UPS COO’s retirement eclipses e-commerce gains
United Parcel Service Inc’s e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world’s biggest parcel delivery firm’s next leader, would retire at year-end.
McDonald’s misses profit target as competition delivers breakfast, plant burgers
McDonald’s Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world’s biggest fast food chain, sending its shares down 4%.
Zuckerberg to tell Congress Facebook is ‘not the ideal messenger’ for Libra currency
Facebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress that Facebook is not the “ideal messenger” for its Libra cryptocurrency project, given ongoing criticism of the company.
U.S. crude stocks expected to rise for sixth consecutive week: Reuters poll
U.S. crude stockpiles likely rose for the sixth straight week, while refined products stockpiles likely fell last week, an extended Reuters poll showed on Tuesday.
S&P cuts Boeing outlook to ‘negative’ on fresh 737 MAX concerns
S&P Global Ratings lowered its outlook for Boeing Co to “negative” from “stable” on Tuesday, after reports that the planemaker may have misled the U.S. Federal Aviation Administration about problems with the anti-stall software on its grounded 737 MAX jet.
S&P 500, Dow gain on upbeat earnings reports; Facebook pressures Nasdaq
The S&P 500 and Dow Jones indexes rose on Tuesday, as upbeat earnings reports eased concerns over the fallout from the fragile U.S.-China trade relationship, but Facebook pressured Nasdaq after the company was hit with an expanded New York-led probe.
Lockheed Martin profit climbs, expects lower cash flow in 2020; shares dip
Lockheed Martin Corp raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but it forecast a lower cash flow for next year and shares dipped in afternoon trading.
Aramco listing was delayed to rope in anchor investors: sources
Oil giant Saudi Aramco’s much-vaunted stock market listing was delayed after deal advisers said they need more time to lock in cornerstone investors, three sources with direct knowledge of the matter told Reuters.
Wall Street mixed after corporate earnings reports; Facebook falls
The S&P 500 and Dow Jones indexes rose on Tuesday, lifted by upbeat corporate earnings reports that eased concerns over the fallout from the U.S.-China trade war, but a decline in shares of Facebook hurt the Nasdaq.
Explainer: As Draghi era ends at ECB, cheap money concerns nag
Mario Draghi hands over power at the European Central Bank to Christine Lagarde amid fierce debate over the ultra-loose money policies he spearheaded to aid a eurozone recovery from the financial crisis.
