U.S. services sector activity slowed to a six-month low in January as businesses worried about the impact of a partial shutdown of the federal government on the economy.
The United States sees the European Union as its top priority in a global effort to convince allies not to buy Huawei Technologies Co. equipment for next-generation mobile networks, a U.S. State Department Official said on Tuesday.
Technology and consumer discretionary stocks pushed Wall Street higher on Tuesday, as upbeat results from Estée Lauder and Ralph Lauren fueled earnings optimism, ahead of the highly awaited State of the Union address by President Donald Trump.
World stocks raced to a fresh two-month high on Tuesday to keep up their fast start to 2019 while the U.S. dollar strengthened for a fourth straight session as investors awaited President Trump’s annual State of the Union speech later in the day.
Goldman Sachs Group Inc plans to chop its commodities business after a months-long review showed the business was using too much capital for too little profit, the Wall Street Journal reported https://on.wsj.com/2Dad9QQ on Tuesday, citing people familiar with the matter.
More investors who typically make passive bets flexed their muscles last year and helped push a total of 922 companies to perform better by improving operations and capital allocation, data from research group Activist Insight show.
Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan PLC to split its chairman and chief executive roles, arguing that an independent chair could help boost the company’s sagging share price.
HSBC is preparing to lay off dozens of staff in its global banking & markets business, a source with direct knowledge of the matter told Reuters, as it continues a cost-cutting drive aimed at protecting its dividend.
GlaxoSmithKline bolstered its cancer drug development pipeline on Tuesday, agreeing to pay up to 3.7 billion euros ($4.2 billion) to Germany’s Merck KGaA for the rights to a next-generation immunotherapy.
Wall Street rose on Tuesday boosted by consumer discretionary and technology companies amid peak earnings, which have largely been positive so far, while investors wait for President Donald Trump’s State of the Union address.
U.S. grains trader Archer Daniels Midland Co on Tuesday reported fourth-quarter earnings that fell short of estimates as three of its four key business groups reported results below the same period a year earlier.
The Renault-Nissan-Mitsubishi alliance will tie up with Alphabet Inc’s Google to develop autonomous taxis and other services using self-driving vehicles, the Nikkei reported on Tuesday.
Hedge fund Appaloosa LP has urged Allergan Plc’s board to separate the roles of chairman and chief executive officer, it said on Tuesday, a year after making a similar effort.
U.S. stocks opened higher on Tuesday, led by consumer discretionary and technology stocks following upbeat earnings, while investors wait for President Donald Trump’s State of the Union address.
Viacom Inc announced another film production deal with Netflix Inc through its Nickelodeon kids division, fleshing out a strategy to produce more shows and movies for others as streaming video giants battle for viewers.
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