Wall Street slips after mixed bank earnings, Trump comments
U.S. stock indexes edged lower on Tuesday as results from Wall Street’s big lenders rekindled concerns about banks coming under pressure to boost profits when the Federal Reserve is seen cutting interest rates as early as this month.
Global stocks slip, U.S. yields rise on retail sales data
A gauge of global equities edged lower on Tuesday and U.S. Treasury yields climbed as a stronger-than-anticipated report on retail sales raised the possibility that a second rate cut by the Federal Reserve this year could be pushed back by several mont…
Oil steadies as U.S. supply ramps up after storm
Oil prices steadied on Tuesday, paring gains as U.S. offshore crude production resumed after Hurricane Barry and tensions between the U.S. and Iran were seen easing.
Big banks beat profit expectations but warning signs grow
Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field is beginning to tilt against the financial industry.
Italy court acquits former Monte dei Paschi finance chief in fraud case
An Italian court on Tuesday acquitted Monte dei Paschi di Siena’s former finance chief Gianluca Baldassari and 11 others of charges related to an alleged fraud scheme at the bank.
Bills targeting China’s Huawei introduced in U.S. Congress
Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump’s easing of restrictions on the Chinese firm.
Blue Apron beefs up menus with Beyond Meat burgers, shares rise 33%
Blue Apron Holdings Inc said on Tuesday it would include Beyond Meat Inc’s plant-based burgers on its menus next month, betting on a multi-billion-dollar meat alternative market to lure new customers.
New York City can ban ads inside Ubers, Lyfts: U.S. appeals court
A federal appeals court on Tuesday said New York City can ban advertising inside vehicles driven for companies such as Uber and Lyft, handing a victory to the millions of passengers who it said find such ads “extremely annoying.”
Senators grill Facebook on its plans for Libra cryptocurrency
Facebook Inc is “delusional” to believe people will trust it with their money, a U.S. senator said on Tuesday as lawmakers from both sides of the aisle grilled the social media company on its plans for a digital currency at a hearing on Tuesday.
UAW head to GM: we invested in you, now invest in us
The UAW and General Motors Co on Tuesday formally kicked off contract talks, with the union’s president calling on the automaker to keep open plants it has slated for closure and to invest in its workforce after the union helped it through a governmen…
