Wall St. jumps more than 2 percent after earnings, data
U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies, including UnitedHealth and Goldman Sachs, and solid economic data, as equities rebounded from a recent sharp sell-off.
U.S. Senate bill could give Tesla, GM electric car tax credit boost
Tesla Inc and General Motors Co , which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 tax credit, could get their way for up to four years under a new proposal from a Republican senator.
Goldman Sachs will slow consumer loan growth if market falters
Goldman Sachs will limit loan growth in one of its new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon’s task of boosting revenue by $5 billion by 2020.
Walmart CEO points to new company culture, cuts profit forecast
Walmart Inc’s chief executive officer on Tuesday urged investors to revise their view of the company’s business, touting its tech investments to grow online sales at a time that Walmart is battling Amazon.com for market share.
Big U.S. banks end third quarter on high note
Wall Street’s top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms.
U.S. seen likely to relieve Prudential of ‘systemic’ oversight
A panel of U.S. regulators is seen as likely to relieve Prudential Financial Inc from stricter oversight when it meets on Tuesday, in a move that could reduce the insurance company’s regulatory costs.
Wall St. rallies back with earnings boost
U.S. stocks surged on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off.
Dell maintains plans to go public despite Icahn opposition
Dell Technologies Inc said on Tuesday it was sticking to its plans to go public by buying back its tracking stock , a day after activist investor Carl Icahn opposed the move.
EU regulators ask Sony’s rivals and users how it might use power after EMI deal
EU antitrust regulators reviewing Sony Corp’s $2.3 billion bid for EMI are asking rivals and users whether they think the Japanese group would use its greater market power to win better terms in digital media deals.
Lyft selects JPMorgan, Credit Suisse for IPO in 2019: source
Ride-hailing company Lyft Inc has chosen JPMorgan Chase & Co, Credit Suisse and Jefferies as underwriters for its initial public offering, slated for the first half of 2019, according to a person familiar with the matter.
