Google-owner Alphabet’s shares fall on rise in costs
(Reuters) – Shares of Google parent Alphabet Inc lost more than 5 percent on Tuesday as a surge in costs drove what analysts said was its biggest ever contraction in gross margins, overshadowing strong first-quarter ad sales.
Trump says new NAFTA deal could be completed quickly
WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday that a new NAFTA trade deal could be completed quickly, as ministers from Canada, Mexico and the United States prepared to meet later in the day to try to work out their differences and…
Audi recalling 1.16 million vehicles worldwide over coolant pump issue
WASHINGTON (Reuters) – Volkswagen AG’s luxury unit Audi said on Tuesday that it was recalling 1.16 million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from moisture within the pump and pose a fi…
Coke warns of pain from UK sugar tax, U.S. freight costs
(Reuters) – Coca-Cola Co said on Tuesday it would take a hit in the second quarter from the introduction of a British sugar tax on soft drinks and rising freight costs in the United States, overshadowing modestly better than forecast results for the f…
FAANG, industrial stocks hit Wall Street
(Reuters) – A sharp drop in so-called ‘FAANG’ group of technology stocks pushed the Nasdaq Composite lower on Tuesday, with rising 10-year yields and contrasting earnings reports from industrials also adding to the pressure.
Mexico seeks flexibility for new NAFTA deal as ministers meet
WASHINGTON (Reuters) – Mexican Economy Minister Ildefonso Guajardo said on Tuesday that flexibility will be needed to hash out an agreement on a new NAFTA deal, as he prepared to meet with his U.S. and Canadian counterparts later in the day.
“Very good chance” of a U.S.-China trade deal: Trump
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday said the United States would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days.
Google-owner Alphabet’s shares dip on rise in costs
(Reuters) – Shares of Google parent Alphabet Inc lost almost 5 percent on Tuesday as a surge in costs drove what analysts said was its biggest ever contraction in gross margins, overshadowing strong first-quarter ad sales.
Citi chairman says all options being considered for his replacement
CHICAGO/BENGALURU (Reuters) – Citigroup Inc Chairman Mike O’Neill said on Tuesday all options were being considered for his replacement, when he will retire in the next 12 months.
Wall Street lower as yields, Alphabet weighs
(Reuters) – U.S. stocks turned negative on Tuesday, weighed down by shares of Alphabet and 3M and as yield on the 10-year Treasury notes <US10YT=RR> rose to 3 percent for the first time in more than four years.
