FedEx warns 2020 results to be hurt by trade war, shares fall 2%
Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade...
Wall Street sinks as hopes fade for rate cuts, trade progress
Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers...
Disney poaches Netflix film-making chief for streaming service: Deadline
Walt Disney Co has hired the head of Netflix Inc’s original film division, Matt Brodlie, for its streaming service Disney+, according to a report by...
U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals
The U.S. Department of Justice has begun a criminal probe into allegations that Tyson Foods Inc and other poultry processors including Pilgrim’s Pride Corp and...
Wall Street drops amid tech selloff, trade concerns
Wall Street fell on Tuesday, led by a selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines,...
Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi
Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan’s Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash,...
Powell says Fed insulated from politics, wrestling with rate cuts
Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” and that its policymakers are wrestling with...
Tesla likely to miss record second-quarter delivery target: Electrek
Shares of Tesla Inc fell 1.3% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North...
Gold soars to six-year high, stocks slide after Powell speech
Gold soared to an almost six-year high on Tuesday on escalating U.S.-Iran tensions, while equity markets slid on disappointing economic data and uncertainty that the...
Oil prices mixed ahead of U.S. crude stock data
Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing investors’ concerns that U.S.-China trade tensions could dampen...