Wall Street higher on trade optimism, rate cut hopes
Wall Street’s main indexes rose and the S&P 500 edged back toward record territory on Tuesday, as easing trade tensions with Mexico and hopes of...
Underlying U.S. producer inflation boosted by services
Underlying U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains...
South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding
Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalize on the...
World share markets continue rally on trade, Fed hopes
Stock indexes around the world gained on Tuesday as investors piled into riskier assets as they bet on Federal Reserve interest rate cuts and that...
Beyond Meat slides after lead underwriter downgrades stock
Shares of Beyond Meat Inc fell as much as 22% on Tuesday after one of the stock’s lead underwriters, J.P. Morgan, downgraded it, saying the...
Exclusive: U.S. state attorneys general plan lawsuit to stop Sprint and T-Mobile merger
At least 10 state attorneys general plan to jointly file a lawsuit as soon as Tuesday to stop the $26 billion merger of Sprint and...
No meat please! Nestle may extend plant-based burger partnership with McDonald’s
Nestle could expand its plant-based burger sales partnership with fast food chain McDonald’s beyond Germany and is also looking for other partners, the Swiss food...
Technology stocks lead Wall Street higher
Wall Street’s main indexes rose on Tuesday, led by technology stocks, on the back of easing trade tensions with Mexico and signs of more fiscal...
Exclusive: U.S. state AGs prepare lawsuit to stop Sprint and T-Mobile merger
A group of at least 10 state attorneys general are preparing on Tuesday to file a lawsuit to stop the $26 billion merger of Sprint...
Trump defends tariff strategy as China says it’s ‘not afraid of a trade war’
U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the...