Business & Finance News
White House economic adviser Larry Kudlow on Tuesday said it was a good sign top U.S. officials would travel to China for in-person talks about reviving stalled trade talks, and said he expected Beijing to start buying U.S. agriculture products soon.
The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of allegations it mishandled user privacy and pay roughly $5 billion, two people briefed on the matter said.
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies, while a debt ceiling and budget deal between President Donald Trump and Congress also buoyed sentiment.
Lockheed Martin Corp said on Tuesday it was working to establish alternate supply sources for F-35 parts in the United States after the Pentagon decided last week to remove Turkey from the fighter jet program.
Oil prices were largely flat around $63 a barrel on Tuesday as expectations of lower U.S. crude supplies were offset by weaker demand forecasts and the full restart of Libya’s largest oil field.
A host of strong earnings boosted U.S. stocks on Tuesday and world stocks edged higher in anticipation of central bank easing, while sterling fell after Brexit hardliner Boris Johnson won the leadership of Britain’s Conservative Party, clearing the way for him to become prime minister.
Furnishing retailer Bed Bath & Beyond Inc said on Tuesday its chief operating officer was departing as part of a 7% cut in its corporate staff, following a review of office costs.
U.S home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, indicating the housing market was struggling to regain speed since hitting a soft patch last year.
U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment.
The Trump administration plans to handle applications from tech companies seeking waivers over Huawei Technologies Co Ltd’s blacklisting within the next few weeks, U.S. Commerce Secretary Wilbur Ross told Bloomberg Television on Tuesday.
Harley-Davidson Inc on Tuesday reported stronger sales in China and other Asian markets and said U.S. sales should improve in the second half of the year, positive news that offset a cut to its full-year motorcycle forecast and sent shares up 4.5 percent.
Oil edged down, with Brent at around $63 a barrel on Tuesday under pressure from weaker global demand forecasts and the full restart of Libya’s largest oil field despite continuing supply worries stemming from Iran’s capture of a British oil tanker.
U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment.
United Technologies on Tuesday raised its full-year sales and profit forecasts, aided by an increase in demand for its aircraft maintenance parts and services as airlines grapple with overworked planes due to the grounding of Boeing’s MAX jets.
Lockheed Martin Corp said on Tuesday it has been working to establish alternate supply sources for F-35 parts in the United States after the Pentagon decided last week https://reut.rs/2y5bKbX to remove Turkey from the fighter jet program.
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