Equities rally dissipates as trade optimism fades, yield curve flattens
Wall Street’s indexes ended Tuesday’s session virtually unchanged after investors turned their focus to U.S.-China trade tensions as euphoria from Friday’s U.S.-Mexico deal faded....
Investor Ackman opposes United Technologies’ aerospace merger with Raytheon: source
William Ackman’s activist hedge fund Pershing Square Capital Management LP is opposed to United Technologies Corp’s $120 billion aerospace merger with defense contractor Raytheon Co,...
Goldman Sachs CEO: Tariffs for political agenda can impact markets: CNBC
Goldman Sachs Chief Executive David Solomon told CNBC on Tuesday that U.S. President Donald Trump’s use of tariffs as part of a political agenda can...
High-yield junk market still attractive: top bond manager Margaret Patel
The gains in high-yield junk bonds are not over, thanks to the Federal Reserve’s supportive stance on monetary policy, Margaret Patel, one of the mutual-fund...
Wall Street rally loses steam as industrials drag
Wall Street’s main indexes gave up gains to trade slightly lower on Tuesday, as declines in industrial companies dampened early optimism over easing trade tensions...
Boeing May deliveries fall 56% as 737 MAX grounding continues to weigh
Boeing Co said on Tuesday it handed over 56% fewer airplanes in May compared with a year earlier, as deliveries of its top-selling 737 MAX...
Capgemini expands with technology venture capital fund
Global business consultancy Capgemini is launching its first-ever investment fund, with plans to invest up to 90 million euros ($102 million) in early-stage technology companies....
State attorneys general in U.S. plan lawsuit to stop Sprint-T-Mobile deal: sources
At least 10 state attorneys general plan to file a lawsuit as soon as Tuesday to stop the $26 billion merger of Sprint Corp and...
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...