Stocks around the globe rose on Tuesday to six-month highs as positive economic data in China and Germany boosted investor sentiment, though concerns about the impact of U.S. policy on the healthcare sector capped gains on Wall Street.
Bank of America Corp forecast that net interest income would rise half as fast this year after reporting first-quarter revenue on Tuesday that fell short of expectations.
Shareholder advisory firm Institutional Shareholder Services Inc (ISS) has urged Boeing Co to split the role of chairman and chief executive officer, currently held by Dennis Muilenburg.
A Federal Aviation Administration review board said Tuesday that software update to the grounded Boeing 737 MAX aircraft was found to be “operationally suitable.”
A trial opened Tuesday in a complex contract and anti-trust dispute between Apple Inc and Qualcomm Inc with the iPhone maker using a fried chicken analogy to explain its claim that the chip company is abusing its market power.
U.S. stocks treaded water on Tuesday, as a surge in healthcare companies fizzled out and ahead of earnings reports from other big names including Netflix.
Oil prices were steady on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains.
Shares of Netflix jumped 3 percent on Tuesday ahead of the streaming video service’s quarterly results, with traders expecting a larger than normal reaction from the stock as new competition looms from Walt Disney Co.
U.S. manufacturing output was unchanged in March after two straight monthly declines, resulting in the first quarterly drop in production since President Donald Trump was elected.
Once shunned due to intense public scrutiny and competition from corporate buyers, private equity firms are increasingly targeting listed companies in Europe, shrugging off forecasts of a regional economic slowdown.
The White House is considering other possible candidates for the board of the Federal Reserve although President Donald Trump still backs his two potential nominees, Herman Cain and Stephen Moore, White House economic adviser Larry Kudlow said on Tuesday.
UnitedHealth Group Inc said on Tuesday it expects minimal impact to its margins if the rebate system is overhauled but investors remained concerned about the impact of the Trump administration’s proposal to end discounts from drugmakers.
China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork to meet a growing supply deficit, but it is not willing to allow a prohibited growth drug used in roughly half the U.S. hog herd, two sources with knowledge of the negotiations said.
Germany’s Daimler has suspended a local sales franchise for its Mercedes-Benz brand in China after a customer complaint about service from the dealership went viral on social media.
U.S. stocks edged higher on Tuesday, as an advance in technology shares and a jump in Johnson & Johnson following strong results countered losses in UnitedHealth and Bank of America.
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