Business & Finance News
The U.S. Securities and Exchange Commission said on Tuesday that it has fined and settled charges against a Russia-based ratings firm for failure to disclose payments it received to publicize digital asset offerings of issuers it had rated.
Toll Brothers Inc posted lower quarterly profit and revenue on Tuesday, as it sold less homes despite declining mortgage rates.
Walmart Inc sued Tesla Inc , saying solar panels supplied by the electric car maker were responsible for fires at about seven of its stores, according to a lawsuit filed in a New York court on Tuesday.
Betting against General Electric Co stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos that questioned the conglomerate’s accounting, financial analytics firm S3 Partners said on Tuesday.
The Federal Reserve has fallen behind the interest rate curve and has lost control, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday, evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve.
U.S. luxury homebuilder Toll Brothers Inc posted a 24% fall in quarterly profit on Tuesday, hit by slower demand and shrinking gross margins from home sales.
Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.
Walmart Inc sued Tesla Inc over fires at stores, which were using the electric carmaker’s solar panels, according to lawsuit filed in a New York court.
A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge Ltd is facing an even more uncertain business environment, with a new chief executive who is determined not to get burned again.
President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes on wages and on profits from selling assets such as stocks, but that he was not talking about doing anything imminently.
The U.S. Federal Reserve has a purely domestic mandate, answerable to an elected Congress and facing nearly daily demands from an outspoken president.
President Donald Trump on Tuesday said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades.
The U.S. Justice Department sued on Tuesday to block travel technology firm Sabre Corp’s $360 million acquisition of Farelogix Inc, saying in court papers that it was a “dominant firm’s attempt to eliminate a disruptive competitor.”
Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.
General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday that sent GE’s shares tumbling.
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