Tesla production pause adds to Model 3 concerns
(Reuters) – Tesla Inc shares fell as much as 2 percent in premarket trading on Tuesday, a temporary halt in production of its Model 3 sedan adding to nerves about the electric car maker’s consistent failure to keep its promises on vehicle output.
J&J quarterly profit beats on demand for cancer drugs
(Reuters) – Johnson & Johnson reported a better-than-expected first-quarter profit on Tuesday and raised its full-year sales forecast, helped by growing demand for its cancer drugs.
Goldman profit up 27 percent as trading surges
(Reuters) – Goldman Sachs Group Inc reported a 27 percent rise in quarterly profit on Tuesday, driven by a surge in trading revenue due to increased market volatility.
Futures rise on strong earnings from Netflix, health majors
(Reuters) – U.S. stock index futures rose on Tuesday as strong earnings from Netflix, Johnson & Johnson and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in seven years.
Tech giants remain most crowded trade for third month running: BAML survey
LONDON (Reuters) – The world’s biggest tech stocks were investors’ top pick for the third straight month despite mounting worries over regulation, Bank of America Merrill Lynch’s April fund manager survey found on Tuesday.
Wells Fargo loses steam in commercial lending as rivals pounce
NEW YORK (Reuters) – Wells Fargo & Co’s two biggest competitors have been nabbing market share in lending to commercial and industrial customers in the American heartland, a sign of how difficult it has become for the scandal-tarnished bank to defend its position against rivals.
Exclusive: Amazon in talks with airline Azul for shipping in Brazil – sources
SAO PAULO (Reuters) – Amazon.com Inc is in talks with Brazilian airline Azul SA on shipping goods in the country, two sources with knowledge of the matter told Reuters, in the latest sign of the retailer’s big plans in Latin America’s largest economy…
Exclusive: Chinese exporters concerned about U.S.-China trade spat – survey
GUANGZHOU, China (Reuters) – As Washington and Beijing face off in a simmering trade dispute, Chinese exporters are expressing concerns about an escalation, although many say they expect the worst to be averted as negotiations continue.
UnitedHealth’s quarterly profit beats estimates
(Reuters) – UnitedHealth Group Inc, the largest U.S. health insurer, raised its earnings forecast for the year and posted a quarterly profit that beat Wall Street estimates, helped by strength across its businesses.
Airlines must compensate for delays during wildcat strikes: EU court
BRUSSELS (Reuters) – Airlines have to pay compensation to passengers for delays caused by wildcat strikes that result from management decisions, the European Union’s top court said on Tuesday.
