U.S. Fed says terminates 2013 enforcement action against RBS group for sanctions lapses
The U.S. Federal Reserve said on Tuesday that it terminated a 2013 enforcement action against Royal Bank of Scotland Group for sanctions lapses in its foreign operations.
Walmart warns investors it will ‘test a lot and fail a lot;’ cuts profit forecast
Walmart Inc’s chief executive officer on Tuesday urged investors to rethink the company’s business, touting its various tech investments to grow online sales at a time it is battling Amazon.com for market share.
Tough markets hit BlackRock results; shares slump 4 percent
BlackRock Inc’s quarterly revenue fell short of Wall Street’s expectations on Tuesday as the world’s biggest asset manager reported its lowest sales of equity, bond and other long-term investments since the second quarter of 2016.
Wells Fargo to shift European investment banking business to Paris as Brexit looms
Wells Fargo & Co said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy to shift some of its servicing of European mainland customers out of London.
U.S. job openings hit record high of 7.14 million
U.S. job openings jumped to a record high in August, far outpacing a rise in hiring, suggesting that companies could be increasingly having difficulties finding qualified workers.
Wall St. gains after strong earnings from blue-chips
U.S. stocks rose broadly on Tuesday, led by technology and healthcare shares, as upbeat earnings from blue-chip companies helped ease jitters over the impact of the ongoing U.S.-China trade war and other global issues on corporate profits.
U.S. judge approves settlement between SEC, Tesla and Musk
A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc and its Chief Executive Officer Elon Musk.
Equity trading strength boosts profits at Morgan Stanley, Goldman
Wall Street’s top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks.
U.S. industrial output rises, but momentum slowing
U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter.
Huawei launches new flagship phones in bid to keep No. 2 spot
Huawei [HWT.UL] unveiled new flagship smartphones with novel smart camera and video features on Tuesday, as it seeks to sustain momentum among price-conscious consumers.
