The United States on Tuesday set out a procedure to protect its telecommunications networks and their supply chains from national security threats, saying it would consider whether to bar transactions on a case-by-case basis.
The New York Stock Exchange (NYSE) said on Tuesday it had filed with the U.S. Securities and Exchange Commission to allow companies going public through a direct listing, instead of an initial public offering, to raise capital.
Oil prices edged higher after news that U.S. and Chinese officials discussed trade on Tuesday, while predictions for a draw on U.S. crude stockpiles lent some support as well.
S&P 500 companies’ earnings are expected to decline in the fourth quarter from the year-earlier period, which could be a second straight quarterly profit fall for the group, according to IBES data from Refinitiv.
Dollar Tree Inc forecast holiday-quarter profit below Wall Street estimates on Tuesday, as the discount retailer fell short in its efforts to counter the impact of the latest U.S. tariffs on Chinese imports, sending its shares down about 17%.
Elon Musk took to Twitter to show the strength of the new Cybertruck in a video showing the pickup towing the Ford F-150. The legacy carmaker says the test was a gimmick, without disclosing the model of the F-150 being towed. Ford exec Sunny Madra replied to Musk’s tweet, asking the Tesla CEO to send a Cybertruck for an “apples to apples” test. In other Musk news, he says he will testify in his own defense against a defamation lawsuit brought by a British cave explorer. …read more […]
Wall Street’s three main indexes hit all-time highs on Tuesday, as gains for Disney and Best Buy countered weak consumer confidence data and a slump in shares of discount store operator Dollar Tree.
S&P 500 companies’ earnings are expected to decline in the fourth quarter from the year-earlier period, which could be a second straight quarterly profit fall for the group, according to IBES data from Refinitiv. As of Tuesday, fourth-quarter earnings for the S&P 500 were expected to fall 0.1% from the year-earlier period, according to analysts’ forecasts compiled by Refinitiv. The latest estimate for fourth-quarter earnings is down sharply from 11.5% growth projected for the period as of the start of the year and down from 4.1% growth projected for the quarter as of Oct 1. …read more […]
U.S. consumer confidence fell for a fourth straight month in November amid worries about current business conditions and employment prospects, but remained at levels sufficient to support a steady pace of consumer spending.
Cybersecurity company tops expectations for 1st-quarter 2020 revenue and pro forma earnings Continue reading… …read more […]
Best Buy Co Inc signaled it expected a strong holiday shopping season by forecasting fourth-quarter profit above Wall Street estimates on Tuesday, sending shares of the biggest U.S. consumer electronics retailer up over 8%.
Teen apparel retailer Abercrombie & Fitch Co trimmed its annual sales growth forecast on Tuesday, blaming political issues from Brexit to the Hong Kong protests for keeping customers away from its stores outside the United States.
Google has fired four workers for what the company claims are violations of its data security policies. However, employees are saying it’s not that simple, alleging that Google is now retaliating for recent employee protests. Yahoo Finance’s Brian Sozzi, Alexis Christoforous and Dan Howley break it down on The First Trade. …read more […]
(Bloomberg) — A week-long rail strike that halted shipments of oil, grains and potash across Canada, threatening to take a multibillion-dollar bite out of the economy, is over.The Teamsters Canada Rail Conference union said it reached a tentative deal with Canadian National Railway Co. and normal operations will resume at 6 a.m. on Wednesday. About 3,200 conductors and railyard workers walked off the job Nov. 19 over issues such as working conditions and drug benefits.CN Rail shares rose 0.9% to C$121.97 in Toronto after losing 1.4% during the strike.The deal must now be ratified by Teamsters members via secret-ballot electronic …read more […]
Sales of new U.S. single-family homes unexpectedly fell in October following recent strong gains, but the overall housing market remains supported by lower mortgage rates.
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