Oil prices fall more than 1 percent on rising supply, trade war
Oil prices fell more than 1 percent in choppy trading on Tuesday on signs of rising supply and concern that global economic growth and fuel demand would be hit by a deepening of the U.S.-China trade dispute.
Under Armour shares surge on rosy outlook as turnaround takes hold
Under Armour Inc’s shares surged 25 percent on Tuesday after the sportswear maker beat quarterly earnings estimates and raised its full-year profit forecast as it kept costs lower and offered fewer discounts.
Exclusive: Higher revenues, restrained spending boost U.S. states’ credit quality – Conning
The credit quality of U.S. states is improving, with revenue growth and spending moderation helping to halt a downward trend, according to a report to be released later on Tuesday.
Coke profits get health kick in third quarter
Coca-Cola Co’s quarterly revenue and profit topped Wall Street expectations on Tuesday, as investments to cater to changing consumer tastes paid off with higher sales of its sugar-free sodas and vitamin waters.
U.S. stocks ride higher on trade optimism
U.S. stocks rose on Tuesday, helped by a rebound in technology stocks after a volatile few sessions on Wall Street, amid optimism over the U.S.-China trade dispute and some upbeat earnings reports.
Chesapeake expands oil production with $4 billion WildHorse deal
Chesapeake Energy Corp said on Tuesday it would buy Texas-based WildHorse Resource Development Corp in a nearly $4 billion deal, adding lucrative oil-producing regions as part of efforts to cut reliance on low-priced natural gas.
Oil prices fall 2 percent on rising supply and trade war
Oil prices fell more than 2 percent on Tuesday on signs of rising supply and concerns that global economic activity and fuel demand would be hit by a deepening U.S.-China trade dispute.
Baker Hughes to halt buybacks, awaits GE plans
GE’s Baker Hughes has halted its share buyback program as it awaits more clarity from parent General Electric about its plans as the U.S. conglomerate embarks on more organizational and financial changes.
Stocks struggle after trade worries send yuan to 10-year low
European shares labored in the red and China’s yuan hit a 10-year low on Tuesday as the prospect of an escalation in the U.S.-Sino trade war compounded the recent gloom in global markets.
Whirlpool to continue production in its Turkey factories: statement
U.S. home appliances maker Whirlpool will continue operations at its factories in Turkey’s western Manisa province, it said in a statement to Reuters on Tuesday, although it is exiting the domestic sales business in the country.
