Wall Street approaches record high on earnings optimism
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies, while a debt ceiling and budget deal between President Donald Trump and Congress also buoyed sentiment.
Lockheed to move F-35 jet parts sourcing to U.S. from Turkey
Lockheed Martin Corp said on Tuesday it was working to establish alternate supply sources for F-35 parts in the United States after the Pentagon decided last week to remove Turkey from the fighter jet program.
Oil flat, Brent around $63/bbl as demand concerns weigh
Oil prices were largely flat around $63 a barrel on Tuesday as expectations of lower U.S. crude supplies were offset by weaker demand forecasts and the full restart of Libya’s largest oil field.
Bed Bath & Beyond cuts 7% of corporate staff, including COO
Furnishing retailer Bed Bath & Beyond Inc said on Tuesday its chief operating officer was departing as part of its move to cut 7% of corporate staff, following a review of office costs.
Colombia orders Uber to improve data security after 2016 breach
Colombia has given ride-hailing app Uber Technologies Inc four months to improve its data security, the commerce regulator said on Tuesday, after a 2016 data breach affected more than 260,000 of the South American country’s residents.
Stocks rise on upbeat earnings, sterling drops on Brexit prospects
A host of strong earnings boosted U.S. stocks on Tuesday and world stocks edged higher in anticipation of central bank easing, while sterling fell after Brexit hardliner Boris Johnson won the leadership of Britain’s Conservative Party, clearing the way…
U.S. home sales tumble as prices surge to record high
U.S home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, indicating the housing market was struggling to regain speed since hitting a soft patch last year.
Upbeat earnings from Coca-Cola, United Tech lift Wall Street
U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment.
U.S. will deal with Huawei waiver applications within weeks: Ross
The Trump administration plans to handle applications from tech companies seeking waivers over Huawei Technologies Co Ltd’s [HWT.UL] blacklisting within the next few weeks, U.S. Commerce Secretary Wilbur Ross told Bloomberg Television on Tuesday.
Sales to emerging markets a bright spot for Harley Davidson
Harley-Davidson Inc on Tuesday reported stronger sales in China and other Asian markets and said U.S. sales should improve in the second half of the year, positive news that offset a cut to its full-year motorcycle forecast and sent shares up 5.3 perc…
