Tech problems keep stocks soft; bonds stay strong
Stock markets remained under pressure on Tuesday as worries about a clampdown on the world's internet and social media giants compounded mounting global trade and recession jitters.
Stock markets remained under pressure on Tuesday as worries about a clampdown on the world's internet and social media giants compounded mounting global trade and recession jitters.
China warned its companies operating in the United States on Tuesday they could face harassment from U.S. law enforcement agencies, as it also rebuffed U.S. criticism of a trade white paper as "singing the same old tune".
When Pakistan closed its airspace during conflict with India in February, Malaysia Airlines was not one of the carriers left scrambling to re-route flights because it had already done so two weeks earlier, the carrier's chief executive said.
Activist hedge fund CIAM has written to the board of French automaker Renault to say it "strongly opposed" a planned $35 billion merger with Fiat Chrysler.
CVS Health Corp said it will offer expanded health services such as nutrition counseling and blood pressure screenings in 1,500 stores by the end of 2021, following through on plans announced during the pharmacy chain's 2018 acquisition of health insurer Aetna.
Uber Technologies Inc is currently under a federal income tax examination by the Internal Revenue Service (IRS) for tax years 2013 and 2014, the ride-hailing company said in a filing https://www.sec.gov/Archives/edgar/data/1543151/000162828019007524/0001628280-19-007524-index.htm) on Tuesday.
The sudden deterioration in trade talks between the United States and China last month has ratcheted up concerns among U.S. firms that the dispute could go beyond tariffs and affect business in the long-term.
The U.S. Securities and Exchange Commission is investigating Siemens AG, Philips NV and General Electric Co for allegedly using local middlemen to negotiate bribes with Chinese government and hospital officials to sell medical equipment, two U.S. sources with knowledge of the matter told Reuters.
Drinks group Pernod Ricard, which is being targeted by activist investor Elliot, sounded confident on Tuesday over its growth prospects in Asia including for wines such as its Jacob's Creek brand.
Fiat Chrysler has resolved key differences with France over its proposed merger with Renault, three sources told Reuters on Tuesday, as the French carmaker's board met to review the $35 billion tie-up plan.
U.S. stocks opened higher on Tuesday after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth.
The U.S. Internal Revenue Service is auditing Uber Technologies Inc's taxes for 2013 and 2014 and the ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
U.S. stocks rose on Tuesday, led by a rebound in the battered technology sector, as Federal Reserve Chair Jerome Powell's said the central bank would act "as appropriate" to trade war risks, leaving the door open for a possible rate cut.
LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer.
LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer.