Dollar Tree Inc forecast holiday-quarter profit below Wall Street estimates on Tuesday, as the discount retailer fell short in its efforts to counter the impact of the latest U.S. tariffs on Chinese imports, sending its shares down about 17%.
Wall Street's three main indexes hit all-time highs on Tuesday, as gains for Disney and Best Buy countered weak consumer confidence data and a slump in shares of discount store operator Dollar Tree.
U.S. consumer confidence fell for a fourth straight month in November amid worries about current business conditions and employment prospects, but remained at levels sufficient to support a steady pace of consumer spending.
Best Buy Co Inc signaled it expected a strong holiday shopping season by forecasting fourth-quarter profit above Wall Street estimates on Tuesday, sending shares of the biggest U.S. consumer electronics retailer up over 8%.
Cowen upgrades shares of Chipotle to outperform from market perform and hikes its price target to $970 per share from $800 per share.
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Wall Street's three main indexes hit all-time highs on Tuesday, as comments by President Donald Trump on trade as well as gains for Disney and Best Buy countered weak consumer confidence data.
U.S. President Donald Trump said on Tuesday the United States was in the "final throes" in its attempt to reach a trade deal with China, but that at the same time Washington stands with protesters in Hong Kong, where it wants to see democracy.
Activist investor Blackwells is pushing to remove Tom Barrack, a billionaire friend of President Donald Trump, as CEO of Colony Capital, saying his mismanagement of the real estate and investment firm has cost shareholders billions of dollars in lost gains.
China sold $6 billion worth of dollar-denominated bonds on Tuesday, double its initial target.
China raised $6 billion in its biggest ever international sovereign bond sale on Tuesday, as it pounced on the year's sharp dive in borrowing costs.
The dollar and a gauge of global stock markets traded little changed on Tuesday as record highs on Wall Street were offset by caution as traders scrutinized the latest developments in the prolonged U.S.-China trade talks.
Wall Street's three main indexes held steady near all-time highs on Tuesday, as positive comments on trade by President Donald Trump, along with gains for Disney and Best Buy, encouraged investors to shrug off weak economic data.
Federal prosecutors have opened a criminal investigation into whether pharmaceutical companies intentionally allowed opioid painkillers to flood communities, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The United States and China are close to agreement on the first phase of a trade deal, U.S. President Donald Trump said on Tuesday, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues.