Wall Street opens higher after upbeat UnitedHealth, J&J results
U.S. stocks opened higher on Tuesday, taking the S&P 500 to less than a percent away from an all-time high, after better-than-expected results from healthcare giants UnitedHealth and Johnson & Johnson.
UnitedHealth beats first-quarter profit view, raises 2019 forecast
UnitedHealth Group Inc on Tuesday reported a quarterly profit above estimates and raised its 2019 earnings forecast on increased prescription volumes at its pharmacy benefits unit, sending shares of the largest U.S. health insurer up 3 percent.
U.S. manufacturing output unchanged in March
U.S. manufacturing output was unchanged in March after two straight monthly declines, leading to the largest quarterly decrease in production since 2017.
Amazon to crunch data for Chilean stargazers amid Latam push
Amazon Web Services, a unit of Amazon.com Inc, said it will help astronomers in Chile crunch huge troves of data using its cloud computing services, a symbolically important step for the retail-to-entertainment giant as it looks to expand in Latin Amer…
Bank of America quarterly revenue slips but earnings top expectations
Bank of America Corp missed revenue expectations in the first quarter but its earnings still beat forecasts as the bank chopped its expenses and expanded its loan book.
J&J profit boosted by better-than-expected pharma unit sales
Johnson & Johnson beat quarterly profit estimates on higher sales at its pharmaceuticals unit even as it faces fierce competition for some of its biggest drugs, sending the company’s shares up more than 2 percent.
Oil edges above $71 as supply risks back in focus
Oil edged above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that raised concerns of more supply threats, outweighing expectations of higher U.S. inventories.
BlackRock’s Fink says he expects ‘huge’ inflows into stocks
The U.S. economy is speeding up again after a slowdown and the market is getting ready for ‘huge’ inflows into stocks, BlackRock Inc’s Chief Executive Larry Fink told Reuters in an interview on Tuesday.
Upstart Russian oil firm, with Goldman Sachs backing, bucks industry blues
In the frozen taiga of eastern Siberia, where bears roam in spring after waking from hibernation, an independent Russian oil company is bucking the domestic industry trend by rapidly ramping up its output and expanding operations.
Stocks march to new highs as European volatility vanishes
Stock markets rose on Tuesday to new six-month highs after reassuring data about the health of China’s economy and economic sentiment in Germany helped investors brush aside disappointing bank earnings.
