U.S. business inventories rise moderately in May
U.S. business inventories rose moderately in May as sales rebounded, suggesting that inventory accumulation could have been a drag on economic growth in the second quarter.
U.S. business inventories rose moderately in May as sales rebounded, suggesting that inventory accumulation could have been a drag on economic growth in the second quarter.
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U.S. lawmakers from both sides of the aisle were set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe. Facebook is fighting a rearguard action to get Washington onside after it shocked regulators and lawmakers with an announcement on June 18 that it was hoping to launch a new digital coin called Libra in 2020.
Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.
A federal appeals court on Tuesday said New York City can ban advertising inside vehicles for companies such as Uber and Lyft.
Several large U.S. retailers recorded higher sales on the first day of Amazon.com Inc's Prime Day shopping event as online shoppers also flocked to their websites, Adobe Analytics said on Tuesday.
Domino's Pizza Inc reported its slowest U.S. same-store sales growth in at least three years in the second quarter, driving shares lower and raising doubts about its strategy for fighting off competition from delivery apps.
The bank reported second-quarter profit that beat forecasts, but lower net interest income and caution around expenses weighed on the stock.
The Federal Reserve's looming interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.
Oil prices steadied on Tuesday, paring gains as U.S. offshore crude production resumed after Hurricane Barry and tensions between the U.S. and Iran were seen easing.
Three big U.S. banks reported strong earnings on Tuesday, even as warning signs emerged that the playing field is beginning to tilt against the financial industry.
An Italian court on Tuesday acquitted Monte dei Paschi di Siena's former finance chief Gianluca Baldassari and 11 others of charges related to an alleged fraud scheme at the bank.
Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump's easing of restrictions on the Chinese firm.
Blue Apron Holdings Inc said on Tuesday it would include Beyond Meat Inc's plant-based burgers on its menus next month, betting on a multi-billion-dollar meat alternative market to lure new customers.
A federal appeals court on Tuesday said New York City can ban advertising inside vehicles driven for companies such as Uber and Lyft, handing a victory to the millions of passengers who it said find such ads "extremely annoying."