U.S. auto sales are expected to drop 2.1% in May from the year-ago period, as higher prices keep buyers at bay, according to industry consultants J.D. Power and LMC Automotive.
Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was slowing after being temporarily boosted by exports and a build-up of inventories.
Walmart Inc appointed Suresh Kumar, a former employee of Alphabet Inc-owned Google and Amazon.com Inc, as its new chief technology officer as it tries to fuel an internal tech transformation and boost its e-commerce business.
U.S. stocks rose slightly on Tuesday, propped up by a rise in technology stocks, but the likelihood of a protracted trade war between the United States and China kept investors on edge.
Goldman Sachs Group Inc named three new executives to its management committee, the co-presidents of the bank’s Asia Pacific region and its global treasurer, according to a memo sent by bank leaders on Tuesday.
U.S. stocks eked out gains on Tuesday, helped by technology stocks, but the likelihood of a protracted trade war between the United States and China kept investors on the sidelines.
A slight gain in benchmark U.S. indices early on Tuesday was not enough to turn global stock markets higher as concerns about Italy’s budget and the fate of U.S.-China trade talks continued to weigh on investor sentiment.
Chinese telecom company Huawei held on to its spot as the world’s second biggest smartphone vendor in the first quarter, before being blacklisted by the United States, research and advisory firm Gartner said.
Mediterranean Shipping Co (MSC) and CMA CGM, two of the world’s biggest container shipping groups, are to join market leader Maersk in a blockchain platform aimed at limiting a costly paper trail in the industry.
Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite recent signs that activity was slowing.
Nissan found out about Renault’s merger talks with Fiat Chrysler just days before they became public, four sources told Reuters, stoking fears at the Japanese carmaker that a deal could further weaken its position in a 20-year alliance with Renault.
U.S. stocks rose slightly at open on Tuesday, led by technology stocks, but gains were muted amid signs that United States and China were far from reaching a trade deal.
General Electric (GE) may cut more than 1,000 jobs in France, which could set the U.S. company on a collision course with the French government which has consistently urged GE not to cut French jobs.
Vegan burger maker Beyond Meat Inc said on Tuesday it would begin making its plant-based meats in Europe next year, in an effort to expand production outside the United States.
Wall Street was set for a subdued open on Tuesday after an extended weekend, as investors remained on edge after President Donald Trump signaled that the United States and China were far from a trade deal.
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