(Reuters) – Snap Inc’s user and revenue growth fell short of analysts’ expectations for the first quarter after a widely panned redesign of its Snapchat messaging app, sending its shares tumbling more than 10 percent.
NEW YORK (Reuters) – The S&P 500 eked out a gain on Tuesday after comments from a Trump administration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism.
DETROIT (Reuters) – Most major automakers on Tuesday posted lower new U.S. vehicle sales for April as consumer demand continued to weaken and competition intensified following a lengthy boom for the industry.
NEW YORK (Reuters) – The S&P 500 pared early losses on Tuesday after a Trump administration official said he hoped to further open China’s economy to U.S. companies, though manufacturing data stoked concerns of rising costs that could cut corporate profits.
WASHINGTON (Reuters) – The European Union’s exemption from U.S. steel and aluminum tariffs was extended because of promising trade talks with Washington, U.S. Commerce Secretary Wilbur Ross said on Tuesday, adding that he does not expect the practice to continue.
Weaker-than-expected earnings from Cognex could provide more evidence that Apple is pulling the plug on the iPhone X. …read more […]
FRANKFURT (Reuters) – The incoming boss of BASF has thrown his weight behind the chemical titan’s contentious strategy of keeping divergent businesses folded into one company, at a time when its major rivals such as DowDuPont are breaking themselves up.
WASHINGTON (Reuters) – U.S. factory activity slowed for a second straight month in April, with manufacturers complaining about rising commodity prices in the wake of the Trump administration’s tariffs on steel and aluminum imports.
WASHINGTON (AP) — The top security official for embattled Environmental Protection Agency head Scott Pruitt abruptly left office ahead of his scheduled questioning before a congressional panel, one of two top aides whose departures were announced Tuesday amid a series of federal ethics investigations of the agency. …read more […]
LONDON (Reuters) – Signs of fading growth momentum across Europe have come as bad news to equity investors hoping for a repeat of 2017’s bumper returns, but many say they’re not ready to throw in the towel yet on companies that are still delivering strong earnings.
Oregon start-up Agility Robotics is developing a robot that can walk and run and costs less than $300,000. …read more […]
(Reuters) – U.S. stocks fell on Tuesday, driven by Pfizer’s discouraging results, tumbling oil prices and growing fears that tariffs and inflation could weigh on corporate profits.
In a memo to employees, Morgan Stanley chief executive James Gorman announced a big executive shakeup. The bank has named Rob Rooney to oversee the US bank’s technology efforts, according to a memo reviewed by Business Insider. …read more […]
NEW YORK (Reuters) – The dollar broke into positive territory for the year and U.S. bond yields inched higher again on Tuesday as the recent rise in oil prices fueled expectations the Federal Reserve could flag more interest rate hikes at its policy meeting this week.
NEW YORK (Reuters) – Pfizer Inc on Tuesday reported lower-than-expected first-quarter revenue as demand for some key drugs and international sales fell short of estimates, sparking a 5.1 percent drop in shares of the largest U.S. drugmaker.
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