Business & Finance News
U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as investors paused following a run of gains and fresh worries emerged over the U.S. trade war with China.
Wall Street’s indexes ended Tuesday’s session virtually unchanged after investors turned their focus to U.S.-China trade tensions as euphoria from Friday’s U.S.-Mexico deal faded.
William Ackman’s activist hedge fund Pershing Square Capital Management LP is opposed to United Technologies Corp’s $120 billion aerospace merger with defense contractor Raytheon Co, a person familiar with the matter said on Tuesday.
Volkswagen has ended its partnership with self-driving car software firm Aurora, two days after the Silicon Valley start-up said it would build autonomous platforms for commercial vehicles with Fiat Chrysler Automobiles.
U.S. stocks ended near flat on Tuesday as investors paused following a run of gains and as fresh worries emerged over the United States’ trade war with China.
Amazon.com Inc said on Tuesday it would end its U.S. restaurant food delivery service on June 24, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies’ Uber Eats services.
Wall Street’s indexes lost some ground on Tuesday afternoon and U.S. Treasury yields dipped as worries about the U.S.-China trade war flared up and euphoria following Friday’s U.S.-Mexico deal faded.
U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations.
U.S. stocks edged lower in late afternoon trading on Tuesday, as investors paused following a run of gains tied to optimism over easing trade tensions and the prospect of an interest rate cut by the Federal Reserve.
White House economic adviser Larry Kudlow said the U.S. economy will likely still achieve a 3% pace of growth this year even without a trade deal with China.
President Donald Trump said on Tuesday that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five “major points” that Trump did not specify.
Uber Technologies Chief Executive Dara Khosrowshahi said on Tuesday the company’s initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price.
Ten states led by New York and California have filed a lawsuit to stop T-Mobile US Inc’s $26 billion purchase of Sprint Corp, warning that consumer prices will jump due to reduced competition.
German prosecutors said on Tuesday they were investigating the chairman of Volkswagen’s powerful works council as part of a inquiry into whether some of its members were paid excessively, turning him from a witness into a suspect.
Wall Street’s main indexes gave up gains to trade slightly lower on Tuesday, as declines in industrial companies dampened early optimism over easing trade tensions and the prospect of an interest rate cut by the Federal Reserve.
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