Business News
Wall St. bounces back, led by industrials
U.S. stocks rebounded on Tuesday, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China.
Year: 2018
Business News
Apple earnings beat expectations as it sells pricier iPhones
Apple Inc on Tuesday posted quarterly results that topped Wall Street targets and forecast revenue in the current quarter above expectations, driven by sales of higher-priced iPhones and revenue from services like the App Store, Apple Music and iCloud.
Business News
Mexico says dispute resolution, autos and sunset clause key to NAFTA deal
Mexico’s economy minister said on Tuesday that among the top issues to resolve in order to reach an agreement on a new NAFTA trade deal are dispute resolution, auto sector rules and the so-called “sunset clause.”
Business News
Devon reports quarterly loss compared with year-ago profit
U.S. oil producer Devon Energy Corp reported a quarterly loss compared with year-ago profit on Tuesday, hurt by higher expenses and a strong dollar.
Business News
Wall St. rebounds, led by industrials; S&P has best month since January
U.S. stocks rebounded on Tuesday, led by gains in industrial shares following reports of renewed trade negotiations between the United States and China.
Business News
Mexico president-elect Lopez Obrador sees NAFTA deal soon
Mexican presidential winner Andres Manuel Lopez Obrador said on Tuesday that he expected there would be an agreement in the renegotiation of the North American Free Trade Agreement (NAFTA) in the coming days.
Business News
DoubleLine’s Gundlach: Short-maturity U.S. Treasuries look attractive
Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that short-maturity U.S. Treasuries “look as good” relative to stocks and long-maturing bonds than they have in a long time.
Trading Ideas
LIVE: Here comes Apple's Q3 earnings (AAPL)
Apple will report its fiscal third-quarter earnings on Tuesday after markets close. …read more […]
Business News
Einhorn’s Greenlight is trying to end fund losses: letter
Billionaire investor David Einhorn, whose Greenlight Capital lost 18.3 percent in the first six months of the year, told clients on Tuesday he has been trying to repair the damage.
Trading Ideas
It's Finally Time for AMC to Thank MoviePass
AMC Stubs A-List continues to benefit from the arrival and now upheaval at MoviePass. …read more […]
Business News
MGM Resorts signs sports betting agreement with NBA
MGM Resorts International said on Tuesday it signed an agreement with the NBA to become the basketball league’s first sports betting partner.
Business News
Equities inch higher on U.S.-China talks report
Stock markets edged up globally on Tuesday on a report that the United States and China were seeking to resume talks to defuse a budding trade war, while the dollar rose against the yen after the Bank of Japan said it intends to keep interest rates low.
Business News
L.A. prosecutors decline to pursue sex abuse charges against CBS CEO Moonves
Los Angeles prosecutors said on Tuesday that they had declined to pursue three accusations of sexual abuse against CBS Corp Chief Executive Les Moonves dating back to the 1980s because the statute of limitations had expired.
Business News
Wall St. rebounds, led by industrials, tech
U.S. stocks bounced back on Tuesday as industrial and technology stocks pulled the market higher on news of a possible easing of tariff tensions between the United States and China.
Business News
Cummins to recall 500,000 U.S. trucks over faulty emissions part
Cummins Inc has agreed to recall about 500,000 medium- and heavy-duty trucks in the United States to correct a faulty emissions control system in the engines it made for the trucks, the U.S. Environmental Protection Agency said on Tuesday.