U.S. stocks struggled for direction on Tuesday, as a lack of fresh cues on U.S.-China trade negotiations curbed investor appetite despite upbeat profit forecasts from retailers.
Activist investor Barington Capital on Tuesday urged L Brands to separate its Victoria’s Secret and Bath & Body Works businesses, in an effort to turn around the struggling consumer brands owner.
Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market.
Goldman Sachs Group Inc said on Tuesday that it is relaxing the dress code for all its employees, a move once considered unimaginable for the Wall Street firm’s leagues of monk-shoed partners and bankers in bespoke suits.
Shares of U.S. retail and consumer goods companies appear set to emerge largely unscathed from the trade dispute between the United States and China.
U.S. stocks eked out modest gains on Tuesday on the back of upbeat quarterly reports from retailers and in anticipation of a U.S.-China trade deal as early as this month end.
Target Corp forecast 2019 profit above Wall Street estimates on Tuesday as investments to draw more shoppers online and in stores drove a jump in holiday sales, sending its shares up 5 percent.
Oil prices hovered near flat on Tuesday as the market balanced OPEC-led efforts to tighten crude supply with the restart of Libya’s biggest oilfield and the prospect of weaker demand.
Delta Air Lines is planning to replace one-third of its mainline fleet in the next five years, while still deciding whether or not to invest in struggling Italian carrier Alitalia, Chief Executive Ed Bastian said on Tuesday.
Papa John’s founder John Schnatter is leaving its board of directors as part of a settlement resolving a bitter dispute for control of the world’s third-largest pizza chain.
Carlos Ghosn, the ousted chairman of Nissan Motor, said he was innocent and committed to fighting the “meritless and unsubstantiated” accusations against him, according to a statement ahead of his expected release from prison on bail.
T-Mobile Us Inc’s chief executive, John Legere, and other company leaders have spent $195,000 on hotel stays and other expenses at the Trump International Hotel in Washington since the company sought approval for a $26 billion merger with Sprint last April, documents released on Tuesday show.
BMW could move some production of engines and its Mini model out of Britain if the country does not secure an orderly departure from the European Union, the German carmaker said on Tuesday, in the latest Brexit warning from the auto industry.
Harley-Davidson Inc moved into kids electric bikes on Tuesday with the purchase of California-based StaCyc Inc, tapping a new business outside its declining core market in classic motorcycles.
A gauge of world stock markets dipped on Tuesday but held near five-month highs as China cut its growth targets to a 30-year low but added more stimulus, while strong U.S. economic data put the dollar on track to notch its fifth straight day of gains.
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