The S&P 500 touched a record high on Tuesday as investors cheered strong earnings from big drugmakers Merck and Pfizer, while a disappointing profit from Google parent Alphabet kept the Nasdaq firmly in the red.
Investors are increasingly flocking to one of the safest pockets of the market — defensives.
Top shipping, retail and transport companies are looking to develop an alternative marine fuel which aims to reduce carbon emissions from ships, in another step to push the sector to go green.
Canadian airlines are making preparations for the day when Boeing's grounded 737 MAX jet can fly again, but one executive said work must be done to regain travelers' trust in the U.S.-made narrowbody involved in two deadly crashes.
Boeing Co Chief Executive Dennis Muilenburg was pressed by U.S. lawmakers at a hearing on Tuesday over what the company knew about its MCAS stall-prevention system linked to two deadly crashes, and about delays in turning over internal 2016 messages that described erratic behavior of the software in a simulator.
World stocks edged higher on Tuesday, lifted by strong earnings from big U.S. drugmakers Merck and Pfizer and expectations of another dose of policy stimulus from the U.S. Federal Reserve, while oil prices pared earlier losses.
Oil prices were steady on Tuesday, paring earlier losses as investors focused on signs that U.S.-China trade tensions could ease next month.
Juul Labs Inc said on Tuesday that its Chief Marketing Officer Craig Brommers is leaving the company, just weeks after the e-cigarette maker suspending advertising in the United States amid concerns over the appeal of its nicotine products amongst teenagers.
J.P. Morgan's Stephen Tusa continues to tell investors to stay away from GE in his latest note.
Shares of Beyond Meat Inc plunged more than 20% on Tuesday as investors rushed to cash in after a restriction on selling stock lifted and worries mounted about rising costs and increased competition at the hugely popular plant-based meat producer.
A New York state appeals court on Tuesday rejected IAC/InterActiveCorp's bid to dismiss a $2 billion lawsuit by a group of Tinder founders, executives and early employees who said it undervalued the dating app to avoid paying them billions of dollars.
Facebook Inc on Tuesday sued Israeli cyber surveillance firm NSO Group, alleging it hacked users of messaging platform WhatsApp earlier this year.
Private equity firm KKR & Co reported a 23% year-on-year drop in its quarterly after-tax distributable profit on Tuesday, as fee revenue slid amid a broader slowdown in asset sales by buyout firms.
Oil rose on Tuesday, paring earlier losses as investors focused on signs that U.S.-China trade tensions could ease next month and expectations that U.S. refined product stockpiles declined last week.
Hudbay Minerals on Tuesday vowed to appeal a court ruling that barred the Canadian miner from building a major copper mine in the United States after losing its bid to have a judge revisit the decision.