Wall Street drops on concerns over U.S.-China trade woes, rising inflation
(Reuters) – U.S. stocks slipped on Tuesday after the latest retail sales data indicated rising inflation and pushed up Treasury yields, while trade worries lingered with no signs of progress in U.S.-China talks.
Home Depot posts rare sales miss as delayed spring hits demand
(Reuters) – Home Depot Inc on Tuesday missed Wall Street forecasts for sales at established stores as an unusually long winter hit sales of springtime gardening products, but the retailer said it expects to recoup a majority of those lost sales.
ConocoPhillips shareholders reject executive pay proposal
HOUSTON (Reuters) – Shareholders of oil producer ConocoPhillips rejected a proposal at their annual meeting on Tuesday that would have linked executive compensation with U.S. accounting standards.
Uber scraps mandatory arbitration clause for sexual harassment claims
(Reuters) – Uber Technologies Inc [UBER.UL] on Tuesday became the second major company to scrap mandatory arbitration to settle sexual harassment or assault claims, giving victims several options to pursue their claims including public lawsuits.
U.S. consumer spending picking up, gasoline prices a burden
WASHINGTON (Reuters) – U.S. retail sales rose moderately in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.
Wall Street drops on concerns over US-China trade woes, rising inflation
(Reuters) – Wall Street indexes fell on Tuesday as investors worried about a lack of progress in U.S.-China trade talks and Treasury yields rose after U.S. retail sales data indicated rising inflation.
Tesla to produce more than 500 Model 3s per day this week: Electrek
(Reuters) – Tesla Inc’s Chief Executive Officer Elon Musk said production of its crucial Model 3 sedan is likely to exceed 500 vehicles per day this week, automotive news website Electrek reported on Tuesday.
Facebook has not fully answered questions on data privacy: UK lawmakers
LONDON (Reuters) – Facebook has failed to fully answer 39 questions from British lawmakers examining data privacy and fake news, a parliamentary committee said on Tuesday, adding that it would ask the social media giant once again for the missing detai…
Facebook says posts with graphic violence rose in early 2018
MENLO PARK, Calif. (Reuters) – The number of posts on Facebook showing graphic violence rose in the first three months of the year from a quarter earlier, possibly driven by the war in Syria, the social network said on Tuesday, in its first public rele…
White House’s Kudlow: Not certain what U.S. will do on China’s ZTE: Politico interview
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Tuesday it was far from certain what steps the U.S. government would take on China’s ZTE Corp , which he characterized as an enforcement, rather than trade, issue.
