Oil prices dropped sharply on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil production after having been hit by an attack this weekend that shut 5% of global oil output.
Half of Saudi Arabia's crude production cut during Saturday's attack has been restored in the past two days, the kingdom's energy minister said Tuesday.
Viacom chief executive officer Bob Bakish says he's not worried about competition in the streaming space, on the heels of its merger with CBS.
Bob Bakish, the head of a newly combined CBS and Viacom, said he was "disappointed" by both stocks' reaction to the recent deal.
Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday.
Oil prices dropped sharply on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil supply following an attack over the weekend that shut 5% of global oil output.
Adobe Inc on Tuesday forecast fourth-quarter revenue below Wall Street expectations as the software maker faces intense competition in a fast-growing cloud market, sending shares down 4.3% in after-market trading.
The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, an assessment that further increases tension in the Middle East.
A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.
British Prime Minister Boris Johnson told Saudi Arabia's Crown Prince Mohammed bin Salman on Tuesday that there should be a collective response to attacks on the country's oil facilities.
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Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese automaker's plan to invest $13 billion in its U.S. operations over five years through 2021.
The Benettons ushered in a change of guard at Italian infrastructure group Atlantia , replacing its powerful CEO with a management committee, as they move to deal with fallout from a deadly bridge collapse.
Oil prices tumbled about 6% on Tuesday after Saudi Arabia's energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5% of global oil output.
Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to an informal briefing in Montreal next week on the status of the grounded Boeing 737 MAX, according to an email seen by Reuters.