Oil lingers around 2019 highs but demand worries weigh
Oil steadied on Tuesday after hitting 2019 highs as concerns about global crude oil demand, coupled with uncertainty over the latest round of U.S.-China trade talks, countered investor optimism around tightening supplies.
Gold hits 10-month peak on hopes for U.S.-China trade talks
Gold prices surged to a 10-month high on Tuesday, as the U.S. dollar weakened, on optimism for a breakthrough in U.S.-China trade talks, with bullion also receiving support as a safe-haven asset due to concerns over global growth.
Strong U.S. economy boosts Walmart holiday-quarter sales, shares gain
A strong U.S. economy boosted Walmart Inc’s holiday-quarter sales growth to the best in a decade, lifted by consumer spending in key categories like groceries and increased e-commerce purchases.
U.S. seeking stable yuan pledge in China trade deal: Bloomberg TV
The United States is seeking to secure a pledge from China it will not devalue its yuan as part of an agreement intended to end the countries’ trade war, Bloomberg TV reported on Monday.
Barclays hoped 2008 cash call would drive international growth, court told
Barclays believed deals with strategic investors during the 2008 financial crisis would help to provide a springboard for its international ambitions, the bank’s former chairman told a London criminal trial on Tuesday.
Google to buy data migration company Alooma in cloud push
Alphabet Inc’s Google said on Tuesday it will buy data migration company Alooma, as part of efforts to catch up with bigger cloud service rivals Amazon.com Inc and Microsoft Corp.
Netflix Toronto production hub to create 1,850 jobs annually
Netflix Inc said on Tuesday it is creating a production hub with two studios in Toronto that is expected to create 1,850 jobs per year.
JD Sports raises its stake in Footasylum to more than 18 percent
Footasylum Plc said on Tuesday its larger rival JD Sports Fashion Plc has increased its stake in the company to more than 18 percent.
Appaloosa’s Tepper says Allergan should consider selling itself
Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc and said on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance.
Wall St. flat as Walmart offsets bank losses; trade talks eyed
U.S. stocks struggled for direction on Tuesday as gains in Walmart offset losses in financials, with trade talks between the United States and China in focus.
