D.R. Horton tops estimates on higher home sales, lower mortgage rates
No.1 U.S. homebuilder D.R. Horton Inc beat Wall Street estimates for third-quarter profit and revenue on Tuesday, boosted by higher home sales and declining mortgage rates.
No.1 U.S. homebuilder D.R. Horton Inc beat Wall Street estimates for third-quarter profit and revenue on Tuesday, boosted by higher home sales and declining mortgage rates.
Xerox Inc cut its full-year revenue forecast on Tuesday, citing organizational changes, primarily in North America.
Goldman Sachs raises its 2019 year-end price target for the U.S. benchmark S&P 500 index by 3% to 3,100.
Ralph Lauren Corp on Tuesday beat Wall Street estimates for quarterly revenue and profit powered by growth in North America, as a social media marketing blitz and new launches drove demand, sending its shares up 5% in premarket trading.
Merck & Co Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, powered by strong demand for its vaccines and cancer immunotherapy Keytruda.
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Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time in more than 10 years, supporting fuel consumption in the world's biggest oil user.
Brazil planemaker Embraer delivered 26 commercial planes in the second quarter of 2019, down from 28 planes in the same period of 2018 and 35 in 2017, the company said in a securities filing on Tuesday.
U.S. stock index futures dropped on Tuesday, as worries about the scale of consensus at the Federal Reserve in favor of deeper cuts in interest rates ate into the positive sentiment that drove indexes to record highs last week.
Regulation Best Interest is the latest regulatory move in the debate over whether advisors and brokers should adhere to a "fiduciary standard."
Swiss prosecutors said on Tuesday they are assisting Japanese authorities in their investigation into former Renault and Nissan Motor boss Carlos Ghosn, who faces charges of fraud and misconduct.
No.1 U.S. homebuilder D.R. Horton Inc topped Wall Street estimates for quarterly profit and revenue on Tuesday, as lower home prices and declining mortgage rates whetted buyer appetite.
Mastercard Inc on Tuesday beat Wall Street estimates for quarterly profit, as a robust economy encouraged customers to spend more, boosting fee income for the world's second-largest payment processor.
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Morgan Stanley downgraded Pfizer to equal-weight from overweight and slashed it price target to $40 per share from $48 per share.