Business & Finance News
Wall Street’s main stock indexes moved in and out of positive territory on Tuesday as investors digested positive retailer earnings and economic data and eyed a key level for the benchmark S&P 500 index.
German carmaker BMW, which is building its first plant in Mexico, is looking for clear signs from the new government of President Andres Manuel Lopez Obrador that would guarantee stability to invest in the country, a top executive said.
The two biggest U.S. oil companies tried to outdo each other on Tuesday, boasting about their prowess in shale to lure investors to their side.
General Electric Co said on Tuesday it expects free cash flow from its industrial business to be negative in 2019, mainly due to continuing weakness in its power unit.
Tesla Inc said on Tuesday that China’s customs authorities have accepted the electric carmaker’s plan to resolve problems with the clearance of its Model 3 sedans that centered around misprinting of labels.
U.S. stocks struggled for direction on Tuesday, as a lack of fresh cues on U.S.-China trade negotiations curbed investor appetite despite upbeat profit forecasts from retailers.
Activist investor Barington Capital on Tuesday urged L Brands to separate its Victoria’s Secret and Bath & Body Works businesses, in an effort to turn around the struggling consumer brands owner.
Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market.
Goldman Sachs Group Inc said on Tuesday that it is relaxing the dress code for all its employees, a move once considered unimaginable for the Wall Street firm’s leagues of monk-shoed partners and bankers in bespoke suits.
Shares of U.S. retail and consumer goods companies appear set to emerge largely unscathed from the trade dispute between the United States and China.
U.S. stocks eked out modest gains on Tuesday on the back of upbeat quarterly reports from retailers and in anticipation of a U.S.-China trade deal as early as this month end.
Target Corp forecast 2019 profit above Wall Street estimates on Tuesday as investments to draw more shoppers online and in stores drove a jump in holiday sales, sending its shares up 5 percent.
Oil prices hovered near flat on Tuesday as the market balanced OPEC-led efforts to tighten crude supply with the restart of Libya’s biggest oilfield and the prospect of weaker demand.
Delta Air Lines is planning to replace one-third of its mainline fleet in the next five years, while still deciding whether or not to invest in struggling Italian carrier Alitalia, Chief Executive Ed Bastian said on Tuesday.
Papa John’s founder John Schnatter is leaving its board of directors as part of a settlement resolving a bitter dispute for control of the world’s third-largest pizza chain.
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