S&P 500 earnings swoon seen extending to fourth quarter
Earnings of companies in the benchmark S&P 500 index are expected to decline in the fourth quarter from the year-earlier period, which would mark a second straight quarterly profit drop, according to IBES data from Refinitiv.
Uber drives up prices for shared rides, Chicago data reveals
How much ride-hailing companies Uber and Lyft charge customers throughout a day is one of the most closely held secrets in Silicon Valley.
Wall Street edges higher on trade hopes, Disney boost
U.S. stocks edged higher on Tuesday, building on the prior day’s record closing levels, as positive comments by President Donald Trump on trade talks and gains for Disney and Best Buy overshadowed some softer-than-anticipated economic data.
Lincoln electric SUV to use Ford-backed startup’s ‘skateboard’ chassis: sources
A battery-powered Lincoln SUV, due in mid-2022, will be the first Ford Motor Co vehicle built on a custom electrified chassis that resembles a skateboard, which was developed by Ford-backed startup Rivian, according to several people familiar with the…
NYSE seeks to let direct listings raise capital in IPO alternative
The New York Stock Exchange (NYSE) said on Tuesday it had filed with the U.S. Securities and Exchange Commission to allow companies going public to raise capital through a direct listing, instead of an initial public offering.
Federal prosecutors open criminal probe of opioid makers, distributors: WSJ
Federal prosecutors have opened a criminal investigation into whether pharmaceutical companies intentionally allowed opioid painkillers to flood communities, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
U.S.-China trade deal close, Trump says; negotiations continue
The United States and China are close to agreement on the first phase of a trade deal, U.S. President Donald Trump said on Tuesday, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues.
S&P 500 earnings swoon now seen extending to fourth quarter
Companies in the S&P 500 index are expected to earn less in the fourth quarter than the year-earlier period, which would mark a second straight quarterly profit decline, according to IBES data from Refinitiv.
Aramco IPO retail subscription at $7.21 billion: lead manager
Retail subscription for Saudi Aramco’s initial public offering (IPO) reached 27.04 billion Saudi riyals ($7.21 billion) on Tuesday, lead manager Samba Capital said.
U.S. consumer confidence ebbing; housing market firming
U.S. consumer confidence fell for a fourth straight month in November amid worries about current business conditions and employment prospects, but remained at levels sufficient to support a steady pace of consumer spending.
