Business & Finance News
(Reuters) – A sharp drop in so-called ‘FAANG’ group of technology stocks pushed the Nasdaq Composite lower on Tuesday, with rising 10-year yields and contrasting earnings reports from industrials also adding to the pressure.
WASHINGTON (Reuters) – Mexican Economy Minister Ildefonso Guajardo said on Tuesday that flexibility will be needed to hash out an agreement on a new NAFTA deal, as he prepared to meet with his U.S. and Canadian counterparts later in the day.
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday said the United States would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days.
MEXICO CITY (Reuters) – Ministers from the United States, Canada and Mexico meeting in Washington could agree on a revised North American Free Trade Agreement in the next 10 days, a Mexican business leader said on Tuesday.
(Reuters) – Shares of Google parent Alphabet Inc lost almost 5 percent on Tuesday as a surge in costs drove what analysts said was its biggest ever contraction in gross margins, overshadowing strong first-quarter ad sales.
CHICAGO/BENGALURU (Reuters) – Citigroup Inc Chairman Mike O’Neill said on Tuesday all options were being considered for his replacement, when he will retire in the next 12 months.
LONDON (Reuters) – Online streaming services such as Spotify and Apple Music have become the recording industry’s single biggest revenue source, overtaking physical sales of CDs and digital downloads for the first time, a trade group said on Tuesday.
(Reuters) – U.S. stocks turned negative on Tuesday, weighed down by shares of Alphabet and 3M and as yield on the 10-year Treasury notes rose to 3 percent for the first time in more than four years.
WASHINGTON (Reuters) – U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter.
FRANKFURT (Reuters) – The supervisory board of Deutsche Bank has voiced support for its chairman, Paul Achleitner, who has come under fire for his handling of management changes at the bank.
(Reuters) – U.S. stocks rose on Tuesday as strong earnings from Caterpillar, Verizon and a host of other big names boosted optimism about corporate America’s health, but the gains were curbed by rising bond yields.
(Reuters) – U.S. stock indexes opened higher on Tuesday, helped by strong results from Verizon and Caterpillar as well as gains in technology stocks.
PARIS (Reuters) – U.S. software company Salesforce will invest more than $2.2 billion in its French business over the next five years, it said on Tuesday, in another sign of America Inc’s new love affair with France since President Emmanuel Macron’s election.
(Reuters) – Lockheed Martin Corp , the Pentagon’s No.1 weapons supplier, reported a better-than-expected quarterly profit and raised its full-year forecast, driven by higher sales of its stealthy F-35 combat jets.
(Reuters) – The Dow Jones Industrial Average was set to open roughly 150 points higher on Tuesday after Caterpillar and United Technologies led a slew of strong earnings reports from members of the blue-chip index.
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