S&P 500, Dow gain on upbeat corporate earnings, reopening hopes
The S&P 500 and Dow Jones indexes rose on Tuesday after a string of upbeat quarterly reports took the edge off a plunge in consumer...
PepsiCo sees snacking boost as lockdowns hammer soda sales
PepsiCo warned on Tuesday surging demand for Lays and Doritos would only partially offset a hit to business in the second quarter from coronavirus lockdowns...
Mnuchin warns some U.S. firms could face criminal liability over coronavirus loans
The U.S. Treasury Department will audit every loan for more than $2 million given under the Paycheck Protection Program for businesses hurt by the coronavirus...
Wall Street pares gains as U.S. consumer confidence plunges in April
Wall Street’s main indexes pared gains in early trading on Tuesday, as data showed U.S. consumer confidence tumbled in April as coronavirus-driven lockdowns sharply disrupted...
Wall Street jumps at open on upbeat corporate earnings
U.S. stock markets jumped at the open on Tuesday on another round of upbeat quarterly earnings reports, even as investors braced for a likely slide...
Southwest posts first quarterly loss in nine years, shores up cash to weather pandemic
Southwest Airlines Co on Tuesday posted a $94 million quarterly net loss, its first in nine years, and warned of drastic revenue drops ahead as...
U.S. goods trade deficit rises as auto exports tumble
The U.S. goods trade deficit widened in March amid a collapse in exports of motor vehicles and parts, but overall imports continued to decline likely...
Merck sees $2.1 billion hit to full-year sales from coronavirus pandemic
Merck & Co Inc warned of a $2.1 billion hit to its 2020 revenue on Tuesday as social distancing due to the COVID-19 pandemic is...
PepsiCo says snacks to ease, not cure its lockdown blues
PepsiCo Inc warned on Tuesday organic revenue and operating profits would suffer in the second quarter as major buyers of its sodas, such as restaurants,...
Harley-Davidson cuts dividend payout, suspends share buybacks
Harley-Davidson Inc cut its quarterly dividend to just 2 cents and suspended share buybacks on Tuesday to boost its cash reserves even as it reported...