Executives from tech giants Apple Inc, Amazon.com Inc, Facebook Inc and Alphabet’s Google go before the House Judiciary Committee’s antitrust panel Tuesday to discuss competition in online markets.
Johnson & Johnson on Tuesday boosted its 2019 sales forecast amid robust demand for its cancer drugs, but warned that competition from generic and copycat drugs could impact its third-quarter results, sending shares down 1.4% in noon trading.
U.S. stock indexes edged lower on Tuesday as results from Wall Street’s big lenders rekindled concerns about banks coming under pressure to boost profits when the Federal Reserve is seen cutting interest rates as early as this month.
Amazon.com Inc has a promotion for U.S. shoppers on Prime Day, the 48-hour marketing blitz that started Monday: Earn $10 of credit if you let Amazon track the websites you visit.
Several large U.S. retailers recorded higher sales on the first day of Amazon.com Inc’s Prime Day shopping event as online shoppers also flocked to their websites, Adobe Analytics said on Tuesday.
Facebook Inc is “delusional” to believe people will trust it with their money, a U.S. senator said on Tuesday as lawmakers from both sides of the aisle grilled the social media company on its plans for a digital currency at a hearing on Tuesday.
A gauge of global equities edged lower on Tuesday and U.S. Treasury yields climbed as a stronger-than-anticipated report on retail sales raised the possibility that a second rate cut by the Federal Reserve this year could be pushed back by several months.
Oil prices steadied on Tuesday, paring gains as U.S. offshore crude production resumed after Hurricane Barry and tensions between the U.S. and Iran were seen easing.
Blue Apron Holdings Inc said on Tuesday it would include Beyond Meat Inc’s plant-based burgers on its menus next month, betting on a multi-billion-dollar meat alternative market to lure new customers.
A federal appeals court on Tuesday said New York City can ban advertising inside vehicles driven for companies such as Uber and Lyft, handing a victory to the millions of passengers who it said find such ads “extremely annoying.”
Three big U.S. banks reported strong earnings on Tuesday, even as warning signs emerged that the playing field is beginning to tilt against the financial industry.
U.S. stock indexes treaded water on Tuesday as Wall Street’s big banks swung between gains and losses after their quarterly results drew mixed reactions from investors.
U.S. business inventories rose moderately in May as sales rebounded, suggesting that inventory accumulation could have been a drag on economic growth in the second quarter.
U.S. lawmakers from both sides of the aisle were set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe. Facebook is fighting a rearguard action to get Washington onside after it shocked regulators and lawmakers with an announcement on June 18 that it was hoping to launch a new digital coin called Libra in 2020.
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment.
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