The S&P 500 ascended to a three-week high on Tuesday, led by Apple, Amazon and a rally in industrials on bets that the United States and China would strike a deal to end a trade war.
Mercedes-Benz sold 2.31 million passenger cars last year, likely enough to make it the top-selling premium automotive brand in 2018, although some analysts are questioning how much longer German manufacturers can dominate the luxury car industry.
U.S. stocks rose for a third straight day on Tuesday and the S&P 500 touched three-week highs, once again led by Amazon and a rally in industrials on hopes that the United States and China would strike a deal to end a trade war.
Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old U.S. department store operator.
Investors are growing more fearful that U.S. companies’ profits could shrink this year following Apple’s warning of soft demand in China, coupled with mounting evidence of a drag from tariffs, a global slowdown and fading tailwinds from tax cuts.
Verizon Communications Inc on Tuesday beat Wall Street estimates for net new phone subscribers who pay a monthly bill, adding 650,000 customers in the fourth quarter.
Airbus delivered 800 aircraft last year, provisionally hitting a key industrial target that only weeks ago had seemed beyond its reach as its battles to overcome supply chain problems and factory snags to meet record demand for jetliners.
Boeing Co delivered a record 806 aircraft in 2018 as it overcame supplier woes, retaining the title of the world’s biggest planemaker for the seventh straight year.
U.S. job openings fell in November, pulled down by sharp declines in construction and other services, but did little to change views that the economy is facing a shortage of workers.
China approved five genetically modified (GM) crops for import on Tuesday, the first in about 18 months in a move that could boost its overseas grains purchases and ease pressure from the United States to open its markets to more farm goods.
China approved five genetically modified (GM) crops for import on Tuesday, the first in about 18 months, as representatives from the Asian country and the United States met in face-to-face talks to try to resolve trade disagreements.
An index of world stocks rose for the third straight session on Tuesday, lifted by hopes that the United States and China would strike a deal to end their months-long trade war that has hurt sentiment in financial markets.
U.S. stocks struggled to hold on to gains on Tuesday as chip stocks took a beating from Samsung’s profit warning and financials fell, denting optimism over U.S.-China trade talks.
American Express Co suspended a director in its foreign-exchange department as part of an ongoing investigation into pricing practices in the division, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Verizon Communications Inc said on Tuesday it added 650,000 net new phone subscribers who pay a monthly bill in the fourth quarter.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
