. “We tended not to believe them, honestly.”But loan balances at the Charlotte-based bank dipped below pre-pandemic levels earlier this month, potentially setting up its loan book to shrink in the third quarter for the first time since 2015, according to an...…By , (Reuters) - Executives at the top U.S. banks warned investors this week that 2020 revenue will be lower than expected due to weak loan demand and an uptick in repayments during the coronavirus pandemic.Slideshow “Most of them are saying, ‘We don’t need money,’” CEO Brian Moynihan said in a virtual investor conference on Tuesday. “We tended not to believe them, honestly.”But loan balances at the Charlotte-based bank dipped below pre-pandemic levels earlier this month, potentially setting up its loan book to shrink in the third quarter for the first time since 2015, according to an...WW…