Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China’s economy, while the euro declined against the U.S. dollar following weak German economic data.
Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars.
U.S. producer prices dropped by the most in more than two years in December as the cost of energy products and trade services fell, adding to signs of tame inflation that may allow the Federal Reserve to be patient about raising interest rates this year.
Wells Fargo & Co on Tuesday said its loan book shrank and quarterly revenue fell in all of its major businesses, especially consumer banking, sending its shares lower.
Delta Air Lines Inc on Tuesday posted a slight beat in fourth-quarter profit but forecast a decline in revenue growth in the first quarter, hit by a partial government shutdown and worries about whether airlines can raise fares in an uncertain global economy.
A Ukrainian computer hacker and several others were charged by U.S. authorities on Tuesday over their alleged roles in a scheme to trade on nonpublic corporate earnings news obtained by infiltrating a U.S. Securities and Exchange Commission database.
CVS Health Corp said on Tuesday Walmart Inc is leaving its network for commercial and Medicaid prescription drug plans after the two companies failed to agree on pricing.
Drugstore chain Walgreens Boots Alliance Inc and Microsoft Corp said on Tuesday they have entered a seven-year agreement to research and develop new methods of delivering healthcare services through digital devices.
U.S. stocks rose on Tuesday, as hopes of more stimulus for China’s slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo.
Corruption-ensnared Odebrecht SA has proposed that creditors take over its sugar and ethanol unit, Atvos Agroindustrial Participacoes SA, in exchange for reducing Odebrecht’s huge debt load, according to two sources with knowledge of the matter.
Britain’s plans to leave the European Union could be thrown into disarray by a vote in parliament later on Tuesday but bets are mounting that a chaotic no-deal Brexit can be avoided and that sterling will rise from here.
Shares in California power company PG&E fell sharply for a second day on Tuesday as investors took fright at the prospect of bankruptcy proceedings to protect from $30 billion in potential liabilities related to wildfires in 2017 and 2018.
A French court canceled the license for one of Monsanto’s glyphosate-based weedkillers on Tuesday over safety concerns, in the latest blow to the Bayer-owned business.
Oil prices rose around 2 percent on Tuesday amid production cuts by OPEC and Russia as well as signs of lower U.S. oil stocks, but grim Chinese economic data raised fears for global growth.
The S&P 500 opened little changed on Tuesday, as an early boost from hopes of more Chinese stimulus for the slowing economy faded following poor results from JPMorgan.
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