The benchmark S&P 500 edged lower on Tuesday, as investors paused in the wake of a rally buoyed by hopes of a trade deal between the United States and China that sent the three main U.S. stock indexes to record highs in the previous session.
Tinder-owner Match Group Inc forecast fourth-quarter revenue below Wall Street estimates on Tuesday as it faces stiff competition from rival online dating services, sending its shares down about 15% in extended trading.
The U.S. dollar and crude prices rose on Tuesday, spurred by optimism that a U.S.-China trade deal may be near, but a rally in global equity markets paused after China pressed U.S. President Donald Trump to remove recently imposed tariffs.
The benchmark S&P 500 was little changed on Tuesday, pausing after growing expectations of a trade deal between the United States and China helped boost the three main U.S. stock indexes to record highs in the previous session.
Oil prices dropped on Wednesday after industry data showed a larger-than-expected build-up in U.S. crude stockpiles, but expectations for an easing of trade tensions between the United State and China capped losses.
Italian Prime Minister Giuseppe Conte said on Tuesday he would not allow ArcelorMittal to pull out of its acquisition of troubled steel plant Ilva, as the threat of huge job losses piled pressure on the government.
Office sharing company WeWork is being rescued by its largest shareholder, SoftBank Group Corp , with a $9.5 billion injection of funds but it still faces a very difficult road to survival given its large losses, and property lease liabilities.
SoftBank may be rescuing WeWork with a $9.5 billion cash injection but most rivals say they believe the office space sharing company is still in critical condition.
Uber Technologies Inc's autonomous test vehicles were involved in 37 crashes in the 18 months before a fatal March 2018 self-driving car incident, the National Transportation Safety Board (NTSB) said on Tuesday.
The U.S. dollar and crude prices rose on Tuesday, spurred by continuing optimism a U.S.-China trade deal may be near, while a rally in global equity markets edged higher after China pressed U.S. President Donald Trump to remove recently imposed tariffs.
The Justice Department said on Tuesday it had created a strike force that will identify and prosecute companies that fix prices or collude to push up the cost of billions of dollars' worth of U.S. government purchases.
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Steelmaker ArcelorMittal will not reverse its decision to withdraw from a deal to buy Italian steelmaker Ilva regardless of government efforts to salvage the accord, a source close to the matter said on Tuesday.
The Justice Department is set to announce a strike force aimed at identifying and prosecuting companies that fix prices or collude to push up the cost of the billions of dollars worth of U.S. government purchases, according to a Justice Department official.
AT&T will pay $60 million to resolve U.S. allegations it misled millions of smartphone customers by charging them for "unlimited" data plans that reduced data speeds if they used too much, the Federal Trade Commission (FTC) said on Tuesday.