Dow, S&P 500 end down; utilities decline
The Dow and S&P 500 ended lower on Tuesday as a boost from the energy sector and strong consumer confidence data was offset by losses in chipmakers and utilities ahead of an expected Federal Reserve interest rate hike.
Oil jumps, then pares gains as Trump pressures OPEC again
Oil prices rose Tuesday on global supply concerns following U.S. sanctions on Iran’s oil exports, with benchmark Brent surging to a four-year high, then retraced gains to settle just slightly higher after U.S. President Donald Trump called again on OPE…
Versace sale turns up heat on fashion’s independent outliers
Michael Kors’ swoop on Versace leaves a shrinking universe of fashion brands determined to go it alone and fend off luxury empire builders, raising the pressure on those struggling financially to lift sales or sell out.
Dunkin’ drops ‘Donuts’ from name in shift to coffee
Dunkin’ Donuts said on Tuesday it plans to rebrand itself as “Dunkin'” as part of new CEO Dave Hoffman’s plans to bring beverages and breakfast meals to the forefront of the restaurant chain’s menu.
Spotify, Deezer and others call for stronger EU action against U.S. rivals
Music streaming services Spotify and Deezer joined European business and industry bodies in calling on EU regulators to take tougher action to curb what they say are the unfair practices of online platforms.
Wall Street flat as energy gains offset losses in chip stocks
U.S. stocks were flat on Tuesday as the boost from energy sector and strong consumer confidence data helped offset losses in chipmakers and rate-sensitive shares ahead of an expected Federal Reserve interest rate hike.
Fiat Chrysler says regulators get ‘wake-up call’ over fuel rules
Fiat Chrysler Automobiles NV said on Tuesday that U.S. regulators have received a “wake-up call” from automakers over the hurdles they face in trying to meet rising Obama-era fuel-efficiency requirements.
Oil pares gains as Trump repeats calls on OPEC to pump more
Oil prices rose on Tuesday but eased off a four-year high after U.S. President Donald Trump called on OPEC to increase crude output, even he as called for heavier sanctions on major oil producer Iran.
No class action for unhappy Uber drivers: U.S. appeals court
Uber Technologies Inc won a legal victory on Tuesday as a federal appeals court said drivers seeking to be classified as employees rather than independent contractors must arbitrate their claims individually, and not pursue class-action lawsuits.
U.S. consumer confidence hits 18-year high; house prices slowing
U.S. consumer confidence surged to an 18-year high in September as households grew more upbeat about the labor market, pointing to sustained strength in the economy despite an increasingly bitter trade dispute between the United States and China.
