Wall Street gains as earnings season begins in earnest
Wall Street advanced on Tuesday as third-quarter reporting season hit with a spate of upbeat earnings reports that brought buyers back to the equities market.
Oil falls on weaker economic growth forecasts and swelling U.S. crude stocks
Oil prices fell on Tuesday, as investors worried that the unrelenting U.S.-China trade war would keep squeezing the global economy, and that swelling U.S. crude inventories would further pressure prices.
Fidelity to review ties with money manager after ‘inappropriate’ comments
Fidelity Investments criticized money manager Kenneth Fisher on Tuesday over what it called inappropriate remarks he made at an investment conference last week, saying it was reviewing the $500 million Fisher’s firm manages for the mutual fund giant.
Wall Street advances as earnings season hits the road running
Wall Street jumped on Tuesday as third-quarter reporting season kicked into high gear with a spate of upbeat earnings reports that brought buyers back to the equities market.
GM, union close to deal to end month-long UAW strike: sources
General Motors Co and the United Auto Workers union were near a deal on Tuesday to end a 30-day strike that has cost the automaker about $2 billion after Chief Executive Mary Barra and President Mark Reuss took part in contract talks, according to two…
Buffett’s Berkshire seeks Fed leeway to boost BofA bet: Bloomberg
Warren Buffett’s Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, Bloomberg reported on Tuesday.
Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup
Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth of shareholder value.
Wall Street gains after strong start to earnings season
Wall Street rose 1% on Tuesday as strong earnings from JPMorgan, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on Corporate America.
Oil steady, retraces losses on talk of Brexit deal, hints of OPEC supply restraint
Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs are possible, but prices remained under pressure from U.S.-China trade worries and concern about…
WeWork bond prices at record low on possible debt-heavy financing deal
The price of WeWork’s U.S. junk bond fell to an all-time low on Tuesday, last trading at 78 cents on the dollar, as the company weighed financing options including a package that may include at least $2 billion of unsecured notes with a 15% coupon.
