Fitbit slumps as new smartwatch fails to excite
(Reuters) – Fitbit Inc’s shares fell 14 percent in early trading on Tuesday after the company said its newly launched smartwatch was not selling as expected, raising concerns about the company’s ability to become profitable again in the near term.
U.S. core capital goods orders fall; goods trade deficit widens
WASHINGTON (Reuters) – New orders for U.S.-made capital goods fell for a second straight month in January and shipments barely rose, pointing to a slowdown in business spending on equipment after robust growth in 2017.
Fed’s Powell nods to ‘gradual’ rate hikes, close eye on inflation
WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told U.S. lawmakers on Tuesday that the central bank would stick with gradual…
Wall Street set to open lower after Powell’s remarks
(Reuters) – U.S. stock index futures pointed to a slightly lower open for Wall Street on Tuesday after Federal Reserve Chairman Jerome Powell hinted the central bank would stick to its current path of gradual rate hikes as inflation remains below its 2…
Walmart to launch new private label clothing brands
NEW YORK (Reuters) – Walmart Inc will launch four private label clothing brands as part of a push to make deeper inroads into the apparel space and compete against rival Amazon.com Inc , which is rapidly gaining market share in the category.
Diesel cars can be banned from German cities, court rules
LEIPZIG, Germany (Reuters) – German cities can ban the most heavily polluting diesel cars from their streets, a court ruled on Tuesday, a move likely to accelerate a shift away from the combustion engine and force manufacturers to pay to improve exhaus…
Macy’s same-store sales top expectations, shares jump
NEW YORK (Reuters) – Macy’s Inc on Tuesday reported higher-than-expected same-store sales growth for the fourth quarter and forecast a possible return to annual comparable sales growth in 2018, sending shares higher in pre-market trading.
Toll Brothers profit beats as home sales rise
(Reuters) – U.S. luxury homebuilder Toll Brothers Inc reported a first-quarter profit on Tuesday that beat analysts’ estimates as it sold more homes at higher prices, sending its shares up 2 percent in premarket trading.
Walt Disney to invest 2 billion euros in Disneyland Paris
PARIS (Reuters) – The Walt Disney Company on Tuesday announced a 2 billion euro ($2.47 billion) investment drive to expand its French theme park Disneyland Paris, which it took full control of last year.
Macy’s same-store sales growth trounces analyst estimates, shares jump
NEW YORK (Reuters) – Macy’s Inc on Tuesday reported higher-than-expected same-store sales growth for the fourth quarter, fueled by higher holiday sales and a marketing and loyalty program overhaul, sending shares surging in premarket trading.
