Business & Finance News
NEW YORK (Reuters) – The S&P 500 pared early losses on Tuesday after a Trump administration official said he hoped to further open China’s economy to U.S. companies, though manufacturing data stoked concerns of rising costs that could cut corporate profits.
WASHINGTON (Reuters) – The European Union’s exemption from U.S. steel and aluminum tariffs was extended because of promising trade talks with Washington, U.S. Commerce Secretary Wilbur Ross said on Tuesday, adding that he does not expect the practice to continue.
FRANKFURT (Reuters) – The incoming boss of BASF has thrown his weight behind the chemical titan’s contentious strategy of keeping divergent businesses folded into one company, at a time when its major rivals such as DowDuPont are breaking themselves up.
WASHINGTON (Reuters) – U.S. factory activity slowed for a second straight month in April, with manufacturers complaining about rising commodity prices in the wake of the Trump administration’s tariffs on steel and aluminum imports.
LONDON (Reuters) – Signs of fading growth momentum across Europe have come as bad news to equity investors hoping for a repeat of 2017’s bumper returns, but many say they’re not ready to throw in the towel yet on companies that are still delivering strong earnings.
(Reuters) – U.S. stocks fell on Tuesday, driven by Pfizer’s discouraging results, tumbling oil prices and growing fears that tariffs and inflation could weigh on corporate profits.
NEW YORK (Reuters) – The dollar broke into positive territory for the year and U.S. bond yields inched higher again on Tuesday as the recent rise in oil prices fueled expectations the Federal Reserve could flag more interest rate hikes at its policy meeting this week.
NEW YORK (Reuters) – Pfizer Inc on Tuesday reported lower-than-expected first-quarter revenue as demand for some key drugs and international sales fell short of estimates, sparking a 5.1 percent drop in shares of the largest U.S. drugmaker.
DETROIT (Reuters) – Major automakers on Tuesday posted lower U.S. new vehicle sales in April as consumer demand continued to weaken and competition intensified following a lengthy boom for the industry.
DETROIT (Reuters) – Major automakers on Tuesday posted lower new vehicle sales in April as consumer demand continued to weaken following a lengthy boom for the industry.
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said the one-month extension of the exemption from new steel and aluminum tariffs granted to the European Union was the result of promising discussions to reduce trade tensions, and he does not anticipate granting exemptions to become a continuing practice.
WASHINGTON (Reuters) – The U.S. International Trade Commission said on Tuesday it will investigate certain gaming console systems from Nintendo Co Ltd after California-based Gamevice Inc filed a complaint alleging that their importation infringed on its patents.
WASHINGTON (Reuters) – U.S. factory activity slowed for a second straight month in April, weighed down by shortages of skilled workers and rising capacity constraints, but strengthening global demand continues to support manufacturing.
(Reuters) – U.S. stocks slipped on Tuesday as the latest batch of earnings from companies such as Pfizer and Tapestry disappointed investors already concerned about rising costs and protectionist policies.
(Reuters) – U.S. insurer MetLife Inc said on Tuesday John Hele retired as chief financial officer and will be succeeded by the company’s treasurer John McCallion.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
