Amazon and Microsoft nudge S&P 500 closer to record high
The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the U.S. economy’s strength.
Papa John’s earnings forecast slips on public spat with founder
Papa John’s International Inc on Tuesday posted a second-quarter comparable sales decline of 6.1 percent in North America and estimated a further 7 to 10 percent drop in the current quarter as the pizza chain’s spat with its founder hurts profits.
Snap beats on revenue, loses users for the first time
Snap Inc shares soared more than 12 percent after hours on Tuesday as the company reported better-than-expected quarterly revenue and adjusted earnings even as daily users fell for the first time in its reporting history.
U.S. finalizes next China tariff list targeting $16 billion in imports
The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative’s office said on Tuesday as it published a final tariff list targeting 279 imported product lines.
Disney quarterly profit misses as programming costs surge
Walt Disney Co missed Wall Street profit targets on Tuesday as it lost more subscribers at its cable sports network ESPN and invested in technology and programming to try and capture audiences migrating to streaming television.
Global stocks rise on China boost, S&P 500 nears record; oil gains
Equity markets around the world neared a six-month high on Tuesday, buoyed by a rebound in Chinese stocks and an earnings-driven surge on Wall Street, while oil prices rose on concerns U.S. sanctions against Iran could cause supply shortages.
Wendy’s North America same-restaurant sales top estimates
U.S. burger chain Wendy’s Co on Tuesday topped Wall Street targets for sales at established outlets in North America, led by the popularity of its value-menu offerings.
Snap loses users for the first time, beats on revenue
Snap Inc’s Snapchat app unexpectedly lost users in the second quarter, the company said on Tuesday, likely adding fuel to investor fears about slowing growth in the social media sector.
Disney quarterly revenue rises 7 percent
Walt Disney Co reported a 7 percent rise in quarterly revenue on Tuesday, driven by the success of superhero movie “Avengers: Infinity War” and more visitors to its theme parks and resorts.
S&P 500 moves closer to record high; Amazon, Alphabet help
The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the strength in the U.S. economy.
