Tiffany & Co’s results topped Wall Street estimates on Tuesday as a heavy advertising spend drew in both affluent and more price-conscious shoppers to its stores in the Americas and China, prompting the chain to raise its annual profit forecast.
Best Buy Co Inc on Tuesday reported a drop in quarterly online sales growth and offered a profit forecast for the current quarter that fell short of analyst estimates, sending its shares down more than 7 percent in late morning trading.
U.S. stocks were little changed on Tuesday, with the benchmark S&P 500 and the Nasdaq hovering at all-time highs, a day after the United States and Mexico reached an agreement on an overhaul of the North America Free Trade Agreement (NAFTA).
Intel stock has a low valuation and a decent dividend yield. Intel could have another quarter or two of weakness, but its long-term outlook remains quite positive. Technology will improve and become more efficient, but we’ll need Intel chips for years and years to come. …read more […]
Thomson Reuters Corp said on Tuesday that it will complete the sale of a 55 percent stake in its Financial & Risk unit to private equity firm Blackstone Group LP on Oct. 1.
U.S. President Donald Trump said on Tuesday Google’s search engine was hiding “fair media” coverage of him and said he would address the situation, taking a swipe at the internet giant without providing evidence or giving details of action he might take. The company, part of Alphabet Inc, denied any political bias in its search engine. Trump’s criticism and threat of action to somehow restrict Google was his latest attack on a major tech company, following a series of tweets about Amazon.com, which he accused of hurting small businesses and benefitting from a favorable deal with the U.S. …read more […]
Canada’s top trade negotiator joins her Mexican and U.S. counterparts in Washington on Tuesday in a bid to remain part of a trilateral North American trade pact, as U.S. officials expressed optimism a deal could be reached this week.
Members of online communities of credit-card super users have been freaking out over the past year after hearing stories from some JPMorgan Chase cardholders that the bank shut down their credit-card accounts. Since the credit-card rewards arms race ramped up a couple of years ago following the Chase Sapphire Reserve launch, credit-card enthusiasts who make a hobby of accumulating points for free travel and other perks have swelled in numbers. Like card sharks in a casino, these customers tend to be very savvy, know all the rules and angles, and can eat away at a bank’s credit-card profits. …read more […]
A global stocks index advanced to more than five-month highs on Tuesday, lifted by investor optimism that a U.S.-Mexico deal will help avert a global trade war.
US-Mexico trade pact gives American auto plants an upper hand over Mexican facilities, where workers earn far less. Railroads also gain as the deal eases risks of big tariffs. …read more […]
U.S. stock indexes rose on Tuesday, with the benchmark S&P 500 and the Nasdaq indexes hitting fresh all-time highs, as a trade agreement between the United States and Mexico calmed fears of a global trade war.
The two blue chips may have peaked a couple of years ago, but the future remains brighter for one of the companies. …read more […]
President Donald Trump promised Tuesday to address what he says is the “very serious situation” of social media companies “suppressing” conservative voices and “hiding information” and good news. Trump recently has made similar complaints about the issue, which has been making the rounds in conservative media. Asked whether Trump thinks Google should be subject to some regulation, Larry Kudlow, the president’s top economic adviser, told reporters only that “we’re taking a look. …read more […]
Chipotle Mexican Grill Inc said on Tuesday it would partner with delivery service DoorDash, as the restaurant chain looks to get more people to eat its burritos and tacos, at a time when traffic at its restaurants is falling.
The U.S. goods trade deficit widened sharply in July as exports of agricultural products tumbled, suggesting trade will likely be a drag on economic growth in the third quarter.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
