S&P 500 ends at record for second day but Apple slips
NEW YORK (Reuters) – The S&P 500 hit a record closing high for the second straight day on Tuesday with financial stocks leading the charge, though gains were stunted by a decline in Apple Inc shares after it unveiled its latest iPhone.
Wall Street executives have gloomy outlook on third-quarter trading results
(Reuters) – Executives from JPMorgan Chase & Co , Bank of America Corp and Goldman Sachs Group Inc warned on Tuesday that trading conditions during the third quarter were likely to be poor for their banks.
Apple unveils iPhone X in major product launch
CUPERTINO, Calif. (Reuters) – Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a redesigned product of glass and stainless steel with an edge-to-edge display that Chief Executive Tim Cook called “the biggest leap forward since the origina…
Wall St. rises as investors return to risk assets, financials gain
(Reuters) – U.S. stocks were higher on Tuesday, with the S&P 500 hitting a record intraday high as investor concerns about U.S. tensions with North Korea eased and the financial impact from Hurricane Irma appeared less severe than feared.
JPMorgan’s Dimon says bitcoin ‘is a fraud’
NEW YORK (Reuters) – Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co , said on Tuesday.
Wal-Mart restructures U.S. operations to speed change
CHICAGO (Reuters) – Wal-Mart Stores Inc is restructuring its U.S. store operations and will consolidate its business divisions from six to four, the company said on Tuesday.
Wall St. higher as financials gain; Apple event starts
(Reuters) – U.S. stocks were higher in early afternoon trading on Tuesday, with the S&P 500 hitting a record intraday high led by gains in financial stocks, and investors focused on an Apple event where the company is set to launch its new iPhone.
WeWork files name infringement lawsuit against China’s UrWork
NEW YORK (Reuters) – WeWork Cos filed a lawsuit against Chinese company UrWork for trademark infringement in a federal court on Tuesday and demanded the firm stop a planned launch in Manhattan where the New York-based shared workspace company dominates…
Home Capital investors spurn Buffett’s plan to boost stake
TORONTO (Reuters) – Home Capital’s shareholders on Tuesday rejected a proposal for Warren Buffett’s Berkshire Hathaway to raise its stake in the company, voting against the board’s recommendation in a third defeat for the U.S. billionaire this year.
Fox worries prompt UK to take long look at Murdoch’s Sky bid
LONDON (Reuters) – Rupert Murdoch’s planned $15 billion takeover of European broadcaster Sky was thrown into doubt on Tuesday when Britain toughened its stance on the deal over concerns about standards at his U.S. Fox News network.
