Stocks tumble globally as investors flee for safety
Wall Street stocks followed Europe and Asia lower on Tuesday as investors fled for safety as they worried about U.S. earnings, Italy’s finances and U.S. trade tensions while pressure mounted on Saudi Arabia over the death of journalist Jamal Khashoggi….
Tesla critic Citron makes U-turn ahead of results
Tesla Inc shares jumped more than 12 percent on Tuesday after long-time critic and short-seller Citron Research said it had a change of heart and is now betting the electric automaker’s stock will rise.
Wall Street tumbles as weak industrials add to dour mood
Wall Street sank more than 1 percent on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade-war fears.
Saudi crown prince says satisfied with investment conference in Riyadh
Saudi Crown Prince Mohammed bin Salman said on Tuesday he was satisfied with the Future Investment Initiative conference as he toured the venue.
Long-time Tesla critic Citron Research goes ‘long’ on stock
Tesla Inc’s shares rose nearly 7 percent on Tuesday, after long-time critic and short-seller Citron Research reversed its opinion on the stock to “long” from “short”.
Lockheed Martin profit rises 17 percent in third quarter, sees ’19 sales up 5-6 percent
Lockheed Martin Corp , the Pentagon’s No. 1 weapons supplier, reported a 17 percent rise in quarterly profit on Tuesday, driven by increased production of its F-35 fighter jets.
Wall Street tumbles at open as weak industrials add to dour mood
Wall Street opened sharply lower on Tuesday as disappointing earnings from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade war fears.
Caterpillar’s shares tumble on disappointing profit outlook
Caterpillar Inc disappointed investors on Tuesday by not raising its 2018 earnings forecast yet again, raising fears that the heavy-duty equipment maker may be signaling a slowdown despite posting better-than-expected quarterly profits.
United Technologies expects higher cost in 2019 due to tariffs
United Technologies Corp said on a conference call on Tuesday it expects tariffs to cost about $200 million in 2019, double its prior estimate of about $100 million.
Saudi signs deals worth $50 billion at investment event despite boycott
Saudi Arabia signed deals worth $50 billion on Tuesday, showing it can still attract investment at a conference boycotted by Western politicians and global business chiefs after the killing of journalist Jamal Khashoggi.
