Business & Finance News
A gauge of global equity markets edged lower on Tuesday, with a decline in materials offsetting rising energy shares, while long-dated U.S. Treasury yields pulled back from multi-year highs and helped weaken the dollar.
The Dow and S&P 500 ended slightly lower on Tuesday as investors, worried about global growth prospects, fled from materials and industrials stocks but falling bond yields kept declines in check in the three major indexes.
Fully self-driving cars may be on the fast lane to U.S. roads under a pilot program the Trump administration said on Tuesday it was considering, which would allow real-world road testing for a limited number of the vehicles.
The Dow and S&P 500 ended down slightly on Tuesday as investors, worried about global growth prospects, sold materials and industrials stocks, but falling bond yields kept declines in check.
Tesla Inc claimed its Model 3 electric car has the lowest risk of occupant injury of any vehicle in U.S. government tests, but the National Highway Traffic Safety Administration on Tuesday said the claim goes beyond the scope of its analysis.
Procter & Gamble Co was informed on Tuesday that it is now exempt from the 25 percent U.S. tariff levied on imported Japanese and Swedish steel that is used in its Gillette and Venus razor blades, a company spokesman told Reuters.
Wall Street’s major indexes failed to make much progress on Tuesday as investors, worried about global growth prospects, fled from materials and industrials stocks.
At least two U.S. states are investigating a breach at Alphabet Inc’s Google that may have exposed private profile data of at least 500,000 users to hundreds of external developers.
William Ackman said on Tuesday his hedge fund Pershing Square Capital Management has taken a roughly $900 million position in Starbucks Corp as he sees a chance for the world’s biggest coffee chain to reignite growth even as it struggles with stagnant sales in its home market.
Alphabet unit Google on Tuesday challenged a record 4.34-billion euro ($5 billion) fine imposed by European Union antitrust regulators three months ago for using its popular Android mobile operating system to thwart rivals.
Alphabet Inc’s Google unveiled on Tuesday the third edition of its Pixel smartphone, a Google Home smart speaker with a display and its first tablet computer, as it makes a come-from-behind push into hardware.
U.S. stocks edged lower on Tuesday after the International Monetary Fund said the Sino-U.S. trade war would hurt global growth, and as a rebound in technology stocks lost steam.
Regulators are set to exercise their new powers by handing out fines and even temporary bans on companies that breach a new EU privacy law, with the first round of sanctions expected by the end of the year, the bloc’s privacy chief said.
William Ackman’s activist hedge fund Pershing Square Capital Management has taken a new position in Starbucks Corp , according to attendees at a conference where the billionaire investor spoke on Tuesday.
The S&P 500 and the Nasdaq rose for the first time in four days on Tuesday, boosted by a rebound in technology stocks, but gains were kept in check after the International Monetary Fund said the Sino-U.S. trade war would slow global growth.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
