Oil futures are up sharply after touching a five-month high, maintaining gains after government data confirms a large drop in U.S. crude inventories, though gasoline supplies show an unexpected rise.
Beyond Meat Inc. shares abruptly ended what had been a steep ascent Tuesday, plunging 8% in premarket trading after the plant-based meat maker logged a widening loss.
Retailers, health-care providers and most other service-oriented businesses expanded in July for the second month in a row, suggesting the economy showed more resilience than expected even after a spike in coronavirus cases caused many states to reim...