Trading Ideas
Twitter gets upgraded; Pfizer jumps on earnings; Shopify drops; Qualcomm gains on $10B buyback plan
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Tuesday. …read more […]
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Business News
Cummins to recall 500,000 trucks over faulty emissions part: EPA
Cummins Inc has agreed to recall about 500,000 medium- and heavy-duty trucks produced between 2010 and 2015 to correct a faulty emissions control system part that degrades and allows too much nitrogen oxide pollution, the U.S. Environmental Protection Agency said on Tuesday.
Business News
Chipotle slumps nine percent after Ohio outlet linked to food poisoning complaints
At least 140 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc restaurant in Ohio, sending shares of the burrito chain down as much as 9 percent on Tuesday.
Business News
Equities rebound on U.S.-Sino talks report, dollar jumps
Global equity markets rebounded on Tuesday on a report that said the United States and China hoped to resume talks to defuse a budding trade war, while the dollar jumped against the yen after the Bank of Japan said it intends to keep interest rates low.
Business News
Cummins to recall 500,000 trucks to replace faulty emissions part: EPA
Cummins Inc has agreed to recall about 500,000 medium- and heavy-duty trucks produced between 2010 and 2015 to correct a faulty emissions control system part that degrades and allows too much nitrogen oxide pollution, the U.S. Environmental Protection Agency said on Tuesday.
Business News
U.S. consumer spending rises; wage growth slows in second-quarter
U.S. consumer spending increased solidly in June as households spent more at restaurants and on accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
Business News
China will strive to hit growth target despite trade tensions with U.S.
China will keep its economic growth within a reasonable range and achieve this year’s target despite challenges, the state-run Xinhua news agency said on Tuesday as a trade war with the United States intensifies.
Business News
Industrials boost Wall Street on renewed trade hopes
U.S. stocks rose on Tuesday, led by industrial companies, after a report that the U.S. and China were trying to resume negotiations to defuse a trade war between world’s two largest economies.
Business News
Chipotle slumps eight percent after Ohio outlet linked to food poisoning complaints
At least 140 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc restaurant in Ohio, sending shares of the burrito chain down 8 percent in early trading.
Business News
Pfizer CEO believes U.S. will eliminate rebates on prescription drugs
Pfizer Inc Chief Executive Ian Read said on Tuesday that he believes the Trump administration intends to eliminate rebates on prescription drug purchases, but he does not know how quickly such a policy could be implemented.
Trading Ideas
The 7 Best Funds to Buy For Income Investors
Rising interest rates can be a bane for dividend stocks and high-yielding, income-oriented sectors, but there is some positive news in the 2018 dividend outlook. Through the first half of the year, approximately 40% of S&P 500 member firms boosted dividends, potentially making some of the best funds to buy in the dividend landscape all the more attractive. Looked at differently, some of the best funds to buy need to show investors that dividend stocks are worth the extra risk relative to safer U.S. government debt. …read more […]
Business News
Procter & Gamble sales disappoint after prices get a shave
Procter & Gamble Co’s fiscal fourth-quarter sales fell below Wall Street estimates on Tuesday, hurt by lower pricing and weak demand at its units that make Pampers diapers and Gillette shaving products.
Business News
Wall Street gains on report of U.S. and China restarting trade talks
U.S. stocks rose on Tuesday as technology stocks rebounded and a report said the United States and China were trying to restart negotiations to defuse a trade war between world’s two largest economies.
Business News
Exclusive: Lloyd’s of London reviews operations after losing $2.6 billion and CEO
Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU, industry sources said.
Business News
Pfizer lowers 2018 revenue forecast, increases R&D spend
Pfizer Inc lowered its revenue forecast for this year, blaming the stronger dollar, and increased its planned spending on research and development, as the drugmaker works to launch new drugs to replace declining sales from its established products like Viagra.