Fannie, Freddie shares dip after Fed’s Powell remarks
Fannie Mae and Freddie Mac’s stock prices slipped on Tuesday after Federal Reserve Chairman Jerome Powell told a Senate panel that he thinks it’s important in the longer run the housing financial system be off the government’s balance sheet.
UnitedHealth second quarter medical costs miss estimates, shares slide
UnitedHealth Group Inc, the largest U.S. health insurer, on Tuesday reported second-quarter medical costs slightly higher than Wall Street expectations, sending its shares down 4 percent and weighing on the rest of the sector.
Dollar holds gains after Fed chair remarks, stocks edge higher
The U.S. dollar held gains on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the U.S. Federal Reserve, while world stocks edged higher, with Wall Street erasing earlier losses.
Russia’s Novak says gas talks to continue with Ukraine and EU
Russian Energy Minister Alexander Novak said on Tuesday that three-way talks with Ukraine and the European Union would continue in the autumn, after he met representatives from Kiev and the European Commission in Berlin.
Tesla Model 3 is most profitable electric car: consultant
The Tesla Inc Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant.
Thyssenkrupp searches for new chairman as activists circle
Thyssenkrupp’s foundation, the company’s largest shareholder, pledged to work with unions and management to appoint a successor to its chairman Ulrich Lehner, with questions about its role in his abrupt departure.
Thyssenkrupp’s foundation to steer conglomerate in leadership crisis
Thyssenkrupp’s foundation, the company’s largest shareholder, pledged to work with unions and management to appoint a successor to its chairman Ulrich Lehner.
Netflix shares take hit as subscriber slip hints at ‘lumpy’ road ahead
Shares of Netflix Inc headed for their worst day in two years on Tuesday, falling as much as 14 percent after reporting a surprise shortfall in new subscribers in a quarter marked by the lack of a blockbuster new show and World Cup soccer.
AirAsia’s Fernandes says not decided on plane order, no plans to be at Farnborough
AirAsia Group Bhd CEO Tony Fernandes said the group had not taken a decision on which aircraft manufacturer to pick for new plane orders and that he was not planning to go to the air show in Farnborough, England, this week.
Goldman Sachs names new CEO, profit beats; shares dip
Goldman Sachs Group Inc announced a new chief executive on Tuesday and reported a better-than-expected jump in quarterly profit, but investors focused on relatively weak performance in its main businesses.
