Wall Street’s main indexes gained for the first time in three sessions on Tuesday, as Apple and chipmakers boosted technology shares, while energy companies rose on the back of higher crude oil prices.
Benchmark U.S. Treasury yields rebounded off of 15-month lows on Tuesday while global stock markets broadly surged after a two-session swoon, as risk appetite improved after worries of an economic recession had clouded trading since late last week.
EU nations will be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year, the European Commission said on Tuesday, shunning U.S. calls to ban China’s Huawei Technologies across the bloc.
Huawei, the world’s third-largest smartphone maker, presented its new flagship phone in Paris on Tuesday with the hope of making further gains in Europe, a region where its other products could face in-depth scrutiny for security reasons.
High-end French department store Galeries Lafayette will open a new outlet on Paris’s Champs Elysees this week, aiming to lure big-spending tourists and trendy Parisians back to the tree-lined avenue that was once a byword for style.
Wall Street’s main indexes rose on Tuesday, supported by gains in technology and financial stocks, looking to rebound from declines in the previous two sessions driven by global growth worries.
German pharma group Merck KGaA on Tuesday sidestepped the management of takeover target Versum Materials and took its $5.9 billion offer directly to the U.S. chemical company’s shareholders.
Purdue Pharma LP and members of the wealthy Sackler family that own the OxyContin maker have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing the company of helping fuel an opioid abuse epidemic, a person familiar with the matter said on Tuesday.
Thomas Cook announced a review of its money division on Tuesday, in its latest step to streamline operations and focus on its core holiday business after a rough 2018 prompted profit warnings.
Wall Street’s main indexes opened higher on Tuesday, for the first time in five sessions, as Apple Inc led gains in technology stocks, while financials were lifted by big banks.
Citigroup Inc said on Tuesday it is developing a consumer-payments platform, in a move to enter the rapidly growing digital payments industry.
Three activist investors disclosed a combined 5 percent stake in Bed Bath & Beyond Inc on Tuesday, seeking to replace the entire board and oust long-time Chief Executive Officer Steven Temares.
U.S. auto sales are expected to drop about 2.1 percent in March from a year earlier, partly due to bad weather, mixed economic data and lower tax refunds, according to industry consultants J.D. Power and LMC Automotive.
A preliminary report on an Ethiopian Airlines crash will very likely be released this week, the country’s transport ministry said on Tuesday, as Boeing prepares to brief more airlines on software and training updates on the 737 MAX.
Self-driving technology continues to attract robust investment, as two tech startups, one in San Francisco and one near Tel Aviv, said this week they have raised nearly $200 million to support development and production of lidar sensors for automated vehicles.
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