Stocks on major world markets hit their highest in more than a month on Tuesday, on good earnings reports from U.S. companies and after China promised fiscal action to support the world’s second-largest economy.
The S&P 500 on Tuesday closed at its highest level since Feb. 1 as Alphabet’s blowout results bolstered expectations of a robust earnings season.
AT&T Inc added a net 46,000 postpaid mobile phone subscribers in the second quarter, beating Wall Street estimates as the No. 2 U.S. wireless carrier ground out some growth in a saturated market. Analysts on average were expecting net adds of 14,000, according to financial and data analytics firm FactSet.
Apparel maker Lululemon Athletica Inc on Tuesday named Calvin McDonald as its new chief executive officer, replacing Laurent Potdevin.
Texas Instruments Inc , whose CEO Brian Crutcher resigned a week ago, forecast better-than-expected revenue and profit for the third quarter as it benefits from higher sales of semiconductors used in cars and industrial machinery.
The Trump administration is offering $12 billion in emergency aid to American farmers who have been hurt by the president’s escalating trade war with China and other countries. “This is a short-term solution that will give President Trump and his administration the time to work on long-term trade deals,” said Agriculture Secretary Sonny Perdue. Speaking at an event in Kansas City Tuesday, Trump said that “farmers will be the biggest beneficiary” of his efforts to secure more favorable trade deals. …read more […]
Short-seller Andrew Left’s Citron Research expanded on his prediction that U.S. drugmaker AbbVie Inc’s stock would fall to $60 a share, arguing that new regulations to speed biosimilar drugs to the market and reform rebates will hurt revenue from the company’s top-selling drug, Humira.
By Arunima Banerjee, Paul Lienert and David Shepardson (Reuters) – Ford Motor Co said on Tuesday it was creating a separate $4 billion (3.05 billion pounds)unit to house its self-driving vehicle operations … …read more […]
Segway-Ninebot Group, a Beijing-based manufacturer of electric scooters, rolled into Los Angeles this week hoping to bolster its position as the main supplier for a new wave of well-funded scooter-rental startups and offer a peek at new battery-powered transit products.
The S&P 500 and Dow Industrials rose on Tuesday as Alphabet’s blowout results bolstered expectations of a robust earnings season, though a decline in the Nasdaq pointed to lingering concerns over trade tensions.
Occidental Petroleum Corp is exploring a sale of its pipeline assets, hoping to fetch more than $5 billion and free up capital to invest in exploration and production as oil prices rebound, people familiar with the matter said on Tuesday.
U.S. President Donald Trump’s oldest daughter, Ivanka Trump, said on Tuesday she is closing her fashion line to focus her energies on advising her father’s White House.
The National Transportation Safety Board said on Tuesday it will hold an investigative hearing in November about a midair incident in April in which an engine on a Southwest Airlines Boeing 737 exploded over Pennsylvania, killing one passenger.
The government announced a $12 billion plan Tuesday to assist farmers who have been hurt by President Donald Trump’s trade disputes with China and other trading partners. The plan focuses on Midwest soybean producers and others targeted by retaliatory measures. The Agriculture Department said the proposal would include direct assistance for farmers, purchases of excess crops and trade promotion activities aimed at building new export markets. …read more […]
U.S. President Donald Trump’s oldest daughter, Ivanka Trump, is closing her fashion line to focus her energies on advising her father’s White House, she said through a representative on Tuesday.
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