Adobe fourth-quarter revenue forecast disappoints; shares drop
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...
Wall Street rises as oil fears recede, market awaits Fed
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...
Big banks score win as U.S. regulator proposes easing post-crisis derivatives rules
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...
Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions
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,...
Wall Street rises as oil worries fade, investors eye Fed rate cut
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...
DoubleLine’s Gundlach says U.S. Fed will embark on ‘QE lite’ ‘pretty soon’
Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that the repo market squeeze makes it more likely that the Federal Reserve will resume...
Saudi energy minister says no urgent OPEC meeting: Al Arabiya TV
There will be no urgent OPEC meeting, the Saudi energy minister Prince Abdulaziz bin Salman said, Al Arabiya television reported on Tuesday after the weekend...
Official says U.S. believes Saudi attacks came from southwest Iran
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,...
FAA to brief international regulators on status of Boeing 737 MAX
Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to a Sept. 23 informal briefing in Montreal...
U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers
U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma mergers,...