Retail sector weighs on Wall Street; Dow and S&P end lower
The Dow Jones Industrial Average and the S&P 500 fell from record levels on Tuesday as dour forecasts from retailers Home Depot and Kohl’s fueled worries about consumer spending and the U.S.-China trade dispute dragged on.
U.S. Fed approves merger between BB&T, SunTrust Banks
The U.S. Federal Reserve said on Tuesday it approved a merger between BB&T Corp and SunTrust Banks Inc, sealing the biggest tie-up of banks since the 2007-2009 global financial crisis.
U.S. House Speaker Pelosi says enforcement is key to USMCA trade deal
U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday an agreement with the Trump administration on the U.S.-Mexico-Canada trade deal can be reached if it is enforceable.
NTSB cites Uber, distracted backup driver in fatal self-driving crash
The U.S. National Transportation Safety Board (NTSB) on Tuesday took Uber to task for what it said were weaknesses in its approach to safety as it laid out its findings in the investigation of the first-ever death involving a self-driving vehicle, whi…
OxyContin maker Purdue Pharma to pay states’ lawyers, urged to help victims
(Corrects name of lawyer to Scott Markowitz from Scott Bickford in 5th paragraph)
Ghana joins airline competition fray with Dubai jet order
Ghana became the latest African nation to support the development of an international airline to boost its economy and develop tourism as its government signed a provisional order for three Boeing long-haul 787 Dreamliner jets on Tuesday.
Dismal retail forecasts drag down Dow, S&P 500
The Dow Jones Industrial Average fell from record levels while the S&P edged lower on Tuesday as dour forecasts from retailers Home Depot Inc and Kohl’s Corp fueled worries about consumer spending as the U.S.-China trade dispute dragged on.
Oil slumps on oversupply fears, trade talk concerns
Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand.
Oversupply angst drags oil lower, stocks drift near highs
Oil prices fell sharply on Tuesday on oversupply concerns, while a gauge of stocks across the globe rose for a seventh straight session after large overnight gains in Asia.
Amazon uses aggregated seller data to help business, it tells lawmakers
Amazon.com Inc uses “aggregated data” from sellers in its third-party marketplace to improve its overall business, the online retailer said in response to a congressional antitrust probe that could raise concerns with such sellers.
