Wall St. rises on earnings optimism, lira rebound
Wall Street’s three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased contagion fears.
Ford recalls 3,968 cars over clutch pressure plate issue: regulator
Russia’s standards agency said on Tuesday it had been informed about the recall of 3,968 Ford cars sold between 2011 and 2016.
Tesla forms three-member panel to look at any Musk deal
Tesla Inc’s board named a special committee of three directors on Tuesday which will evaluate Elon Musk’s proposals to take the company private, although it said it was yet to see a firm offer from the company’s chief executive.
Wall St. set for higher open on healthy earnings, lira rebound
U.S. stocks were set to open higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its free fall after three weeks of slide.
Home Depot second-quarter sales bounce back after slow start to year
Home Depot Inc on Tuesday reported second-quarter sales that beat Wall Street estimates despite signs of a slowdown in the housing market, boosted by a rebound in demand for seasonal products and shoppers making more purchases to remodel their homes.
Investment firms explore buyout of Yum China: sources
Investment firms are exploring a buyout of Yum China Holdings Inc. in what could be one of Asia’s biggest M&A deals this year, sources close to the situation told Reuters.
Shares regain footing as lira pulls out of nosedive
World share markets fought to regain their footing on Tuesday, as Turkey’s lira pulled out of its recent nosedive and reassuring data from Germany helped offset the latest wobbles in China’s giant economy.
Futures rise as Turkish lira rebounds, tech stocks gain
U.S. stock index futures inched higher on Tuesday as global markets bounced back from concerns of weakness in Turkish currency, with gains in technology stocks lifting sentiment.
Home Depot’s second-quarter sales top estimates, shares rise early
Home Depot Inc on Tuesday reported second-quarter sales that beat Wall Street estimates and revised its earnings forecast for the year, boosted by a rebound in demand for seasonal merchandise and as more shoppers made purchases.
Tech still all the rage while bears prowl emerging markets: BAML survey
Global investors remain overwhelmingly bullish on U.S. and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch’s latest monthly fund manager survey showed on Tuesday.
