Technology and consumer discretionary stocks lifted Wall Street on Tuesday, as upbeat results from Estée Lauder and Ralph Lauren fueled earnings optimism, ahead of the highly awaited State of the Union address by President Donald Trump.
U.S. grains trader Archer Daniels Midland Co on Tuesday reported lower-than-expected fourth-quarter 2018 earnings as the U.S.-China trade war roiled global agriculture, sending its shares down more than 6 percent.
U.S. drug company Merck & Co Inc said on Tuesday that its Chief Executive Ken Frazier plans to testify at a Senate hearing later this month examining rising prescription drug prices.
A political dispute between China and Canada over the arrest of a Huawei executive is slowing canola shipments through Chinese ports and causing some importers to hesitate to buy from their biggest supplier, according to interviews with a dozen traders.
Small-cap stocks were among the biggest losers during the stock market’s rout late last year as investors worried about high leverage, but they have outperformed in 2019’s rebounding market, with shares of debt-laden companies leading the charge.
A marketing blitz involving supermodels and Instagram helped Ralph Lauren woo more customers and report another quarter of better-than-expected sales and earnings, sending its shares up over 12 percent on Tuesday.
Boeing Co said on Tuesday it had made a significant investment in Aerion, a developer of supersonic planes, as the world’s biggest planemaker looks to tap into rising demand for high-end business jets that can cut travel time.
U.S. services sector activity slowed to a six-month low in January as businesses worried about the impact of a partial shutdown of the federal government on the economy.
The United States sees the European Union as its top priority in a global effort to convince allies not to buy Huawei Technologies Co. equipment for next-generation mobile networks, a U.S. State Department Official said on Tuesday.
Technology and consumer discretionary stocks pushed Wall Street higher on Tuesday, as upbeat results from Estée Lauder and Ralph Lauren fueled earnings optimism, ahead of the highly awaited State of the Union address by President Donald Trump.
World stocks raced to a fresh two-month high on Tuesday to keep up their fast start to 2019 while the U.S. dollar strengthened for a fourth straight session as investors awaited President Trump’s annual State of the Union speech later in the day.
Goldman Sachs Group Inc plans to chop its commodities business after a months-long review showed the business was using too much capital for too little profit, the Wall Street Journal reported https://on.wsj.com/2Dad9QQ on Tuesday, citing people familiar with the matter.
More investors who typically make passive bets flexed their muscles last year and helped push a total of 922 companies to perform better by improving operations and capital allocation, data from research group Activist Insight show.
Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan PLC to split its chairman and chief executive roles, arguing that an independent chair could help boost the company’s sagging share price.
HSBC is preparing to lay off dozens of staff in its global banking & markets business, a source with direct knowledge of the matter told Reuters, as it continues a cost-cutting drive aimed at protecting its dividend.
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