Trade angst, Brexit battle rattle European stocks, bond yields dip
European stocks sank and major bond yields nudged lower on Tuesday as concerns over China-U.S. trade talks, disappointing European company news and escalating tensions between London and Brussels sparked a flight to safety.
Target to power new Toys ‘R’ Us online business
Target Corp on Tuesday announced a partnership with Tru Kids, the parent company of Toys ‘R’ Us brand, to power the toy retailer’s online business in the United States ahead of the holiday season.
Shoemaker Vans treads warily as China fumes over Hong Kong protests
U.S. sports brand Vans has removed “a small number” of submissions in a sneaker design competition including one apparently giving a shout out to Hong Kong’s pro-democracy protests, as companies weigh the risks of angering China.
Wall Street eyes weaker open on escalating trade concerns
Wall Street was set to open lower for the second straight session on Tuesday, after a report that the Trump administration was moving ahead with discussions around possible curbs on capital flows into China stirred up fresh worries over the outcome of …
Boeing to invest $20 million in Richard Branson’s Virgin Galactic
Boeing Co said on Tuesday it would invest $20 million in Richard Branson’s space-tourism venture Virgin Galactic giving it more money to take on rivals in the race to space.
Oil falls on concerns over U.S.-China trade talks
Oil prices fell on Tuesday as Washington’s blacklisting of more Chinese companies dampened hopes for a trade deal between the two countries, though unrest in Iraq and Ecuador lent some support to crude prices.
Domino’s hit by competition on deliveries, shifts outlook
Domino’s Pizza missed Wall Street estimates for quarterly same-store sales and profit on Tuesday, hurt by growing competition from third-party delivery services and small pizzerias, sending the pizza chain’s shares down 6%.
Nissan names darkhorse candidate Uchida as next CEO, Gupta as COO
Nissan Motor Co named Senior Vice President Makoto Uchida as its next chief executive on Tuesday, picking a relative outsider who joined the automaker mid-career and is known for his rigorous work ethic and relentless focus on cost control.
Spooked by Libra, EU pledges to regulate digital currencies
The European Union’s finance commissioner pledged on Tuesday to propose new rules to regulate virtual currencies, in a reaction to Facebook’s plans to introduce Libra, which the EU considers a risk to financial stability.
Domino’s same-store sales miss estimates as competition bites
Domino’s Pizza Inc on Tuesday reported same-store sales below Wall Street estimates for the fourth straight quarter, hurt by growing competition from third-party delivery services and small pizzerias.
