S&P 500 posts best four-month run in nearly nine years; Apple jumps after hours
The S&P 500 eked out another record high close on Tuesday and capped its best four-month stretch in nearly nine years after a recent rally that helped to restore investors’ belief in the decade-long bull run.
Huawei partners with local retailers to sell flagship smartphones in Brazil
China’s Huawei Technologies Co Ltd on Tuesday launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world’s fourth-largest smartphone market, broadening its footprint in Latin America.
EU belittles U.S. claims as ‘frankly childish’ at WTO Airbus hearing
A European Union trade lawyer fired withering put-downs at U.S. claims for damages due to subsidies for European planemaker Airbus in a recording of a dispute hearing made available by the World Trade Organization (WTO) on Tuesday.
Apple optimistic as iPhone price cuts help in China, watches pull in new buyers
Apple Inc on Tuesday forecast stronger-than-expected third-quarter revenue and Chief Executive Tim Cook said iPhone sales had started to stabilize in China, a sign that Apple’s price cuts there are helping limit sales declines.
Trump’s Fed pick Moore faces mounting lawmaker doubts
Doubts mounted on Tuesday over U.S. President Donald Trump’s pick to fill a vacant seat at the Federal Reserve, with one Republican senator saying she was “very unlikely” to back economic commentator Stephen Moore and another calling his nomination “ve…
U.S. Treasury chief hopes for ‘substantial progress’ in China trade talks
U.S. Treasury Secretary Steven Mnuchin said on Tuesday that he hopes to make “substantial progress” with Chinese negotiators in the next two rounds of trade talks, as the world’s two largest economies look for ways to end their bruising trade war.
Former Google executives Eric Schmidt, Diane Greene to leave board
Google parent company Alphabet Inc said on Tuesday former Chairman and Chief Executive Eric Schmidt and former Google Cloud CEO Diane Greene will step down from the search company’s board in June.
Nasdaq retreats as Alphabet falls but Apple gains after hours
The Nasdaq fell on Tuesday as shares of Google-parent Alphabet tumbled following a revenue miss and Apple dropped, though the S&P 500 eked out another record closing high.
Mondelez beats core revenue estimates on emerging markets demand
Oreo cookies maker Mondelez International Inc reported a higher-than-expected growth in first-quarter core revenue on Tuesday, boosted by demand for its snacks and chocolates in emerging markets and higher pricing in Latin America.
Global stocks edge up as S&P 500 erases early losses; euro firms
Global equity markets edged higher on Tuesday as the Dow and S&P 500 indexes erased early lows caused by weak Chinese business surveys and a tumble in shares of Google parent Alphabet, while the euro strengthened on the heels of data that showed euro zone growth topped expectations.
