Dow closes at record but Facebook drags on S&P, Nasdaq
The Dow hit a record closing high on Tuesday, but another drop in Facebook shares weighed on both the S&P 500 and Nasdaq, driving both to finish in the red.
Toys ‘R’ Us lenders cancel auction, plan to revive brand
The top lenders of Toys ‘R’ Us have decided to cancel the bankruptcy auction of its brand name and other intellectual property assets and instead plan to revive the Toys ‘R’ Us and Babies ‘R’ Us brand names, a court filing on Monday showed.
Wells Fargo has not done enough to refund cheated drivers: regulator
Wells Fargo & Co has not convinced U.S. regulators it is doing enough to repay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday.
Toys ‘R’ Us lenders cancel auction, lenders plan to revive brand
Toys ‘R’ Us has canceled the bankruptcy auction of its brand name and other intellectual property assets and instead plans to revive the Toys ‘R’ Us and Babies ‘R’ Us brand names, the court papers filed by the company’s lenders on Monday showed.
Oil eases below four-year highs; U.S. inventory rise expected
Oil prices eased slightly on Tuesday after rallying for three straight sessions, but remained close to four-year highs on worries that global supplies will drop due to Washington’s sanctions on Iran.
Global stocks dip amid Italy angst, but tech lifts Dow
Stocks were shaky around the globe and European assets sold off on Tuesday as anti-euro comments by an Italian lawmaker sent Italy’s bond yields to multi-year highs and optimism over an agreement to revamp a North American trade deal receded.
Dow hits record but Facebook weighs on Nasdaq
The Dow and S&P advanced on Tuesday, with the blue-chip index hitting a record, while another drop in Facebook shares weighed on the Nasdaq.
S&P downgrades GE’s credit rating, Moody’s, Fitch put it on review
Ratings agency Standard & Poor’s cut General Electric Co’s credit rating on Tuesday, a day after the conglomerate announced a $23 billion charge related to its power business and ousted its chief executive officer.
Euro weakens to six-week low as Italian concerns weigh
The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy’s ruling parties said most of the country’s problems would be resolved if it readopted a national currency.
Tariffs could lift U.S. prices but no sign yet: Fed’s Powell
The array of trade tariffs and counter measures from other countries could raise U.S. inflation but there is so far no indication of that happening, Federal Reserve Chairman Jerome Powell said on Tuesday.
